Loss Draft Funds Balance Letter
Does anyone know where I can download Loss Draft Funds Balance Letter
Thank You
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Short Sale Discussions (4366)
MILITARY SELLER-2 LEINS
HI,
I HAVE AN ACTIVE MILITARY SELLER WHO IS CURRENT ON HIS MORTGAGE. HE HAS BEEN ASSIGNED TO ALABAMA FOR THE PAST 2.5 YEARS & RENTED THE HOME UNTIL 2 MONTHS AGO. TENANT HAS MOVED.
HE HAS NOW RECEIVED A PCS (PERMANENT CHANGE OF SERVICE) TO GERMANY BEG
Read more…Citi Bank Second Mortgage
Has anyone had experience negotiating a Citi second mortgage when Ocwen has the first? If so, what was your experience and how did you navigate through the process?
Read more…Need Wells Contact
My client took out a HELOC from Wachovia that is now owned by Wells Fargo. The First TD is foreclosing. Auction date is next month.
I cannot find a Wells decision maker to accept a short payoff without going through the usual paperwork of Offer, Fina
Read more…PNC 1st & 2nd
Hello, I am taking on a new listing where the lender is PNC on both mortgages. Just curious if anyone has worked with PNC Heloc short sale department and their advise....
On the first mortgage I can make that whole but the 2nd mortgage I would need
Read more…"Lender Promotional Credit?" on HUD1, quicken loans?
This isn't necessarily a short sale question. However, I see a very suspect line item on my seller's HUD1.
It's a "Lender Promotional Credit" and when financing fees are added up with this credit, it conveniently equals EXACTLY our maximum concessio
Read more…PLEASE HELP! I AM TRYING TO LOCATE THE SERVICER OF A 2ND LIEN BUT HAVE NO LUCK!
I am working on a short sale where the first mortgage is serviced by Wells Fargo. The second loan has been recorded in 2005 with WMC Mortgage, and has not been assigned since then. The seller said the 2nd lien might also be with Wells Fargo. I've spo
Read more…Fnma requirement re deficiency judgement
The Govt. requires the secondary lender to provide a waiver to pursue a deficiency judgment against the borrower. The secondary lender, Citi Mortgage, refuses to agree. Any one find a way around this impasse? Why does FNMA care? 1st mtgee. is PHH.
Read more…USDA short sale serviced by Chase Bank
I just listed a short sale that has been listed before and I have been told that a short sale was denied because the house is vacant. The house is in good condition. It is a USDA RD loan serviced by Chase. Have you heard of any recent changes to t
Read more…Greetree Short Sale / Fannie Mae
Just received a Green tree approval and they keep referring me back to the FANNIE GUIDELINES which are a bit confusing to me .
My first question is a credit card that went into a judgement and thus a lien on the property fall under the Junior lien
Read more…SHORT SALES-COPY OF LENDER APPRAISAL OR BPO
DOES ANYONE KNOW IF THERE IS A MANDATORY LAW/REGULATION THAT THE LENDER MUST SUPPLY SELLER WITH A COPY OF BPO/APPRAISAL DONE??
Read more…B of A service release to SPS weeks before the approved COE
Has anyone come up against this. On June 10th I received short sale approval from B of A with a July 28th COE. Yesterday July 2nd I received a message thru Equator stating that the loan would be service released on 7/7 to SPS. Will SPS honor my appro
Read more…Capital one
why Banks are not pushing for short sale to be sold. I am waiting for a short sale house with Capital 1 to be sold but the buyer doesn't want to sign contract since the bank is not asking him to leave, this short sale is about 8 years. what can I do
Read more…M&T Bank Loan Mod
I have a client that has a legitimate hardship.
His work cut his hours to the point he cannot afford his home. He's since moved to get work out of town. In the process his wife lost her job. Now they are struggling to meet the mortgage, rent, and ev
Read more…PNC 2nd deficiency waiver contact needed
Hi everyone,
I have a Fannie 1st that wont allow any deficiency from the 2nd lender which is PNC. The counselor we are working with is a bit difficult and although we are attempting to get PNC to waive this,we are having no luck.
Does anyone have
Read more…Seller getting $ in a short sale
Is a seller allowed to sell personal property to a buyer and make $
Read more…2nd Position on a Short Sale - Better Offer - Will The Mortgage Bank See It - Anything I can Do
Greetings:
Looking for some advice on if there's anything I can do to help my offer get submitted to the short sale mortgage bank.
Facts: 1st position short sale offer accepted by seller on 1/27/15
My 2nd position offer accepted by selle
Read more…Replacing A Buyer That Walked
Hi everyone, I'm new to the short sale world. I assume there will be several cases where we get an offer and by the time it is approved the buyer has walked. At that point how hard is it to replace that buyers name on the approval letter? I would hat
Read more…Freddie Mac / NationStar - Short Sale Denial
We have sellers who are unable to do a short sale, but they make too much. After over a month of conversations (and even counters) with Nationstar such as:
Freddie Mac flat out denied short sale stating that the sellers make too much and they need
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