Started this discussion. Last reply by Jeff Payne Jul 10, 2011. 8 Replies 0 Likes
Hi everyoneCan someone tell me if any of the banks are taking names and contact numbers for CDPE's to put on their list to give our contact info to their borrowers if they need to sell their home as…Continue
Started this discussion. Last reply by Len McGuirk May 8, 2011. 7 Replies 5 Likes
What is the matter with Chase. My seller is on unemployment and her husband is on social security disability. I am thinking this is a no brainer as far as income verification goes. Disability…Continue
Posted on April 14, 2011 at 5:00am 2 Comments 0 Likes
Posted on April 14, 2011 at 4:54am 1 Comment 0 Likes
Posted on April 14, 2011 at 4:15am 0 Comments 0 Likes
Every short sale transaction is not the same, and a lender should approach them all differently. HAFA requires the lender to identify the borrowers minimum net proceeds ahead of time, and the guideline requires 120 day period to change that value. So what does this mean, that if a property falls outside of the minimum net proceeds, it isn’t eligible under HAFA. Sounds ridiculous to me. This is such a shame; as a house is worth what a house is worth and no more, and even in the span of 120…
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