Theresa McDonald
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Theresa McDonald's Discussions

Need VA SS specialist in Hinesville, GA

Started this discussion. Last reply by Nolberto Jul 24, 2013. 12 Replies

I need some help for a friend's son.  He is in active military, bought a property with VA loan.  Mobile Home and about an acre in Hinesville, GA.  He has long been moved away, and will be seconded to…Continue

 

Theresa McDonald's Page

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Kevin - Greenville, SC replied to Theresa McDonald's discussion Best Way to escalate to Freddie Mac? in the group Freddie Mac
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Mar 24, 2014
Alexis Adams replied to Theresa McDonald's discussion Best Way to escalate to Freddie Mac? in the group Freddie Mac
"What is the hardship? I If the servicer does not see the hardship, they will counter at full payoff. I would recommend calling the 1-800-FREDDIE and select option 2. "
Mar 24, 2014
Theresa McDonald added a discussion to the group Freddie Mac
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Best Way to escalate to Freddie Mac?

Servicer is US Bank and they are countering at $205,000(what borrower owes)when best offer/contract was $162,000, FMV nowhere near their number.  I don't think this makes sense - need to talk to Freddie Mac.See More
Mar 24, 2014
Theresa McDonald joined Jim Schneider's group
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Freddie Mac

Information on Freddie Mac, one of the largest mortgage investors in the world.See More
Mar 24, 2014
Theresa McDonald 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
Nov 12, 2013
Theresa McDonald joined Wendy Rulnick's group
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Bank of America Short Sales

This group is for information, tips and solutions for Bank of America Short Sales.  See More
Nov 6, 2013
Theresa McDonald added a discussion to the group VA Compromise Sales
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VA compromise sale with mechanic's lien

I am doing a VA short sale with Bank of America servicer and it would be generally quite painless except that the seller has an outstanding loan with Piedmont Natural Gas for a new HVAC system that was installed about 3 years ago.  BofA is saying they will not allow this lien to be paid in the short sale - even if buyer increased their offer.  Sale cannot close if this lien is not released.  Has anyone had any experience negotiating with Piedmont Natural Gas specifically?  NC folks?Seller is…See More
Oct 11, 2013
Theresa McDonald 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
Oct 11, 2013
Nolberto replied to Theresa McDonald's discussion Need VA SS specialist in Hinesville, GA
"Yes, Jeff I could use some help with those. What happens is that working for the biggest servicer in the country for many years with a large portfolio in my pipeline, I personally, never did close a current borrower applying for SS. I've seen…"
Jul 24, 2013
Jeff Payne replied to Theresa McDonald's discussion Need VA SS specialist in Hinesville, GA
"Looks like you could use some help with your limiting beliefs"
Jul 24, 2013
Jeff Payne replied to Theresa McDonald's discussion Need VA SS specialist in Hinesville, GA
"Angel, I would if I was from Georgia.  "
Jul 24, 2013
Nolberto replied to Theresa McDonald's discussion Need VA SS specialist in Hinesville, GA
"Jeff, if you are so good a closing those current, well perhaps you could  help the active member above. "
Jul 24, 2013
Jeff Payne replied to Theresa McDonald's discussion Need VA SS specialist in Hinesville, GA
"Angel, your last post is very hard to understand?  Are you saying that you have never done a short sale with a current borrower?  I am from Florida and we do it quite often."
Jul 24, 2013
Nolberto replied to Theresa McDonald's discussion Need VA SS specialist in Hinesville, GA
"Ron,  A SS provision is not mentioned in the SERVICEMEMBERS CIVIL RELIEF ACT OF 2003 EXAMINATION PROCEDURES, however, doesn't mean it can be done. It all depends on the investor's delegation towards the servicer.  Short Sales…"
Jul 24, 2013
Jeff Payne replied to Theresa McDonald's discussion Need VA SS specialist in Hinesville, GA
"Good point Ron, the short sale may not impact the credit score much if they do not miss a payment but it can certainly affect the time period to be able to purchase again in many cases. I have seen credit scores raise after a short sale.…"
Jul 24, 2013
Nolberto replied to Theresa McDonald's discussion Need VA SS specialist in Hinesville, GA
" Jeff  you are correct. I forgot about that provision.  He will qualify for all the benefits of Sailors act as an active member. I've seen SS completed with current mortgagors while in BofA He will need to contact the servicer…"
Jul 24, 2013

Profile Information

First Name
Theresa
Last Name
McDonald
Are you a...
Agent
State
North Carolina
City
Charlotte

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