I know everyone is having issues with FNMA's incredibly ridiculous values. Has anyone or does anyone have a contact and FNMA that may be able to put some human element into a sale I am working on? I feel like my hands are tied and I hate feeling this
Read more…Does anyone know the validity of this? Greentree told me that when the file goes to charge off that they can ask for whatever they want and do not have to waive the deficiency. Is this true???
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…My client is hoping to short sell her home. In conducting the research I found that her mortgage was assigned by her lender - Amnet Mortgage, to Fannie Mae. I've never initiated a short sale directly with Fannie Mae. Can anyone advise?
Read more…The negotiator on my "Fannie Mae" owned loan/property is saying the borrower has a MI on the property and all terms are being dictated by that company!
Let me back up. My seller is asking for a B of A short sale on his property and he is not delinq
Read more…The Deed-for-Lease (D4L) Program aims to minimize neighborhood blight and encourage house price stabilization by cutting down on foreclosures, real estate-owned (REO) and vacant properties, and distressed home sales. Ok, sounds good in theory, maybe
Read more…I got the second approval letter from Bank of America today… That’s right, we are on approval #2- same buyer! This Destin Florida short sale was cleared to close back in February. But why did that approval fail? And why is the game "over"? Strike 1
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