Tony Morales
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  • Elva Branson-Lee

Tony Morales's Discussions

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

Nationstar Auction Process

Started this discussion. Last reply by Tony Morales Dec 11, 2014. 4 Replies

As many of you may know, Nationstar now runs their short sales through Homesearch.com instead of Auction.com. And in case you were not aware, Homesearch is owned by the same investors that own…Continue

Bank Of America Vendor Seneca

Started Aug 12, 2014 0 Replies

Formally AMS Servicing.  This company has to be the worst vendor B of A has ever used. It appears their employees are low wage and very untrained. They do not answer their phones and calls are not…Continue

 

Tony Morales's Page

Latest Activity

Tony Morales commented on Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
"Dimitri  try to talk to only the Utah office and not the Florida office. There is a huge difference of customer service between these two offices.  When I call and ask if I have reached the Jacksonville office and told yes  I say…"
Aug 8
Tony Morales commented on Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
"In my previous employment in a short sale department  we would consider those low value properties and approve a flat fee instead of a commission.  Usually around $3,500.00. In the future, if you have a similar short sale, demand a flat…"
May 9
Tony Morales commented on Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
"So is it similar to a Transaction coordinator or office administration fee? which here in Calif ranges from $300-450. if so then it may apply on standard sales but not on short sale  be thankful that the other short sales you did not not have…"
May 9
Tony Morales commented on Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
"Kimberly, I don't understand the issue.  Is the listing agent splitting their commission with you?  Are you charging the buyer a separate fee above what the listing agent is giving you?  and what would that fee be for anyway?"
May 9
Tony Morales joined Mayra Espinosa CDPE, HAFA, SFR's group
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SPS Select Portfolio Servicing, inc

For Short Sale - OverviewHomeowners interested in pursuing a short sale, can call 888-818-6032 to speak with a Loan Servicing RepresentativesTo speak to a Loan Servicing Representative to Help you with answers to your questions regarding the status or history of your account call please call 888-818-6032Representatives are available Monday through Thursday from 8:00 AM to 11:00 PM, Eastern Time.Friday from 8:00…See More
May 4
Tony Morales commented on Suzanne McLaughlin's group NationStar Mortgage
"response to Neil  here is NS non auction guideline  If the sale price is 100% of their obtained value  or the net is 90% of it  then it bypasses the auction process. If a property has significant damage or repairs needed …"
Mar 28
Tony Morales replied to Johnny Escobar's discussion Servicer setting closing date BEFORE approval?
"reason #1  the investor guidelines give maximum days to close to avoid you requesting an extension reason # 2.  possibly the loan may be scheduled for service release to another servicer."
Feb 21
Tony Morales replied to Brett Goldsmith's discussion GET PUBLISHED BY Short Sale Super STARS
"TIP:   Call the lender first then do your homework Find out their guidelines on commissions, allowance to junior liens, electronic signatures allowed, foreclosure postponement, relocation incentive given or not and the documents they…"
Feb 21
Tony Morales replied to Craig Bartels's discussion use some of $3,000 relocation incentive for needed repairs for buyers FHA appraisal requirements? in the group Chase
"IMHO  the CHASE's  Executive Office is worthless  All they do is relay your dispute to the short department  they do not get involved or make any decisions"
Jan 24
Tony Morales replied to Craig Bartels's discussion use some of $3,000 relocation incentive for needed repairs for buyers FHA appraisal requirements? in the group Chase
"You definitely need management involved  I don't know how aggressive you are but I have learned in dealing with CHASE you must be extremely firm   Ask her for name and phone number of her supervisor or manager  Do not…"
Jan 24
Tony Morales replied to Craig Bartels's discussion use some of $3,000 relocation incentive for needed repairs for buyers FHA appraisal requirements? in the group Chase
"Craig.. I am assuming you are dealing with a processor instead of a negotiator  As I have stated on previous post that CHASE is more concerned with their audits then they are in approving short sales.  What is the name of person you are…"
Jan 24
Tony Morales replied to Craig Bartels's discussion use some of $3,000 relocation incentive for needed repairs for buyers FHA appraisal requirements? in the group Chase
"Deb  this is for FHA backed loans    Craig has not stated if it is an FHA  or not"
Jan 23
Tony Morales replied to Craig Bartels's discussion use some of $3,000 relocation incentive for needed repairs for buyers FHA appraisal requirements? in the group Chase
" I would not ask CHASE if can use the incentive funds for repairs  but ask them does the investor on the loan allow for lender required repairs for an FHA buyer.  Also how much is the estimate to replace two windows?"
Jan 23
Tony Morales replied to Jackie Gonzalez's discussion Chase slow to give approval letter in the group Chase
"Amen  Brother!"
Nov 29, 2016
Tony Morales replied to Jackie Gonzalez's discussion Chase slow to give approval letter in the group Chase
"There you go!  remember most low lever reps at CHASE are reading scripts that are dictated to them. such as saying it takes 3 days to send the approval letter  The Closer always have the ability to generate the letter immediately"
Nov 29, 2016
Tony Morales replied to Jackie Gonzalez's discussion Chase slow to give approval letter in the group Chase
"Jacqueline  this is what you need to do call them and state the buyer is cancelling TODAY  do not accept the standard response of  " it takes 3-5 business days to approve the letter"  Do not go to escalation…"
Nov 29, 2016

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

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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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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