Tony Morales
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  • Calif
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Tony Morales's Discussions

Fannie and Freddie Allow Short Sale Negotiator Fees

Started Apr 19 0 Replies

This was verified SHORT SALES AND DEEDS-IN-LIEU OF FORECLOSUREEffective September 1, 2019; however, Servicers may implement earlier if they are operationally ready to do soWe are revising our short…Continue

Fay Servicing Issues

Started this discussion. Last reply by Brett Goldsmith Feb 21. 3 Replies

Reaching out to see if anyone has had experience with this servicer.   They acquired loans from U S Bank in January and are trying  to go through a whole home retention review even though U S Bank…Continue

Wells Fargo HAFA Approval

Started this discussion. Last reply by Fiel Barrow Aug 5, 2016. 1 Reply

Am I dreaming...  sent full package To WF for 1st mortgage and 2nd WF Home Equity loan on July 25, 2016  The assigned negotiator/processor said he would handle both loans.  I received approval…Continue

HAFA Incentive to tenant

Started this discussion. Last reply by Kevin - Greenville, SC Apr 21, 2015. 6 Replies

Can a Section 8 tenant receive the $10,000  relocation incentive?Continue

 

Tony Morales's Page

Latest Activity

Tony Morales commented on Suzanne McLaughlin's group NationStar Mortgage
"Ale  there is no set net % with Fannie Mae  .  Of course they will always counter the submitted offer at the whatever value the BPO came in at. Thats not to say they will not approve a lower offer that is in the "ballpark"…"
Jun 3
Tony Morales posted a discussion

Fannie and Freddie Allow Short Sale Negotiator Fees

This was verified SHORT SALES AND DEEDS-IN-LIEU OF FORECLOSUREEffective September 1, 2019; however, Servicers may implement earlier if they are operationally ready to do soWe are revising our short sale and deed-in-lieu requirements in alignment with Fannie Mae and at the direction of the FHFA. These revisions simplify our short sale and deed-in-lieu requirements to improve the loss mitigation experience for Servicers and Borrowers Short sale negotiation feesAt the discretion of the real estate…See More
Apr 19

Profile Information

First Name
Tony
Last Name
Morales
Are you a...
3rd Party Negotiator
State
Calif
City
Rancho Cucamonga
My Profile
former loss mitigation employee worked in short sale dept at major lender for over 5 years. Also licensed real estate agent

Tony Morales's Blog

Short Sale with HERO Assessment

Posted on April 9, 2018 at 12:59pm 3 Comments

As anyone dealt with any short sale lenders that will agree to pay the HERO tax assessment?  Are lenders declining short sales due to the HERO being a "future" tax bill rather than a current or delinquent tax?  Need responses

Franklin Still Killing Short Sales

Posted on October 22, 2015 at 8:11am 0 Comments

I was hired by the listing agent to save this short sale  Franklin played their silly games. We offered $12,000.00   They countered back at $20,000.00  Buyer walked. Month and a half later obtained new buyer, whose offer was approved by  and the first lien holder, and allowing $20,000.00 to Franklin. They came back and countered at$28,000.00 claim they have new guideline. That is a crock.  This one will end up in foreclosure. Other than preaching to the choir, who can we reach out to stop…

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Fannie Mae Countering above their own values

Posted on November 1, 2013 at 1:00pm 0 Comments

If you are in a real estate market that is going strong and values are increasing then this applies to you. My reliable sources have informed me that Fannie Mae will counter your offer above what their BPO or appraisal came in at.

As of November 1, 2013 they are instructing servicers to submit  all offers to them where the net proceeds are less than what they have required They are stating that they want the sales price to be inline with how their REO's are handled.

They are…

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Fight Back Against Nationstar

Posted on February 23, 2013 at 8:20am 6 Comments

Nationstar has taken the position that they will dictate to agents and if you don't like it they will just close your file. Agents need to join together and not accept the silliness of Nationstar.  DO NOT ACCEPT 5% commission!  DO NOT ACCEPT that they will not pay title insurance or any other state regulated fees. Recently they closed my file because I questioned why they required a separate letter on a LLC buyer's letter head  their instruction said .....: Must…

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Comment Wall (3 comments)

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At 6:08am on October 29, 2018, Brandy Nelson said…

Not a lot but yes there are distressed properties.

At 5:56am on April 10, 2018, Brandy Nelson said…

Thank you.  Not a lot but there are more and more short sales I am seeing.

At 12:19pm on July 1, 2016, Donna Perry said…
Tony: I need to talk to you ASAP. Have a short sale that I just got my second offer on and now they want to go to auction....again. Please send me your number....so frustrated Donna Perry
508-287-4186
Massachusetts real estate agent
 
 
 

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