Dottie Klein
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NEED HELP GMAC ASKED FOR PRICE INCREASE AND NOW IS REFUSING TO ACCEPT IT

Started this discussion. Last reply by Bryant Tutas Feb 22, 2012. 1 Reply

I had property listed with no offers and when GMAC asked why there had been no offers I sent them a CMA report showing value being lower then list price.  They gave written advise for pricing, we…Continue

First Mutual Bank UC3 filing

Started Jan 26, 2011 0 Replies

We have requested cooperation from First Mutual Bank under HAFA guidelines concerning their UC3 filing which is in 3rd position.  They have responded that First Mutual holds a perfected security…Continue

 

Dottie Klein's Page

Latest Activity

Bryant Tutas replied to Dottie Klein's discussion NEED HELP GMAC ASKED FOR PRICE INCREASE AND NOW IS REFUSING TO ACCEPT IT
"Did they give you a reason why they are denying the short sale?"
Feb 22, 2012
Dottie Klein posted a discussion

NEED HELP GMAC ASKED FOR PRICE INCREASE AND NOW IS REFUSING TO ACCEPT IT

I had property listed with no offers and when GMAC asked why there had been no offers I sent them a CMA report showing value being lower then list price.  They gave written advise for pricing, we reduced list price accordingly and received an offer which we submitted for short sale approval.  GMAC submitted the offer to their investor and MI company and they both rejected asking for $25,000.00 more in sales price.  They obtained a BPO from an out of area agent not familiar with this area.  The…See More
Feb 21, 2012
Michael Hayley left a comment for Dottie Klein
"Sorry, I didn't notice your friend request until now. "
Jan 6, 2012
Michael Hayley replied to Dottie Klein's discussion Short Sale declined by Mortgage Ins co in the group GMAC
"I assume it was declined because seller's financials were too good? Suggest you offer a note payable, 15 years, 0 interest at a principal balance that is a reasonable percentage of the MI-co's loss. "
Dec 15, 2011
Dottie Klein added a discussion to the group GMAC
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Short Sale declined by Mortgage Ins co

Short sale with GMAC was expected to be approved after multiple counters and received notice today that it was declined by the Mortgage Insurance provider due to the Seller's financials.  Is there anyway to turn this around?See More
Dec 14, 2011
Dottie Klein joined Wendy Rulnick's group
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GMAC

This group is for information, tips and solutions for GMAC short sales.See More
Dec 14, 2011
Dottie Klein commented on Richard Zaretsky's blog post BACK TO BASICS - A PRIMER REVISED AND REVISITED
"Richard, Does a reverse mortgage HECM fall under the guide lines of HAFA?"
Jun 16, 2011
Dottie Klein posted a discussion

First Mutual Bank UC3 filing

We have requested cooperation from First Mutual Bank under HAFA guidelines concerning their UC3 filing which is in 3rd position.  They have responded that First Mutual holds a perfected security interest in its collateral (windows).  Should the home be foreclosed, that security interest will survive, and the new owner can either surrender the collateral, or make arrangemetns to pay for it. Does anyone have UC3 guidelines that they will share?See More
Jan 26, 2011
Dottie Klein posted a blog post

First Mutual Bank UC3 filing

Dealing with both a 1st and 2nd approved under HAFA guide lines however there is a UC3 filing for new window installation financed thru First Mutual Bank and secured by a UC3.  They have refused to cooperate with HAFA guidelines and want full satisfaction of their lien either by the Seller or the Buyer.  Looking for UC3 guide lines.
Jan 26, 2011
Dottie Klein is now a member of Short Sale Superstars
Sep 11, 2010

Profile Information

First Name
Dottie
Last Name
Klein
State
California
City
Wildomar
My Profile
35 plus years in the escrow industry, familiar with IRS, UCC, BK's, Judgements and short sales in general.

Dottie Klein's Blog

First Mutual Bank UC3 filing

Posted on January 26, 2011 at 10:00am 0 Comments

Dealing with both a 1st and 2nd approved under HAFA guide lines however there is a UC3 filing for new window installation financed thru First Mutual Bank and secured by a UC3.  They have refused to cooperate with HAFA guidelines and want full satisfaction of their lien either by the Seller or the Buyer.  Looking for UC3 guide lines.

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At 8:43am on January 6, 2012, Michael Hayley said…

Sorry, I didn't notice your friend request until now. 

 
 
 

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