"Leslie - yes, most lenders will not pay HOA fees. They're a personal debt and will follow the Sellers wherever they go (in AZ anyway)."
Karyl Moore's Groups
Karyl Moore's Discussions
PMI suing the banks?
Started this discussion. Last reply by Jeff Payne Jan 24. 10 Replies 0 Likes
I had a call today from a past short sale client who said a PMI company wants to meet with them and hear their story of the 3 times they tried to get a loan modification and were rejected (by Chase)…Continue
Tags: modifications, sales, short, PMI, Chase
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Latest Activity
Karyl Moore commented on Wendy Rulnick's group Green Tree Servicing"Amy: firstname.lastname@gt-cs.com"
Karyl Moore commented on Wendy Rulnick's group Wells Fargo Short Sales"I received an approval letter which did not waive the deficincy and the negotiator said it could not be changed. Then a couple of days later, the Sellers received a letter in the mail from Wells and this letter stated the deficiency would be…"
Karyl Moore commented on Wendy Rulnick's group Bank of America Short Sales"Stephanie - it was the same purchase price with the new offer being cash whereas the first offer was for a loan with 20% down."
Karyl Moore commented on Wendy Rulnick's group Bank of America Short Sales"I just had to replace a canceled offer with a new offer on the new B of A system and it worked great! Approval on the new offer within a week! Wow, is that nice compared to how it used to be! B of A has come so far from how they were a couple…"
Karyl Moore commented on Wendy Rulnick's group Bank of America Short Sales"It seems like most short sales need escalations and help - but only B of A has Twitter. I appreciate that greatly - especially considering how bad B of A was years ago. "
Karyl Moore commented on Wendy Rulnick's group Bank of America Short Sales"Dean: Thank you! My clients made the statement so maybe it was a generalization. haven't seen the paperwork yet. That's horrible that B of A would deal with NCCI instead of the homeowner. "
Karyl Moore commented on Wendy Rulnick's group Bank of America Short Sales"Christy: Thanks so much for answering so quickly! I did look at their site and it sounds a bit creepy, doesn't it? My clients have already been declined for a mod so I will tell them they don't need to meet with NCCI."
Karyl Moore commented on Wendy Rulnick's group Bank of America Short Sales"Has anyone else had a client receive a packet of info from National Creditors Connection Inc in association with B of A? They say they can help them save their house. :o) My first thought was it was a scam but in looking on-line it…"
Karyl Moore commented on Wendy Rulnick's group Green Tree Servicing"Help, please. I've called the corporate office as Ben B. suggested (twice) but they just send me right back to the same dept I've been working with. Have 1st and 2nd with GreenTree. Fannie Mae loans. 2nd is approved. 1st…"
Karyl Moore replied to Keji Ogunleye's discussion Is now taking forever for Equator to assign task in the group Equator"Yes, it seems to be taking at least a week now instead of a day or two like before."
Karyl Moore commented on Wendy Rulnick's group Chase"Catherine, in my experience HAFA slows it - especially since it's already been started as a regular short sale. You'll be starting over from the beginning and HAFA is slow. I like your idea, Jean - will try that next time."
Dianne Slutsky replied to Karyl Moore's discussion REDC Group in the group Bank of America Short Sales"I have just encountered a situation where we lost a short sale buyer and received a hard decline from BofA. Normally, when I receive an offer, I just reinitiate in the Equator system However, even though only three weeks had elapsed from…"
Jeff Payne replied to Karyl Moore's discussion PMI suing the banks?"Let's look at this another way. The MI company is not screwing up the deal, the lender/servicer/investor is screwing the deal. The lender is who is going to be paid a claim, they are holding an MI policy and the MI company is being…"
Kimberley Kelly replied to Karyl Moore's discussion PMI suing the banks?"Oh boy..another turn of the MI screw.."
Sheila Vardakis replied to Karyl Moore's discussion PMI suing the banks?"Bryan, that makes perfect sense! I have been doing short sales for almost 5 years now and only in the last year have MI companies been making these deals fall through. Do you think it is the accumulation of payouts over these years that…"
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- First Name
- karyl
- Last Name
- moore
- Are you a......
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- arizona
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- prescott
- My Profile
- I have been a real estate broker in Arizona for 28 years. Have been working almost exclusively with short sales for the past year plus. Closing rate is about 75%. No ulcers yet but working on it. I seem to be running out of wine faster than before, tho. CDPE, SFR, Associate Broker.
Karyl Moore's Blog
Little Known Problems with Loan Mods
Posted on June 18, 2011 at 1:29pm 5 Comments 0 Likes
A local lender sent out the email below. Alhough hardly anyone gets a loan mod, Sellers who are considering modifications -vs- short sale really need to know the info below:
In these difficult economic times home owners are often forced to make difficult decisions about how to handle mortgage payment they can no longer afford. One…
ContinueComment Wall (4 comments)
- At 12:26pm on November 23, 2010,
mike w said… - I signed the addendum (change in negotiated price) on Sunday Nov 21 which had a closing date of Dec 31, it will be virtually impossible to close by that date, i guess im close but no cigar
- At 12:49am on November 23, 2010, mike w said…
- As the buyer in a short sale situation how can i check the status or try to push for a official acceptance offer letter from the bank, it has been a little over a week and still no official letter?
- At 9:57pm on November 22, 2010, mike w said…
- i received the verbal acceptance from bank of america, how long does it take to receive the official letter so i can start the loan process
- At 4:00pm on August 31, 2010,
Stephen Arnold said… - Thanks Karyl~
I'm not sure where to go from here...but it is really frustrating. They really do not seem to care about incurring $1,000's in additional losses from a trustee sale vs. just doing the short sale.
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