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Bank of America Short Sa…

841 members
Green Tree Servicing

79 members

Indymac

180 members
Aurora Loan Services

137 members

Short Sale Referrals

345 members

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Latest Activity

Jean Beymer replied to Shannon Jones's discussion 'Need help with BofA 2nd -- charge-off language' in the group Bank of America Short Sales

My experience with BofA 2nd liens are that they will release the lien but will go after the defiency. Presently, negotiating a BofA large 2nd...$185K. Bank insists on $25K cash to release the lien and then a note for the balance. They said they can…

July 27

Shannon Jones replied to Shannon Jones's discussion 'Need help with BofA 2nd -- charge-off language' in the group Bank of America Short Sales

Yes, it is a BofA HELOC... Any success in getting them to change that language? Anyone?

July 26

Debbie Franklyn replied to Shannon Jones's discussion 'Need help with BofA 2nd -- charge-off language' in the group Bank of America Short Sales

I have not had that experience. Contact Ben Benita here in the forum, he has lots of experience and can be helpful. He has written a book also being sold by Amazon on the subject - which we all need to buy. He is in Virgina I think, but you should…

July 23

Shannon Jones replied to Shannon Jones's discussion 'Need help with BofA 2nd -- charge-off language' in the group Bank of America Short Sales

Ours is a weird loan with BofA I think because it's not through equator. It's the home retention office in North Carolina and everything has been via fax. In this case, Indymac has only approved $3K to go to BofA (and we'd originally asked for the h…

July 23

Debbie Franklyn replied to Shannon Jones's discussion 'Need help with BofA 2nd -- charge-off language' in the group Bank of America Short Sales

Hi Shannon: In my case--I am in Anaheim, CA, Indy approved the 1st with $7400 I think to the 2nd ( B of A) and B of A wanted over $14,000. I thought the nego wanted to be difficult, so in Equator, I countered back FIRM NO, and explained that 10% of…

July 23

Shannon Jones added a discussion to the group Bank of America Short Sales

Need help with BofA 2nd -- charge-off language

Hi all, I have a homeowner with an Indymac 1st lien and a BofA 2nd lien. Today we got a counter from BofA asking for more money than was offered ($7882 vs. $3k) and stating that they will charge-off the remaining balance as a collectable balance a…

July 23

Shannon Jones joined Wendy Rulnick's group

Bank of America Short Sales

This group is for information, tips and solutions for Bank of America short sales.

July 23

Shannon Jones commented on Paula Barrett's group 'First Horizon'

Yes, First Horizon and MetLife are separate entities. We did a short sale for a client who paid her first and second payments both to First Horizon still, despite the acquisition by MetLife. However, for the first we had to deal with MetLife and for…

June 2

Shannon Jones commented on Wendy Rulnick's group 'Aurora Loan Services'

Anyone have any good manager or VP contacts at Aurora that they may be able to share? Thanks!

March 29

Shannon Jones commented on Wendy Rulnick's group 'Help Me!'

Yes, that's what I'm trying to do -- reach someone up the chain of command at Fannie... Anyone have any contacts there??

March 20

Shannon Jones commented on Wendy Rulnick's group 'Help Me!'

Anyone have any any good contacts at Fannie Mae??

March 19

Shannon Jones commented on Wendy Rulnick's group 'Help Me!'

Katerina, That was my understanding as well, but the short sale department is telling me that in the last 30 days Fannie Mae has started denying short sales if the homeowner isn't already late. She said she believes the guidelines have changed and I…

March 18

Shannon Jones commented on Claudine Ellis's blog post 'APPROVED! Bank of America Short Sale got approved tonight! 7 pm.'

Congratulations on your approval -- wondering if you have contact information for anyone at Fannie Mae?

March 18

Shannon Jones commented on Wendy Rulnick's group 'Help Me!'

I've had successful short sales previously where the homeowner wasn't behind on the payments but am running into problems. Aurora tells us that Fannie Mae guidelines prevent them from approving a short sale unless the homeonwer is at least 30 days b…

March 18

Shannon Jones replied to Mayra Espinosa's discussion 'Negotiating Short Sale with GREEN TREE' in the group Help Me!

We actually JUST got our short sale closed last week with GreenTree on the second. We also had a big gap, but I was able to get the 1st (Indymac) to agree to a little more and got GreenTree to come down by a little and then we made up the remaining…

March 13

Shannon Jones joined Wendy Rulnick's group

Green Tree Servicing

All about Green Tree short sales.

March 12

Profile Information

First Name

Shannon

Last Name

Jones

State

City

Long Beach

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Residential real estate agent specializing in Long Beach, Lakewood, Signal Hill and surrounding communities. Licensed since 1998. Successful track record in closing short sales with a number of financial institutions.

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