Short Sales with American Home Mortgage Services ces...servicing former Option One clients
AHMSI changed its name to Homeward Residential
Website: http://shortsalesuperstars.com/ahmsi
Members: 233
Latest Activity: Feb 15, 2015
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Financial_Analysis_for_Loss_Mitigation_Workout_Form.pdf
Short Sale Fax #:866-452-1837
website: www.gohomeward.com
Phone#: 877-304-3100
LOA Fx# 866-795-6529
Be prepared to have the short sale outsourced to PowerReo. Here's their agreement
About AHMSI Established in April 2008, AHMSI services residential mortgage loans, including traditional, Alt-A, interest only and subprime and is one of the country's largest servicers of sub-prime and Alt-A loans. The company is headquartered in Irving, Texas, and operates as well through locations in Irvine, Calif., Jacksonville, Fla., and Pune, India. As of October 30, 2008, it managed a portfolio of more than $85 billion. WL Ross, founded by Wilbur L. Ross, is a private equity firm based in New York City and currently oversees in excess of $5.0 billion in private investments. AHMSI is owned by several funds that are ultimately controlled by WL Ross.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayDXuthhd7kQ
http://www.housingwire.com/article/wilbur-ross-ahmsi-changes-name-adds-correspondent-lending
Started by Bryan Crabtree. Last reply by Kevin - Greenville, SC Feb 27, 2013. 3 Replies 1 Like
Started by Joan Vaca. Last reply by Joan Vaca Feb 26, 2013. 3 Replies 0 Likes
Started by Mitzy. Last reply by Sherri Elliott Dec 3, 2012. 5 Replies 0 Likes
Comment
Thanks Patrick! A representative from there just said there were no options if it wasn't owner occupied. That didn't sit well with me so I'm glad to hear your feedback.
@Tyra - not to my knowledge. I completed a short sale earlier this year on an investment property.
Has anyone heard that AHMSI will only complete short sales for owner occupants?
Hello fellow Superstars, I just took a listing here in Orange County Ca and Homeward Residential is servicing the loan. It's 1 loan no 2nd but...after reading what a lot of you are going through with them. They seem to be worse than "Bind over Agent" (aka B of A) I have to go verify a permit for an addition and if it's checks out okay. This will allow me to list at full market which is $40k less than what is owed on the property. Seller is joint tenants with her mother who passed away 2 years ago. She received a Mod which did not reduce the payment by much...and has depleted her savings trying to keep the house. So it looks like from what I'm reading...it'll still be a challenge dealing with Homeward Residential. I welcome any advise...Thanks!
Michael Hayley - Going to closing with 6% next week.
I have a Settlement Agreement from this outfit and they are trying to get into my/our pocket for 1% reduction in commission from 6%. Has anyone else had success getting them to back off on their demand for 5% commission by "just say no"?
Has anyone had success escalating a HAFA short sale by emailing the Vice President Jim Davis ? I've seen some positve reviews and his email didnt bounce back, like my negotiators.
Has anyone had were AHMSI tells you there's an approval (HAFA) they're waiting on final OK.. then all of sudden they want to see the sellers bank statements which they were provided (2k) plus a retirement/401k (33k) now they say the seller has the ability to pay the mortgage out of the retirement account! He's been laid off I provided them a letter from the unemployment to show hardship, oh they also said that the seller was not behind on his mortgage.. I've never heard of any bank denying the short sale because they have money in a 401k! .. does anyone have a person in upper management I can go to? Thanks!
Has anyone heard of Vantium Capital? They seem to be attempting to "butt in" at the beginning of our short sale, claiming to be a servicer on behalf of AHMSI. They limit agent compensation to 5%, and require a $625 or 1% of sales price fee to be paid to them, whichever is greater.
Does this sound right? We are working the short sale on behalf of the seller, and feel as though we can work directly with AHMSI instead of this "middle-man" company.
anybody have the alt rass form?
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