Carmine R Biello Jr
  • Male
  • Fort Lauderdale, FL
  • United States
  • Florida
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Carmine R Biello Jr's Discussions

BOFA Did it again!!!!! What are they thinking???

Started this discussion. Last reply by Celeste ODea Oct 28, 2013. 44 Replies

BOFA Did it again!!!! Short sale approved. Approval letter being worked on and I could not get it last Friday or this past Monday as I was told I would. Tuesday, Wednesday and even yesterday received…Continue

Tags: after, approval, transfered, File, Short

Has anyone dealt with New York Community Bank?

Started this discussion. Last reply by Julia Fishel Oct 22, 2012. 1 Reply

I would love some feedback from you. Thank you! Continue

Tags: Bank, Community, York, New

 

Carmine R Biello Jr's Page

Profile Information

First Name
Carmine R
Last Name
Biello Jr
Are you a...
3rd Party Negotiator
State
Florida
City
Weston
My Profile
Master Negotiaor, Short Sale/REO Specialist. Real estate Broker, Top Producer, Multi-Million Dollar Club Member

Carmine R Biello Jr's Blog

Wells Fargo to Buy Brokered Loans

Posted on July 19, 2012 at 11:29am 0 Comments

In shuttering its wholesale lending channel, Wells Fargo & Co. said it would discontinue funding loans originated by mortgage brokers, but that will not end its relationship with brokers.

The nation’s largest mortgage lender will continue to purchase brokered loans through its correspondent channel, which has cheered up the National Association of Mortgage Brokers.

“NAMB does recognize and appreciates Wells Fargo’s strong support of mortgage brokers…

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Can I still do a short sale even If I am going through a foreclosure?

Posted on June 28, 2012 at 7:58pm 0 Comments

Absolutely. YES!!! You will not be asked to move out until the closing. If your specialist is actively working with your bank, your lender will typically delay the foreclosure proceedings making it possible for you to stay in your home a little longer.

How do I qualify for a short sale?

Posted on June 28, 2012 at 7:57pm 0 Comments

 While lenders have become more lenient in recent times, there are typically three qualifications required for a short sale.

  1. Financial Insolvency (no other major assets),
  2. The proceeds from the sale of the property, after all closing costs are paid, are less than the amount currently owed on the property, and
  3. Financial hardship. Acceptable hardships may vary, but some common ones are; loss of income or employment, divorce or separation, relocation or job…
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Why Should I short sale my home?

Posted on June 28, 2012 at 7:54pm 0 Comments

To settle for a foreclosure means accepting the damage to your credit a foreclosure would bring. It also means accepting the fact that in many states, the lender will seek a deficiency judgment in the amount that is owed. A short sale by itself will typically lower your credit score by 50-120 points, however the hardest hit on your credit will be from missed mortgage payments, not the short sale itself. Your credit will usually recover from a short sale in as little as two years, whereas a…

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At 11:03am on July 23, 2012, Denise Orrico said…

Thanks a bunch Carmine...I will only contact him if needed!!! I appreciate the contact info! :-)

 
 
 

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