Comment

Comment by Paola Martinsen on January 29, 2014 at 6:38am

Thanks Kevin, so its Fannie Mae that will do 8% op to 6k whichever is less or 8500 if its HAFA, do you know?

Comment by Kevin - Greenville, SC on January 29, 2014 at 6:36am

it's up to $6000. there is no % amount per se.

Comment by Paola Martinsen on January 29, 2014 at 6:33am

Hello, does anyone know if Freddie mac pay 8% of the UPB or 8% of the total balance due to a junior lien? I think its up to 6k. Does anyone know the specifics? thanks a million!

Comment by Bob Helmig on January 8, 2014 at 10:06am

 Will Freddie Mac pay a seller's relocation incentive on a vacant owner occuppied Home? I can't seem to find the FM eligibility requirements for relocation assistance.

Nationstar says no way, but they also dragged their feet since July 2013 and seller's hardship was job relocation which forced them to vacate out o state.Thx- Bob 

Comment by Neil L. on November 26, 2013 at 9:40am

she never was on title but an affidavit of decent would put her on title.  We just haven't filed it

Comment by joe beauchamp on November 26, 2013 at 9:27am

I have not specifically had this problem with FHLMC and know that sevicers take liberties in telling you what the investor won't do. Call Freddie and discuss it with them. I assume that the house went to the widow, or like in NJ, by law, she now owns it, in which case, the OWNER IS in the property. But also, I've had discussions not at Chase about getting the $3K moving money to tenants, obviously not the owners. However, as I said, did not run into this with Freddie, so even though others are reasonable, maybe Freddie is not? Call them.

Comment by Kevin - Greenville, SC on November 26, 2013 at 8:42am

Neil,

Is the wife still on title?

Comment by Neil L. on November 26, 2013 at 8:41am

Has anyone ever had the lender say that they only pay JR Liens that are Mortgages, and will not pay HOA judgments? That's what chase is telling us..

Comment by Neil L. on November 26, 2013 at 8:40am

Freddie Mac Incentive: Seller deceased, wife survived him.  She's not on the loan but lives in the house.  Chase is saying freddie mac will not pay the 3k incentive because the "owner" is not living in the house... has anyone gotten around this before?

Comment by Dean E Eshelman, CPA, CDPE, IRES on August 7, 2013 at 10:05am

Freddie Mac Borrower Outreach 877.518.8429

recording referrs you to second number  Freddie Mac: 800- FREDDIE press 0

800-373-3343

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