joe beauchamp
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  • Atco, NJ
  • United States
  • NJ
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joe beauchamp's Discussions

Daily Show discusses Residential Evil, OCC and MERS, banks and the fed

Started this discussion. Last reply by joe beauchamp May 9, 2013. 2 Replies

I have my $300 check - haven't tried to cash it yet - have 30 days to see if this U.S. gov't check will bounce, like others. I don't know which of my property losses this $300 is to "compensate" for…Continue

 

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Latest Activity

joe beauchamp replied to Donna Gallegos's discussion Wells Fargo and Lien Issues in the group Wells Fargo Short Sales
"This is very common. The bank's title dept does a search and all kinds of ridiculous stuff comes up. They don't care that your client is Anne and the listed person is Frank, or that the person in the search is 25 and your client is 68. So,…"
Mar 5, 2015
joe beauchamp commented on Wendy Rulnick's group Bank of America Short Sales
"Melissa, it is not clear what documents you are referring to. Most likely, we are talking about the typical incompetence of the BOA processor. You can talk to escalations about the problem, you can also talk to HUD. With BOA, the first call to HUD…"
Aug 20, 2014
joe beauchamp replied to Andreia Dasilva's discussion Please help me with a Fannie Appraisal Value Issue in the group Fannie Mae
"OH, I thought you wrote that you already did a BPO and appraisal so that ship had sailed. Seemingly, that is not the case. If they closed the file in Equator because you didn't object in time, that is your fault, but no big deal, they are…"
Jul 16, 2014
joe beauchamp replied to Andreia Dasilva's discussion Please help me with a Fannie Appraisal Value Issue in the group Fannie Mae
"You need to be persistent. These people count on them being paid hourly and you getting less and less per hour for all the extra work they throw at you. If you were diligent in explaining in the BPO why your property is worth less than each comp or…"
Jul 15, 2014
joe beauchamp replied to Myra McCaskill's discussion Can you do a FHA HUD Short Sale if the property is vacant?-Lender tells me no and would need HUD Approval in the group FHA - HUD Short Sales
"The only thing that I have ever run into is to say that the property is not maintained. Since it isn't defined, I've had negotiators ask for more insane detail - the worst was for someone still living there. Had to say all kinds of things…"
Jun 30, 2014
joe beauchamp replied to Donna McClelland's discussion THE POSSIBLE REASON FOR THE FANNIE MAE APPRAISAL ISSUE? in the group Fannie Mae
"You might get them to be reasonable by badgering them. Obviously, you haven't been doing short sales. Integrity and honesty is usually a last resort with banks and FNMA. If you have exhausted that route (I assume you have with the appraisal…"
Jun 25, 2014
joe beauchamp replied to Donna McClelland's discussion THE POSSIBLE REASON FOR THE FANNIE MAE APPRAISAL ISSUE? in the group Fannie Mae
"Call me crazy, and some have, but I've never seen FNMA tied into an FHA loan. If it is FHA, the ATP states the value and you need to net x% of that value. FNMA ain't involved. Talk to HUD if you really have the ATP and all. FNMA has…"
Jun 25, 2014
joe beauchamp replied to Brook Simmons's discussion Wells Fargo Negotiator Not Responding in the group Wells Fargo Short Sales
"If it is FHA, your best escalation is via HUD. WF has gotten worse in the last year, cares less than the pittance it used to. I've had to get HUD involved multiple times, which is absurd when you need to get "the boss" to crack the…"
Jun 23, 2014
joe beauchamp commented on Wendy Rulnick's group Chase
"Some people are turning simple issues into treasonous offenses here that require a platoon of lawyers to fix. I've had very few short sales go sailing through. Almost all of them have some issue. Geez, it really isn't rocket science.…"
Jun 4, 2014
joe beauchamp commented on Wendy Rulnick's group Chase
"I wouldn't bet that you have fewer problems than more. Banks don't like to deal with properties not in the noteholder's name. On the other hand, assuming that the deed to the new owner was recorded, that could make things a lot faster…"
Jun 3, 2014
joe beauchamp replied to johnna lodge's discussion HELP. BOA NOt ACCEPTING HOA or small OCWEN 2nd, Need resolved in 1 day in the group Bank of America Short Sales
"Yes. However, don't expect it to fly. HOA fees are often a problem and HUD is not going to pay extra."
Jun 2, 2014
joe beauchamp replied to johnna lodge's discussion HELP. BOA NOt ACCEPTING HOA or small OCWEN 2nd, Need resolved in 1 day in the group Bank of America Short Sales
"Nope. You are stuck. Although BofA and Wells Fargo have no trouble overstepping their authority in rejecting things, there are a lot of firm rules for FHA. Your only recourse on those is to ask for a variance from HUD - that takes at least a week.…"
Jun 2, 2014
joe beauchamp commented on Wendy Rulnick's group Chase
"Mike, a state tax lien probably means for income tax and not real estate tax, which is local. Different thing. You have to deal with the state tax dept, gov't employees usually incented by donuts and vacation and not getting something off of…"
Jun 2, 2014
joe beauchamp commented on Stephanie Lim's group FHA - HUD Short Sales
"I've gotten some good ones from BofA, but never that one. The loan is FHA insured and the investor didn't want to be paid? Yeah. But then I hadn't run into someone with 2 FHA loans, either. You need to email your authorization to HUD.…"
Jun 1, 2014
joe beauchamp replied to Barbara A. Reagan's discussion Equator Won't Take My Short Sale in the group Bank of America Short Sales
"Since it probably is the right number, someone already put it into the system to do a short sale and it is in their queue. In any case, you need to call the SS dept and see what is up. Of course your authorization needs to be in before they will…"
May 25, 2014
joe beauchamp replied to Joe Henry's discussion doing a short sale with Chase and it isn't pretty - delay after delay in the group Chase
"I assume you aren't used to short sales. Banks like Chase, BofA, WF do not want short sales to go through, it hurts their bottom lines. They are by no means a customer service for you. They are paid every month by the investor to…"
May 9, 2014

Profile Information

First Name
joe
Last Name
beauchamp
Are you a...
3rd Party Negotiator
State
NJ
City
Atco

Joe beauchamp's Blog

Fast postponement in UT?

Posted on August 2, 2010 at 10:41pm 0 Comments

I'm looking everywhere. I'm sure I've been hit by the insipid brain-dead ghosts of the Equator night who never read a thing about files and can only hit the deny button.



Got a trustee sale tomorrow - no previous postponements, set to close 8/9, as usual, the buyer has been begging to get the approval and short sale done long ago, and this moron (no contact info of course) claimed that the postponement is denied because of investor guidelines. What guideline? Donut is getting cold, I… Continue

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At 11:01am on December 15, 2010, Leonard Williams said…

Thanks Joe. I finally closed that file. :-)

At 10:35pm on October 8, 2010, Leonard Williams said…
Thanks Joe, let me explain. We are out of negotiations, the buyers FHA appraisal came back at 105K? They would not pay for an appraisal until I had an approval from the bank. When the appraisal came back, it was 105k FHA appraiser are assigned by the government, not the buyer or the buyers lender.
At 7:57pm on October 7, 2010, Leonard Williams said…
Help! I have a B of A 1st and 2nd Short Sale. Purchase price 110k, I have Approval in hand at 110k, FHA appraisal came back at 105k need some advice on negotiating this one, any advice?
 
 
 

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