Holly Jessop
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Holly Jessop's Discussions

B of A FHA loan gets SOLD to a new investor RBS Financial after ATP & they counter way high!

Started this discussion. Last reply by Kevin - Greenville, SC Aug 17, 2013. 8 Replies

I have run into a situation that I can't figure out how to fix. Any ideas or experience recently with this?I have been doing a B of A FHA short sale with the same offer for over 6 months. We knew…Continue

WHY IS FANNIE MAE COUNTERING WAY ABOUT BPO AMOUNT?

Started this discussion. Last reply by Lori Young Jun 23, 2015. 20 Replies

What is going on with FANNIE MAE? I have 2 deals right now where I know the BPO for the servicer came in at the offer price and FANNIE MAE countered $20K more on a $220K priced home with no…Continue

VA not responding to Chase

Started this discussion. Last reply by Holly Jessop May 15, 2013. 5 Replies

Chase picked up a loan the first week of March from Met Life. We turned in a full package the first week of March as soon as Chase assigned a loan number to the loan. A foreclosure sale date was…Continue

 

Holly Jessop's Page

Profile Information

First Name
Holly
Last Name
Jessop
Are you a...
Agent
State
Utah
City
Layton
My Profile
22 years as a realtor in California and Utah
10 years doing 100's of short sales
#1 Re/Max Team in Utah, Top 50 in US, Top 100 in World

Holly Jessop's Blog

Do " Special Personal Representatives" for a Deceased Person's Estate have to provide their personal financial information?

Posted on December 12, 2013 at 12:51pm 4 Comments

I have a short sale for a deceased single person with no significant other who passed away. The estate with no positive assets and actually a lot of debt, including $20K in child support, was left to his 2 kids. (He has been divorced for at least 10 years). A person (not ex wife) with no financial interest in the property and who did not inherit anything (except a headache) is handling the estate as the "Special Personal Representative". This person is married and doesn't even live in the…

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BANK OF AMERICA FHA PROCESS

Posted on October 1, 2013 at 2:33pm 2 Comments

I am frustrated with the lack of consistency and organization at the loan modification dept that you have to go through before you can go to the short sale dept. Can anyone out there get that dept straightened out?

My average time in that dept is about 5 months, with one still stuck in there after over 6 months and they already had gone through the loan mod process before we listed it. One assigned representative says that if they are approved for a loan mod even if it isn't an amount…

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WHERE DO I GO TO FILE A VALUE DISPUTE WITH FREDDIE MAC?

Posted on October 1, 2013 at 1:20pm 5 Comments

I was just told on a Wells Fargo, Freddie Mac loan that they won't accept doing a short sale on the property and basically said that their minimum acceptable net is exactly what is owed. The price that we would need to sell it for is about $50K higher than Fair Market Value on a $200K - $220K valued property. Wells Fargo did say that they are not privy to the BPO value that it goes directly to Freddie. We did get a BPO agent that many agents in our office have been having value problems…

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