Chad Gelsinger's Groups
Chad Gelsinger's Page
Latest Activity
Chad Gelsinger replied to Neil L.'s discussion Did the Minimum NET change? in the group VA Compromise Sales
"Hi Neil,
VA NET is 84.05% of Appraised Value.
Chad."
Chad Gelsinger commented on Wendy Rulnick's group Ditech ( Formerly Green Tree )
"Andrew... We were told the first batch (50,000) of Fannie loans are scheduled for transfer on 11/01. The rest of the loans are scheduled over the next 60-90 days. Unfortunately nobody knows exactly when an individual loan transfer will occur. Where…"
Chad Gelsinger commented on Wendy Rulnick's group Ditech ( Formerly Green Tree )
"Hi Andrew, you will not need the Ditech ALT... Ditech is closing all departments due to their BK filing. New Servicers are being assigned to all loans.
If the loan is backed by Fannie, New Res/Shellpoint should be the newly assigned Servicer.…"
Chad Gelsinger commented on Wendy Rulnick's group Ditech ( Formerly Green Tree )
"Hi Andrew, you are wasting your time with Ditech. They are closing all of their operations due to their BK filing. New Servicers are being assigned to all loans.
If the loan is a Fannie backed loan, Shellpoint/New Res should be the newly…"
Chad Gelsinger replied to Guerry Clegg's discussion Borrower current in the group VA Compromise Sales
"Hi Guerry,
We have never closed a VA Compromise Sale with the Borrower being current. VA regulations typically require 60 days of delinquency.
It makes sense the Servicer will not close without the VA backing. I would agree with Brett, where the…"
Chad Gelsinger replied to Brenda Houghton's discussion VA Compromise Sale - deed restriction on resale? in the group VA Compromise Sales
"Brenda, Typically VA does NOT require the resale language in the new deed. Check with the Servicer though... Sometimes they will require the language. We recently had an FHA file where the restrictive language was required by the Servicer, not FHA.…"
Profile Information
- First Name
- Chad
- Last Name
- Gelsinger
- Are you a...
- 3rd Party Negotiator
- State
- PA
- City
- Lemoyne
- My Profile
- Our title company, Complete Closing Services, has been helping Realtors navigate the Short Sale process for years now. We have created MYclosing to help Realtors and Homeowners with the ever changing Short Sale industry. We have built our business on Honesty, Integrity, and Dedication to our clients and will continue to do so well into the future.
Comment Wall (2 comments)
- At 5:23am on March 15, 2018,
Arisha Griffith said…
Hi Chad,
My seller interprets the language as they can never buy the house back (I consulted an attorney who said this is not exactly the case). In the latest version of the form, under section (b), they would just like to take out the part that says they can never obtain title of the mortgaged premises again. I spoke to Wells and they will not accept a redacted form in any case. Thank you for your response.
- At 2:06pm on April 7, 2016,
Celeste ODea said…
Thank you so much! I really appreciate it.
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