Luther Fisher
  • North Carolina
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Luther Fisher's Discussions

FHA preforeclosure to owner occupants only?

Started this discussion. Last reply by Don Ferguson Nov 30, 2016. 3 Replies

Has anyone heard of banks restricting buyers to owner occupants only in short sales. I'm dealing with a fha backed loan and the lender says due to 'neighborhood stabilization' the sale is restricted…Continue

Solace Financial??

Started Oct 13, 2016 0 Replies

Does anyone have any idea who handles Solace Financial loans? I've got a 2nd mortgage that was held by them, checked MIN and it still shows them as servicer but they appear to be out of business. Continue

Discharged...why so much paperwork?

Started Apr 15, 2016 0 Replies

I come across a few short sales where the borrower has been discharged, bankruptcy case closed and want to attempt to a short sale. Is there a reason why lenders would want all of the borrowers'…Continue

No probate situation

Started this discussion. Last reply by Luther Fisher Apr 15, 2016. 4 Replies

Ive got a possible short sale situation here. The borrower passed away and the HOA foreclosed on the house. HOA is willing to let me list the property. Now the bank is starting to foreclose. House is…Continue

 

Luther Fisher's Page

Latest Activity

Luther Fisher commented on Stephanie Lim's group FHA - HUD Short Sales
"Paul, do you happen to know how long it takes to get the payoff?  Thanks"
Dec 12, 2016
Luther Fisher commented on Stephanie Lim's group FHA - HUD Short Sales
"Thanks Paul, I just sent it out."
Dec 12, 2016
Luther Fisher commented on Stephanie Lim's group FHA - HUD Short Sales
"I have an issue with a closing attorney. We received approval to close and there are HUD partial claims but the attorney is questioning the letter we got saying it doesn't specifically state that when the funds are received the claims are…"
Dec 12, 2016
Don Ferguson replied to Luther Fisher's discussion FHA preforeclosure to owner occupants only?
"Shouldn't matter in a short sale. Now have heard of it in REO's"
Nov 30, 2016
Andrey Sokurec replied to Luther Fisher's discussion FHA preforeclosure to owner occupants only?
"Mostly it happens when you are buying foreclosures or short sale homes. There are restrictions on who is allowed to purchase the home. It means you can not purchase this home and rent it out or purchase without intent to occupy the…"
Nov 28, 2016
Luther Fisher commented on Stephanie Lim's group FHA - HUD Short Sales
"I've got another fha short sale going and we received an offer but the seller is refusing to sign, saying the house is 'worth more'. The offer is like $5k off of the suggested list price so the lender would likely accept it. They are…"
Nov 25, 2016
Luther Fisher commented on Stephanie Lim's group FHA - HUD Short Sales
"the attorney is out of town today so that's why they can't do it, they were supposed to have it in by Friday last week. He did say he would have it in first thing in the morning so we're just crossing our fingers that it can still get…"
Nov 21, 2016
Luther Fisher commented on Stephanie Lim's group FHA - HUD Short Sales
"Seller doesn't have an attorney. In NC the buyer gets to pick the closing attorney. 30 days? ugh. It is extremely frustrating because we let them know it HAD to be in today. Oh well I guess that'll have to be it then. "
Nov 21, 2016
Luther Fisher commented on Stephanie Lim's group FHA - HUD Short Sales
"Thanks Dean,  actually it is a CASH buyer so no worries on a loan, we just wanted to make sure the lender would possibly let us extend it. Their attorney waited until the last minute to do the final HUD for some reason and now they're…"
Nov 21, 2016
Luther Fisher commented on Stephanie Lim's group FHA - HUD Short Sales
"Finally got approval to do short sale and were supposed to close by Nov 23 but the lender (Midland Mtg) required the HUD by today. The closing attorney won't be able to get it in today but will have it 1st thing in the morning (its the buyers…"
Nov 21, 2016
Brett Goldsmith replied to Luther Fisher's discussion FHA preforeclosure to owner occupants only?
"Never experienced this, but sounds plausible for certain neighborhoods given HUD's nature.  [email protected] 310-564-6389 www.ishortsalenow.com"
Oct 25, 2016
Luther Fisher posted a discussion

FHA preforeclosure to owner occupants only?

Has anyone heard of banks restricting buyers to owner occupants only in short sales. I'm dealing with a fha backed loan and the lender says due to 'neighborhood stabilization' the sale is restricted to owner occupants. It's my first time hearing of this restriction. See More
Oct 24, 2016
Luther Fisher posted a discussion

Solace Financial??

Does anyone have any idea who handles Solace Financial loans? I've got a 2nd mortgage that was held by them, checked MIN and it still shows them as servicer but they appear to be out of business. See More
Oct 13, 2016
Luther Fisher joined Tiffany Alleshouse's group
Oct 11, 2016
Luther Fisher replied to Judith Canero's discussion Fannie Mae Home Path / Seterus
"My procedure is get listing agreement signed, enter into MLS, get contract and then submit to Fannie Mae. They usually don't give list price guidance until after they do an appraisal/bpo, and they won't do that until you send an offer…"
Sep 20, 2016
Luther Fisher commented on Wendy Rulnick's group Green Tree / Ditech
"one last one on this one ugh.... so I figured out that my seller's gross income shows that they barely make enough, but the net income -- take home pay -- shows a negative cash flow. on the expenses section, should I include the taxes/fica etc…"
Aug 22, 2016

Profile Information

First Name
LUTHER
Last Name
FISHER
Are you a...
Agent
State
North Carolina
City
MATTHEWS
My Profile
investor/agent based in Charlotte, NC. I have been completing all sorts of short sales since 2004

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