I'll start.
BB&T, PNC and Bank of America:
BB&T and PNC for being straightforward and their quick response time.
Bank of America for its predictabilty.
Who are your favorite short sale lenders or servicers, and why?
Does anyone have a contact at the IRS who can assist in expediting a lien release on a short sale property?
Read more…Can anyone help me get Nationstar to address my file before foreclosure on 3/28? Full file has been before them since Feb. Asked for more info in early March, countered us, we accepted and file was before the investor as of March 5th.
They tell me
Read more…Hi all! Time to check in and register your thoughts about the wonderful portal to fixing nothing...suggested by Fannie Mae! The reason they've created the "portal" on their HomePath site is because they were literally slaughtered and deluged with ca
Read more…I just got off of the phone with Freddie Mac, only to find that my assigned account manager has been moved to a new division due to "restructuring". Apparently a man named Bill whose last name is confidential, is handling all FHLMC short sale files.
Read more…Has anyone seen a trial loan mod or a permanate loan mod approved to a homeowner with equity in his home? Do different lenders have different policies on this?
Read more…The selling agent will not provide to my lender (I'm buying a short sale - BECU is my lender) the actual lienholder approval letter. they say the 90SS form is sufficient and that they can not give the letter because it contains private and personal
Read more…Scenerairo...1st mortgage 625k followed by a 2nd HELOC 160k. FL Both mortgages were takenout out with Chase simotaniously 7 years ago at purchase. Property today would appraise around 400k to 425k. No finicial hardships in the picture. Assets $450k a
Read more…Does anyone have a contact for escalation for Capital One Home Loans? I have a short sale that was previously approved by them, buyer cancelled, and I resubmitted a new contract with the same terms and they have come back this time to deny it. Any
Read more…Hi Superstars - we have a property that we've submitted a shortsale package to Flagstar bank (Michigan) and have had No success in getting through to the 'point of contact' to postpone the trustee sale date scheduled in 2 weeks. There's quite a 'rou
Read more…Does owner still need to occupy home?
Read more…I just received this message from Docusign -
Kevin, I am meeting tomorrow with NAR, Fannie, wells, chase, FHA, and others at an e-signature summit. Your stories over the past few years have fueled the activity at NAR and have served to give context
Read more…This is CA HAFA
1St-SLS
2nd-Chase Recovery because loan was discharged by Chase
Can't move on. Both are refusing to issue the approval letter until the other one does. Both are citing different portions of the MHA HAFA Handbook-4 & 4.1 and 6.2.4.2 &
Read more…In case you missed the it..this is a repeat...I am hoping to hear from someone who has any advice on this subject. I have an approved Seterus short sale on my own home. We are closing in 2 weeks. I am in the process of packing. When I came home l
Read more…I am a buyer recently involved in short sale.
Owner has 2 liens, both with 1 major bank.
The listing agent told us the owner is just short selling the 2nd lien. She just told us this but for the past 3 months led us to believe there were 2 liens be
Read more…Sorry this might be long, but I wanted all the details here. Also I negotiate short sales and have dealt with some other shady/shyster negotiating "firms", so maybe my "hinky" radar is a little over sensitive. I am the buyer's agent Negotiator is th
Read more…Just looking for any input on others experiencing the Fannie & Freddie inflated value issues. Any recent updates or solutions?
I have two files right now that that I am experiencing this with, one is a Fannie and one is a Freddie. It is clear they h
Read more…Good morning Superstars.
This morning we need a favor. We are looking for anything in writing from Nationstar and Auction.com stating that if the borrower does not use Auction.com then Nationstar will foreclose.
If you have any documentation please e
Read more…I was recently approached by a past client who informed me that the short sale of his primary residence in 2012 was not going to receive a 1099C from Wells Fargo..BTW-this was a Fannie Mae backed loan.
Apparently Wells Fargo informed him this was due
Read more…Does anyone know the guidelines for a discharged Chapter 7 Bankruptcy?
FHA LOAN: Chase 1st, PNC HELOC
Does the seller have to provide all of the financial docs requested by bank? (bank statements, paystubs)
Seller's attorney told him he only needs to
Read more…
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