Patrick McNeley
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  • United States
  • Washington
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Radian PMI contacts

Started this discussion. Last reply by Patrick McNeley Sep 19, 2012. 2 Replies

Hello Superstars,I am in a single lien situation with a Midland mtg as servicer, lender bought PMI through Radian (of course without my sellers knowledge), with Wells Fargo as the investor.Home was…Continue

Tags: Midland, Fargo, Wells, Radian, PMI

 

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Patrick McNeley joined Jason Yacoub's group
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M&T Bank

M&T Bank  Short Sale Home Assistance deptseller must call 800-724-1633 for financial interview for House hold income and expenses Fax third party authorization first to 716-848-3748See More
Feb 7, 2014
Patrick McNeley joined Wendy Rulnick's group
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VA Compromise Sales

Group devoted to discussions for Veterans Administration short sales, called Offers in Compromise, or VA Compromise Sales.See More
Jun 15, 2013
Patrick McNeley joined Suzanne McLaughlin's group
Jun 7, 2013
Patrick McNeley joined James ferebee jr's group
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OCWEN

Ocwen short sale informationThis group is for information, tips and solutions for OCWEN short sales.See More
Jun 3, 2013
Patrick McNeley joined Wendy Rulnick's group
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Citi Bank

Citi Short Sale InformationSee More
Nov 29, 2012
Patrick McNeley replied to Carmine R Biello Jr's discussion BOFA Did it again!!!!! What are they thinking???
"I just had one with Bank of America.  They had offered my seller cash incentive to cooperate.  They dumped it to Ocwen who is refusing the previous agreement.  Seller is ticked off of course.  They do make our job more difficult."
Nov 18, 2012
Patrick McNeley joined Wendy Rulnick's group
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Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)This group is for information, tips and solutions for Wells Fargo short sales.See More
Oct 4, 2012
Patrick McNeley commented on Dawn Barrier Prominent Realty Gr's group United Guarantee Corp
"Does anyone have contact info to escalate a file with United Guarantee?  I have a file approved by servicer and they are asking seller to sign note for $23,000 and bring $6,500 cash to closing.  Sellers have $1,600 in checking account and…"
Oct 4, 2012
Patrick McNeley joined Dawn Barrier Prominent Realty Gr's group
Oct 4, 2012
Patrick McNeley replied to Patrick McNeley's discussion Radian PMI contacts
"Thank you Jim!"
Sep 19, 2012
Patrick McNeley joined Jim Schneider's group
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Radian Mortgage Insurance

Corporate Office  1601 Market Street  Philadelphia, PA 19103  800.523.1988   Customer Care  Hours M-F 8 a.m. - 8 p.m. Eastern Time  Phone 877.RADIAN1 (723.4261)  Media Contact  Emily Riley 215.231.1035Loss Mittigation 800 523-1988 x 1391 or 1267See More
Sep 19, 2012
Jim Schneider replied to Patrick McNeley's discussion Radian PMI contacts
"try these contacts:   Loss Mitigation: LiquidationResponsible for overseeing all of Radian’s liquidation workout activities.Chris Malinowski – Director, Loss Mitigation, chris.malinowski@radian.biz 800.523.1988 x1175Dispute…"
Sep 19, 2012
Patrick McNeley posted a discussion

Radian PMI contacts

Hello Superstars,I am in a single lien situation with a Midland mtg as servicer, lender bought PMI through Radian (of course without my sellers knowledge), with Wells Fargo as the investor.Home was purchased as owner occupied.  They out grew the house and bought a larger one that needed many repairs and upgrades.  Bad experience with contractor depleted their resources and then the tenant in this house was put into active duty from the reserves.  Hence no rent to cover payments at a bad time…See More
Sep 18, 2012
Patrick McNeley joined Stephanie Lim's group
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FHA - HUD Short Sales

HUD rules for FHA short sales, tips, experiences, etc.Fax LOA:  918-236-3274PH 877 622-8525See More
Jul 3, 2012
Patrick McNeley joined Bryant Tutas's group
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Midland Mortgage

A group to assist with Midland Mortgage Short SalesSee More
Jun 12, 2012
Patrick McNeley replied to Brenda Mull's discussion Real Time Resolution
"I have a transaction with a Chase first and a BoA second (non-purchase).  Equator rejected the BofA loan number as invalid.  The BofA helpline found the loan number but it couldn't go through the equator system and my seller needed to…"
Nov 17, 2011

Profile Information

First Name
Patrick
Last Name
McNeley
Are you a...
Agent
State
Washington
City
Graham
My Profile
I closed my first short sale in 1984. The banks didn't even know what I was talking about. As I worked up the management ladder they kept saying "this is the principal, plus the back payments, and the fees".

At that time prices were flat due to 17% interest rates. All we were asking for was to have the brokerage fees and other closing costs covered.

I finally got the number of a Vice-president from another VP at a Savings and Loan that I was listing property for.

It was approved in 5 minutes. He looked at our offer and compared it to what they would net if they foreclosed. "This number is bigger than that number, of course we'll do that" was his response. Can't argue with math.

Things have become much more complicated with multiple liens, PMI, private mortgage insurance paid by lenders that the borrower doesn't even know about, selling of loans as derivatives and more.

Seeing that things are changing by the week I invested time and money in keeping current. I've been through Harris Real Estate University Short Sale course, earning the "Accredited Shortsale Designation". I've also earned the CDPE "Certified Distressed Property Expert" through the Charfen Institute and am involved in the ongoing education of the CDPE advanced program.

With over 30 years experience I never imagined seeing the market we've gone through in recent years. I don't see short sales going away soon, or possibly ever.

There is reason for optimism however, the low prices and high rental rates present the best investor opportunity I've ever seen.

Remember, once you decide you like living indoors, you're buying a house. You're either buying it for yourself or you're buying one for someone else.

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