P Nicolas Velecico
  • Male
  • Atlantic City, NJ
  • United States
  • New Jersey
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P Nicolas Velecico's Discussions

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

SHORT SALE BY EX FELON

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

Tags: DODD, LIENS, FRANK, SHORT, FELON

 

P Nicolas Velecico's Page

Profile Information

First Name
Nicolas
Last Name
Velecico
Are you a...
Agent
State
New Jersey
City
Atlantic City
My Profile
New Jersey Homes and Loans LLC is an international real estate investment and management firm in Atlantic City NJ

P Nicolas Velecico's Blog

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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