Dave Halpern
  • Male
  • Louisville, KY
  • United States
  • Louisville
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Latest Activity

Mary Wilcox replied to Dave Halpern's discussion BOA and HAFA? in the group Equator
" does anyone have the fax number to HAFA? I use to do these regularly but this is my first HAFA (BofA file) I've done in forever. I looked thru the SSS  web & can't find it! I need to submit this short sale…"
Jan 28, 2015
TOP END Properties replied to Dave Halpern's discussion BOA and HAFA? in the group Equator
"I have gotten the Waiver of Deficiency in all 3 of the BOA Short Sale Programs .. so yes it can be done.  However, if the borrow has money .. they may be less willing."
Jan 11, 2013
Gary Dunham replied to Dave Halpern's discussion 5th 3rd prefers ZERO dollars over $4,500 now. Any suggestions? in the group Fifth Third Bank
"Working with 5th 3rd Bank on releasing  second or heloc is a sincere waste of time, especially with the new Hafa rules as of 11/01/2012. Have never worked with a more ridiculous group in my life. As a former banker who was well known for…"
Dec 16, 2012
Paola Martinsen replied to Dave Halpern's discussion BOA and HAFA? in the group Equator
"Hello! Does anybody know the current amount that HAFA allows towards a second mortgage?"
Nov 26, 2012
Dave Halpern replied to Jerri Schick's discussion Title Company Won't Sign Shortsale Affidavit
"It is not the fault of the title companies. Wells Fargo is taking an overly strict approach to language in the arms length affadavit.Freddie Mac and others have already softened the language to limit th eliability of all parties to their individual…"
Apr 26, 2012
Dave Halpern joined Jeff Payne's group
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Saxon Mortgage

Phone 1-888-325-3502 Fax 817-852-2844 [email protected] Normal short sale package PLUS form 4056T request for tax returnsSee More
Feb 2, 2012
Anna Boyd replied to Dave Halpern's discussion Finally - something good to say about Greentree in the group Green Tree Servicing
"I called the corporate number and the operator refused to give me a phone number or a name.  All she was willing to do was put me through to that mystical department who is think is in Tempe, AZ, but their offices were closed........   On…"
Aug 12, 2011
Adela Picar replied to Dave Halpern's discussion Finally - something good to say about Greentree in the group Green Tree Servicing
"Thank you Ben! This is great! GreenTree is asking 30% on 36,000.00! Ridiculous !!"
Aug 1, 2011
Kimberley Kelly commented on Dave Halpern's blog post 5th 3rd prefers ZERO dollars over $4,500 now. Any suggestions?
"Good suggestion Jeff.  Are you in California?"
Jul 18, 2011
Dave Halpern added a discussion to the group Fifth Third Bank
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5th 3rd prefers ZERO dollars over $4,500 now. Any suggestions?

My client is doing a short sale on an investment property. Sales price is $175,000. The first mortgage, Citi, Is taking a short sale and allocating $4,500 towards the second mortgage which is 5th 3rd.5th 3rd wants the entire remaining balance of $40,000 to be repaid by the seller. 5th 3rd wants the seller’s current 2nd mortgage on the investment property to be transferred as a third mortgage on the seller’s personal residence. The seller may have maximum $5,000 to $10,000 equity in their…See More
Jul 15, 2011
Dave Halpern replied to Trina's discussion Lisa I am in the SAME BOAT as you .... they want to be made 100% WHOLE??? in the group Fifth Third Bank
"Hello Everyone, I have a similar situation, I guess 5th 3rd has a pattern here. 5th 3rd wants it all, and insists on the seller encumbering his personal residence up to 140% LTV by transferring the deficiency from the short sale house to his…"
Jul 15, 2011
Dave Halpern joined Bryant Tutas's group
Jul 15, 2011
Jeff Payne commented on Dave Halpern's blog post 5th 3rd prefers ZERO dollars over $4,500 now. Any suggestions?
"Will fifth third give your second mortgage on their primary residence at 140% LTV?  Interesting. Tell them to take over a second on his home and finance the money in question, see if they will do it?"
Jul 15, 2011
Dave Halpern posted a blog post

5th 3rd prefers ZERO dollars over $4,500 now. Any suggestions?

My client is doing a short sale on an investment property. Sales price is $175,000. The first mortgage, Citi, Is taking a short sale and allocating $4,500 towards the second mortgage which is 5th 3rd.5th 3rd wants the entire remaining balance of $40,000 to be repaid by the seller. 5th 3rd wants the seller’s current 2nd mortgage on the investment property to be transferred as a third mortgage on the seller’s personal residence. The seller may have maximum $5,000 to $10,000 equity in their…See More
Jul 15, 2011
Dave Halpern replied to Todd J Sullivan J.D.'s discussion FTC MARS: NAR's LETTER REQUESTING EXEMPTION FROM THE RULE AND THEIR RESPONSE WHEN QUESTIONED
"Tens of thousands of practicing short sale Realtors woke up one morning in non-compliance with the new rule.   I keep thinking that surely by now the NAR would have published guidelines or an approved version of disclosures. It must be out…"
Apr 10, 2011
Michael Schneider replied to Dave Halpern's discussion HAFA not paying the $3,000 Incentive. Am I doing something wrong? in the group HAFA - Home Affordable Foreclosure Alternative
"Are you sure these are really approved under one of the HAFA programs? It is possible that the secondary lien holder rejected participation in HAFA, so the 1st actually approved the file outside of HAFA, but approved on terms similar…"
Mar 11, 2011

Profile Information

First Name
Dave
Last Name
Halpern
State
Louisville
City
KY
My Profile
Louisville Short Sale Expert. I help homeowners avoid foreclosure by negotiating with their lender to accept an amount short of their payoff.

Dave Halpern's Blog

5th 3rd prefers ZERO dollars over $4,500 now. Any suggestions?

Posted on July 15, 2011 at 2:30pm 2 Comments

My client is doing a short sale on an investment property. Sales price is $175,000. The first mortgage, Citi, Is taking a short sale and allocating $4,500 towards the second mortgage which is 5th 3rd.

5th 3rd wants the entire remaining balance of $40,000 to be repaid by the seller. 5th 3rd wants the seller’s current 2nd mortgage on the investment property to be transferred as a third mortgage on the seller’s personal residence. The seller may have maximum…

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