Comment

Comment by alisa hagner on February 6, 2013 at 1:35pm

you can use the escalation with hamp/hafa - go to page 2 for the forms the seller needs to sign https://www.hmpadmin.com/portal/resources/advisors/escalation.jsp

email the docs to [email protected]

send GT the RASS or alt RASS - see if you can't get the file moving to

Comment by wally pelaez on February 6, 2013 at 1:28pm

GOOD AFTERNOON,

I HAVE A SIMILILAR HAFA SHORT SALE GMAC-FIRST AND GREEN TREE-SECOND, I ALREADY HAVE THE GMAC APPROVAL, I JUST CALLED G.T TO ASK FOR THE STATUS AND THEY ARE REQUESTING $24K TO APPROVE THEIR HAFA SHORT SALE , THE FIRST IS OFFERING $8500 TO G.T BUT THEY REFUSED TO ACCEPT, THE NEGOTIATOR JENNIFER SAID THAT IF THEY DONT GET THE $24K THEY WILL CLOSE THE FILE.

WE ARE ALREADY SHORT BECAUSE THE ASSOCIATION IS AKING $10k AND THE FIRST IS ONLY CONTRIBUTING WITH $4K, THE BUYER AND I WILL COVER THE DIFFERENCE.

WE ALREADY HAVE A SALE DATE 03/15/2013. ANY SUGGESTIONS IN WHAT TO DO.? THANK YOU VERY MUCH...WALLY PELAEZ. 

Comment by Brian Wood on January 16, 2013 at 11:18am

Hi, I'm emailing you a second deal same issue with GT and Fannie Mae.  They countered to $128K, we submitted addendum.  Fannie Mae just declined asking for net of $166K, foreclosure date is 2/4/13.  Thanks!

Comment by Rachael Babinchak on January 16, 2013 at 7:14am

Did the foreclosure just happen?  Any chance for rescinding? email me: [email protected]

Comment by Gregory Holmes on January 15, 2013 at 6:05am

For all those who have had their FNMA shortsales declined irrationally of late, add another to the list.  They foreclosed on this poor guy.  Anyone have any knowledge of their likelihood to pursue a deficiency judgement on a 165 loan balance where they could at most be going after 40k?  the guy has no assets and it would mean them garnishing is disability income while he has 3 daughters in college but apparently FNMA/Greentree wasn't concerned with that enough to approve a reasonable offer in the first place so I have no reason to believe they will be fair/reasonable/human when it comes to the DF.  Anyone know?

Comment by Rachael Babinchak on December 14, 2012 at 10:32am

WELL!  This statement really PISSES ME OFF!:

This is why it is important to move as quickly as possible to facilitate the short sale.

tHEY PRESENT MORE HANGUPS THAT WE DO!

Comment by Patsy Clevenger on December 14, 2012 at 10:26am

Servicing Release Impacts on Short Sales
Bank of America services mortgage loans for hundreds of investors. As a part of normal servicing, investors may decide to release or transfer servicing from Bank of America to another company.
Servicing may be transferred on first, second or stand-alone liens. In most cases, once the servicing transfer occurs, the short sale process ends with Bank of America and the homeowner must contact the new servicer to determine what foreclosure alternatives may be available.

Real estate professionals should advise homeowners that, similar to foreclosure, a servicing transfer is a risk that may occur at any time during the short sale process. This is why it is important to move as quickly as possible to facilitate the short sale.

 Some key activities that may occur during servicing transfer:Bank of America will send the homeowner a letter 15 days before the servicing transfer date.Bank of America may call the agent to advise of the impacts to the short sale.The new servicer will send a letter or statement advising the homeowner where to send payments.If an offer has already been accepted on your short sale, a closing has been set and an approval letter issued, the new servicer will determine if the short sale will continue.

Comment by Lisa Cedillo on December 14, 2012 at 9:13am

Help... Anyone have experience with a Servicer Transfer in the middle of ESCROW? We have an Approved HAFA Bank of America short sale, which is scheduled to close prior to 12-31-12, to beat the debt relief deadline, and we were just now informed that as of 12-15-12, the loan has been transferred to a new servicer, Greentree!  In the middle of the escrow, actually 10 days into the escrow.  Are we going to have to start all over with a new approval?  The investor already approved it?  Now the sellers will miss the debt relief deadline.  Anyone have any experience they can share that will allow us to go through Greentree faster, since we already had an approval?  Thanks!

Comment by Jen Hill on December 7, 2012 at 10:26am

Sorry, Kevin, I second what Stephanie says.  I haven't actually tried this, but I've seen on here previously to call and ask for Jewell Newton, she is very cooperative and helps you through with almost everything you need to know on their SS Dept. Good luck!

Comment by Stephanie Hart CA 310-930-2342 on December 7, 2012 at 10:15am

Kevin...nothing is fast w/GT:(

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