All Blog Posts (2,089)

PHH Mortgage CitiMortgage

1st mortgagee, PHH is requiring Citi, 2nd Mortgagee to provide Deficiency Waiver. PHH is giving defiency waiver. Borrower is investor recently discharged from bankruptcy. Citi, who is getting the usual $6,000 says no.

Since PHH is not giving waiver out of the goodness of their heart I'm assuming the borrower bankruptcy is the reason. If so anybody have an opinion why Citi is unwilling?

Added by Alfred R Wetzel on April 24, 2015 at 5:22am — No Comments

Getting your Ducks in a Row before Purchasing your Next Home

The real estate downturn of the mid-2000s is mostly over and the market is heating up, with prices rising in all over the U.S. In Wisconsin, the real estate market might be even healthier than in other locales, with new and existing home prices expected to rise 2.4 percent by early 2016. It might just be the perfect time to buy, but before you make any offers, you need to do a little planning to make sure you can pay out over the long run,…

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Added by Michael Collins, CDPE, SFR on April 22, 2015 at 3:17am — No Comments

What You Need to Know About Australia's Rate-Busting Franchise Success

Can franchising be the turning stone in the financial progress of Australian investors?

Reveal the story behind the over 90% prosperity in the Australian franchise sector and discover how becoming a small business owner developed into a winning strategy for ambitious entrepreneurs…

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Added by Veronika Adriane on April 21, 2015 at 8:00am — No Comments

Wisconsin March 2015 Housing Statistics

Home Sales and Median Prices Grow Substantially in March

The Wisconsin housing statistics are in for the month of March, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:


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The Wisconsin housing market grew substantially in…

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Added by Michael Collins, CDPE, SFR on April 20, 2015 at 6:05am — No Comments

Wisconsin February 2015 Housing Statistics

Welcome-to-Wisconsin Home Sales and Median Prices Grow in February

The Wisconsin housing statistics are in for the month of February, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:


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The Wisconsin housing market showed…

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Added by Michael Collins, CDPE, SFR on March 25, 2015 at 2:17am — No Comments

One of my LONGEST Short Sales in many years!

Good grief!  Two notes..ok, I know it's going to be difficult, but so what?  Shorts Sales are never a slam dunk, and I've done so many now that that just didn't deter me. 

The first is with OCWEN, who have become much easier to deal with.  It's the second that have caused me problems.  Real Time Solutions..aaargh!!  So vague, and so not interested in making things…

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Added by Kimberley Kelly on March 16, 2015 at 2:20am — 1 Comment

What Is The Purpose Of An Appraisal?

What is the Purpose of an Appraisal?

 

A mortgage has many specific pieces involved in it. Obviously there is the money supplied by the lender to pay the seller for their asking price. There…

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Added by Michael Collins, CDPE, SFR on March 11, 2015 at 4:07am — No Comments

Chase short sale, FHA investor - Help!

I think Chase has gone off the rails, I have been working on this short sale since June, Chase wants appraised value, which of course if high.  The problem they are so understaffed they keep ignoring the file or kicking it out.  I have an offer in and they have turned down an offer and one has walked because of the repairs needed on the home.  I went to OPS and they told me the reason it is taking to long to respond is because each agent has over 200 files to work!  I was told by another…

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Added by Karen Curtis on March 7, 2015 at 7:37am — 1 Comment

10,000.00 incentive

is anyone aware if fannie and Freddie are giving the 10,000.00 relocation incentive

Added by Tony and Robin Pickett on March 7, 2015 at 3:56am — 1 Comment

USDA Short Sale

Any one had this happened before.  The day after closing I received a call from my seller stating USDA intercepted his tax refund?

Added by Madeline Soto on March 6, 2015 at 7:43am — No Comments

SEEKING FAMILIES IN FINANCIAL TROUBLE

Is Your Family dealing with a financial crisis?



New TV show for SPIKE TV may be able to help.



Looking for families who are living above their means , downsizing , maxed out, or facing foreclosure of home or business . 



Corporate strategist and fortune 500 Business Strategist, Victor Antonio, will meet and help families who are facing a fiscal calamity.



With a mix of expert guidance and tough love,…

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Added by Rob Marrocco Jr. on March 2, 2015 at 8:21am — 1 Comment

Cape Coral Short Sale Question: How Is Short Selling A Rental Different From Your Personal

How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone short selling their own home? Brett."



Here was our answer to Brett's question Yes, short selling a rental property is much different.



(The scenarios below are for a property you bought as a rental, not a property you bought to live in and then started to rent…

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Added by Donna M Bishop on March 2, 2015 at 6:21am — No Comments

Wisconsin January 2015 Housing Statistics

January Home Sales Fall as Prices Continue to Rise

The Wisconsin housing statistics are in for this January of 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

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Existing home sales fell in January but median prices rose at a healthy…

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Added by Michael Collins, CDPE, SFR on February 26, 2015 at 5:16am — No Comments

hafa short sale 2nd lien money

is anyone aware of how much the 2nd lien holder gets, I was told by one lender the amount is 12,500.00

Added by Tony and Robin Pickett on February 25, 2015 at 6:43am — 1 Comment

How to Winterize Your Real Estate Business

Real estate agents are small business owners trying to earn an income and gain wealth. They have to steer their business through rough waters, deal with decreases in commission, handle difficult clients and compete with hundreds of other agents in the industry. You need a road map for success so you don’t get lost.  This article will show you how to winterize your real estate…

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Added by Carolyn A Best on February 20, 2015 at 6:00am — 2 Comments

Update Hubzu - Ocwen

So last week the house was broken into. The copper pipes were stolen from the basement only. We are still waiting for Hubzo to approve the application to post the house. We have been ready to close for months now. This could have been avoided if they accepted the offer months ago. Now we have to decide if we want to pay to replace the pipes be cuase the homeowners insurance policy
does not cover theft. This sucks. Ocwen has had the file for months

Added by Heather on February 8, 2015 at 11:08am — No Comments

Finding the Elusive Starter Home

Finding that Elusive Starter Home

The past few years have brought several changes in the real estate industry. The housing bust of 2006-08 led many people to either sell or walk away from their home. As the market is continuing to rebound, many investors have scooped up homes at affordable prices and are offering them as rental properties. In addition, other…

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Added by Michael Collins, CDPE, SFR on February 4, 2015 at 5:38am — No Comments

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 11:41am — 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 8:37am — 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 7:30am — No Comments

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