Bill Garrett
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Bill Garrett's Discussions


Started this discussion. Last reply by Ben Benita Oct 9. 2 Replies

Any guidance on working with Quicken on a short sale? Forms and docs needed? Contact info? Thanks.Continue


Started Apr 10, 2017 0 Replies

Looking for a tax professional who has experience with the application of Mortgage Debt Relief Act.  I have a very large short sale.  The contract was signed in 2016, hence the Act still applies. I…Continue

TRID & The Short Sale Settlement: Who's Doing What, When??

Started this discussion. Last reply by Vikki Lucas Dec 7, 2015. 5 Replies

As we move forward into this unknown TRID world, I know I would welcome any info about what you folks are discovering about this TRID stuff.   Pooling our experiences should help with the learning…Continue


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Bill Garrett joined Bryant Tutas's group

Ginnie Mae

Ginnie Mae is not an investor. They do not own loans. They do however guarantee securities that have been sold that are insured or backed by FHA, VA and USDA.See More
Minna Reid replied to Bill Garrett's discussion QUICKEN
"The paperwork depends on the investor. Quicken will supply the proper packet. Quicken is usually a breeze to work with, though lately they have slowed down some. "
Sep 12
Bill Garrett replied to Allan Robinson's discussion VA Minimum Net is 84.05% in the group VA Compromise Sales
"Is the VA minimum net still 84.05%?   Thanks"
Sep 11
Bill Garrett posted a discussion


Any guidance on working with Quicken on a short sale? Forms and docs needed? Contact info? Thanks.See More
Aug 15
Bill Garrett joined Brett Goldsmith's group
Apr 16
Bill Garrett joined Robert Martin's group

Fay Servicing

Customer Service 800-495-7166Short Sale Fax No. 312-509-4794Fay Servicing RMA and 3rd Party ApplicationSee More
Apr 11

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Bill Garrett's Blog

Incarcerated Seller

Posted on January 26, 2011 at 7:25am 3 Comments

I have a short sale selling homeowner who finds himself an involuntary guest of the state.  Looks like he may be there for the foreseeable future, likely to be years not months.  He has a conventional FNMA mortgage (and a second mortgage), both with First Franklin.


I anticipate and can handle the logistic complications of getting docs signed, etc. but wonder if anyone has had a similar experience with a locked up-seller.  What, if any, impact would that key fact have on the…


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