"Interesting...It is usuaally part of the contract..SO it would appear that the negotiator has some knowledge...ther eis the BIA-A and the BIA-B, which goes wtih the BRNN...The BIA is automactically included in the doc requirements for the puchase…"
"This is not only a short sale, this is a HAP short sale. HAP's are tricky even if you know what you are doing, because there is another layer of Government Bureaucracy on top of the usual short sale bureaucracy with BofA. You…"
"BofA wrote off a lot of their 2nds...Literally, wrote them as paid in full...If there is no record of the 2nd, then maybe this is what happened and the disposition of the loan is noted incorrectly in their system."
"Chase has a department that actually will review evaluations. The best thing to do is call into customer service and state your issue and that the negotiator will not listen to reason and ask that you be connected to that department or that…"
"@Allan: Really??? Isn't this the reason we arrived here right now where we are??? More oversight usually equals more opportunity for special interests to gain more power and control to manipulate the system more...there are laws in place that…"
"Before this new mess started in 2005, Banks were required by Federal Regulators to dump a non performing asset (Toxic) by or before 18 months. The time frame started at the time the NOD was filed. At the the time the NOD was filed, a matching…"
"@ Becky and Gilda: I just closed a Citi as a 2nd lien that had reached the point of charge-off but I was able to bring it back from the brink three times. I was working with the negotiator for the 1st lien holder, Impac and not the servicer…"
I have been real estate licensed since 1988 and worked in Corporate and Private Mortgage Lending and Banking for 15 years. I understand both sides of the desk which allows me to work well in this short sale environment. My mission is to make a difference with home sellers while making sure the banks are receiving fair market value.
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