Neil L.
  • Male
  • Louisville, KY
  • United States
  • Kentucky
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Neil L.'s Discussions

Short Sale Paperwork, Compiling and sending to clients electronically

Started this discussion. Last reply by Neil L. Jul 9, 2012. 5 Replies

Am I alone on this?I want to be able to easily create short sale packages.  Each page should be a fill-able form.  I want to auto-populate data like the loan number for them then email the entire…Continue

Tags: package, pdf, paperwork

Obama Paying $1,500 to Homeowners who do a Short Sale

Started Mar 8, 2010 0 Replies

The Obama Administration is going to begin paying Homeowners $1,500 in relocation assistance for doing a short sale beginning on April 1st!…Continue

Tags: assistance, obama, relocation, foreclosure, pay


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Latest Activity

Brett Goldsmith replied to Neil L.'s discussion Loan is TOO FAR DELINQUENT to qualify for a Preforeclosure Short Sale? in the group FHA - HUD Short Sales
"I believe 40 months is actually the mark per my HUD contact. @neil, your variance will likely be denied. I've never seen any short sales within the last few years for FHA get approved over 40 months behind. I don't personally take FHA…"
Oct 3, 2019
Minna Reid replied to Neil L.'s discussion Loan is TOO FAR DELINQUENT to qualify for a Preforeclosure Short Sale? in the group FHA - HUD Short Sales
"After 48 months seller is no longer eligible for any workout with FHA - no exceptions."
Oct 3, 2019
Neil L. added a discussion to the group FHA - HUD Short Sales

Loan is TOO FAR DELINQUENT to qualify for a Preforeclosure Short Sale?

Seller filed BK and after multiple attempts to do a short sale, ditech is finally ready to do a short sale. But now FHA says "Borrower is not elligible for the preforeclosure sale program regardless of offer or what final net may be because loan is too far delinquent".  Granted, it's 2486 days past due.A variance was put in with FHA to let us do the short sale but it was denied because "a good reason for the delinquency" was not given on the variance request.Does anyone know what the guidelines…See More
Oct 2, 2019

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We do short sales. Anywhere from Louisville to Lexington, Kentucky.

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At 3:57pm on November 13, 2009, Deborah McGraw-McCormick said…
I actually used some of the advice from Dwan Twyfords book, in a short sale that was dropped three times. I actually was told "I dug it out of the mud". I faxed faxed faxed, called and faxed faxed faxed. Finally sent some emails to a supervisor of another area, he said he would, make sure my paperwork got to where it needed to go. And several other times it appeared that it was going to be looked over. Persistence!!!! I knew that this ought not closed on it this past april. Point being, I was NOT going to accpet this. I knew better from everything that I had been taught. Persistence and did exactly what I was asked, but also asked what I knew was mine to have!!! Thanks for the great info here.......and thanks to JIM FEREBEE, the best teacher ever!


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