"Does anyone from Illinois heard the HUD has reduced attorney fees across the board to $250? It used to be a max of $1500. I have my authorization getting verified and will talk to them directly, but M&T Bank just reduced attorney…"
"2nd lien question(Banco Popular) - HAFA approval from 1st today.
What are the requirements for banks to cooperate with a HAFA short sale. Banco Popular is rejecting HAFA and demanding 90% of UPB which is over 80k.
I am in the early stages of…"
"Thanks for that insight. She is no longer making payments. She received the loan based on additional monthly income from child support payment which is no longer valid. So her income has dropped by $1300/month and her expenses have…"
"Client has been issued 3 loan mods, when the short sale was in process.
If the guidelines are based on gross income and do not account for food and other expenses, then we have a major flaw in the FHA Guidelines. Gross income is 3301. …"
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