"Hi Minna, we've done this on HUD files, but never USDA. We just emailed the lender to see if that's an option. I'll let you know how it goes. Thank you!"
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USDA as Investor / PennyMac as Servicer
Started by Shauna Andrade in Short Sale Discussions. Last reply by Shauna Andrade yesterday. 4 Replies 0 Likes
Software/membership
Started by Alberto Soliz in Short Sale Discussions Jan 20. 0 Replies 0 Likes
Newrez (PHH) & Real Time Resolutions - short payoff allowed even if 1st isn't short? Current allowed contributions to Jr liens
Started by Edwin Baloloy in Short Sale Discussions. Last reply by Minna Reid Jan 16. 4 Replies 0 Likes
States prohibiting 3rd party negotiators
Started by Phoenix Nest Homes in Short Sale Discussions. Last reply by Phoenix Nest Homes Jan 11. 4 Replies 0 Likes
short sale bank asking for above their BPO value
Started by Savita Savita in Short Sale Discussions. Last reply by Phoenix Nest Homes Jan 11. 2 Replies 0 Likes
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HECM/REVERSE MORTGAGES LISTINGS
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Business Process Outsourcing
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Had to share this
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"You can request a variance from HUD on an FHA. I have had much success with variances. I would imagine USDA has a similar process (although I have never had to try with USDA to confirm). Someone correct me if I'm wrong. Would love to know for…"
HECM/REVERSE MORTGAGES LISTINGS
It has just come to my attention the HUD does not require HECM/ Reverse mortgages to be listed on the MLS. Has anyone else run into this? I have been negotiating short sales in south Florida for over 10 years and I was just made aware of…See More
"Thank you for the response! We've had this happen to a few with PHH as the servicer and HUD as the investor - very frustrating. We'll try what you suggested - thanks again!"
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