CALHA Denies Short Sale, (Califonia Hosing Authortiy) because of my clients income being too high.
Can anyone offer some advise if you have had experienc with CALHA.
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My client was just offered $25K from Chase if she does the short sale. However, my client has a $70K second lien also with Chase. Does that mean at the time of the close most of the money can be taken by the 2nd lien in order to satisfy? Has any
Read more…I posted this in the Freddie Mac group as well:
I have a short sale with AHMSI, Freddie Mac is the investor. We have been told that per Freddie's guidelines, they have to be 30 days late on their mortgage. They are not late, their hardship is that
Read more…Does anybody have concern that if the REO to Rental Bulk program goes into effect banks may expedite the foreclosure process and/or deny short sale requests to push it through??
Read more…I have read people's posts about buying lists of homeowners 60 and 90 days late. This seems better than waiting until everyone knows about the NOD which I can find on Foreclosure Radar. Does anyone have a good/accurate resource for this? I only want
Read more…I just had CALHAFA, deny my short sale due to my clients income being high. Can anyone give me some advise as to how to get approval?
Read more…Got a call from a buddy seeking advice? He filed chapter 7 and included his rental property. Green Tree is the servicer. Green Tree informed him, he’s still liable for the up keep of the property until it’s sold (foreclosed) even thought it was inclu
Read more…Got an appvl from Chase in 3 weeks, sellers were not expecting it so fast. We need to close by the end of Feb but sellers can't move until May 15th since they are leaving the country and have no where else to go in the meantime. I am ready to prepa
Read more…Would love to have a meet and greet!
Who is going?
Read more…I'm dealing now with Triad on a deal, they've denied our short sale. Despite financials that show an upside down position, they will not admit they see any hardship in her situation.
I'm wondering if anyone has worked with them, and if they ever appr
Read more…Just closed on with DMI corporation
Longest short sale that I had in the last 18 months at just under 6 months for approval. I started to get the feeling that this was the first short sale that DMI Corp had done or the negotiators were very green.
Read more…Just having help closing a deal made it worth it taking the worry and pain out of the paperwork, especially HUD-1 issues.
Bryant and Wendy thanks for your personal input on a timely basis. It saved me a lot of trouble, worry and meeting of lender tim
Read more…I am the operations manager for Friedman Law Associates, P.C. Our law firm is a national law firm which specializes in short sale, loss mitigation negotiation, and foreclosure defense.. As you all may know, many states are passing legislation which i
Read more…I have a client who wants me to take over a short sale that failed. She was offered $25,000 from Chase Bank. LCS is the second. LCS blocked her contribution from Chase, stating it wanted the money. Chase refuses to give the money to LCS. She tried to
Read more…I have some clients that have been approved for the HAFA program and I have listed their home. We have signed the SSA with BOA, and are waiting for an offer. My clients, who are newly unemployed have asked if they can stop paying there mortgage to
Read more…Help! I submitted Ocwens short sale package on Dec. 16th and again on Jan 15th. They keep saying 'we don't have it'. As I both faxed and emailed I am frustrated. I got a helpful rep today that offered a more direct fax number and they called t
Read more…This short sale lender requiring an appraisal rather than a BPO, the kicker...they will not pay for it and will not approve the short sale without it. They are expecting the listing and selling agent to pay for it. I am the buyer’s agent and not in
Read more…My client bought a property in 2005 with 100% financing for $326,000. The method of holding title is married as a sole and separate property. The first is OCWEN, the second is HSBC. OCWEN modified the loan in 2009 and the seller has not missed a paym
Read more…I'm the broker/owner of a small firm. My wife and I are attempting to purchase a $300k Chase short sale for our primary residence. We got the approval letter a few days ago and I saw that they cut the commission from 6% to 5%. Well, that's a real
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