Homeward Residential (AHMSI)

Information

Homeward Residential (AHMSI)

Short Sales with American Home Mortgage Services ces...servicing former Option One clients

AHMSI changed its name to Homeward Residential

Website: http://shortsalesuperstars.com/ahmsi
Members: 233
Latest Activity: Feb 15, 2015

Homeward Residential (AHMSI) Short Sale Information

 

Click the button to hire a Superstar in your area

 

Financial_Analysis_for_Loss_Mitigation_Workout_Form.pdf

Affidavit_of_Hardship_Form.pd

 

Making Home Affordable Plan

 

Forms

Short Sale Fax #:866-452-1837
website: www.gohomeward.com

Phone#: 877-304-3100

LOA Fx# 866-795-6529

 

Be prepared to have the short sale outsourced to PowerReo. Here's their agreement

About AHMSI  Established in April 2008, AHMSI services residential mortgage loans, including traditional, Alt-A, interest only and subprime and is one of the country's largest servicers of sub-prime and Alt-A loans. The company is headquartered in Irving, Texas, and operates as well through locations in Irvine, Calif., Jacksonville, Fla., and Pune, India. As of October 30, 2008, it managed a portfolio of more than $85 billion.  WL Ross, founded by Wilbur L. Ross, is a private equity firm based in New York City and currently oversees in excess of $5.0 billion in private investments. AHMSI is owned by several funds that are ultimately controlled by WL Ross.

 

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayDXuthhd7kQ

http://www.housingwire.com/article/wilbur-ross-ahmsi-changes-name-adds-correspondent-lending

Discussion Forum

How can Homeward re: Power REO charge a 1% commission?

Started by Bryan Crabtree. Last reply by Kevin - Greenville, SC Feb 27, 2013. 3 Replies

AHMI

Started by Joan Vaca. Last reply by Joan Vaca Feb 26, 2013. 3 Replies

Commission Reduced - Any suggestions???

Started by Mitzy. Last reply by Sherri Elliott Dec 3, 2012. 5 Replies

Comment Wall

Comment

You need to be a member of Homeward Residential (AHMSI) to add comments!

Comment by Tyra General on September 4, 2012 at 8:06am

Thanks Patrick! A representative from there just said there were no options if it wasn't owner occupied. That didn't sit well with me so I'm glad to hear your feedback. 

Comment by Patrick James on September 4, 2012 at 7:17am

@Tyra - not to my knowledge.  I completed a short sale earlier this year on an investment property.

Comment by Tyra General on September 4, 2012 at 7:14am

Has anyone heard that AHMSI will only complete short sales for owner occupants? 

Comment by Dominique Tanks on August 13, 2012 at 10:17am

Hello fellow Superstars, I just took a listing here in Orange County Ca and Homeward Residential is servicing the loan. It's 1 loan no 2nd but...after reading what a lot of you are going through with them. They seem to be worse than "Bind over Agent" (aka B of A) I have to go verify a permit for an addition and if it's checks out okay. This will allow me to list at full market which is $40k less than what is owed on the property. Seller is joint tenants with her mother who passed away 2 years ago. She received a Mod which did not reduce the payment by much...and has depleted her savings trying to keep the house. So it looks like from what I'm reading...it'll still be a challenge dealing with Homeward Residential. I welcome any advise...Thanks!

Comment by Kevin - Greenville, SC on April 20, 2012 at 10:29am

Michael Hayley - Going to closing with 6% next week.  

Comment by Michael Hayley on April 20, 2012 at 8:05am

I have a Settlement Agreement from this outfit and they are trying to get into my/our pocket for 1% reduction in commission from 6%. Has anyone else had success getting them to back off on their demand for 5% commission by "just say no"? 

Comment by Marty Macisso on April 10, 2012 at 10:20am

Has anyone had success escalating a HAFA short sale by emailing the Vice President Jim Davis ? I've seen some positve reviews and his email didnt bounce back, like my negotiators.

Comment by Gabe Orozco on April 10, 2012 at 7:53am

Has anyone had were AHMSI tells you there's an approval (HAFA) they're waiting on final OK.. then all of sudden they want to see the sellers bank statements which they were provided (2k) plus a retirement/401k (33k) now they say the seller has the ability to pay the mortgage out of the retirement account! He's been laid off I provided them a letter from the unemployment to show hardship, oh they also said that the seller was not behind on his mortgage.. I've never heard of any bank denying the short sale because they have money in a 401k! .. does anyone have a person in upper management I can go to? Thanks!

Comment by Gordon K on April 4, 2012 at 6:47am

Has anyone heard of Vantium Capital? They seem to be attempting to "butt in" at the beginning of our short sale, claiming to be a servicer on behalf of AHMSI. They limit agent compensation to 5%, and require a $625 or 1% of sales price fee to be paid to them, whichever is greater.

Does this sound right? We are working the short sale on behalf of the seller, and feel as though we can work directly with AHMSI instead of this "middle-man" company.

Comment by Nate on March 23, 2012 at 2:12am

anybody have the alt rass form?

 

Members (229)

 
 
 

Members

© 2024   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************