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Albert Clark's Discussions
Freddie Mac Short Sale Denial of Short Sale on Military Transfer
Started this discussion. Last reply by Ron Scribner Mar 20, 2013. 1 Reply 0 Likes
I have a short sale that was just denied today by Freddie. Servicer is Flagstar. The borrower is married to Active military (husband not on loan). Husband received PCS orders for relocation in…Continue
Replacing buyer with Seterus and Suntrust
Started this discussion. Last reply by Bryant Tutas Aug 25, 2012. 1 Reply 0 Likes
Just had a buyer walk the same day I received short sale approval on a Suntrust 2nd. Already had the 1st approved with Seterus. I was able to get a 2nd buyer to meet the price and terms that the…Continue
HAFA max seller costs of 10% - does this exist?
Started this discussion. Last reply by Bryant Tutas Aug 25, 2012. 1 Reply 0 Likes
I'm on the buying side of a transaction where the listing agent is telling me that the seller is completing a HAFA Short Sale and that HAFA has determined a maximum total costs for the sale to be no…Continue
Fannie Mae Contact
Started this discussion. Last reply by Beverly Cibulsky Aug 21, 2012. 6 Replies 0 Likes
Does anyone have a contact at Fannie Mae that they can forward?I had a 1st lien short sale approved by my negotiator with Cenlar, however we had to go back to Fannie Mae to increase the 2nd lien…Continue
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NYCB 2nd lien
Posted on May 4, 2012 at 3:58am 2 Comments 0 Likes
I'm working on a 2nd lien approval with NYCB (formerly Amtrust) in Ohio. I had an approval from Jan 2012 that was waiving the deficiency for the borrower. Buyer walked 2 days before closing and we had to put the property back on the market.
Have a new buyer, 1st lien approved and now the 2nd (NYCB) is approving the short sale with the right to pursue the deficiency. Saying they will not waive the deficiency this time as their policy has changed.
They also won't try to work…
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