Alex Krumm
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Alex Krumm's Discussions

Mortgage Debt Relief Act and Abandoned Homes

Started this discussion. Last reply by Patricia Mealy Jan 6, 2013. 15 Replies

Hi, Stars -First off, I understand that it's likely that none of us are CPAs or are qualified to give tax advice; that said, I have a potential seller who abandoned her primary residence perhaps a…Continue

Cash Contribution To MI Company For HAFA Approval?

Started this discussion. Last reply by Mike Rizzo Nov 11, 2012. 7 Replies

Good morning!We received an offer from the lender today that approves my seller for HAFA provided that she pay $2,200 outside of closing to the mortgage insurance company.  The catch is that the…Continue

BOA co-op sale with imminent sale date

Started this discussion. Last reply by Drew Ludlow Jul 12, 2012. 2 Replies

I have some customers who are extremely delinquent and BOA approached them to do a co-op short sale; they immediately called me to get started and we have an executed listing agreement BUT we haven't…Continue

AHMSI / Power Short

Started this discussion. Last reply by Sharon Tukay Aug 17, 2012. 3 Replies

Hi, guys - I've been working a short sale with AHMSI and was just notified that they're using a company called Power Short to process their file and they're getting part of the commission.  I'm…Continue

 

Alex Krumm's Page

Latest Activity

Alex Krumm commented on James ferebee jr's group OCWEN
"If they'll accept digital signatures then the location difference isn't a big deal."
Apr 30, 2013
Alex Krumm commented on James ferebee jr's group OCWEN
"Hi, Phil - that's totally normal and most big banks are requiring something similar these days.  Many banks make the parties sign it multiple times (before the approval, again at closing, etc.).  It's a fraud reduction measure so…"
Apr 30, 2013
Alex Krumm replied to Sabrina Teplin's discussion Dignified Transition Services - DTS
"I've done many deals with DTS and they're very good to work with.  I've just started my first cooperative sale through their initiated leads and within 48 hours of my customer's application they've already ordered the…"
Mar 17, 2013
Alex Krumm commented on Wendy Rulnick's group Bank of America Short Sales
"Hi, Gregory - BOA short sales regularly take longer than 60 days through no fault of the seller, buyer, Realtors, or negotiating attorneys.  Regardless of their stated timeframes BOA will push short sales out much longer at their sole…"
Mar 15, 2013
Alex Krumm commented on Wendy Rulnick's group Bank of America Short Sales
"Hi, guys - having difficulty with a short sale I've been working since November 2011 for a file backed by Bank of America National Association (serviced by Ocwen).  Does anyone have contact info for escalating to BANA?  Would the…"
Feb 21, 2013
Alex Krumm joined Wendy Rulnick's group
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Aurora Loan Services

Discussions and info on Aurora Loan Services short sales.See More
Feb 19, 2013
Alex Krumm liked Bryant Tutas's discussion FROM NAR: GSE Short Sale Valuation Problems
Feb 19, 2013
Alex Krumm commented on Bryant Tutas's group DTA Solutions
"I'm having a heck of a time with getting an approval on a 2nd with DTA; they were the servicer when the loan was with Aurora, and when Aurora went under they stopped cooperating and won't tell us the investor. We have an approved 1st…"
Feb 19, 2013
Alex Krumm joined Bryant Tutas's group
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DTA Solutions

Short Sale information for DTA Solutions LLCSee More
Feb 19, 2013
Alex Krumm liked Bryant Tutas's group DTA Solutions
Feb 19, 2013
Alex Krumm replied to Jack Barry's discussion seller participation on freddie owned loan in the group Wells Fargo Short Sales
"Hi, Jack - can you supply more info? Are there just two liens?  Have you received payoff agreements for both loans in the past?  If so, are you still within the closing timeframe for both letters? Is this a primary residence or…"
Jan 22, 2013
Patricia Mealy replied to Alex Krumm's discussion Mortgage Debt Relief Act and Abandoned Homes
"I have sold vacant home and this did not effect the tax consequences for the seller. I live in Arizona which is a Deed of Trust state. I don't think this matter as it is a national tax. Like you state I am not a tax advisor."
Jan 6, 2013
Sharon L. Ellsworth liked Alex Krumm's discussion Mortgage Debt Relief Act and Abandoned Homes
Jan 6, 2013
Tara Samney replied to Alex Krumm's discussion Mortgage Debt Relief Act and Abandoned Homes
"Susan, Since you are buying another home now it could hurt you.  You would have to show valid hardship (and supporting financials) at time of short sale review (and likely again when offer presented) to support the case for a short sale. You…"
Jan 6, 2013
David Richardson replied to Alex Krumm's discussion Mortgage Debt Relief Act and Abandoned Homes
"Read IRS Pubication 4681 Debt Cancellation.  It may help your client without thr MDRA.  A CPA told me she uses this as her primary debt relief."
Jan 6, 2013
Wayne Brooks replied to Alex Krumm's discussion Mortgage Debt Relief Act and Abandoned Homes
"Definitely talk to a CPA, but it seems that since it WAS your primary home at the time you financed it, it would qualify, as long as you don't turn the whole property into a rental.  Renting part of it seems to make it trickier."
Jan 4, 2013

Profile Information

First Name
Alex
Last Name
Krumm
State
Sarasota
City
Florida

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