Steve prashad
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Financial Freedom HECM

Started this discussion. Last reply by Steve prashad Nov 15, 2016. 4 Replies

Hello All-I see a few threads about doing a short sale with reverse mortgages.Has anyone had luck with closing a short sale with Financial Freedom with a reverse mortgage?Also, anyone have an…Continue

Tags: financial, freedom, sale, short, mortgage

2nd lien holder CHASE DENIED short sale

Started this discussion. Last reply by Catherine Gheen Apr 19, 2016. 5 Replies

Hello All-I'm doing a short sale with HSBC as 1st lien and Chase as 2nd lien. HSBC has approved the short sale but Chase has denied the short sale. The reason they gave the seller is that they do not…Continue

 

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Steve prashad replied to Steve prashad's discussion Financial Freedom HECM
"My seller actually filed a complaint with the CFPB against Financial Freedom and to our surprise he received a letter with an ACTUAL escalation specialist that is looking into the value dispute.  I find it funny because before the CFPB…"
Nov 15, 2016
Steve prashad joined Sara Mehrpouyan Los Angeles CDPE's group
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PennyMac Loan Servicing

This group is for information, tips and solutions for PennyMac Short Sales.See More
Nov 9, 2016
Steve prashad joined Lillie Handy Dominguez's group
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Approved Short Sales (letters)

I believe this will be helpful to anyone wanting to view Short Sale Approval Letters.Please upload approval letters and HUDs of interest. Be sure to mark out any personal information as names and addresses.See More
Nov 2, 2016
Steve prashad 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
Oct 31, 2016
Brett Goldsmith replied to Steve prashad's discussion Financial Freedom HECM
"That sucks, no easy solution. When does the value expire?"
Oct 31, 2016
Steve prashad replied to Steve prashad's discussion Financial Freedom HECM
"Hi Brett- thanks for the response. I've tried requesting a manager or an escalation department and the negotiator there is no such thing at CIT bank. I am going try HUD. Hopefully they can offer some help. It's frustrating to say the…"
Oct 31, 2016
Brett Goldsmith replied to Steve prashad's discussion Financial Freedom HECM
"I've closed a few. Smaller departments and often not as strong as communication due to volume of files vs workers. Have you reached out to any managers in that department? You can try to reach out to HUD, but often they push you back to the…"
Oct 6, 2016
Steve prashad joined Mori Langshaw Sr's group
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Reverse Mortgage Short Sales

If you have a client that has done a reverse mortgage and now needs to short sale, this is the groupSee More
Oct 5, 2016
Steve prashad joined Jim Schneider's group
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BPO

Upset that the bpo was too high? Think the bank or MI is asking for too much? No idea how to price your short sale? Find out here.See More
Oct 5, 2016
Steve prashad joined Jeff Payne's group
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Finding the investor

This group is for sharing how to reach the investors on your short sale.  Please post your methods and contacts for finding the investor.See More
Oct 5, 2016
Steve prashad posted a discussion

Financial Freedom HECM

Hello All-I see a few threads about doing a short sale with reverse mortgages.Has anyone had luck with closing a short sale with Financial Freedom with a reverse mortgage?Also, anyone have an escalation contact that they deal with? I am having poor communication with the person handling my file at Financial Freedom.Thanks in advance!See More
Oct 5, 2016
Catherine Gheen replied to Steve prashad's discussion 2nd lien holder CHASE DENIED short sale
"steve can you please email me outside at catherinegheen@gmail or call my cell at 831-206-5627"
Apr 19, 2016
Steve prashad replied to Steve prashad's discussion 2nd lien holder CHASE DENIED short sale
"Catherine- when I first received the message on equator. Chase's reply was that the short sale was denied due to offer being too low and to have the seller call in. Once the seller called in, they gave a different story saying that they will…"
Apr 19, 2016
Steve prashad replied to Steve prashad's discussion 2nd lien holder CHASE DENIED short sale
"Brett- the property is fire damaged. The buyer is purchasing the property under his company (corporation). I do not have the same last name as him. They explained to the seller that they will move forward ONLY if there is a new buyer and…"
Apr 19, 2016
Catherine Gheen replied to Steve prashad's discussion 2nd lien holder CHASE DENIED short sale
"Did you ask Chase why they are saying they don't want to do business with you?  Do you have any disciplinary actions with the Department of Real estate in your state? I would ask to speak to a manager and find out more information"
Apr 19, 2016
Brett Goldsmith replied to Steve prashad's discussion 2nd lien holder CHASE DENIED short sale
"Do you two have the same last name or anything at all? If buyer is switched will they move forward with a new review? Brett@ishortsalenow.com www.ishortsalenow.com 310-564-6389"
Apr 19, 2016

Profile Information

First Name
Steve
Last Name
Prashad
Are you a...
Agent
State
Ny
City
Bronx

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