Alexis Adams
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Alexis Adams's Discussions

SLS - Yikes!!!

Started this discussion. Last reply by Wayne Brooks Feb 11, 2014. 2 Replies

I see a lot of discussions about SLS and people requesting management contact info, etc. but I can't seem to find any escalation contacts.I am working on a 1st with SLS and our appraisal just…Continue

Insufficient payoff from refinance - 2 lenders fighting over 1st lien position

Started this discussion. Last reply by Darrel May 19, 2015. 11 Replies

I am at the point where 2 lenders are fighting over 1st lien position. To my knowledge when the short sale process began, we had a 1st and 2nd with Bank of America and a 3rd HELOC with Citizens. Upon…Continue

CitiMortgage FHA Short Sales

Started this discussion. Last reply by Ron Scribner Jul 19, 2013. 4 Replies

What is going on with these lenders?! I had 6 different CitiMortgage team leaders tell me that they are unable to review a homeowner for their ATP because there is no offer on the property (even…Continue

 

Alexis Adams's Page

Latest Activity

Darrel replied to Alexis Adams's discussion Insufficient payoff from refinance - 2 lenders fighting over 1st lien position
"So did BofA effectively wipe themselves out by foreclosing from second position? BofA purchased property at auction so are they now sitting on a property they can't sale, because if they do sale all the proceeds go to the first (the amount due…"
May 19, 2015
Darrel replied to Alexis Adams's discussion Insufficient payoff from refinance - 2 lenders fighting over 1st lien position
"What was the resolution to this situation? I have a similar issues involving BofA/Countywide being second instead of first as well. "
May 10, 2015
Alexis Adams replied to Jason Sanseverino's discussion HAFA SHORT SALE (SPS IS 2ND) demaning $12000 (which is 75% of UPP) in the group SPS Select Portfolio Servicing, inc
"Yes, you are. I think there are some negotiators who are unfamiliar with the new changes. I actually had a 1st (WF) come back to me yesterday stating that they wouldn't pay the 12k to the 2nd. Once I walked her through the recent changes, I…"
Mar 30, 2015
Alexis Adams replied to Jason Sanseverino's discussion HAFA SHORT SALE (SPS IS 2ND) demaning $12000 (which is 75% of UPP) in the group SPS Select Portfolio Servicing, inc
"SLS seems to be a little slow out the gate. The new HAFA guidelines allow for $12,000 towards a 2nd lien or 10% (whichever is greater) (can anyone confirm?). That said, as long as the 12k is greater, SPS should be allowed that amount. I would go…"
Mar 30, 2015
Alexis Adams joined Mayra Espinosa CDPE, HAFA, SFR's group
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SPS Select Portfolio Servicing, inc

Loan Resolution Department Phone: Fax: 1-888-818-6032 1-801-293-3936 Loan Resolution Hours: Monday - Thursday 8:00am - 11:00pm EST Friday 8:00am - 9:00pm EST Saturday 8:00am - 1:00pm ESTSee More
Mar 30, 2015
Alexis Adams commented on Rosemary Brooks's group Res.Net (Short Sales Portal)
"Hi Neil: you can call and get a free account: 1-800-760-7036 (press 2 when auto system answers), let them know you are doing a short sale with Caliber Home Loans and you want a free account.  They get three pieces of information from you: 1)…"
Sep 25, 2014
Alexis Adams joined Rosemary Brooks's group
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Res.Net (Short Sales Portal)

Word is Res.net is working on a Short Sale portal ** COMING SOON. This group is established a flow of information on this new tool for Short Sales.See More
Sep 25, 2014
Alexis Adams commented on Wendy Rulnick's group VA Compromise Sales
"Here is the website to find out which Regional Loan Center to submit valuation disputes to: http://www.benefits.va.gov/homeloans/contact_rlc_info.asp"
Mar 27, 2014
Alexis Adams joined Wendy Rulnick's group
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VA Compromise Sales

Group devoted to discussions for Veterans Administration short sales, called Offers in Compromise, or VA Compromise Sales.See More
Mar 27, 2014
Alexis Adams replied to Theresa McDonald's discussion Best Way to escalate to Freddie Mac? in the group Freddie Mac
"What is the hardship? I If the servicer does not see the hardship, they will counter at full payoff. I would recommend calling the 1-800-FREDDIE and select option 2. "
Mar 24, 2014
Alexis Adams joined Jim Schneider's group
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Freddie Mac

Information on Freddie Mac, one of the largest mortgage investors in the world.See More
Mar 24, 2014
Alexis Adams replied to Tom H's discussion Mortgage insurer question
"Every situation is different but I have never had an issue obtaining approval from BofA as a 2nd lien holder with mortgage insurance. Since it is an equity account, the negotiator is likely working through BofA's equity department and they are…"
Feb 26, 2014
Alexis Adams replied to Ann Regnier's discussion Denial based on WHAT?
"Buyer's concern is extremely reasonable: I have found a resolution to a similar issue by telling WF that the subordinate lien will be taken care of prior to or at closing by the buyer (they might ask for a signed statement from buyer stating…"
Feb 26, 2014
Alexis Adams commented on Marcia Vollmer's blog post FHA short sale help
"Ugh, Midland Mortgage is the worst. Navy Federal seems to be reasonable but you are right: Navy Federal 2nds always want approval from the 1st. My suggestion is reaching out to the 2nd as high up as you can to try to get that approval letter. If you…"
Feb 26, 2014
Alexis Adams replied to Ann Regnier's discussion Denial based on WHAT?
"My experience with Freddie Mac and subordinate liens is that they will either pay $0 or $6000.00. I know. Absurd. Anyhow, If you tell WF that the $1500 will be taken care of prior to closing by the buyer or seller, they will move forward and issue…"
Feb 26, 2014
Wayne Brooks replied to Alexis Adams's discussion SLS - Yikes!!!
"Submit the value dispute with formal, legitimate repair estimates for non cosmetic repairs....then go from there."
Feb 11, 2014

Profile Information

First Name
Alexis
Last Name
Adams
Are you a...
3rd Party Negotiator
State
Massachusetts
City
Tewksbury
My Profile
The Loan Workout Group
Short Sale Specialist

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