January 2015 Blog Posts (7)

Ocwen Short Sale-Help!!!!

Hi everyone,

We put a offer in on a short sale. It was submitted to the bank in October. There is two mortgages from what I know. Ocwen is the second holder from what we know. We were told in Novemeber that we would know in 10 days as it was submitted to the lender for final approval. Since then they have requested more paperwork from the sellers and we were told around Christmas time it was now in review for another 30'days. There is a attorney working with the sellers. We got a phone… Continue

Added by Heather on January 28, 2015 at 2:41pm — 4 Comments

Submitted Wells Fargo Home Mtg HAFA pkg. Processor is requesting "RFI PARTIAL LETTER"

The processor sent me another blank Request for Mortgage Assistance pkg(RMA) and says that the RFI PARTIAL LETTER is included in the income doc package? I can't find this form in the pkg? No response to my email or voice mail message to her. I called the liquidation dept and they said they could only send a message to processor to contact me. Anyone know what this document is? Appreciate it!

Added by Eileen Johnson on January 28, 2015 at 11:37am — No Comments

Wisconsin December 2014 Housing Statistics

Housing Market Ends Strong in 2014

The Wisconsin housing statistics are in for this December of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

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The housing market ended 2014 on a strong note with both existing home sales and…

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Added by Michael Collins, CDPE, SFR on January 20, 2015 at 10:30am — No Comments

HAFA Relocation Incentive Increases to $10,000 On 2-1-2015

Hi folks. Good news for folks that qualify for a HAFA Short Sale. As of February 1, 2015 the relocation incentive available to the occupant/borrower is increasing from $3,000 to $10,000!!

 

That’s right we may be able to get you $10,000 to assist you with moving from your property once the HAFA Short Sale is completed. These funds are paid to the OCCUPANT of the property even if they are not the owner/borrower.

 …

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Added by Bryant Tutas on January 20, 2015 at 10:20am — 2 Comments

HAFA short sale relocation assistance raised to $10,000 !!

Effective February 1, 2015, if short sale is approved through HAFA, $10,000 relocation assistance funds will be paid to property occupant.  This has been increased from $3,000.  Also, new directive states senior lien can allow up to $12,000 to junior lien up from $8,500 in the past.  Treasury will reimburse first lien $2 for every $3 they provide to junior lien at short sale closing.  All the HAFA changes are available on the link below:…

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Added by Wendy Haisley on January 15, 2015 at 9:23am — No Comments

got a resolve to HAFA for a deceased person - SPS

finally spoke with someone at SPS who knew what she was talking about.  She said a deceased person doesn't and wouldn't qualify for HAFA.  I would just have to have the PR, Executor or POA to sign the Hardship affidavit.  The bank still does a BPO and credit check -good luck with the credit check!  At least the issue has been resolved.

Added by Kathi on January 14, 2015 at 9:33am — No Comments

US Bank Short Sale/ Modification

Hello everyone

I have question.

I had a seller to call me about short selling her home. she was granted a modification a few months ago (which she accepted). Now she has decided she no longer wishes to proceed with the modification and wishes to apply for a short sale.  Has anyone had this situation before and what are the chances  of getting the short sale approved,being that they have already approved the modification?

Thank you

Added by Tammy Williams on January 13, 2015 at 6:39am — 3 Comments

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