NATIONSTAR AND FNMA - Short Sale Superstars2024-03-28T19:46:32Zhttps://shortsalesuperstars.com/forum/topics/nationstar-and-fnma?commentId=3468065%3AComment%3A353124&x=1&feed=yes&xn_auth=noGuess what guys? Perseveranc…tag:shortsalesuperstars.com,2014-07-23:3468065:Comment:3531242014-07-23T02:04:20.556ZBarbara Winghttps://shortsalesuperstars.com/profile/barbarawing
<p>Guess what guys? Perseverance pays off!! I told Nationstar and FNMA that the seller has no incentive to sign the closing papers if he is not going to get the relo money promised him back in March! and walla! they agreed to pay! (took 2 weeks). Of course we had the HOA breathing down our necks with a pending foreclosure date..I told Nationstar/FNMA that if we didn't resolve/close SOON then the HOA would own the house and we would all lose!</p>
<p> Wayne, re the original HUD..yes…</p>
<p>Guess what guys? Perseverance pays off!! I told Nationstar and FNMA that the seller has no incentive to sign the closing papers if he is not going to get the relo money promised him back in March! and walla! they agreed to pay! (took 2 weeks). Of course we had the HOA breathing down our necks with a pending foreclosure date..I told Nationstar/FNMA that if we didn't resolve/close SOON then the HOA would own the house and we would all lose!</p>
<p> Wayne, re the original HUD..yes everything was on it and Nationstar/FNMA is only paying the last years HOA dues..not the $7000.00 legal fees and $2000.00 late fees with interest!! the back HOA is only $3000.00!! Attys are really making out on this one!! Luckily for everyone involved, the buyer has agreed to pick up the difference.</p>
<p>And Brian, re contacting the HOA board or attending a meeting..I was treated like a criminal...quotes, "How DARE you attempt to circumvent the process, that is what we have attorneys for!"</p> FNMA does participate in a HA…tag:shortsalesuperstars.com,2014-07-22:3468065:Comment:3529322014-07-22T19:46:04.461ZSmittyhttps://shortsalesuperstars.com/profile/Smitty
<p>FNMA does participate in a HAFA II / SHORT SALE / DEED IN LIEU program. Freddie does not.</p>
<p>As far as condo dues those are not covered starting August this year by FNMA.</p>
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<p>FNMA does participate in a HAFA II / SHORT SALE / DEED IN LIEU program. Freddie does not.</p>
<p>As far as condo dues those are not covered starting August this year by FNMA.</p>
<p></p> Yes Barbara, the HOA's are ou…tag:shortsalesuperstars.com,2014-07-09:3468065:Comment:3517682014-07-09T18:08:32.687ZWayne Brookshttps://shortsalesuperstars.com/profile/WayneBrooks
Yes Barbara, the HOA's are our biggest SS killers here. FNMA would pay None of the HOA? It wasn't on the original prelim HID's? As Brian said, if they've moved out, Relo won't be paid, and FNMA isn't "HAFA". Rain in S FL in the summer? Yep, only twice a day.
Yes Barbara, the HOA's are our biggest SS killers here. FNMA would pay None of the HOA? It wasn't on the original prelim HID's? As Brian said, if they've moved out, Relo won't be paid, and FNMA isn't "HAFA". Rain in S FL in the summer? Yep, only twice a day. I started the short sale file…tag:shortsalesuperstars.com,2014-07-09:3468065:Comment:3517662014-07-09T16:13:00.069ZBarbara Winghttps://shortsalesuperstars.com/profile/barbarawing
<p>I started the short sale file in Oct, 2013 seller moved out in January 2014...re: finances. he doesn't have two cents to rub together! re: making a claim on home owners..the property has forced placed insurance ...meaning that the bank pays for it and the bank will get any proceeds from a claim!! </p>
<p>I started the short sale file in Oct, 2013 seller moved out in January 2014...re: finances. he doesn't have two cents to rub together! re: making a claim on home owners..the property has forced placed insurance ...meaning that the bank pays for it and the bank will get any proceeds from a claim!! </p> Nationstar said that since th…tag:shortsalesuperstars.com,2014-07-09:3468065:Comment:3520112014-07-09T13:30:18.002ZBarbara Winghttps://shortsalesuperstars.com/profile/barbarawing
<p>Nationstar said that since the seller had already moved he forfeited his HAFA relocation money!?!?!? I am still fighting it...the seller had to move because it took NINE months for FNMA and Nationstar to get this done and in the meantime the house was flooding from pipes leaking under the foundation...REAL BAD MOLD WAS PRESENT!! oh and did I mention that the roof leaked and we are in South Florida where we get torrential downpours on a weekly basis!!!</p>
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<p>Nationstar said that since the seller had already moved he forfeited his HAFA relocation money!?!?!? I am still fighting it...the seller had to move because it took NINE months for FNMA and Nationstar to get this done and in the meantime the house was flooding from pipes leaking under the foundation...REAL BAD MOLD WAS PRESENT!! oh and did I mention that the roof leaked and we are in South Florida where we get torrential downpours on a weekly basis!!!</p>
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<p></p> THANK YOU...I FINALLY got the…tag:shortsalesuperstars.com,2014-07-08:3468065:Comment:3519402014-07-08T14:37:26.486ZBarbara Winghttps://shortsalesuperstars.com/profile/barbarawing
