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How much will Freddie Mac allow a Jr lienholder to receive?

Started this discussion. Last reply by Larry A. Strauss Sep 16, 2013. 9 Replies

 My Wells Fargo negotiator (servicer for the 1st Freddie Mac lien) is claiming that Freddie Mac will allow $6,000 or 10%, whichever is less to be paid to Jr lien holders.  The 2nd lien is for roughly…Continue

 

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Larry A. Strauss replied to Jim Brown's discussion How much will Freddie Mac allow a Jr lienholder to receive?
"FYI: see the following links / pdfs for guidance and 411 on the junior lienholder issue:   - Making Home Affordable® Program – Administrative Clarifications - Aug. 2013 -…"
Sep 16, 2013
Debbie Stewart replied to Jim Brown's discussion How much will Freddie Mac allow a Jr lienholder to receive?
"that is correct new guidelines allow $6k for Freddie and fannie"
Sep 9, 2013
Neil L. replied to Jim Brown's discussion How much will Freddie Mac allow a Jr lienholder to receive?
"YOu should really post your tool here :) I'd really like a copy too."
Sep 3, 2013
Candice Eberhardt replied to Jim Brown's discussion How much will Freddie Mac allow a Jr lienholder to receive?
"Hi Beverly, Will you send me a copy of your chart as well? My email address is [email protected] Thank you!"
Oct 24, 2012
Lori & G-II Klindera/Varrato I replied to Jim Brown's discussion How much will Freddie Mac allow a Jr lienholder to receive?
"OOpppsss... my eMail address is [email protected]  Thanks again :-)"
Sep 16, 2012
Lori & G-II Klindera/Varrato I replied to Jim Brown's discussion How much will Freddie Mac allow a Jr lienholder to receive?
"Hi Beverly, would you also send a copy of your 'chart tool' to me. Thanks Lori"
Sep 16, 2012
Trong Dang replied to Jim Brown's discussion How much will Freddie Mac allow a Jr lienholder to receive?
"Beverly, when you found your chart, do you mind sending me a copy?  I would really appreaciated, thank you.  [email protected]"
Sep 12, 2012
Beverly Cibulsky replied to Jim Brown's discussion How much will Freddie Mac allow a Jr lienholder to receive?
"I believe it is $6000 Cap! Trying to find my chart too!"
Sep 12, 2012
Jim Brown posted a discussion

How much will Freddie Mac allow a Jr lienholder to receive?

 My Wells Fargo negotiator (servicer for the 1st Freddie Mac lien) is claiming that Freddie Mac will allow $6,000 or 10%, whichever is less to be paid to Jr lien holders.  The 2nd lien is for roughly $45k so he's saying the maximum he can allow to the 2nd is $4,500.  The 2nd lien is serviced by Chase and that negotiator is saying that Freddie Mac's guidelines allow for $6,000 to go to Jr lien holders regardless of the current loan balance, as of September 1st.Which negotiator is wrong?  What…See More
Sep 12, 2012
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HUD rules for FHA short sales, tips, experiences, etc.Fax LOA:  918-236-3274PH 877 622-8525See More
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VA Compromise Sales

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First Name
Jim
Last Name
Brown
Are you a...
Agent
State
Arizona
City
Phoenix

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