Replies to This Discussion

Permalink Reply by Jeff Payne on January 29, 2010 at 8:40am

Forgot to say that the short sale was submitted on 9/8/09 and approved on 12/23/09. Sellerwas an investor and was current on the mortgage

Permalink Reply by Tiffany Alleshouse on April 21, 2010 at 8:42am

Oh good! I am working on 2 deals with AHMSI right now :)

Permalink Reply by claire on April 21, 2010 at 4:51pm

This fee is FROM the buyer. Did you check the HUD?

Permalink Reply by Sue Edwards on April 26, 2010 at 1:23pm

I have been trying to get my file assigned to a negotiator since the beginning of March. I have submitted everything they asked for, most things more than once. Any suggestions?

Permalink Reply by chetan kaushal on May 5, 2010 at 8:45am

Jeff,
Did AHMSI release the seller from balance of the loan or they are still on the hook?

Permalink Reply by Lupe Soto on June 2, 2010 at 2:44pm

HI, Jeff, do they allow buyer concessions or buyers closing costs? thanks for sharing your success. lupe

Permalink Reply by Jeff Payne on June 3, 2010 at 5:45am

Yes, it was a full release

chetan kaushal said:

Jeff,
Did AHMSI release the seller from balance of the loan or they are still on the hook?

Permalink Reply by Jeff Payne on June 3, 2010 at 5:46am

Yes they will, I have yet to find a bank that would not allow concessions for buyer CC's just as long as the required net is met.

Lupe Soto said:

HI, Jeff, do they allow buyer concessions or buyers closing costs? thanks for sharing your success. lupe

Permalink Reply by Ricky D. Ostrom on November 23, 2010 at 6:06am

It took me 3 months before I heard from the negotiator. Now 2 more months later we are about to receive our Approval Letter. Does anyone know what restrictions are placed on their letters? Since this is a rehab flip, I am concerned about any 90 Day Holds, etc.

Permalink Reply by Jim Schneider on December 8, 2010 at 10:50am

Jeff,
was there a particular for the buyer had to sign agreeing to the 1% to AHMSI? If so, could you post it? I'm working with an AHMSI first mortgage now and I'd just as soon get it from the buyer up front, that way there's no surprises and less likelyhood of the buyer backing out.

Permalink Reply by Jeff Payne on December 8, 2010 at 11:50am

Jim, it was part of the approval letter.

Jim Schneider said:

Jeff,
was there a particular for the buyer had to sign agreeing to the 1% to AHMSI? If so, could you post it? I'm working with an AHMSI first mortgage now and I'd just as soon get it from the buyer up front, that way there's no surprises and less likelyhood of the buyer backing out.