ocwen and hudzu
Have a Short Sale and OCWEN wants to make it a Hudzu and cut us out and cut seller out of his HAFA incentive? how do we get out of this?
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Short Sale Discussions (4366)
Need Help with PNC - Servicing 2nd for Etrade
I have a PNC first and E-trade second that is also being serviced by PNC. We are close on the 1st and I'm expecting approval shortly. Buyer made up the shortfall on the 1st to almost meet the required net. However, the negotiator for the 2nd is he
Read more…Processing and attorney fees on HUD1
Will the banks pay the loss mitigation company's fee for processing the short sale? Will they pay attorney fees for clients who want their attorney to review the closing statement?
Read more…HELP! Total Fire Loss Short Sale-Borrower Deceased-Insurance Proceeds Conflict
New information for your review and advice.
Facts as follows: original loan applicants were husband and wife. Husband didn't qualify so loan was put in wife's name only. Wife passed away and then the house burned down resulting in a total loss.
L
Read more…Greenpoint Mtg
Does anyone know who I can contact re Greenpoint. I think it went to B of A for servicing but when Greenpoint closed down we can not find who took it over. Also believe they had charged it off. B of A is no help
Read more…Seterus short sale
Hey Superstars,
I've got a situation with Seterus.
I am working a short sale with Seterus. The seller lives out of state, but the house is in Georgia. At the time of the purchase, the seller and her husband planned to relocate to the Atlanta area
Wells Fargo says they will not short a loan the went through HARP
Seller did the refi a couple years ago. He was told that the bank would not consider a short sale on the property. Sheriff sale was the 13th, note value $713,000. Has anyone dealt with this? Seems to me that the HARP should have no bearing on the sal
Read more…IRS tax lien on short sale
Need advice......
I have an upcoming short sale listing with an IRS tax lien on it.
The property value is around $550K. But loans are around $700K. Owner tried to refinance but obviously failed due to negative equity. It got worse when he got slapped
Read more…Morgan Stanley
Hello all! Long story short....Fannie Mae 1st with OCWEN (approved subject to 2nd release), SLS 2nd and Morgan Stanley as the investor. SLS acknowledged Fannies $6,000 max to investor but investor INSISTS on $15k! Walked them thru the scenario of wri
Read more…FREE HUD Revisions Webinar
Webinar Title: |
Revisions to FHA's Loss Mitigation Home Disposition Options |
Date/Time: |
Wednesday, November 13, 2013 2:00 PM - 4:00 PM EST |
Event Location: |
On-line Webinar – No Fee |
Registration Link: |
IndyMac Foreclosure
ATTENTION REALTORS
We are in the process of collecting recent foreclosure data pertaining to Indymac/OneWest short sale submissions that have resulted in a foreclosure. We are especially concerned with those foreclosures that sold for less than the
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Nationstar demanding 401K statement from Borrowers
I have Nationstar demanding a 401K statement from my borrowers on an investment property they're Short Selling. I understand that Borrower is not obligated to furnish this statement. Has anyone had a similar experience where borrower has refused to f
Read more…Wells Fargo Rescinding on an Approval Letter
So I get an approval letter from Wells Fargo in buyer A's name. Buyer A got impatient and walked. I now have an approval letter so I market the property as lender approved. Buyer B comes in and makes the same offer, does inspections, appraisal, an
Read more…Third Federal
Working on a short sale and need to escalate. Hoping some one has a contact or additional information.
kathy
Read more…HELP! Lender Won't Recognize Widower's Authority Over Deceased Wife's Loan/Estate
Pending short sale. The lender/servicer is Residential Credit Solutions. RCS will not recognize the deceased borrower's spouse as having authority over her estate. She passed away without a trust or a will. Her name was the only name on the note/
Read more…Situs Asset Management?
Does anyone have any experience with Situs Asset Management? I have a listing and the servicer just changed from IndyMac to Situs, and I can't seem to find much info on the web regarding them.
Read more…BOA Coop Short Sale -2nd Lien payoff
How much does BOA pay towards a 2nd lien in a cooperative short sale?? In the beginning the Servicer Rep from AMS told us $8500 now the Negotiator is saying they will only pay 8% of the principal balance.
Read more…Hurdle with Chase in Second Position
I currently have a listing where Lender Consent has been received from the lienholder in first, with an offer to Chase under the Fannie Mae short-sale guidelines. Today, an agent within the Chase Short Sale Department, with whom I just spoke, will n
Read more…Owner of short-sale property owes IRS back taxes......
Hello all,
My wife and I are in the process of trying to close on a short sale property. There are two positions that are owed monies. We just found out today that the owner of said property owes the IRS over $39,000.00 in back taxes.
Does the IRS h
Read more…Sun Trust SS
Is is possible to submit SS Packet for Sun Trust online or do I have to fax it? I can't seem to find an online link for agents, even though customer service told me there was one.
Thanks
Kat
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