Alfred R Wetzel
  • Male
  • Port Saint Lucie, FL
  • United States
  • FL
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The Government is awake !!!!

Started Sep 17, 2015 0 Replies

Recently uploaded initial documents for Short Sale on HomePath for property with FNMA as ultimate lender. Two weeks later, nothing. I filed a request for escalation to get BPO. SHOCKING!! I got a…Continue

Fnma requirement re deficiency judgement

Started this discussion. Last reply by Smitty May 27, 2015. 6 Replies

The Govt. requires the secondary lender to provide a waiver to pursue a deficiency judgment against the borrower. The secondary lender, Citi Mortgage, refuses to agree. Any one find a way around this…Continue

M & T Bank

Started this discussion. Last reply by Brett Goldsmith Oct 10, 2014. 1 Reply

Any one know if M & T engages a bidding site (Ocwen etc) and do they use Equator?ThanksContinue

Ocwen/Hubzu

Started this discussion. Last reply by Alfred R Wetzel May 16, 2014. 6 Replies

Since the listing agent's agreement with the auction agent has an expiration date tied to the listing agreement expiration date, it seems to me that the shorter the listing agreement the less…Continue

 

Alfred R Wetzel's Page

Profile Information

First Name
Alfred
Last Name
Wetzel
Are you a...
Agent
State
FL
City
STUART
My Profile
Sales agent with Palm Realty of Port St Lucie, Port St Lucie FL for 10 years. Firm provides general residential R/E services and specializes in Property Management.

Alfred R Wetzel's Blog

PHH Mortgage CitiMortgage

Posted on April 24, 2015 at 5:22am 0 Comments

1st mortgagee, PHH is requiring Citi, 2nd Mortgagee to provide Deficiency Waiver. PHH is giving defiency waiver. Borrower is investor recently discharged from bankruptcy. Citi, who is getting the usual $6,000 says no.

Since PHH is not giving waiver out of the goodness of their heart I'm assuming the borrower bankruptcy is the reason. If so anybody have an opinion why Citi is unwilling?

Anither OCWEN Nightmare

Posted on June 2, 2014 at 6:22am 1 Comment

We recently had a listing agreement for a home, sold it , got approval for the price. Ocwen refused to approve the transaction and forced us to list it through them, on their auction site with an reserve price equal to the contract sales price $150,000. Any bidder is charged a transaction fee and a percentage 1.5% over the successful bid . The origional contract buyer…
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