I am listing a property with a Loan Modification serviced by Nation Star. Has 2 loans and was told by seller they applied for loan mod and their statement with Nation Star only shows balance from the 1st loan. Ordered Pre-escrow and prelim still show
Read more…We are at the table to close and Cenlar had just said they will not approve the closing because it was not reviewed as HAFA. We received the approval from Cenlar for 6k and submitted it to Ocwen. Now that they received the approval from Ocwen along
Read more…I was getting No where with Ocwen until I joined The Ocwen Group and used the Contacts on the page. The Omsmandud helped and Michael Rapp Also was a tremendous help in obtaining my approval. I also filed a complaint with Consumer Financial Protection
Read more…I have a short sale with BofA as the 1st and PNC as the 2nd. PNC wants $15,000. BofA will only give them 8%. I got the buyer to kick in some more and both myself and the other agent are kicking in some commission. We are offering them about 50% of wh
Read more…Has Fannie Mae raised the limits they are willing to allow for 2nd lien holders from 6%?
(or did I dream that conversation?)
Read more…I am just begining to start the process with a 1st at Guild Mortgage (which I see from some posts here that they are the processor for CalHFA loans).
Does anyone have a history of how much CalHFA will demand for a successful short sale approval so I
Read more…Hi everyone-Sellers had a BofA 1st and 2nd. They sold the 2nd to Greentree about 4 months ago. I just had my BofA coop approved at $415k. They are willing to give greentree $8500 to satisfy the 2nd. Ourstanding debt is around $150k Greentree said the
Read more…Has anyone experienced this?
On August 10, Greentree, as second lien holder, sent conditional approval for $20,0000, with deadline of Sept. 21. They were told that CITI as the 1st lien holder will only approve $8,500. Greentree negotiator said to
Hello Everyone and MERRY CHRISTMAS to you all and your families.
I have a first time issue Im wondering if anyone has had.
Short Sale, 1st Mortgage with Nationstar Fannie Mae backed, wants 10% to give full waiver, has to give 2nd 6% per Fanni
Read more…Hi
I was wondering if there is a black and white answer to this question? Of course, the 2nd lender would like to receive their full payment from the borrower, however if the borrower were to make some amount of payment (less than the full payment)
Read more…Hello everyone,
I represent the buyers on a short sale. Litton holds the first mortgage, and has approved our offer of $310,000. Litton is willing to give the 2nd (GMAC) 10% of the $56,432 owed. The investor for the second, E*Trade Financial, is
Read more…I am working on a short sale where PNC mortgage has both the 1st and the 2nd -- completely different negotiators. 1st is owned by Fannie Mae. 2nd investor is undisclosed.
We have approval from the 1st with 6% contribution to the 2nd approved. Nego
Read more…This is my first file with Ascension Capital Group. They are asking for $12K on a $80 HELOC.... the seller has included them in a BK and Chase is the investor on the loan. I have been working this for 9 weeks, and have gotten Litton, the first to o
Read more…I don't know if I am just on a streak or is everyone noticing the second mortgage companies being tougher? I am having a few 2nd mortgage companies asking the seller to bring money to the closing table and sign an interest free note. Just wondering
Read more…I heard different opinions on this. What are your thoughts?
Read more…I'm curious, has anyone in Short Sale Superstars had an experience with:
Okay, so it's established that if the buyer is going to contribute to the second to get them to release their lien, it must be on the HUD.
However, where does it need to be on the HUD? Does it matter and what are the different implications? Does it
Read more…I'm working on a Short sale with Dyck O’Neal, Inc as the second mortgage. The home is ready to foreclose 4/30/10. I may be able to settle the first mortgage but Dyck O’Neal, Inc. is asking for $15K or no close. They will never receive a dime if it fo
Read more…
**********************************
like buttons
************************