Frank Biganski
  • Male
  • Newport News, VA
  • United States
  • Virginia
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Frank Biganski's Discussions

FHA Short Sale of Primary Residence but Owns a Lot

Started this discussion. Last reply by Bryant Tutas Jul 8, 2016. 1 Reply

Hey folks,I have a potential FHA short sale where the borrower(s) qualify for the FHA preforeclosure sale... the wife has been out of work for years now, income reduced, upside down in their…Continue

FHA to Pay $4,500 to 2nd but Needs HUD to Reflect What Happens to $2k Balance?

Started this discussion. Last reply by Frank Biganski Jan 17, 2016. 5 Replies

Hello all,This is a new one on me.  Nationstar provided the FHA ATP letter, and I just received the "letter of offer acceptance" a few days ago.I provided the payoff statement for second mortgage to…Continue

HUD FORMS OUT TODAY OCT 3 - NEW CLOSING DISCLOSURE STARTS OCT 6

Started this discussion. Last reply by Neil L. Jan 19, 2016. 2 Replies

Does anyone know where we can get a fillable PDF of these new forms that need to be used starting Monday October 6, 2015. NationStar was nice enough to email send out an email with instructions, but…Continue

VA Short Sale That's NOT Arm's Length?

Started this discussion. Last reply by Brian Avery Mar 30, 2015. 4 Replies

Has anyone ever seen a lender agree to a short sale where the buyer is related to the seller.The Purchase Agreement states the buyer is going to live in the property as their primary residence, and…Continue

 

Frank Biganski's Page

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First Name
Frank
Last Name
Biganski
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Agent
State
Virginia
City
Newport News

Frank Biganski's Blog

VA Compromise Sale with Junior Lien Converted to Personal Loan, but...

Posted on June 23, 2015 at 2:34pm 3 Comments

Hello all,



I have a VA short sale, Wells Fargo first lien holder and CitiFinancial holding second.  Wells Fargo already appraised the property, so I know the minimum net amount Wells wants to receive at closing.



In order for Citi to release the second, Citi wants the seller to pay $1,000 "good faith deposit" at…

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