Jim Schneider's Blog (2)

Wells Fargo short sale approved in 60 days!

Feeling good on this one, sixty days from contract to short sale approval. Investor was Freddie Mac.

Added by Jim Schneider on May 24, 2012 at 12:17pm — 2 Comments

How to Find the MI Company

If I see there was less than 20% down at purchase (without a piggyback) or if I see the servicer changing since the loan was issued, I assume there is MI either paid for by the seller or added by the new lender when they bought the loan.

 

1st, I call the servicer and ask, REPEATEDLY, because you have to find the rep that hasn't got them memo not to give out this critical information. Get the MI company and the mortgage certificate number (it's like the account number for…

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Added by Jim Schneider on April 24, 2012 at 8:42am — No Comments

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