Chad Gelsinger
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Chad Gelsinger's Page

Latest Activity

Chad Gelsinger commented on Stephanie Lim's group FHA - HUD Short Sales
"Jim, simply contact Novad (see contact info in guidelines above) to order a payoff. You will need a generic 3rd Party Authorization. Whatever the amount is, it will need to be paid in full. WF will apply for a variance with…"
Nov 30, 2016
Chad Gelsinger replied to Thomas Turner's discussion What areHUD/FHA allowable fees on seller side of HUD-1/Settlement statement in the group FHA - HUD Short Sales
"Happy Thanksgiving!!! Thomas, see attached list of "allowable" and "disallowable" costs. Hope this helps... Chad"
Nov 24, 2016
Chad Gelsinger commented on Stephanie Lim's group FHA - HUD Short Sales
"Jim, the HUD Partial Claim Loans are typically not an issue. Just send a 3rd Party Authorization, with FHA Case number and order a payoff. The Partial Claim will be paid in full from the sale proceeds. For the most part, it is a fairly…"
May 17, 2016
Chad Gelsinger replied to Guerry Clegg's discussion Special LOA? in the group BB&T Short Sales
"Guerry, they will accept a general LOA for 3rd Party Authorization..... Be sure to include the normal details: Name, account number, property address, and your contact info.  Chad"
May 9, 2016
Chad Gelsinger commented on Wendy Rulnick's group Wells Fargo Short Sales
"Kevin, typically the only times we can get the 84% approved is if there is an ATP. If there is an Active Foreclosure prior to the ATP, the minimum net proceeds needs to be 88%. Did you have a generic ATP or was it buyer specific? Who…"
May 4, 2016
Celeste ODea left a comment for Chad Gelsinger
"Thank you so much! I really appreciate it. "
Apr 7, 2016
Chad Gelsinger commented on Wendy Rulnick's group Wells Fargo Short Sales
"Dean, if the BPO and Appraisal are more than 10% apart, WF will have to go to HUD for them to determine the acceptable value. With WF, typically the acceptable sale price will be the appraised value. Sounds like WF can't give you the appraised…"
Apr 7, 2016
Chad Gelsinger commented on Jeff Payne's group US Bank
"I don't know if US Bank will check the validity of the EIN... Whichever one you use, just designate the name associated with the EIN.... They will confirm it as a "password" when you call. If you can't provide the correct number,…"
Apr 7, 2016
Chad Gelsinger commented on Jeff Payne's group US Bank
"Celeste, US Bank will take a generic 3rd Party Authorization, but will require the last 4 digits of your EIN MUST be typed on the authorization. IF they cannot easily see the EIN, they will refuse your 3rd Party. US Bank will ask for the EIN as…"
Apr 7, 2016
Chad Gelsinger replied to Frank J Helderle's discussion Active Military Denied Defiiency Release in the group Wells Fargo Short Sales
"Frank, VA does not include deficiency waiver language in their approval letters. They typically will not pursue the borrower, but do allow for the option if they find fraud or misrepresentation in the file. In all of the VA Approvals (somewhere…"
Dec 9, 2015
Chad Gelsinger replied to Frank J Helderle's discussion Active Military Denied Defiiency Release in the group Wells Fargo Short Sales
"It depends on the investor as to what the language will be in the approval letter. Do you know who the investor is? Chad"
Dec 2, 2015
Chad Gelsinger commented on Bryant Tutas's group USDA Rural Housing Loans
"USDA Direct Loans (where there is NO SERVICER) follows different rules and regulations. With a direct loan, we have never seen a waiver of deficiency when the approval letter is issued. Typically, about 90 days after the sale, USDA issues a demand…"
Nov 2, 2015
Chad Gelsinger commented on Jason Yacoub's group M&T Bank
"Neil, FHA does not require any deed restrictions at settlement. We have not had any M&T FHA files include a deed restriction. Chad. "
Jul 23, 2015
Chad Gelsinger joined Wendy Rulnick's group
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Help Me!

Post your Short Sale Problem. One of our Short Sale Superstars may have a solution!See More
Mar 16, 2015
Chad Gelsinger replied to Donna Gallegos's discussion Wells Fargo and Lien Issues in the group Wells Fargo Short Sales
"Donna, Wells Fargo has accepted notarized "Not Me" affidavits from our sellers in the past. IF you have a WF FHA file, they will require you can clear the additional liens BEFORE moving forward with the PreForeclosure Sale process. You…"
Mar 3, 2015
Chad Gelsinger joined Chad Stewart's group
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21st Mortgage

21st Mortgage Corporation  620 Market Street, Suite 100  Knoxville, TN 37902 They seem to be a very tough 2nd short sale lender.See More
Jan 13, 2015

Profile Information

First Name
Chad
Last Name
Gelsinger
Are you a...
3rd Party Negotiator
State
PA
City
Lemoyne
My Profile
Our title company, Complete Closing Services, has been helping Realtors navigate the Short Sale process for years now. We have created MYclosing to help Realtors and Homeowners with the ever changing Short Sale industry. We have built our business on Honesty, Integrity, and Dedication to our clients and will continue to do so well into the future.

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At 6:06pm on April 7, 2016, Celeste ODea said…

Thank you so much! I really appreciate it. 

 
 
 

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