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Help Me!

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Green Tree Fannie Mae 1st Ocwen GMAC 2d

Started by mike romone. Last reply by Kelly Magreevy Oct 12, 2015. 44 Replies

MIDFIRST BANK

Started by Bob Helmig. Last reply by Brian Avery May 7, 2015. 8 Replies

Need contact # for Guaranty Bank please.

Started by Evelyn Broxterman Sep 3, 2014. 0 Replies

Bank of America servicing USDA

Started by Jeff Struchen. Last reply by Jeff Struchen Aug 7, 2014. 2 Replies

SAFEGUARD BREAK INS

Started by Barbara Wing Mar 20, 2014. 0 Replies

Short sale finally closed now what......

Started by Cassandra Lynn Crull. Last reply by Brian Avery Feb 27, 2014. 1 Reply

Indymac/One West Bank- Urgent

Started by KIM KISER Jan 17, 2014. 0 Replies

Everhome Offer 109K above offer on short sale!

Started by Mark Gottlieb. Last reply by Mark Gottlieb Jan 12, 2014. 4 Replies

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Comment by Barbara A. Hill on June 29, 2010 at 10:39am
Sounds like the Seller is not behind in their mortgage. That would be a Non-Default loan. Not sure just my take on it. Let us know what you find out. Thanks Good Luck Barbara
Comment by Susan Motta Knight, LLC on June 25, 2010 at 7:57am
Heard of a Non-Default loan?
According to a negotiator Fannie Mae is turning our short sale down because it is a non-default Loan. This one is new to me. Anyone has any suggestions how to go from here?
Comment by Cathy Baumbusch on June 24, 2010 at 7:49am
Hello all! I just want to give Ben, Bryant and everyone else who HELPED ME! I finally got both approval letters from the 1st and 2nd trust on the nightmare deal I've been working on for the last 7 months!!!!!!!! I feel like the skies have opened up and rained down MANNA.
Thanks to you for directing me to Jigsaw.com- I talked to some folks at Freddie Mac and finally got through! Thank you thank you thank you. I can directly attribute this success to Short Sale Superstars! Now to get to closing!
Comment by Vicki on June 23, 2010 at 6:26am
Unfortunately,I was already told months ago that I can have no rights to contact BofA. I was just going to do it anyway if there was some way that I could do SOMETHING.
We haven't gotten a decline letter and in fact we JUST got the second extension letter for the 22 on the 22, YESTERDAY!
We were not in CONTRACT but we had a purchase agreement back in January.
Comment by Vicki on June 23, 2010 at 5:54am
From a Buyer:
HELP!
I am so nervous I am going to lose my house!
We got first approval letter on April 14th. We still weren't in contract at that time. We also hadn't begun funding.
We didn't get the contract sent back from the seller until about May 8th.
This really slowed our mortgage process. (FHA THROUGH WELLS FARGO.)
We have everything we need on the buyers end BUT they brought the appraisal into desk review.
Now BoA WILL NOT consider anymore extensions because we are over 60 days.
Wells stated that the desk review was going to take 24h-5days!!!
Is this the end for me? Am I going to have to wait all over again???
Is there ANYTHING I can do as a buyer? PLLLLLEEEAAASSE??? I thought that I was going to be moving this week!!
Comment by Katerina Gasset on June 16, 2010 at 3:42am
You still have to send in the final HUD for final approval, when you do that put your 6% commission back on the HUD. The approval letter you get is going to have what they will or will not pay at the end of the day. Usually this will work itself out through the final paperwork.
Comment by Bryant Tutas on June 16, 2010 at 12:14am
Jeanette. If this deal is in Equator then the 5% commission is the default field for the sysytem. Just change it to 6%
Comment by Cathy Baumbusch on June 15, 2010 at 4:30pm
there is an appeals process for the commission reduction. Save the deal now and appeal later. I wish I had that problem.
Comment by Jeanette Becker on June 15, 2010 at 3:50pm
I have a short sale with bank of america that needs to close by the end of the month. This is a Fannie mae mortgage. we are negotiating for the second round. I have consistently put in 6% for commission. The only thing in the counter is for commission at 5%. would I be jeopardizing the closing if I changed the commision to 6% and are they not supposed to reduce commissions on fannie mae loans?
Comment by Jeanette Becker on May 25, 2010 at 8:24am
Another field that puzzles me is the promissory note amount on the 2nd lien. Do we need to reveal the amount that the second is requesting in a promissory note, or should I leave it blank (optional field). Why would they want to know this? The second has not completed their approval yet.
 

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