Bill Garrett
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Bill Garrett's Discussions


Started this discussion. Last reply by Ben Benita Oct 9, 2018. 2 Replies

Any guidance on working with Quicken on a short sale? Forms and docs needed? Contact info? Thanks.Continue


Started Apr 10, 2017 0 Replies

Looking for a tax professional who has experience with the application of Mortgage Debt Relief Act.  I have a very large short sale.  The contract was signed in 2016, hence the Act still applies. I…Continue

TRID & The Short Sale Settlement: Who's Doing What, When??

Started this discussion. Last reply by Vikki Lucas Dec 7, 2015. 5 Replies

As we move forward into this unknown TRID world, I know I would welcome any info about what you folks are discovering about this TRID stuff.   Pooling our experiences should help with the learning…Continue


Bill Garrett's Page

Latest Activity

Bill Garrett commented on Wendy Rulnick's group VA Compromise Sales
"Thanks, as always, Wendy.  I know you've handled a couple of these VA Compromise Sales. I knew the impact on the remaining entitlement had always been this way, but I thought I might have missed some update that made the VA policy more…"
Apr 13, 2019
Bill Garrett commented on Wendy Rulnick's group VA Compromise Sales
"Is current policy for  VA to waive the deficiency balance?   Thanks."
Apr 12, 2019

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Bill Garrett's Blog

Incarcerated Seller

Posted on January 26, 2011 at 7:25am 3 Comments

I have a short sale selling homeowner who finds himself an involuntary guest of the state.  Looks like he may be there for the foreseeable future, likely to be years not months.  He has a conventional FNMA mortgage (and a second mortgage), both with First Franklin.


I anticipate and can handle the logistic complications of getting docs signed, etc. but wonder if anyone has had a similar experience with a locked up-seller.  What, if any, impact would that key fact have on the…


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