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 commented on Stephanie Lim's group FHA - HUD Short Sales
"This is exact wording from variance letter sent....They sent a DENIED response to servicer and noted that property needs to have repairs made and can have short sale /variance re applied for at that time Justification for requesting HUD approval of…"
Dec 13, 2016
Thomas Turner replied to Thomas Turner's discussion Variance(FHA) Denial (Bank America is servicer))
"This is exact wording from variance letter sent....They sent a DENIED response to servicer and noted that property needs to have repairs made and can have short sale /variance re applied for at that time Justification for requesting HUD approval of…"
Dec 13, 2016
Thomas Turner replied to Thomas Turner's discussion Variance(FHA) Denial (Bank America is servicer))
"I am the agent, both files were denied variance for repairs needed to property...Variance is because appraised value is 80k and 280 owed on fha 1st mortgage"
Dec 12, 2016
Brett Goldsmith replied to Thomas Turner's discussion Variance(FHA) Denial (Bank America is servicer))
"What is the variance for? