I've been seeing more servicers force a loan modification review on my short sale clients. I mean clients that have no interest in retaining the home, haven't asked for a mod. This wouldn't bother me…Continue
This last week my e-mail has been flooded with BPO requests, I mean THOUSANDS of bpo orders. Mind you these are not requests to me in particular but e-mail blasts for assignments accepted on a first…Continue
April 25, 2012Fannie Mae Sets New Short Sale TimelinesNew Guidelines Will Expedite Process, Improve Foreclosure Prevention OptionsAndrew Wilson202-752-5168WASHINGTON, DC – Fannie Mae (FNMA/OTC)…Continue
With more and more notarized documents needed, I'm wondering, will banks balk if I get a notary license and notarize the signatures (while being the listing agent on the same file?). It would save a…Continue
If I see there was less than 20% down at purchase (without a piggyback) or if I see the servicer changing since the loan was issued, I assume there is MI either paid for by the seller or added by the new lender when they bought the loan.
1st, I call the servicer and ask, REPEATEDLY, because you have to find the rep that hasn't got them memo not to give out this critical information. Get the MI company and the mortgage certificate number (it's like the account number for…Continue