Fred Bauscus
  • Washington
Share on Facebook
Share

Fred Bauscus's Friends

  • Pattilynn Guilford
 

Fred Bauscus's Page

Latest Activity

Fred Bauscus joined Chad Stewart's group
Thumbnail

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
Oct 13, 2016
Fred Bauscus commented on Wendy Rulnick's group Green Tree / Ditech
"Luther, a divorce is a sufficient reason for a short sale, regardless of income.  Has that fact been included with the hardship letter and a copy of the decree submitted?"
Aug 3, 2016
Fred Bauscus added a discussion to the group Fannie Mae
Thumbnail

Fannie Mae & predatory loans

I'm looking for help/suggestions dealing with Fannie on a predatory loan. The borrowers took out an 80/20 back in the day and both notes are interest only ARMs & they've been paying on them for 9+ years.Because their credit isn't bad, Fannie is requesting a 10yr prom note for 17% of the loan balance.  I've been scouring the servicing guidelines and can't find anything about crappy loans like this other than they may have been eligible for HARP at some point.Any suggestions on how to fight…See More
Jun 30, 2016
Fred Bauscus commented on Jeff Payne's group US Bank
"I've just given them 1234.  They don't check it against anything."
Apr 7, 2016
Fred Bauscus commented on Jim Schneider's group Freddie Mac
"Just tried to call 800-FREDDIE to escalate an issue w/ the servicer.  Received a message that the call center is closed from 12:30-1:30 for lunch. What a customer service fail.  Does anyone have a back door number they could share?"
Dec 3, 2014
Fred Bauscus replied to Andreia Dasilva's discussion Please help me with a Fannie Appraisal Value Issue in the group Fannie Mae
"As far as equator is concerned, just re-initiate the short sale.  Unfortunately you will have to start from scratch on that end.  Hopefully you'll sail through the early steps as your docs were previously approved.Kevin's…"
Jul 16, 2014
Fred Bauscus commented on Suzanne McLaughlin's group NationStar Mortgage
"Has anyone experienced anything fishy with the end of auctions on auction.com? I'm currently watching one of my listings that was supposed to be finished 45 minutes ago.  Each time there is a bid, the clock is resetting to 1:47 and when it…"
Jun 4, 2014
Fred Bauscus replied to Debbie Heaton's discussion Nationstar New Policy all Private Investor Own Loans are required to use AUCTION.com in the group NationStar Mortgage
"Debbie, most of the time you can find out who the investor is on this site.  https://www.mers-servicerid.org/sis/index.jsp"
Feb 12, 2014
Fred Bauscus replied to Staci's discussion BAC Declined short sale because it failed Quality Review: Could not validate critical terms and/or conditions valid to support the offer. in the group Bank of America Short Sales
"Have you called the Short Sale escalations?  866-880-1232 option 5.  They can take a look and hopefully provide some additional details.  They can apply pressure to the owner of the file to call you and escalate at the same…"
Feb 7, 2014
Fred Bauscus replied to Maria Strong's discussion 2nd denial based on value - Wells Fargo FHA in the group FHA - HUD Short Sales
"Maria, based on what you've said, I don't think this is a HUD\FHA loan.  It sounds more like Fannie Mae.  Knowing which investor you're dealing with is one of the key first steps.   call Wells and ask them or look it up…"
Feb 7, 2014
Fred Bauscus replied to Andy Parker's discussion FHA Short Sale Declined - in the group FHA - HUD Short Sales
"Andy, always question anything a servicer says.  Its in their best interest to keep this mortgage going.  Ask why she was turned down & challenge it.  Find out your client's FHA case number, send a 3rd party auth to…"
Feb 6, 2014
Fred Bauscus replied to Marilyn D'Angelo's discussion Can Green tree garnish pay in the group Green Tree Servicing
"Marilyn, provide the negotiator with a copy of the approval letter or evidence that the first is owned by a GSE.  If they balk, escalate. Don't settle for anything outside of what the first will pay.  They will try all kinds of tricks…"
Feb 5, 2014
Fred Bauscus replied to Andy Parker's discussion FHA Short Sale Declined - in the group FHA - HUD Short Sales
"Andy,  a few questions\ideas to try to give you some direction 1. when did you start the process?  If it was prior to 10/1/13 they may have used the old guidelines. In which case, try again! 2.  How far away did she move?  Might…"
Feb 5, 2014
Fred Bauscus replied to Safinaz baksh's discussion Nation Star stating it is Mandatory for a NY seller to sign Auction.com agreement in the group NationStar Mortgage
"Go to the investor directly and file a complaint.  I would also file a complaint with the Consumer Finance Protection Bureau and the state AG office.  And make sure that Nationstar is aware that you are taking this steps."
Jan 31, 2014
Fred Bauscus replied to Kathleen Sheridan's discussion POF for BofA Short Sale in the group Bank of America Short Sales
"Any time you feel like you're getting the run around or an unreasonable request, escalate it.  866-880-1232, option 5.  A signed letter from the bank stating the buyer has the funds to close should be sufficient."
Jan 27, 2014
Fred Bauscus commented on Bryant Tutas's group Fannie Mae
"After a 10 month struggle including 3 appraisals, 2 BPO's and three value disputes I was finally able to get Fannie Mae to reduce their perceived value to the point that they accepted the offer on the table without a seller contribution.I just…"
Jan 23, 2014

Profile Information

First Name
Fred
Last Name
Bauscus
Are you a...
Agent
State
Washington
City
Bothell
My Profile
I'm the designated Short Sale Specialist for Pickett Street Properties (http://www.pickettstreet.com). We are a high producing team at Keller Williams Realty Bothell serving King and Snohomish counties in Western Washington. This area includes Seattle, Bellevue and Everett. We are a full service real estate team that assists sellers with short sale and traditional listings, buyers, investors and foreclosures.

Comment Wall

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

  • No comments yet!
 
 
 

Members

Badge

Loading…

© 2017   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************