Christina Waymreen
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Christina Waymreen's Discussions

PNC 2nd lien - anybody?

Started this discussion. Last reply by Christina Waymreen Aug 1, 2013. 4 Replies

First time with PNC as 2nd lien. I have tried googling to find any good discussions on this but most are at least a year or two old and not ending well. They are requesting a high amount to allow us…Continue

Freddie Mac short sale incentives gone

Started this discussion. Last reply by ElizabethWeintraub00697006LyonRE May 21, 2013. 8 Replies

I had a cooperative short sale with one of BOA's short sale departments in January 2013 and they offered $7000 for seller relocation incentive. For some reason (beyond me) the sellers decided to hold…Continue

Bank of America Buyer's Acknowledgement and Disclosure

Started this discussion. Last reply by Christina Waymreen Feb 28, 2013. 7 Replies

I just had this lovely cooperative short sale all set up with a cash buyer. Sent him the Bank of American buyer's disclosure when lo and behold buyer is an executive with Bank of America. What is the…Continue

 

Christina Waymreen's Page

Latest Activity

Christina Waymreen replied to Christina Waymreen's discussion First lien less than 2nd on home. in the group Wells Fargo Short Sales
"Got it. Thank you very much.  "
Jun 2, 2015
Julie Lyons replied to Christina Waymreen's discussion First lien less than 2nd on home. in the group Wells Fargo Short Sales
"You dont initiate the short sale with the first as they will be paid off from the proceeds of the purchase correct?  How much money will you have left over after you pay off the first lien, pay commissions, escrow fees?  Anything left over…"
Jun 2, 2015
Christina Waymreen replied to Christina Waymreen's discussion First lien less than 2nd on home. in the group Wells Fargo Short Sales
"So, what you think I should do is initiate the  short sale with the first lien even though they will be paid in full and have them set the conditions for the 2nd lien. This way the sale will go through without the 2nd lien requesting payment in…"
Jun 2, 2015
Julie Lyons replied to Christina Waymreen's discussion First lien less than 2nd on home. in the group Wells Fargo Short Sales
"The first lien will always prevail as they are in "first place."  The second lien/junior lien has no real power until the first lien makes a move, as they "sit second" to the first lien.   We are now at a point when we…"
Jun 2, 2015
Christina Waymreen replied to Christina Waymreen's discussion First lien less than 2nd on home. in the group Wells Fargo Short Sales
"Thanks...."
Jun 2, 2015
Christina Waymreen added a discussion to the group Wells Fargo Short Sales
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First lien less than 2nd on home.

Hello all.I have a short sale with a first lien around 45K and a second over 70K. Home can sell around 80K if that. Do I ignore the first lien and pay it off at closing and short sale the 2nd? Or have the first lien dictate the 2nd lien? Sellers need to move out of city for new job.See More
Jun 2, 2015
Christina Waymreen joined Wendy Rulnick's group
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Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)This group is for information, tips and solutions for Wells Fargo short sales.See More
Jun 2, 2015
Christina Waymreen commented on Wendy Rulnick's group Chase
"Many thanks!"
May 5, 2015
Christina Waymreen commented on Wendy Rulnick's group Chase
"Good morning all. I have been trying a full day to send an authorization letter to this number   NEW FAX March 2014 -  866-282-5682. It is not working anymore. Does anybody have a new number I can use?"
May 5, 2015
Christina Waymreen joined Wendy Rulnick's group
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Chase

Working with all divisions of Chase. Share tips, stories, reference info!This group is for information, tips and solutions for Chase short sales.See More
May 5, 2015
Christina Waymreen added a discussion to the group Fannie Mae
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Can I request the appraisal from Fannie Mae?

I have a high counter from Greentree for a fannie mae short sale. Is there anywhere in the fannie mae guidelines I can quote them and request the appraisal?See More
Apr 13, 2015
Christina Waymreen joined Bryant Tutas's group
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Fannie Mae

Information to assist with Fannie Mae Short SalesSee More
Apr 13, 2015
Christina Waymreen added a discussion to the group Green Tree Servicing
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Green Tree Short sale package

Is the Green Tree Short Sale Package you have on this site up-to-date?See More
Feb 3, 2015
Christina Waymreen joined Wendy Rulnick's group
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Green Tree Servicing

All about Green Tree short sales.See More
Feb 3, 2015
Christina Waymreen replied to Jen's discussion Law changing in January??
"Yes, I read this but it was not pertaining to short sales but Fannie Mae/Freddie Mac loans. In essence, if they foreclose on properties and find out the owner had sufficient funds to pay for the property they will go after the deficiency. It was…"
Nov 1, 2013
Christina Waymreen added a discussion to the group PHH Mortgage Solutions
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PHH deficiency waivers

Am in the middle of a short sale with PHH and just wanted to know if the approval letter comes with a deficiency waiver or do we have to negotiate (fight) this as well? I want to be prepared.See More
Sep 12, 2013

Profile Information

First Name
Christina
Last Name
Waymreen
Are you a...
3rd Party Negotiator
State
Florida
City
Orlando
My Profile
I am a realtor turned short sale negotiator.

Christina Waymreen's Blog

REDC Marketing Period -

Posted on April 15, 2013 at 7:52am 1 Comment

I am on hold waiting for REDC to explain to me what "marketing period" is. She claims it is the amount of time allowed by them to handle a short sale. I say it is the amount of time an active listing is allowed on the market before the cooperative short sale expires. IF  a purchase contract is not received within the marketing period of 90 or 120 days the coop short sale is declined. Otherwise the coop short sale must conclude to its end. 

A purchase offer was signed two weeks after…

Continue

BOA - REDC playing tricks?

Posted on April 9, 2013 at 9:29am 0 Comments

I have had a cooperative short sale since November. It was going smoothly except for the poor communication, We had a buyer within a week of listing. We accepted all their terms even though they put the blame on others of why the file was losing the race against the tortoise. Blah..blah..blah..Fannie Mae...blah..blah..blah..This month I get "3-4 days and sending approval" with the usual nonsense attached to it. 

Then BLAME. Quote: We have received…

Continue

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