Thomas Turner
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Thomas Turner's Discussions

Variance(FHA) Denial (Bank America is servicer))

Started this discussion. Last reply by Thomas Turner Dec 13, 2016. 5 Replies

Any information on how to proceed  after FHA denies variance due to repairs or appraisal value too low??  How to reverse the decision and get approved??Continue

FANNIE MAE VALUATIONS

Started May 12, 2016 0 Replies

I am looking for agents whom have requested Fannie Mae send you or the borrower a copy of the appraisal/bpo per the CFPB mandates, But Fannie Mae has denied sending them citing those reports are…Continue

SHORT SALES-COPY OF LENDER APPRAISAL OR BPO

Started this discussion. Last reply by Yas'min Rogers May 19, 2015. 2 Replies

DOES ANYONE KNOW IF THERE IS A MANDATORY LAW/REGULATION THAT THE LENDER MUST SUPPLY SELLER WITH A COPY OF BPO/APPRAISAL DONE??Continue

 

Thomas Turner's Page

Latest Activity

Thomas Turner joined Wendy Rulnick's group
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Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)This group is for information, tips and solutions for Wells Fargo short sales.See More
Aug 24, 2016
Thomas Turner joined James ferebee jr's group
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OCWEN

Ocwen short sale informationThis group is for information, tips and solutions for OCWEN short sales.See More
Aug 24, 2016
Thomas Turner commented on Bryant Tutas's group Freedom Mortgage
"Does anyone have any escalations contact info and/or value dispute process?"
Jun 2, 2016
Thomas Turner joined Bryant Tutas's group
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Freedom Mortgage

This group is for information, tips and solutions for Freedom Mortgage short sales.Main number 800.274.6600See More
Jun 2, 2016
Thomas Turner joined Wendy Rulnick's group
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Bank of America Short Sales

This group is for information, tips and solutions for Bank of America Short Sales.  See More
May 27, 2016
Thomas Turner posted a discussion

FANNIE MAE VALUATIONS

I am looking for agents whom have requested Fannie Mae send you or the borrower a copy of the appraisal/bpo per the CFPB mandates, But Fannie Mae has denied sending them citing those reports are proprietary...Please send a contact email address. I am in the process of preparing a legal challenge to Fannie Mae for not disclosing these reports....See More
May 12, 2016
Thomas Turner replied to David Zagorsky's discussion Fannie - Human or AVM?
"I am looking for agents whom has requested Fannie Mae send the borrower a copy of the appraisal/bpo per the CFPB mandates, But Fannie Mae has denied them citing those reports are proprietary... Send me your email contact"
May 12, 2016
Thomas Turner posted a status
"Does anyone have a contact at HUD/FHA to do a variance request.If foreclosure is 40 months delinquent , they are now denying short sale."
Apr 29, 2016
Thomas Turner replied to Tammie Holmes's discussion Where am I in this Bank of America sale process?!?!
"Does anyone have a contact at HUD to do a variance request. It seems if the foreclosure had been more than 40 months, they are now denying short sale , even if servicer has a pending approval."
Apr 29, 2016
Tony Morales replied to Thomas Turner's discussion CHASE -SELLER CONCESSION 2% or 3% in the group Chase
"How about uploading an approval letter or final HUD that confirms this"
May 19, 2015
Ben Benita replied to Thomas Turner's discussion CHASE -SELLER CONCESSION 2% or 3% in the group Chase
"They pay it on their portfolio loan short sales if it is on the HUD and on the original Listing Agreement (which is one of several reasons you should always always always find out who the Investor is on the loan prior to initiating)!!! There are 2…"
May 19, 2015
Tony Morales replied to Thomas Turner's discussion CHASE -SELLER CONCESSION 2% or 3% in the group Chase
"Thomas, as long as they are getting their required net they will give a credit up to 3% to the buyer Ben, per my contacts at CHASE they have never heard of 8% commission  can you supply proof? Tony Morales TM Short Sale…"
May 19, 2015
Yas'min Rogers replied to Thomas Turner's discussion SHORT SALES-COPY OF LENDER APPRAISAL OR BPO
"Yes, the CFPB Equal Credit  Oppourtunity Act ECOA Valuations Rule pg 10"
May 19, 2015
Ben Benita replied to Thomas Turner's discussion CHASE -SELLER CONCESSION 2% or 3% in the group Chase
"You can get 3% all day if you push them and talk to the right people. Chase WILL also pay 8% commission on their portfolio loan short sales if it is on the HUD and Listing Agreement!!! Let me know if you need help (we process for Agents, no…"
May 19, 2015
Brett Goldsmith replied to Thomas Turner's discussion CHASE -SELLER CONCESSION 2% or 3% in the group Chase
"Yes, many times. It depends on what type of financing the buyer is obtaining. If they aren't getting a government loan than the chance of a credit to their closing costs being approved is decreased…"
May 18, 2015
Thomas Turner added a discussion to the group Chase
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CHASE -SELLER CONCESSION 2% or 3%

Has anyone closed a Chase short sale where Chase was the actual Investors(Not Fannie/FHA) and they allowed a 2% or 3% sellers concession??See More
May 18, 2015

Profile Information

First Name
thomas
Last Name
Turner
Are you a...
Agent
State
NJ
City
Matawan
My Profile
Foreclosures, REO's and Short Sales since 1991

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