Al
  • VA
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Al's Page

Latest Activity

Al commented on Stephanie Lim's group FHA - HUD Short Sales
"Reason why I ask is on my previous offer for the same property the bank only allowed 1% but it was a conventional offer. Now I have a fha offer and seller is asking 3% but its a fha offer. "
Sep 12
Al replied to Barbara Thomas's discussion US Bank Allowing Only a 60-day Marketing Period under the ATP!! in the group FHA - HUD Short Sales
"reason why I ask is the bank says seller concession needs to be at 1% but that was on a previous conventional offer. My new offer is an fha offer and buyer is asking 3% at 3% it would still meet net. "
Sep 12
Al commented on Stephanie Lim's group FHA - HUD Short Sales
"What is the maximum allowable closing cost assistance. For fha pfs can I ask for 2% of sales price? "
Sep 12
Al commented on Stephanie Lim's group FHA - HUD Short Sales
"Is repair allowance or repair assistance allowed a fha short sale? "
Jul 23
Al commented on Stephanie Lim's group FHA - HUD Short Sales
"Started Working on a FHA short sale with a foreclosure sale date scheduled in well over a month. Bank has agreed to do a short sale and 1st legal has been filed. We have submitted an offer and the bank has order an appraisal. My understanding is the…"
Jul 12
Al joined Stephanie Lim's group
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FHA - HUD Short Sales

HUD rules for FHA short sales, tips, experiences, etc.Fax LOA:  918-236-3274PH 877 622-8525See More
Jul 12
Al commented on Bryant Tutas's group SunTrust Mortgage
"who is worse suntrust or ocwen? I have delt with suntrust and dropped them they were asking 200k above market value on a home. Crazy? Supplied comps they still rejected it. "
Jan 3, 2017
Al joined Bryant Tutas's group
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SunTrust Mortgage

This group is for information, tips and solutions for Suntrust Mortgage short sales.See More
Jan 3, 2017
Brett Goldsmith replied to Al's discussion Nationstar PFS Preforeclosure sale in the group NationStar Mortgage
"Yes, the 84% tier is baked in the PFS program. If you have not made it to that tier yet in the PFS programs time frames, the servicer would need to submit a variance to allow you into a lower tier now."
Jun 14, 2016
Al replied to Al's discussion Nationstar PFS Preforeclosure sale in the group NationStar Mortgage
"Thank You for your super fast reply. 84% worked well because all the past due hoa and condo fees would be covered with the offer we have. Do you think its possible to drop to 84%?"
Jun 14, 2016
Brett Goldsmith replied to Al's discussion Nationstar PFS Preforeclosure sale in the group NationStar Mortgage
"Hey Al! What exactly is the problem you are having? Per FHA guidelines 84% is the bottom tier of the pre foreclosure sale program. Doesn't that make things easier than hitting the 88% NET? Keep in mind that if you drop below 88% they likely…"
Jun 14, 2016
Al added a discussion to the group NationStar Mortgage
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Nationstar PFS Preforeclosure sale

I have an FHA short sale with nationstar received an ATP recently. The negotiator told me we need to net 84% of appraised value now the ATP stated it needs to net atleast 88%. Also the owner notified me there is a foreclosure sale date set. Even though  the ATP states we have till end of October 2016 to submit an offer. I have previously done FHA short Sales but never had any problems like this?See More
Jun 14, 2016
Al joined Suzanne McLaughlin's group
Jun 14, 2016
Al is now a member of Short Sale Superstars
Jun 14, 2016

Profile Information

First Name
Al
Last Name
Pour
Are you a...
Agent
State
VA
City
NOVA

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