Hello All-
I see a few threads about doing a short sale with reverse mortgages.
Has anyone had luck with closing a short sale with Financial Freedom with a reverse mortgage?
Also, anyone have an escalation contact that they deal with? I am having p
Read more…My husband and I have been Realtors and investors for the past 8 years in Ocala and just move to Tampa last year. I have specialized in short sales for most of the last 8 years, and was just approached by an investor to do a short sale with differen
Read more…I closed an Investor HAFA short sale May 2013 with OCWEN. It was approved HAFA because the seller is a retired Military Vet. The sellers just received a 1099 for $100k for the principal short amount. I thought 2013 had Tax relief for canceled mortgag
Read more…I have not been able to find anything about the status of this bill which was said to have been stalled in committee prior to the holiday break. Does anyone have a current status update?
Read more…Chase won't approve a short sale that Im working on in Maryland because the MI Company Raidian said the mortgage has to be 60 days late. What can I do. They declined it at the last minute. What can I do? Who Can I call. I called radian with the homeo
Read more…Could January 1st, 2014 really be the end of it? Anyone have any insight? I looked on the status of the bill and it says only a 1% chance of getting passed. This is unsettling. Thoughts/comments/ect.
Read more…From a colleague, she asked:
"If anyone has any input working with Fay servicing I would love to hear it! Got a curve ball today from Citi that first was “transferred to Fay servicing” and a refusal to give me any information. Citi stated the borrow
Read more…Hello short sale experts!
Wanting to get some opinions on the extension of the mortgage forgiveness debt relief act beyond 2013. Although we were able to avert the fiscal cliff last week, the large federal deficit calls for more budget battles ahead.
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Chances are, you or someone you know in Lawrenceville is facing the possibility of foreclosure. But you need to understand that you are not alone.
Today, 1 out of every 6 homeowners in America is behind on m
I've been getting many inquiries from homeowners about what they can do if they lost their home to foreclosure and have a junior lienholder pursuing them with a deficiency judgment. I understand a chp 7 or 13 bankruptcy can alleviate this (although s
Read more…This is a new one on me. I am hoping someone has experience with this. I have a listing appointment with a couple who had a bankruptcy about 4 years ago, in which at least their first and I think their home equity mortgages were discharged. They ha
Read more…I have a short sale with BOA on the first, Chase (turned over to a lawyer) is on the second. The first is for $180,000 and the second is for $40,000. This is a cooperative short sale where the bank set the price. The rep for the second wants to get i
Read more…I'm going to make this as short, but comprehensive as possible. I currently live in NJ, but am moving at the end of the school year to SW FL once our house here closes.
A few weeks ago, I found a property that was listed as a SS, but had been removed
Read more…Just took a Short Sale Listing with one loan being serviced by Carrington. Looked it up, joined the group, but it appears there isn't much activity? Any advice superstars that have dealt with these guys?? Thank you!
Read more…The 2nd mortgage is a Home Equity Line and balance is significantly more than the 1st mortgage. So, 1st mortgage would be paid in full with short sale proceeds (no short sale with 1st loan). Will 2nd loan Home Equity allow for a HAFA short sale with
Read more…Recently, I've had a couple of friends that have had to short sale their homes. In fact, one friend lost his home in foreclosure before the short sale was approved. All of them were over 61 years old, mostly retired and/or semi-retired with limited
Read more…I have a mobile home listing that I took over for a friend. We have had it on the market for about a year at the price the lender set as their lowest price they would accept in a short sale. Originally, the lender, 21st Mortgage, stated that we cou
Read more…I'm looking for a demand letter or some verbiage that I can use to request some information from BOA. Does anyone have anything or any success stories in getting MI info from a lender?
-MI Company name
-MI Company contact information
-Contact infor
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…Has anyone dealt with this lender on a short sale? I have one that I am about to list and searching for information. Will call the lender of course but this group always has the truth versus the company line.
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