I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.
Please share your experience with Ocwen if you have
Read more…I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.
Please share your experience with Ocwen if you have
Read more…Has anyone had experience negotiating a Citi second mortgage when Ocwen has the first? If so, what was your experience and how did you navigate through the process?
Read more…Just received a Green tree approval and they keep referring me back to the FANNIE GUIDELINES which are a bit confusing to me .
My first question is a credit card that went into a judgement and thus a lien on the property fall under the Junior lien
Read more…We are buyers nearing the end of a short sale that has been going on for 3+ months. The property had 3 liens and the first 2 have been approved. The 3rd lien holder is Navy Federal and we recently found out they were offered $750 from the 1st lien
Read more…Title company is threatening to refuse to issue title.
The first lender servicer (SPS) is refusing to put on its approval letter a payoff to the second.
They say they NEVER have done this in a non-HAFA short sale. They defend by saying they don't have
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…I have a property that has been approved by Ocwen but have two additional liens that have to be paid off prior to closing and the seller doesn't have the money.
Here are the details:
1st lien - HOA 9k discounted from 11k. Ocwen will pay 6 months w
Read more…I've got a BOA/HUD short sale approval but 2 junior liens (a local bank and a mechanics lien, both have judgements) that won't accept the $1500 ($750 each) offered by HUD/BOA. The homeowner filed bankruptcy last year but the liens weren't removed b
Read more…I have a short sale going with Chase as the 1st lien holder, SLS as the 2nd lien holder and an attorney who is representing Discover card as the 3rd lien holder. I am working on this as a HAFA short sale and am wondering what the total is that I can
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…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
Just found out that we have a second loan to negotiate with Bank of America. I have never worked with them before. Do I still initiate through Equator or do I use the HELOC package that is under the Lender Info links?
Thank you for your help!!
Heat
Read more…Anyone with experience on getting a short sale approved with a federal tax lien??
Read more…I have a deal right now where CITI and the investor have agreed to the short sale but the MI company is only allowing the 2nd lien $1K and that note is around $50K. The 2nd lien is GMAC and they won't accept anything less than $5K. This battle over
Read more…I had clients that purchased a home with me in September of 2008. That was when the Government had a $7500 interest free loan with a 15 year repayment that they were calling a "Grant". My clients are in construction and have been in and out of work
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'm curious, has anyone in Short Sale Superstars had an experience with:
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