Comment

Comment by cat on February 7, 2013 at 4:57am

thanks for your help.  i just don't understand why i escalate to hud when bank of america doesn't seem to care.  i mentioned the name of my negotiator and his supervisor to the hud counselor and she said she had received a lot of complaints about the supervisor - WHAT???  if you have a bunch of complaints, why doesn't anyone do anything about it?

Comment by Ann Howard on February 7, 2013 at 4:54am

I was having trouble with one of my short sales and found out that by complaining to the OCC helped. We had an offer of $539,000 and their own appraisal came in at only $510,000 but the servicers were giving me the run around. The last conversation before reporting them was, well we don't have to do a short sale and do what you want we can foreclose. I turned them in and now after nearly 5 months have an approval. Amazing we may actually close this thing. You can go to this web site www.helpwithmybank.gov  for information and to file a complaint.

Comment by Kevin - Greenville, SC on February 7, 2013 at 4:45am

http://www.americanbanker.com/issues/176_151/stevens-fha-bank-of-am...

Comment by cat on February 7, 2013 at 4:42am

meanwhile....on another FHA shortsale I am working - does Bank of America even want to do FHA shortsales???? i'm no the phone with hud, i keep escalating to them, they send me back to the b of a hud escalation team - which is a JOKE!!!  how do i get out of this endless loop of escalation going NOWHERE!

Comment by Sheila Vardakis on February 6, 2013 at 4:42pm

if it is vacant its okay but they need to keep the utilities on. 

Comment by Kevin - Greenville, SC on February 6, 2013 at 2:23pm

"I thought there was no longer an occupancy requirement for HUD/FHA homes" - No the occupancy requirements haven't changed for the Pre-Foreclosure Sale, but there are some exceptions.  

Comment by cat on February 6, 2013 at 2:19pm

oh yeah, they still are paying for utilities and upkeep of home. 

 

Comment by cat on February 6, 2013 at 2:10pm

no, i am the listing agent.  when the seller contacted us about doing a shortsale, she had already moved out of the home.  so, i am just trying to figure out if it is still a requirement that the home be occupied.  it was owner occupied until november of last year, but the sellers moved out.  now property is vacant - is that a problem?  thanks for response.

Comment by Kevin - Greenville, SC on February 6, 2013 at 12:54pm

Camille,

Are you talking about purchasing a HUD Home?

Comment by cat on February 6, 2013 at 12:04pm

HELP!  I am a bit confused.  I thought there was no longer an occupancy requirement for HUD/FHA homes.  Didn't they get rid of this requirement in June of last year, or am I thinking of something else.  Thanks!!!!!!!!!!!!!

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