Has anyone had success with Fannie including Code Enforcement Liens? (Especially when a Jr. Lien is also involved?) Have a property with huge $6k lien have been told Fannie Will not allow, does not…Continue
"I've seen this happen a few times. all dates need to be out 5 business days and a weekend. If you make the corrections will they accept the buyer or did they flag them?
I have just had a contract declined, as the "buyer's signature was dated prior to the 5 day GSE MLS requirement. The seller(borrower) executed the contract Day 5. Servicer is saying Buyer's signature must be at least 5 days also. The Florida sales Contact Sets and effective date (Freddie Loan). Freddie bulletin Does not mention "buyer"s date. .Any input?See More
"I was curious if anyone got this issue resolved. I left off sending all the info Fannie Guidelines, "expired" approval letter with $6k, etc. and a cover letter that the second was instrumenting a foreclosure. The short sale cannot happen…"
"You need to know who the investor is? As Wayne suggested. I always research who the "players" are. Then again, there is the Us Treasury Department to go to. If your State allows dual agency and most important your listing contract,…"
"I am having the similar situation, however with another servicer, (servicing both) 2nd is in recovery department,
First Fannie offered $6k, Second counter wants $20k, pointed out Requested an Override that first was Fannie that the max!…"
This is the actual amount, violation has been corrected. However still a lien. Here in St Lucie you can go before the magistrate if you pay the court costs aprx $380. I am familiar with procedures. With this being a short sale, the owners do…"
"Is that the face value, or a negotiated amount? Usually, in south Fl you can negotiate them out for 10-25%, but After correction, which usually means after the sale, by the buyer. Someone should be able to give you a "ball…"
Has anyone had success with Fannie including Code Enforcement Liens? (Especially when a Jr. Lien is also involved?) Have a property with huge $6k lien have been told Fannie Will not allow, does not pay this item, suggest structure as buyer needs to pay.I have stood on my head to explain this lien will not "go away" in foreclosure and continues to incurr intrest penalties.Any input from the tremendous knowledge on this site, would be appreciated! See More
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