Jill Ford
  • Female
  • Southern Pines, NC
  • United States
  • North Carolina
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Jill Ford's Discussions

I will put my "short sale from hell" up against yours any day!

Started this discussion. Last reply by Joseph Alfe Apr 23, 2014. 4 Replies

the latest chapter in an endless saga:At just about the last minute, the underwriter at my buyer's lender (Quicken Loans) determined that they had to add the wife to the loan.  We took the steps,…Continue

Tags: Hell--really, from, sale, short

Impossible situation with Wells Fargo

Started this discussion. Last reply by Brian Avery Mar 14, 2014. 2 Replies

I am completely at a loss with this one--anyone who can provide guidance, I am beggin' ya!!Here's a quick synopsis: I represent the buyer on this one, seller's agent is not an experienced short sale…Continue

Multiple offers

Started this discussion. Last reply by Lea Hudson Dec 2, 2013. 14 Replies

Maybe I was napping, but are the larger lenders (Bank of America, Wells Fargo etc) now willing to look at more than one offer, signed by both buyer and seller, at the same time?  Last I knew that was…Continue

has Fannie changed what they will allow for 2nd lien?

Started this discussion. Last reply by Wendy Rulnick Dec 28, 2012. 4 Replies

Has Fannie Mae raised the limits they are willing to allow for 2nd lien holders from 6%?(or did I dream that conversation?)Continue

Tags: mae, fannie, payoffs, lien, 2nd

 

Jill Ford's Page

Latest Activity

Joseph Alfe replied to Jill Ford's discussion I will put my "short sale from hell" up against yours any day!
"If you sent the wives name on contract, then received an approval without her name, why wasn't this addressed before closing? Buyers think they can add things at last minute, it doesn't work that way."
Apr 23, 2014
Jeff Payne replied to Jill Ford's discussion I will put my "short sale from hell" up against yours any day!
"First mistake was your buyer using Quicken Loans.  I agree with Wayne here, in Florida one married person can be on the note, both sign the mortgage and both are on the deed if it is a primary residence"
Apr 17, 2014
Wayne Brooks replied to Jill Ford's discussion I will put my "short sale from hell" up against yours any day!
"I don't understand. If the wife was on the original purchase contract, her name was always on the prelim HUD's. Nothing changes on the HUD as to who is signing the note, or not signing the note, as it's not reflected on the HUD. With…"
Apr 17, 2014
Wendy Rulnick replied to Jill Ford's discussion I will put my "short sale from hell" up against yours any day!
"Can you have the wife added to the deed after closing?"
Apr 17, 2014
Jill Ford posted a discussion

I will put my "short sale from hell" up against yours any day!

the latest chapter in an endless saga:At just about the last minute, the underwriter at my buyer's lender (Quicken Loans) determined that they had to add the wife to the loan.  We took the steps, created the amendment, and headed to closing, or so we thought.  We got the HUD approved by the lender and submitted it to Wells Fargo(the short selling lender) for approval and arrived at an impasse:  One lender would not approve the HUD without the wife's name on it and one would not approve it with…See More
Apr 17, 2014
Wayne Brooks replied to Jill Ford's discussion Impossible situation with Wells Fargo
"Can you convince the listing agent to get the seller to give you an authorization?  Since WF saw the original sale price, may want to stick with that, and just give the 2% back...maybe.  We know common sense doesn't enter this…"
Mar 14, 2014
Jill Ford posted a discussion

Impossible situation with Wells Fargo

I am completely at a loss with this one--anyone who can provide guidance, I am beggin' ya!!Here's a quick synopsis: I represent the buyer on this one, seller's agent is not an experienced short sale agent, so it has been a struggle but on January 9th we received approval for the short sale.Shortly after that Quicken Loans (who my buyer chose without any guidance from me) discovered that they couldn't make an investor loan the way the contract was written--with $5000 in seller contribution on a…See More
Mar 14, 2014
Bryant Tutas replied to Jill Ford's discussion after approval, snag in the numbers in the group Wells Fargo Short Sales
"the seller can call in and get their agent authorized over the phone. Only takes a couple of minutes.  "
Feb 3, 2014
joe beauchamp replied to Jill Ford's discussion after approval, snag in the numbers in the group Wells Fargo Short Sales
"What you describe is not at all unusual. Successful short sales for these servicers lose them continued monthly income. There is no desire to help you cut their income. Getting stupid unimportant requests is the norm. They can complain about…"
Feb 2, 2014
Jill Ford added a discussion to the group Wells Fargo Short Sales
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after approval, snag in the numbers

I have the buyer on this one--and they went to Quickenloans.  After we had the approval, and the file apparently moved to a closer, Quicken discovered that the terms of the sale, with my buyer getting too much back in seller paid closing for the type of loan he was getting, didn't meet their guidelines.(my local lender would have seen that the first day, and we wouldn't be in this mess now, but we are and now we need help!)It would seem pretty simple to make all the necessary adjustments…See More
Feb 2, 2014
Jill Ford joined Wendy Rulnick's group
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Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)This group is for information, tips and solutions for Wells Fargo short sales.See More
Feb 2, 2014
Sharon Burgos replied to Jill Ford's discussion Multiple offers
"Which is exactly what we did.  We submitted the best one in my seller's opinion (and mine). Higher net to bank & cash deal with committed buyer. But, we also submitted another offer - which is my seller's prerogative as…"
Nov 6, 2013
Jeff Payne replied to Jill Ford's discussion Multiple offers
"Sorry but I disagree 100% on this tactic.  You advised your client that there is no downside to submitting both offers?   A short sale is not any different than any other sale that has a contingency attached.  WOuld your seller accept…"
Nov 6, 2013
Sharon Burgos replied to Jill Ford's discussion Multiple offers
"Yes, the seller wanted me to submit both offers because his file had already been closed once for lack of an offer.  He felt he was safer with the bank having both offers in hand.  As I said, I do not make the decisions for my…"
Nov 5, 2013
Jeff Payne replied to Jill Ford's discussion Multiple offers
"And your seller wanted you to submit both offers? Why not just recommend the seller reject the lower offer just like they would in an equity sale?  Not quite sure why you would want the bank to make the decision for the seller when the bank…"
Nov 5, 2013
Sharon Burgos replied to Jill Ford's discussion Multiple offers
"My seller, of course.  That remains the same - I merely advise.  My seller makes the decisions."
Nov 5, 2013

Profile Information

First Name
Jill
Last Name
Ford
Are you a...
Agent
State
North Carolina
City
Southern Pines

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