Any one know how to escalate to MTGLQ? They are wanting a full payoff which is above market value and are not budging...full pay-off is $100+k over principle balance...PLEASE HELP!!!
Read more…Has anyone ever ran into this problem doing a short sale?
Short Sale Denied because:
After its review of an FHA Roster appraisal, a mortgagee must submit a Request for a Variance through the Extensions and Variances Automated Requests System (EVARS)
Read more…The client has an FHA loan through Suntrust Bank. The owners initiated a short sale due to a major loss of income and illness. While under the short sale the house flooded in Hurricane Matthew and they had to find a rental. The insurance covered the
Read more…Is it possible to for a USDA short sale to be approved if borrower is facing imminent default or is there a hard set guideline that the account MUST be delinquent?
Read more…- SS package submitted in 1/13.
- BPO completed w/o 1/24.
Then 2/7 servicer supposedly asks seller and buyer to modify contract closing date from "60 days after bank approval" to "4/24/17".
Anyone every seen this happen? Why would they want to set a
Read more…I saw SPS pay out 100k to a 2nd mtg lien. It was a large 2nd. What's the most you've seen?
Read more…Hello Short Sale Superstars!
We are set to release a Short Sale Super Star Survival Guide and we want your Tips; We want to know your BEST Short Sale Survival Tips and so does the world!!! Only Ten will be accepted so make them juicy and powerful. P
Read more…There is nothing worse then getting a short sale approval letter and then ordering lien and title to find you have liens/Judgments to negotiate. Especially if there is an IRS lien which takes at least 30 days to set aside the lien from the property.
Read more…When all else fails and you feel that the process on your file has slowed/stopped and servicer is no longer responding in a timely matter contact your local senator's office. They will have you complete a Privacy Act Consent form and will reach out
Read more…If your seller has an FHA mortgage, they must go through the Retention process, PRIOR to listing the home. The Seller will go through the process and if they do not qualify for a Refinance or Modification, they will automatically go to the Short sale
Read more…Has anyone ever dealt with Dakota Asset Services with respect to reimbursements for repairs through LPS. They have assigned me an REO which needs $12,500 in repairs. They want me to pay for all repairs and then upload for reimbursement through LPS.
Read more…Has anyone had an issue with WF denying a short sale because it doesn't meet investor quality standards. I asked the negotiator from the bank to explain what that meant and her response was that she cannot give further details. My buyer accepted the
Read more…I cant get either party to agree. The condo association on this FHA property agreed to $3705.17, which is a difference of $2205.17. The bank has not yet approved the short sale as they are waiting for the approval of the terms from the condo associat
Read more…Has anyone been running into more and more problems with fha shorts. 1st it was house is not marketable, now its borrower is over 40 payments past due. What is going on?
Read more…Appreciate any information,
Have approval from Ocwen and BAC on a short sale but Ocwen's arms length affidavit states buyer cannot resell for more than 120% of short sale price until the 91st day after the sale. I explained that I already sent them a
Read more…Hello!
My negotiator at BofA just told me that HAFA no longer exists. I thought it had been extended. Isn't this something the banks should know or are they trying to get away with things. Anyone here have any info/advice on this? Thank you!
Read more…Just looking for any input on others experiencing the Fannie & Freddie inflated value issues. Any recent updates or solutions?
I have two files right now that that I am experiencing this with, one is a Fannie and one is a Freddie. It is clear they h
Read more…Sunwest denied short sale the same time that I submitted paperwork. I have an offer. Filed ticket with FHA but will take 2 days. Sunwest said they will figure out why it was denied and call me back. What can I do? The only thing I can think of is tha
Read more…Prepare buyer & seller with time frames, potential delays & favorable options for all. Make certain you submit a "complete package & confirm with lender in writing" Do NOT accept NO as an answer. IF FHA file a ticket for additional support. Same with
Read more…We received a new REO. Has anyone worked with REO Management Solutions? How are they to work with? Do they reimburse for expenses in a timely manner?
Read more…
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