Tom Braunagel
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Tom Braunagel's Discussions

How to escalate a Nationstar Issue

Started this discussion. Last reply by Wayne Brooks Nov 1, 2013. 2 Replies

Nationstar has given me an approval verbally (via equator).  They requested an updated HUD AND second bank approval.  The second bank will not give an approval based on an offer that the first has…Continue

Tags: approval, second, Nationstar

Title 409 - Agricultural Property

Started Oct 26, 2012 0 Replies

I'm working with a client that is interested in doing a short sale.  They qualify with a hardship.  The question in particular is their home is listed as 490 "agricultural property" for tax…Continue

OCWEN and HAFA

Started this discussion. Last reply by Victor Mendoza Sep 23, 2014. 8 Replies

In working with OCWEN loan servicing and found out that the short sale I'm working on was not considered for HAFA.  I had submitted all paperwork including HAMP paperwork and when I asked about HAFA…Continue

Tags: Ocwen, HAMP, HAFA

Should we suggest to our clients to be late in their mortgage payment for a successful short sale?

Started this discussion. Last reply by Team Musser Aug 20, 2012. 22 Replies

Wells Fargo and Chase will be involved in the short sale of a house. I called both banks and asked about their policy to implement a short sale before a client was late... Before they ran out of…Continue

 

Tom Braunagel's Page

Latest Activity

Tom Braunagel replied to Wanda martinez's discussion AUCTION after executed contract???? to 2 veterans???? in the group NationStar Mortgage
"Wow Wanda.  That almost seems illegal with the doors open to a law suit.  If you have an executed contract between a buyer and seller, and then a third party comes in and sells the house to someone else....  seems like interfering in…"
Oct 20, 2016
Ben Benita replied to Tom Braunagel's discussion Initiation Package.... in the group Flagstar Bank
"Always BEST to call the bank and ask them directly. Certain banks have different fax numbers depending whether or not payments are late (if they are late there can be different fax numbers depending if they are 3, 6, 12 months behind, or, if the…"
Jun 6, 2016
Tom Braunagel added a discussion to the group Flagstar Bank
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Initiation Package....

Is there a fax number to send the SS initiation package to?  I'm only finding a mailing address.  Thanks!See More
Jun 6, 2016
Tom Braunagel replied to Safinaz baksh's discussion Nation Star stating it is Mandatory for a NY seller to sign Auction.com agreement in the group NationStar Mortgage
"I'm getting the same response from OCWEN.... who is making it mandatory to use Altisource HUBZU auction house.  Few questions: 1.  How can the OCWEN mandate who the buyer uses to sell their home? 2.  All parties sign an arms…"
Jan 30, 2014
Wayne Brooks replied to Tom Braunagel's discussion How to escalate a Nationstar Issue
"Sounds like Nationstar has approved it, based on the HUD you submitted, subject to 2nd mtg approval. Send that HUD along with a screen shot of the Equator message to the 2nd."
Nov 1, 2013
Shannon Noble replied to Tom Braunagel's discussion How to escalate a Nationstar Issue
"Hey Tom, You are correct. And, yes it doesn't make any sense at all.  For example, my 2nd is with Chase - got approval for $6k, then sent it to Nationstar only for Nationstar to counter.  Then had to get another approval from Chase…"
Nov 1, 2013
Tom Braunagel posted a discussion

How to escalate a Nationstar Issue

Nationstar has given me an approval verbally (via equator).  They requested an updated HUD AND second bank approval.  The second bank will not give an approval based on an offer that the first has not approved.  I'm at a standoff.  How can I escalate within Nationstar to realize what they are asking for doesn't make sense.  Really....how can you expect bank 2 to approve an offer that you haven't signed off on?  Ridiculous...  Any help is appreciated.See More
Nov 1, 2013
Tom Braunagel commented on Suzanne McLaughlin's group NationStar Mortgage
"Does anyone have an answer to Nationstar's position that they will NOT send out an approval letter on an offer until they get an approval letter from the second lien holder.  I in turn call the second and ask them to please approve the…"
Nov 1, 2013
Tom Braunagel joined Suzanne McLaughlin's group
Nov 1, 2013
Sheila Vardakis replied to Tom Braunagel's discussion How do you calculate a minimum payment to a second lien holder... in the group HAFA - Home Affordable Foreclosure Alternative
"Tom,   The crazy thing I have run into with 2nd liens demanding minimum HAFA payouts are that the first doesn't participate in HAFA so that would knock the 2nd from getting what is minimum.  These banks can cherry pick the program…"
Jun 25, 2013
Tom Braunagel added a discussion to the group HAFA - Home Affordable Foreclosure Alternative
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How do you calculate a minimum payment to a second lien holder...

I'm working a first with Nation Star and a second with 5 Lakes.   The first is Fannie Mae and is short with bal. owed $275k.  Second has a balance of $42,000.  We submitted HUD to second with payout to second of $6000.  The second is requesting minimum of $8500 quoting HAFA's minimum is $8500.  The first is telling me that $8500 is only true with a minimum balance of $60,000.  Since the second balance is less than $60,000, they don't have to pay $8500.  Can someone tell me where to find the…See More
Jun 24, 2013
Tom Braunagel commented on Rosemary Brooks's group HAFA - Home Affordable Foreclosure Alternative
"I'm working a first with Nation Star and a second with 5 Lakes.   The first is Fannie Mae and is short with bal. owed $275k.  Second has a balance of $42,000.  We submitted HUD to second with payout to second of $6000. …"
Jun 24, 2013
Tom Braunagel joined Wendy Rulnick's group
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Citi Bank

Citi Short Sale InformationSee More
Apr 27, 2013
Tom Braunagel replied to Myra McCaskill's discussion Green Tree 2nd Lien - Only need a short payoff for the 2nd lien - Have you done this? in the group Green Tree Servicing
"Hi Myra- I'm doing this exact scenario now.  My approach will be to get a payoff for the first and submit the short sale package to the second and treat the rest as usual.  How far have you gotten, and what have been the pitfalls?"
Apr 10, 2013
Tom Braunagel joined Wendy Rulnick's group
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Green Tree Servicing

All about Green Tree short sales.See More
Apr 10, 2013
Tom Braunagel replied to Steve Truman's discussion IRS Lien release about to expire - any way for an extension?
"The lien stays on title until the debt has been paid off or the IRS agrees to remove the lien under other arangements.  Not sure what you mean about the liens are about to expire...sorry."
Mar 10, 2013

Profile Information

First Name
Tom
Last Name
Braunagel
Are you a...
Agent
State
Connecticut
City
Trumbull
My Profile
Agent and owner of 110+ office specializing in distressed property sales. Also passionate about the green movement in real estate.

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At 11:06am on March 20, 2012, Wendy Rulnick said…

Welcome, Tom!

 
 
 

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