Comment

Comment by Jan Baron on January 25, 2012 at 3:58pm

My client is horribly upside down, 2 loans 80/20 with JP Morgan interest only.  He is current, doesn't want to ruin his credit by missing payments.  His hardship would be that he has a very long commute and needs to move.  Any chance we can get an approval without him missing payments?

Comment by Doug McVinua on January 6, 2012 at 9:45am

IndyMac Short Sale with MGIC as the mortgage insurance.  MGIC is asking for $10K cash and $45K Prom note on 2nd Counter.  Countered back with $3000 cash from borrower the first time after request for $25K Cash and $55K promissory note.  Any tips to get MGIC into reasonable range?  Seller has no deficiency in the event of foreclosure and refuses to bring more $ to short sale.

Comment by Jan Sanderlin on January 4, 2012 at 4:17pm

Hey,

 

Does anyone have current escalation intel on Citi, Citibank or Citimortgage??? Any of them will work...I have outdated contacts...Thank you in advance!

Comment by Maria Evans on December 19, 2011 at 8:58am

Again the same old problem with MIC... I would find someone at Freddie Mac and call for help. Fannie helped me in the past.  They may be right to make sure there is a hardship. Just send same hardship letter addressed to MIC the sooner the better not to stop the process.

Comment by Cami Pinsak on November 3, 2011 at 5:54am

David - email me @ [email protected] and I may be able to help you.  My contacts are unverified though...

 

Comment by David Dee on November 2, 2011 at 6:58pm

Hey folks! Ocwen HElp! Got a call from a client who has sale date set for tmr 11/3. Their loan was with Litton and effective 11/1 was xfer to Ocwen. I submitted an offer today to Ocwen and the rep there stated their system has not been updated yet and cannot provide any more info and to call back in 2 days! 2 days is what I cannot afford as sale date is tomorrow!

Anyone ran into this scenario before? What can be done to stop the sale date? I called the trustee as well and they forwarded my offer to Ocwen as well. Said will have to wait to see what Ocwen will do as they have no control. Anyone know of a  escalation dept contact/number at OCwen to get a postponement date? Thanks!

Comment by Jim Stewart on October 4, 2011 at 5:50am

I'm looking for info on Bancorp South for a VA Compromise sale. Does anyone here have any contact info for them??  I don't find a SSSS group for Bancorp South. Thanks!

Comment by Sharon Alters, CDPE, GRI on September 7, 2011 at 10:11am

Cici, I can only speak for my foreclosure listings. Wells Fargo does pay the HOA dues that are in arrears.

Comment by Cici Glaser on September 7, 2011 at 7:27am

Doing a short sale with Seterus. HOA dues are in arrears for nearly $8000 and seller doesn't have the money to pay. My questions is this: if this house goes to foreclosure, will the HOA get paid then by the bank-owner? Any ideas what we can do to get this settled?

Comment by Mike Sher on August 28, 2011 at 3:29am

MGIC HELP

My file is a 5/3 with freddie as the investor and MGIC for the PMI company.  Got an offer of $102,000.  Current balance of loan is $140,000 5/3 BPO came back at $86,000 which I knew was low.  5/3 said we need an offer of $86,000 to make this work because the negotiator thought we would not be able to get the home appraised. Also since the homeowner was making payments she would be required to make some sort of contribution.  To minimize the deficiency we got the buyer to get their appraisal done now and it came back at $104,000 :).  I told 5/3 to send the file in the $102,000 and that we would be able to close.  I also asked her to put ion a good word for us since we were able to get them $16,000 more then their BPO allowed.  Well they came back after 30 days with MGIC asking for $5000 cash from the seller and a $25000 prom note for 180 months.

Question?  Did you counter MGIC and what did they counter back at?  Sorry about the long post.  BTW my clients hardship is that her home in Michigan and she move to Caroline with her soon to be husband.  5/3 called that a elective move, Guess Love is not what is used to be!!  Thanks  Mike

• ‹ Previous
• 1
• …
• 7
• 8
• 9
• 10
• 11
• …
• 49
• Next ›
• Page