Tony Morales
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  • Calif
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Tony Morales's Discussions

Wells Fargo HAFA Approval

Started this discussion. Last reply by Fiel Barrow Aug 5, 2016. 1 Reply

Am I dreaming...  sent full package To WF for 1st mortgage and 2nd WF Home Equity loan on July 25, 2016  The assigned negotiator/processor said he would handle both loans.  I received approval…Continue

HAFA Incentive to tenant

Started this discussion. Last reply by Kevin - Greenville, SC Apr 21, 2015. 6 Replies

Can a Section 8 tenant receive the $10,000  relocation incentive?Continue

Nationstar Auction Process

Started this discussion. Last reply by Tony Morales Dec 11, 2014. 4 Replies

As many of you may know, Nationstar now runs their short sales through Homesearch.com instead of Auction.com. And in case you were not aware, Homesearch is owned by the same investors that own…Continue

Bank Of America Vendor Seneca

Started Aug 12, 2014 0 Replies

Formally AMS Servicing.  This company has to be the worst vendor B of A has ever used. It appears their employees are low wage and very untrained. They do not answer their phones and calls are not…Continue

 

Tony Morales's Page

Latest Activity

Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"Before you go through all that trouble  the owner should just call them and see if they have that option. Also try to find out who the investor is"
Jul 25
Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"I am not familiar with the deficiency laws in Florida but if you are asking if they will take a short payoff from the current owner and the owner still lives in the property  that would seem very difficult. "
Jul 25
Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"they are still saying that if it is NOT a government investor then only option is a  deed in lieu  which brings up the issue if their are any junior liens"
Jul 25
Tony Morales replied to Bob Helmig's discussion CHASE HELOC pay commission to buyer's agent related to buyer? in the group Chase
"Yes"
Jul 25
Tony Morales replied to Juan Reyes's discussion Will Select Portfolio Servicing contribute to the 2nd lien in the group SPS Select Portfolio Servicing, inc
"Yes you were most likely speaking to a customer service rep in Jacksonville Fl.    SPS guidelines of proceeds to a 2nd lien are "investor specific"  meaning one investor may allow 8% of the unpaid principle balance owed…"
Jun 1
Tony Morales posted a status
"Has anyone done a short sale with Planet Home Lending? if so what is their process? easy to work with?, etc"
Apr 25
Brandy Nelson left a comment for Tony Morales
"Thank you.  Not a lot but there are more and more short sales I am seeing."
Apr 10
Brett Goldsmith commented on Tony Morales's blog post Short Sale with HERO Assessment
"Ok, I'm not aware of that financing aspect. Servicer generally won't pay for it in full from what I've seen. I can recall on one transaction we paid it off in full with agent commissions, etc."
Apr 9
Tony Morales commented on Tony Morales's blog post Short Sale with HERO Assessment
"Brett... a buyer, with exception for a VA buyer,  cannot obtain a loan when there is a HERO assessment.  no portion of it can be transferred.  How can you convince a short sale lender to cover the entire fee that really is not due…"
Apr 9
Brett Goldsmith commented on Tony Morales's blog post Short Sale with HERO Assessment
"Usually it's transferred with title to the new owner. Obviously the seller should disclose this to the buyer. Typically servicers will not pay the hero lien off in full. Depending on the servicer and investor you may be able to get some sort of…"
Apr 9
Tony Morales posted a blog post

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 responsesSee More
Apr 9
Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"Was it a letter or other correspondence from Caliber that you sent to him?"
Mar 6
Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"I am working with a rep at NAR  He is asking me to provide any written correspondence that any agent or seller has received from Caliber stating they will not allow them to do or short sale"
Mar 5
Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"I have had a lengthy discussion with a loss mit rep at Caliber  and he too is perplexed on this new policy. His Sr management gave them an explanation that they interpreted the new CFPB guidelines to conclude that due to the turn around of the…"
Jan 30
Tony Morales joined Brett Goldsmith's group
Jan 30
Brett Goldsmith replied to Tony Morales's discussion Carrington commission guidelines in the group Carrington Mortgage Services
"Many times. Always best to move forward and structure deals on the side of caution in these scenarios. [email protected] 310-564-6389 www.ishortsalenow.com"
Jan 29

Profile Information

First Name
Tony
Last Name
Morales
Are you a...
3rd Party Negotiator
State
Calif
City
Rancho Cucamonga
My Profile
former loss mitigation employee worked in short sale dept at major lender for over 5 years. Also licensed real estate agent

Tony Morales's Blog

Short Sale with HERO Assessment

Posted on April 9, 2018 at 12:59pm 3 Comments

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

Franklin Still Killing Short Sales

Posted on October 22, 2015 at 8:11am 0 Comments

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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Fannie Mae Countering above their own values

Posted on November 1, 2013 at 1:00pm 0 Comments

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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Fight Back Against Nationstar

Posted on February 23, 2013 at 8:20am 6 Comments

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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Comment Wall (2 comments)

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At 5:56am on April 10, 2018, Brandy Nelson said…

Thank you.  Not a lot but there are more and more short sales I am seeing.

At 12:19pm on July 1, 2016, Donna Perry said…
Tony: I need to talk to you ASAP. Have a short sale that I just got my second offer on and now they want to go to auction....again. Please send me your number....so frustrated Donna Perry
508-287-4186
Massachusetts real estate agent
 
 
 

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