"Hello Mark. Great read, thank you for sharing. I am really baffled on how you got Wells Fargo to approve HAFA HUD with $10,000 total contribution to Greentree 2nd. Are you sure Wells Fargo did not convert your short sale to a…"
"Interesting as we went all the way to approval with AFS or BofA HAFA; despite the fact that the second issued a letter of approval and all was great ( uploaded the 2nd approval letter to the library), BofA said the 2nd did not participate in HAFA…"
"I have a 2nd with GT and 1st with BOA, I figure we are in trouble on GT - they made it clear to me they are NOT HAFA participants and can get as much as they can....my seller decided to not go with HAFA and is doing a traditional with BOA now...."
"I've got a Green Tree second and Ocwen has approved the first with a Sept 22 close. GT already gave us a negotiator who was easy to get hold of until we got an approval from the first. Now she is AWOL not returning messages and…"
"Hi Ute, I am sorry but I don't have any connections at Freddie. Actually, and not to scare you, the hardest short sales I have ever dealt with are for Freddie & Fannie.
I would keep asking really nicely to the negotiator to stall the…"
"Thanks Mark for providing more detail. I'll keep calling Greentree and will let Marix know about the time requirements because of the second not starting the process until we have approval from the first. Thanks for all the…"
"Hi Ute, here is what happened with my deal.
Did the first approve the new HUD showing $10,000 to Greentree? Yes the first had no problem approving the $10k, First was Wells Fargo. Wells gave $4,800, Seller gave $4,000 including $3000 gift from…"
"Mark, did the first approve the new HUD showing $10,000 to Greentree? Who was the first? I have a Greentree second for $47,500 and will offer them $6,000. It's not yet approved by the first (Marix Servicing - never heard of…"
"I see most lenders pay the past, over due HOA fees during a short sale, but NOT any penalties or interest.
Many times the HOA will file a lien against the home which must be satisfied at COE. When a home goes back to the bank as an REO, all…"
"Is the second loan with GT a line of credit? I am assuming that because you countered with 10k that the seller is kicking in some funds?
I had almost the same thing happen to me and if the file is in recovery you will probably have to bring…"
"Hi Thom, while this is probably illegal, you are still in the negotiation process and they can really ask for anything they want.
I am curious if the buyer countered with the $5k on the HUD, if they would approve or decline.
"Hi Ute, the $3000 to the seller from HAFA was given to the second as well as the buyer kicked in $1000 and I kicked in $1000 to get the second what they wanted to release the lien.
(I told my sellers they were probably going to have to contribute to…"
"Can you tell me how you got around the HAFA $6,000 cap for the junior lien holder. I thought the second had to agree to settle for what's allowed under HAFA for the second. Are you saying that they can get more as long as it does…"
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