Does anyone have any suggestions as to how we would identify the MI Company on a first lien with Wells Fargo?
We would like to speak with them directly but don't know how to get to them.
Any input would be greatly appreciated.
Hi folks. I had a seller call me earlier this week needing a Short Sale agent ASAP!! He hasn't made payments for many months and had actually already moved out of the property expecting to be foreclosed on any day now. Chase sent him a letter and fortunately instead of just throwing it away thinking it was another collection attempt he opened it.
Inside was an offer he couldn't refuse. Stay in the house, maintain it, bring them a contract at FMV (fair market value) and they will…Continue
Added by Bion Grady on December 30, 2010 at 6:30am — No Comments
Added by Bion Grady on December 28, 2010 at 6:26am — No Comments
Added by Bion Grady on December 27, 2010 at 7:50am — No Comments
I am a real Estate agent that had a client with a negotiator (she was the CEO of the title company) She became so busy that she basically gave up on our short sale. I have decided to take over the negotiation portion myself and then just use her for title since the buyers money…Continue
Added by Bion Grady on December 22, 2010 at 7:26am — No Comments
In my ten years in general residential brokerage in the Lake Norman area of North Carolina I've seen a major change in the way I need to plan my business. In our region, which includes the Charlotte area, we did not experience the "bubble" to the extent that of other areas of the country did except for the Lake Norman waaterfront community which had a 29% price increase in 2007. Generating business in multi million production numbers was accomplished if one stayed focused & directed…Continue
Added by Denyse Naylor on December 21, 2010 at 10:37am — No Comments
Added by Bion Grady on December 21, 2010 at 8:05am — No Comments
We have a client with a sale date of this Wed. Provident has totally drug their feet with the file and just denied it this am not leaving us much time to meet their new required net. We have been checking back with them for many weeks with no good communication from them.
Does anyone have any contacts within Provident for quick escalation? Any names and contact information would be greatly appreciated!
Owens & Perkins…Continue
Added by Jeanne Johnson on December 20, 2010 at 10:31am — No Comments
From the Associated Press.....
Arizona, Nevada sue BofA over loan modifications PHOENIX – Dec. 20, 2010 – Attorneys general in Arizona and Nevada filed civil lawsuits Friday against Bank of America Corp., alleging that the lender is misleading and deceiving homeowners who have tried to modify mortgages in two of the nation’s most foreclosure-damaged states.
Bank of America violated Arizona’s consumer fraud…
Added by Bryant Tutas on December 20, 2010 at 9:07am — No Comments
Wells Fargo just approved this home in The Woodlands, Bluewater Bay, Niceville Florida, for a VA Compromise Sale. A VA Compromise Sale is similar to a…
Added by Wendy Rulnick on December 16, 2010 at 3:47pm — No Comments
I have searched through this site and cannot find the answer I am looking for, so perhaps collectively we can use what we have learned and post the data here..
I am looking for a list that shows what % on average each 1st lender will pay out to 2nds, and what each 2nd on average will accept to release their lien.…
Added by Pat Glenn on December 16, 2010 at 12:30pm — No Comments
Added by Bion Grady on December 16, 2010 at 5:18am — No Comments
Added by Bion Grady on December 15, 2010 at 10:48am — No Comments
How To Make A Buyer Walk - Destin, FL Short Sales
Click the link below to search Destin and Santa Rosa Beach, FL Short Sales.Continue
Has anyone had any luck with Key Bank on their short sales? Supposedly they need lender specific paperwork for their short sales, but won't send it out until the homeowner calls in and verbally agress to a deficiency...does anyone have a key bank short sale packet? They are like PNC with wanting the homeowner to agree to a deficiency right off the bat...trying to find a way around it! Any tips are appreciated.
Thank you :)
Has anyone had any experience with Provident as the first? Do you have any contacts to whom one can escalate a file? (supervisor, manager, etc.)
We have a sale date of 12/22/10 and the negotiator does not appear to be doing anything with the file and they say they won't postpone sale dates without approvals. We already have the approval from the second which they have. The negotiator is NOT answering any of my emails.
Thanks for any input you may…Continue
Added by Bion Grady on December 13, 2010 at 9:24am — No Comments
I have a SSA specifying that borrower is still responsible for the deficiency of the original loan.
I called Chase to get this removed and they are now requesting a contribution of 20% of the loss (close to $ 30K in my case) to grant the waiver. They also stated that will evaluate any "reasonable" contribution.
This is related to a primary home, one mortgage (never refinanced) and it seems really unusual that they are requesting this 1 month away of the proposed closing…Continue