"They declined one of my files today which is a Freddie Mac loan. The response I got was that they are not approving short sales for ANY loan, regardless of investor. Will be making a call to Freddie to confirm."
So CALIBER calls this morning stating they will no longer entertain Short Sale applications on any "investor loans". Meaning any loans that are NOT FNMA,FHLMC,FHA VA or USDA loans.So any old subprime loans would no longer be eligibleSee More
Hi all - I was advised by Ditech today (10/11/17) that any short sale that is currently under review with an INCOMPLETE or PARTIAL submission package (even outstanding document request) would be pulled from short sale on 10/15/17 and referred to…See More
"You can resubmit those....however streamline would be the easier way to go as she will have a hard time with FHA as a non owner occupant unless she moved for employment...FHA does not play nice when owners move out for no good reason.
"1st review her revised financials to see if she really cannot afford the payments. then...
2nd: provide a letter of explanation why the error was made.
3rd: you are now going to have to prove every line on the financial disclosure. Go through her…"
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