Hi there,
I have another lead, I have just been contacted by someone in Lawrenceville (I'm told this is a suburb of Atlanta, GA). Any short sale proficient agents available to assist? Please email me with your e-card/signature if you are at vaugh
Read more…"Why do SS approval letters NOT have a paragraph where the borrower forever releases the bank from any and all claims arising from issues of origination, securitization, servicing, default servicing, etc??" Thoughts??
Read more…Does anyone know if FNMA will be updating their HAFA program guidelines in accordance with the HAFA updates effective June 1? More specifically will they be removing the delinquency requirement?
Have spoken to FNMA and HAMP helpline and have not bee
Read more…Hi Everyone: We are having a difference of opinion. When there are two lenders involved and the sale of the house will bring enough money to pay-off the 1st lien holder but not the 2nd lien holder, we still need to notify both lien holders of the s
Read more…A quick background on where we are at: We are the buyer on a SS (seller accepted offer Dec 10, 2011). Paperwork submitted 01/24 to 3rd party negotiator / lenders. 1st is PNC and 2nd is Quicken Loans and my research also shows a small lien for stone
Read more…My sellers have been accepted into BofA Co-op sale. They had no tax escrow account and had always paid their taxes separately at the end of the year. As they are insolvent, they did not pay 2011 taxes. We are waiting for BAC to give us the list pric
Read more…What is your take on this, I have noticed a particular agent in my area write the following in the MLS Remarks: "50/50 COMMISSION SPLIT WITH THOSE OFFICES THAT DO THE 50/50 SPLIT" is that really allowed?
Read more…On April 4th Bank of America countered our offer on a short sale, they didn't change the purchase price just some of the closing numbers. We accepted this offer and then we were told that it was off to the investor for review. After waiting weeks f
Read more…April 25, 2012
Fannie Mae Sets New Short Sale Timelines
WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it is directing servicers to e
Read more…We are 83 years old and with failing health, we suddenly had to move into assisted living in Feb 2012. Our mortgage principal exceeds the current market value, and we can not pay both the mortgage AND the assisted living rent. We were current on our
Read more…After 9 months on the market, I finally received an offer on my house (short sale). We signed the contracts two weeks ago. I spoke with Nationstar today and they told me that PMI won't even accept short sale applications unless you are 2 months delin
Read more…I have/had a short sale open with Nationstar and the negotiator has stated that the investor (when I asked who the investor was he said it's investor code 399, which I'm assuming means the pooling and servicing agreement) does not accept short sales.
Read more…Has any had any dealings with NationStar Mortgage?
I am dealing with a negotiator (J. Harrell) who is being unreasonable. He has given us information about
our Seller that is not true and has closed the file because the lender is not getting what i
Read more…We wrapped up a short sale last week, closed on Tuesday, funded on Weds, in which the first mortgage holder was paid in full, a second and third got shorted. Today I got a call from Nationstar, the first mortgage holder that there was a problem: Th
Read more…Just had to share the most ridiculous moment I've maybe ever had in short sales. Last week it finally closed but not without a lot of stress. Nationstar first, Citi second. Approval letters came from both, it was approved through HAFA, both lender
Read more…Short sale was denied for the 2nd time by the investors (after I submitted the QWR and all supporting docs)
Any suggestions?
Read more…Nationstar sent wrong paperwork to MI..claimed has no time to "follow up" on emails sent--so with a cash buyer and 5 days from estate sale--MI has incorrect paperwork and Nationstar rep says oh well..Shame on you
Read more…Nationstar Mortgage just notified me that a loan has been denied for a Fannie Mae HAFA Short Sale because the borrower is not eligible for HAMP. The reason is that the borrower participated in a six month "unemployment modification loan program."
Read more…Hi guys. Does anybody have some good escalation contacts for Flagstar? This bank really sucks!!
Read more…
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