P Nicolas Velecico
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  • Atlantic City, NJ
  • United States
  • New Jersey
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FHA Ammendetory Clause

Started this discussion. Last reply by Wayne Brooks Jul 28, 2015. 1 Reply

 Trying to close a Fannie Mae REO with an FHA loan . The buyers lender insist on having the ammendetory clause fully executed but Fannie Mae says they are except . Who is right The property appraised…Continue

Greetree Short Sale / Fannie Mae

Started this discussion. Last reply by Brian Avery Jul 8, 2015. 2 Replies

 Just received a Green tree approval and they keep referring me back to the FANNIE GUIDELINES which are a bit confusing to me .My first question is a credit card that went into a judgement and thus a…Continue

Tags: servicing, HOA, liens, lien, pay

Seller died during short sale process

Started this discussion. Last reply by Brian Avery Sep 1, 2014. 2 Replies

 The seller died without a will or assetts , the heirs want nothing to do with the property . We have a buyer under contract ,  can anything be done to continue with the sale ?  I had a POA for the…Continue


Started this discussion. Last reply by Brett Goldsmith Jun 2, 2014. 8 Replies

 My client was convicted of money laundering and served one year federal time , he is out on probation and did chapter 7 . He included 4 upside down properties in the BK . He has a one million dollar…Continue



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New Jersey Homes and Loans LLC is an international real estate investment and management firm in Atlantic City NJ

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Federal Lien ( Dept. of Justice ) seller is in prison for one year .

Posted on February 22, 2012 at 6:57pm 1 Comment


 Seller has about one year to serve on money laundering conviction which also carried a $260,000 fine

 The fine is showing up on title as federal lien DOJ , can he sell , mod or DIL with a lien that exceeds the value of the property ?

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