I have been working a short sale with TD Bank for 3 months and we have a market value cash offer. Seller filed BK, house included and has moved out. Appraisal was completed 6/15 and we are still…Continue
"Great discussion! I am really glad to have a group that is consistently sharing updated information. I look forward to gleaning and contributing here with other shortsale professionals. Timely, spot-on topics here - Thanks!"
"Yes, they do HAFA outside of Equator. But I do have two way documentation somewhat. I have her secure emails which I downloaded and saved as pdf files. I also have my emails to her that show me following up and her not replying until I cc'd her…"
"Hi Angela, I'd try escalating with HAMP directly. Forget Wells. I've had this same thing happen on HAFA files before as well and with HAMP's help, was able to get the bank to open the file back up and process it like they…"
First off let me say that I just took a short sale listing over from an agent on 10/8 who told the seller they have to contact and negotiate with Wells Fargo themselves.. lol really??When I took over seller was already in HAFA review and had a processor assigned- Marcia Tate. I hardly ever was able to get any resposne from her so I had to communicate with customer service on a 2x weekly basis to check for updates and if anything was needed and was not informed of anything that was needed until…See More
"Update: we were told seller had to go through HAMP first and then would be eligible to apply for HAFA. Seller was denied HAMP prior to listing the property with me. I informed the rep and was told then yes they could apply for HAFA. We submitted all…"
I have been working a short sale with TD Bank for 3 months and we have a market value cash offer. Seller filed BK, house included and has moved out. Appraisal was completed 6/15 and we are still waiting to be assigned in loss mitigation to a negotiator. When I call, they tell me- no updates available and the only person that can discuss value is a negotiator. They said there is no timeframe available either! I can't get anywhere with them or find any contacts online. Sellers insurance is…See More
"Hah! I have one that went through the same thing. we had an offer for $309,000 and the BofA coop rep told me to list it at $286,200... but this was just recently set up in the coop program and is moving along smoothly so far
I have 2 others…"
I am listing a new short sale this week and it looks like the loan was assigned to PHH in October 2011. The sellers would like to go HAFA. Looking for the short sale package, do sellers still need to go to the mortgage services website to get this or can it be found elsewhere? The short sale package on this site looks outdated... well the 4506t is anyway.See More
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