Bill Garrett
  • Delaware
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Bill Garrett's Discussions

CPA RECOMMENDATION - PENNSYLVANIA

Started Apr 10 0 Replies

Looking for a tax professional who has experience with the application of Mortgage Debt Relief Act.  I have a very large short sale.  The contract was signed in 2016, hence the Act still applies. I…Continue

TRID & The Short Sale Settlement: Who's Doing What, When??

Started this discussion. Last reply by Vikki Lucas Dec 7, 2015. 5 Replies

As we move forward into this unknown TRID world, I know I would welcome any info about what you folks are discovering about this TRID stuff.   Pooling our experiences should help with the learning…Continue

 

Bill Garrett's Page

Profile Information

First Name
Bill
Last Name
Garrett
Are you a...
Other
State
Delaware
City
Wilmington

Bill Garrett's Blog

Incarcerated Seller

Posted on January 26, 2011 at 7:25am 3 Comments

I have a short sale selling homeowner who finds himself an involuntary guest of the state.  Looks like he may be there for the foreseeable future, likely to be years not months.  He has a conventional FNMA mortgage (and a second mortgage), both with First Franklin.

 

I anticipate and can handle the logistic complications of getting docs signed, etc. but wonder if anyone has had a similar experience with a locked up-seller.  What, if any, impact would that key fact have on the…

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