Tony Morales's Blog (4)

Short Sale with HERO Assessment

As anyone dealt with any short sale lenders that will agree to pay the HERO tax assessment?  Are lenders declining short sales due to the HERO being a "future" tax bill rather than a current or delinquent tax?  Need responses

Added by Tony Morales on April 9, 2018 at 12:59pm — 3 Comments

Franklin Still Killing Short Sales

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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Added by Tony Morales on October 22, 2015 at 8:11am — No Comments

Fannie Mae Countering above their own values

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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Added by Tony Morales on November 1, 2013 at 1:00pm — No Comments

Fight Back Against Nationstar

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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Added by Tony Morales on February 23, 2013 at 8:20am — 6 Comments

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