EverHome Short Sales

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EverHome Short Sales

EverHome Mortgage short sales.

Members: 119
Latest Activity: Feb 24, 2017

EverHome Short Sale Information

 

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Short Sale dept: 800-669-7724
Short Sale fax: 904-281-2337

3rd party authorization fax is 866-632-9396

Discussion Forum

Approved Short Sale but now loan has been sold.... WHAT?

Started by Jane Cooper. Last reply by ElizabethWeintraub00697006LyonRE May 5, 2014. 2 Replies

I have an approved short sale with Everhome set to close on 5/19. Original offer price was $179,900... Everhome countered with $200,000 but I knew it would not appraise for this.... Buyer came up to…Continue

Fannie Mae/EVERHOME - Escalation information

Started by Mariana Molina. Last reply by ElizabethWeintraub00697006LyonRE Mar 13, 2014. 1 Reply

I have a listing in California previously with two other servicers in the past, once in the final stage of approval at 175K, buyer's walked since it took too long. I resubmitted in 9/13 for $185K…Continue

Everhome Offer 109K above offer on short sale!

Started by Mark Gottlieb. Last reply by joe beauchamp Jan 13, 2014. 2 Replies

In September 2013, we made an offer on a house in our town Little Ferry, NJ. It was a short sale listed at 215K, we offered 205K in cash with proof of funds since there might be some work needed. We…Continue

Tags: sale, short, everhome

EVERHOME MORTGAGE SHORTSALE NIGHTMARE/HELP NEEDED PLEASE?????

Started by Veronica. Last reply by Judi Fiolle Aug 10, 2013. 11 Replies

I have a short sale listing where Everhome is the mortgage company.... 1 loan... and clients moved out of the state of california to wyoming due to job moves.  long story short, 8 months later, my…Continue

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Comment by Srikanth on August 31, 2010 at 6:24pm
It is too bad. Mine is the same case. Cash buyer with market value. Everhome says they can't do anything because FHLMC does not approve it. Shame on FHLMC. They are making more homes to go to foreclosure in spite of working with bank diligently to make short sale approved. I am not really sure about FHLMC intentions. I decided to let it go to foreclosure if they are not going to change verbiage. Please let me know if you get any response from FHLMC.
Comment by Laura Marshall on August 31, 2010 at 6:16pm
I am having this same problem with Chase. FHLMC is the investor - market value cash buyer. They will not release the seller regarding deficiency. It is an investment property and in California, there is no deficiency if they foreclose - so the seller will let it go. We are going to try to reach someone at FHLMC, but if we cant get it released, it will go back. It doesn't make sense. The loan I had with Everhome was backed by Wells Fargo. It did not address the deficiency either way,
Comment by Srikanth on August 31, 2010 at 6:13pm
Deficiency would be around 130K. Everhome is saying that the loan is baked by Freddie mac and they are not allowing to add release language. Did you guys deal with Freddie backed loans recently?
Laura, Did you get explicit release from financial obligations in the letter from everhome?
Comment by Laura Marshall on August 31, 2010 at 4:38pm
I LOVE EVERHOME! 20 days from short sale submission to approval. The buyer ran into a glitch - PMI increased so had to redisclose. In California, that added 7 more days - so we couldn't close on time. I emailed my negotiator, and he issued updated approval in 4 minutes!!! We are closing tomorrow. I hope that I get to work with them again....soon!
Comment by Jeff Payne on August 30, 2010 at 8:33am
Srikanth, I just spoke with 2 of the top short sale agents in Arizona and your attorney could be correct. Apparently it has not been challenged in Arizona yet so one side of the fence says yes they can pursue a deficiency in AZ and the other says no they can not. If it were me, I would take my chance with NO they can or will not pursue a deficiency. BTW, how much of a deficiency are we talking about?
Comment by Jeff Payne on August 30, 2010 at 7:59am
What is your alternative if they will not remove the deficiency language? Florida is a deficiency state so I can not comment on Arizona's laws but will check with someone who knows, stay tuned.
Comment by Jeff Payne on August 30, 2010 at 6:50am
Srikanth, listen to these guys! Also, find an attorney who understands real estate law, sounds like yours does not since according ot these guys, Arizona is a non deficiency state.
Comment by Srikanth on August 20, 2010 at 7:04am
In Arizona lender can't go against seller after foreclosure if the loan is purchase money. I have been told that it gets into gray area if it is a short sale.
Comment by Srikanth on August 20, 2010 at 7:02am
I have been advised that anti-deficiency does not apply to short sale directly and statute is only around foreclosure. Are you sure it applies for short sale as well?
Comment by Jim Stewart on August 20, 2010 at 7:01am
My understanding of non-deficiency states is that the lender has to either go after the collateral or the deficiency. Can't do both. Therefore, if they accept a short sale the lender has agreed not to go after the collateral and could then go for the deficiency instead. I may be wrong. I'm in Missouri which is a deficiency state. Banks can and do go after deficiency after either a foreclosure or a short sale.
 

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