Good Afternoon All!
Has anyone encountered a Title I Home and Property Improvement Loan?
Apparently this "Title 1" loan is a HUD guaranteed loan (up to 90% of the balance owed) and is not your typical FHA loan.
I just started to work a file with a
I have a short sale where Sun Trust is the servicing company and Wells Fargo is the investor. Our short sale did not close on time, which was December 2nd. We had asked for our 2nd extension thru December 16th. Wells Fargo denied our extension and
Read more…SouthStar Funding, LLC went out of business in 2007 (bankruptcy). Then a lift of a stay in February 2009 allowed several financial institutions to take over more than two dozen delinquent borrowers' homes. That is the latest info that I could find.
Read more…Hey guys. Need some help. HOA foreclosed on my sellers house last week. HOA was owed about $11,000 but the HOA sold to a 3rd party for $56,000. Seller has about $200,000 in equity and has a first mortgage. Property is in Florida. No clue if I can hel
Read more…Anyone have any success with this Loan Shark operation? Been working on a short sale with 2 different servicers, had a couple of buyers fall through over 2 years, bring them Market value for the home & now they want a Full Payoff in no uncertain term
Read more…My clients received notice of default on 12/19 and the home was already having the locks changed, on 12/30!!! cleaned out, pool secured and owners locked out!!!! Who, what, when, where, why???????
Read more…Hi there. I have had success moving applications along in banks by escalating issues to supervisors or even executive offices if I hit a road block at the case manager level. I am having huge frustration with PNC. The application requirements were
Read more…Any information on how to proceed after FHA denies variance due to repairs or appraisal value too low?? How to reverse the decision and get approved??
Read more…Hello,
I was curious if other members have recently been successful in appealing to Freddie Mac allow more than $6000 to a 2nd. I have a WF 1st approval and Ditech 2nd, borrower has some assets and 2nd won't budge below $15k and really will fly the p
Read more…We were "approved" by Wells Fargo to complete a mortgage assumption. It was during this process that we learned we have a SILENT lien on our house from a 2013 Hud Partial Claim. We were shocked- long story. Fast forward. We now cannot complete the as
Read more…Sheriff Sale is scheduled for 2/2/17 , we had a short sale approval expire on 1/10/17
Was proceesing file myself through RESNET , Caliber is the servicer , when we did
not close they cancelled the file , cant get anyone to help , all we need is
Read more…Bank of Oklahoma has just rejected an offer of $155,000 and refused to recall a Sheriff sale scheduled for Tuesday Dec 6th. The owner got a letter saying all documents for his short sale request had been received and the sale postponed to provide sal
Read more…I have a distressed homeowner who is interested in selling his home to me as a shortsale. He is upside down on his mortgage and has experienced financial hardship. (Lost job.) Yet he does not live in the residence, it is not his primary home. Will th
Read more…Has anyone dealt with this lender? Why would any 2nd lender sacrifice receiving $0 due to a foreclosure, than what the 1st has offered.
Charity
Read more…Have a lovely home on the market that's a short sale. So far the bank has called me weekly (go figure!). They are very detailed and I'm working with an elderly sick woman who is doing her best to provide what's needed to get it approved. Just turned
Read more…I am a preforeclosure investor. In the past one of my main incentives to convince owners to sell to me through short sale was that government funded programs were in place that would give the qualified homeowner upto $10,000 to close before auction d
Read more…If your seller has an FHA mortgage, they must go through the Retention process, PRIOR to listing the home. The Seller will go through the process and if they do not qualify for a Refinance or Modification, they will automatically go to the Short sale
Read more…Has anyone had an issue with WF denying a short sale because it doesn't meet investor quality standards. I asked the negotiator from the bank to explain what that meant and her response was that she cannot give further details. My buyer accepted the
Read more…Hi
I have a VA widow with 3 jobs and caregiving a disabled niece at her house to make ends meet. Her loan is 706K but her home is only $690K Market Value.
Can she still do a loan mod? She tried to apply for loan mod several times but they said she d
Read more…Has anyone heard of banks restricting buyers to owner occupants only in short sales. I'm dealing with a fha backed loan and the lender says due to 'neighborhood stabilization' the sale is restricted to owner occupants. It's my first time hearing of t
Read more…
**********************************
like buttons
************************