Rob Olson
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  • United States
  • AZ
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Rob Olson's Discussions

National Mortgage Debt Relief Act "under contract" deadline

Started this discussion. Last reply by Wayne Brooks Nov 19, 2013. 3 Replies

Does anyone know if there is a deadline for short sales to be under contract by, to still qualify for the NMDR?  It looks like it is going to expire on 12/31.  I've heard nothing about a renewal. …Continue

FHA Sales contract review expiration

Started this discussion. Last reply by Kevin - Greenville, SC Jun 6, 2013. 5 Replies

I have an FHS PFS with Bank of America.  The sale was approved.  On my sales contract review form, it states "the sale is contingent upon closing no later than 6/6/13.If closing does not take place…Continue

Foreclosure after discharged bankruptcy

Started this discussion. Last reply by K Bernard Strong Jun 6, 2013. 10 Replies

I have been talking to a potential client that has gone through a bankruptcy and been discharged.  The house is now set for foreclosure in about 80 days.  He's trying to avoid foreclosure.  He hasn't…Continue

How can I fight the demand for a cash contribution?

Started this discussion. Last reply by Ron Scribner May 14, 2013. 5 Replies

I'm doing a short sale for a client that has about 30k in cash.  I kind of expected the lender to request a cash contribution, which they did.  The bank wants $3000.  The issue is that this surplus…Continue

 

Rob Olson's Page

Latest Activity

Rob Olson commented on Wendy Rulnick's group Help Me!
"I have located a property that is going to foreclosure becuase the owner passed away.  However, there is a beneficiary deed on the property.  I have found the person on that deed.  What would be the best way to approach this person…"
Apr 15, 2015
Rob Olson joined Wendy Rulnick's group
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Help Me!

Post your Short Sale Problem. One of our Short Sale Superstars may have a solution!See More
Apr 15, 2015
Rob Olson commented on Wendy Rulnick's group Wells Fargo Short Sales
"I've been at this short sale for about 90 days now.  Finally just got a negotiator assigned.  It seems like this is taking a long time.  All documentation is in.  A processor 2 weeks ago said that they've fallen way…"
Feb 19, 2014
Rob Olson joined Jeff Payne's group
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US Bank

US Bank services Florida Housing loans Ph#: 1-800-365-7900 Fx#: 1-866-563-9508See More
Feb 19, 2014
Wayne Brooks replied to Rob Olson's discussion National Mortgage Debt Relief Act "under contract" deadline
"I believe the under contract by 12-15-13, and close by 09-2014, is HAFA."
Nov 19, 2013
Wayne Brooks replied to Rob Olson's discussion National Mortgage Debt Relief Act "under contract" deadline
"My understanding is the short sale transaction must Close prior to 12-31-13, just like it was for 2012."
Nov 19, 2013
Rob Olson posted a discussion

National Mortgage Debt Relief Act "under contract" deadline

Does anyone know if there is a deadline for short sales to be under contract by, to still qualify for the NMDR?  It looks like it is going to expire on 12/31.  I've heard nothing about a renewal.  And it might have been my imagination, but I thought I heard that any sale under contract by 12/15, would still qualify.  Any information would be greatly appreciated.  Thanks!See More
Nov 19, 2013
Marty Macisso replied to Rob Olson's discussion Short sale homes of the deceased
"I have a similar deal where the probate has appointed a PR, although their are next of kin, they apparently have no interest in property, so the court is appointing a special PR an attorney, just to be the defendant and answer the legal complaints…"
Sep 9, 2013
K Bernard Strong replied to Rob Olson's discussion Foreclosure after discharged bankruptcy
"Foreclosure can impact the timeframe needed to qualify for another mortgage.  Current mortgage guidelines state that a person can qualify for an FHA loan 3 years from the date of foreclosure.  Here is the catch.  The foreclosure date…"
Jun 6, 2013
Kevin - Greenville, SC replied to Rob Olson's discussion FHA Sales contract review expiration
"excellent work!"
Jun 6, 2013
Rob Olson replied to Rob Olson's discussion FHA Sales contract review expiration
"Thanks for all the responses.  Excellent information.  BTW, we were able to close today! "
Jun 6, 2013
Dominick replied to Rob Olson's discussion FHA Sales contract review expiration
"You will have to escalate your file and explain your situation. Use your escalation contacts whenever you're not contacted within the given time frame. Before you begin you should first look over the terms given on the approval letter…"
Jun 6, 2013
Bryant Tutas liked Rob Olson's discussion FHA Sales contract review expiration
Jun 6, 2013
Kevin - Greenville, SC replied to Rob Olson's discussion FHA Sales contract review expiration
"Tweet BOA to have the closer contact you. http://twitter.com/BofA_Help What is the closing date on your contract?  When does the ATP expire?"
Jun 5, 2013
Rob Olson posted a discussion

FHA Sales contract review expiration

I have an FHS PFS with Bank of America.  The sale was approved.  On my sales contract review form, it states "the sale is contingent upon closing no later than 6/6/13.If closing does not take place before this date, a new letter will be required." The closing may not happen by this date.  Does anyone know who I have to contact and what I need to do, in order to get another letter, if I need one?Part of the reason is that when I got the letter, I was told by the negotiator that I would be…See More
Jun 5, 2013
Paddy Deighan, Esq replied to Rob Olson's discussion Foreclosure after discharged bankruptcy
"the foreclosure is more of a credit issue...not a legal issue. Even the tax ramifications are nullified by the bankruptcy"
Jun 2, 2013

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First Name
Rob
Last Name
Olson
Are you a...
Agent
State
AZ
City
Phoenix

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