Kathi
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Kathi's Discussions

Bank out of Bus in 2007, Mtg paid off, but not satisfaction recorded

Started this discussion. Last reply by Kevin - Greenville, SC Jan 17, 2015. 1 Reply

Where do you go for help when a mortgage has been paid off, the bank and title company no longer exist, and the bank was taken off of MERS in 2007??Homeowners took out a 1st mtg and HELOC in March,…Continue

 

Kathi's Page

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Kathi replied to Kathi's discussion FHA VARIANCE in the group Florida Short Sales
"Wells Fargo is the one who has to order the variance from FHA - which they did, but I believe they submitted it to late.  I did speak with a specialist at FHA and got a ticket number.  WF submitted the variance request on…"
Feb 7
Paul Rudewicz replied to Kathi's discussion FHA VARIANCE in the group Florida Short Sales
"None of that makes any sense to me, so they filed a variance and it was approved a week later but WF is stating they didn't receive it? Wells Fargo wouldn't handle the variance to begin with so there is nothing for them to receive. I would…"
Jan 31
Kathi replied to Kathi's discussion FHA VARIANCE in the group Florida Short Sales
"FHA Variance is FHA's approval for the lender to proceed with the short sale process.  I've been working on a short sale with Wells Fargo since Sept.  They rejected two offers, seller got the FC postponed.  3rd offer…"
Jan 31
Paul Rudewicz replied to Kathi's discussion FHA VARIANCE in the group Florida Short Sales
"variance for what? there's multiple things they could file a variance for."
Jan 31
Kathi added a discussion to the group Florida Short Sales
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FHA VARIANCE

at what point in a short sale does the Lender order the FHA variance? Is it in the beginning process or when all docs are received and approved by the lender?See More
Jan 31
Kathi replied to Kathi's discussion Closing disclosure in the group Florida Short Sales
"Thank you very much!"
Jun 13, 2016
Frank Biganski replied to Kathi's discussion Closing disclosure in the group Florida Short Sales
"This is where I downloaded the ALTA, available in many different formats and also for both seller & buyer sides too! http://www.alta.org/cfpb/documents.cfm Frank"
Jun 11, 2016
Kathi joined Wendy Rulnick's group
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Green Tree / Ditech

All about Green Tree short sales.See More
Mar 22, 2016
Petra Norris replied to Kathi's discussion Closing disclosure in the group Florida Short Sales
"The Title co. I use provides me the ALTA statement which I provide to the short sale negotiatior."
Feb 16, 2016
Kathi added a discussion to the group Florida Short Sales
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Closing disclosure

I'm running into a problem with a short sale lender who wants me to send him a Closing disclosure rather than the old HUD,  Problem is, only the lender is allowed to complete the CD.  Since the statement is only preliminary, how do I convince them that I can't provide a CD until the SS is approved and ready to close?See More
Feb 16, 2016
Kathi joined Wendy Rulnick's group
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Florida Short Sales

Information relevent to the State of Florida, and how short sales may be specifically affected by Florida Laws. Florida short sale news.See More
Feb 16, 2016
Kathi replied to Larry A. Strauss's discussion Jr. lienholder claims not subject to Fannie/Freddie guidelines because the lender spun debt off to an LLC
"I now have a loan with Heartwood 47 LLC, and I need to contact them.  I have been unable to find a phone number for them.  Would you still have the phone number by any chance?"
Nov 3, 2015
Kevin - Greenville, SC replied to Kathi's discussion Bank out of Bus in 2007, Mtg paid off, but not satisfaction recorded
"the closing agent should be able to obtain this."
Jan 17, 2015
Kathi posted a discussion

Bank out of Bus in 2007, Mtg paid off, but not satisfaction recorded

Where do you go for help when a mortgage has been paid off, the bank and title company no longer exist, and the bank was taken off of MERS in 2007??Homeowners took out a 1st mtg and HELOC in March, 2007.  In July, they refinanced the HELOC to increase the line from $39,000 to $63,000 with the same bank, Nationwide Lending.  Homeowner doesn't have the refi HUD to show 1st HELOC was paid off.  We are ready to close, but can't until I can clear this lien.  Anyone have a MERS Ph # with a Human attached to it?See More
Jan 14, 2015
Kathi posted a blog post

got a resolve to HAFA for a deceased person - SPS

finally spoke with someone at SPS who knew what she was talking about.  She said a deceased person doesn't and wouldn't qualify for HAFA.  I would just have to have the PR, Executor or POA to sign the Hardship affidavit.  The bank still does a BPO and credit check -good luck with the credit check!  At least the issue has been resolved.See More
Jan 14, 2015
Kathi commented on Kathi's blog post Short sale - borrower deceased - bank wants to do HAFA
"the bank has all the docs.  Now their pulling their usual, "Oh, I'm sorry we don't have your authorization" so I had to send it in again.  The 3 siblings live in England and just don't want to sign the docs.…"
Jan 12, 2015

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First Name
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Last Name
Kathi
Are you a...
Title Company
State
Florida
City
Palm Beach Gardens

Kathi's Blog

got a resolve to HAFA for a deceased person - SPS

Posted on January 14, 2015 at 9:33am 0 Comments

finally spoke with someone at SPS who knew what she was talking about.  She said a deceased person doesn't and wouldn't qualify for HAFA.  I would just have to have the PR, Executor or POA to sign the Hardship affidavit.  The bank still does a BPO and credit check -good luck with the credit check!  At least the issue has been resolved.

Short sale - borrower deceased - bank wants to do HAFA

Posted on November 11, 2014 at 8:07am 5 Comments

I have bank (SPS) that absolutely will not move forward unless the PR signs the HAFA hardship affidavit.  I told them that since the borrower is dead, he wouldn't qualify for HAFA. They don't care.  The Hardship aff states that the borrower is requesting to be reviewed for MHA. Are they allowed to do this??

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