<p>THANK YOU...I FINALLY got the approval..just a week after releasing it from active??? HOWEVER, FNMA/Nationstar are not paying HAFA or the $6k HOA fees (which I already tried to negotiate down with the atty to no avail...the atty countered with "we should raise our fees to account for the amount of time you have wasted talking to you") I am supposed to be meeting a task deadline on Equator today by filling in the closing info...instead I told the negotiator that we need to resolve the HOA…</p>
<p>THANK YOU...I FINALLY got the approval..just a week after releasing it from active??? HOWEVER, FNMA/Nationstar are not paying HAFA or the $6k HOA fees (which I already tried to negotiate down with the atty to no avail...the atty countered with "we should raise our fees to account for the amount of time you have wasted talking to you") I am supposed to be meeting a task deadline on Equator today by filling in the closing info...instead I told the negotiator that we need to resolve the HOA and HAFA...neither buyer nor seller is budging...and this buyer is the only one foolish enough to spend $35k over appraised value of $165k on a house that needs about $125k in repairs and will probably net him $15k??? </p> File #1 same situation. The…tag:shortsalesuperstars.com,2014-07-08:3468065:Comment:3520062014-07-08T14:19:53.229ZKristy Hamiltonhttps://shortsalesuperstars.com/profile/KristyHamilton
<p>File #1 same situation. The agent had to put the property in active status in the MLS and re-submit the new MLS sheet showing that it was active for the 5 days including a weekend. Then, they had us re-submit the offer. Wasted another week, but did happen. </p>
<p>File #2 same situation. This time, they told us to have the agent submit a re-written contract with a later date.</p>
<p>Hang in there and best of luck! : )</p>
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<p>File #1 same situation. The agent had to put the property in active status in the MLS and re-submit the new MLS sheet showing that it was active for the 5 days including a weekend. Then, they had us re-submit the offer. Wasted another week, but did happen. </p>
<p>File #2 same situation. This time, they told us to have the agent submit a re-written contract with a later date.</p>
<p>Hang in there and best of luck! : )</p>
<p></p> **sorry for the iPhone typo'stag:shortsalesuperstars.com,2014-07-07:3468065:Comment:3519942014-07-07T16:36:02.968ZKennard McLeodhttps://shortsalesuperstars.com/profile/KennardMcLeod
**sorry for the iPhone typo's
**sorry for the iPhone typo's Barbara,
Nationstar did the s…tag:shortsalesuperstars.com,2014-07-07:3468065:Comment:3519912014-07-07T16:34:56.327ZKennard McLeodhttps://shortsalesuperstars.com/profile/KennardMcLeod
Barbara,<br />
Nationstar did the same thing to me. After I re uploaded all of the docentation, they said that the shrt sale date was within a week, and my ss package would not be reviewed. This was after almost a year negoatiating with them for nearly a year. They when to auction and took the property back. The most inexperience, incompetent shortsale negotiators I've ever worked with! Good luck!
Barbara,<br />
Nationstar did the same thing to me. After I re uploaded all of the docentation, they said that the shrt sale date was within a week, and my ss package would not be reviewed. This was after almost a year negoatiating with them for nearly a year. They when to auction and took the property back. The most inexperience, incompetent shortsale negotiators I've ever worked with! Good luck! Was the offer written up and…tag:shortsalesuperstars.com,2014-06-26:3468065:Comment:3515182014-06-26T18:57:53.433ZBrett Goldsmithhttps://shortsalesuperstars.com/profile/BrettGoldsmith
<p>Was the offer written up and dated prior to 5 business days and a weekend on the MLS? If so FNMA may flag the buyer and not let them purchase the property.</p>
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<p>Since the file was closed out of equator the file will have to be pushed back through all of the procesisng and negotiators tasks in equator. I'd also be researching to see if the FNMA value has expired or when it is set to expire.</p>
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<p>If you have any questions or need anything at all don't hesitate to reach out…</p>
<p>Was the offer written up and dated prior to 5 business days and a weekend on the MLS? If so FNMA may flag the buyer and not let them purchase the property.</p>
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<p>Since the file was closed out of equator the file will have to be pushed back through all of the procesisng and negotiators tasks in equator. I'd also be researching to see if the FNMA value has expired or when it is set to expire.</p>
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<p>If you have any questions or need anything at all don't hesitate to reach out to me.</p>
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<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p>
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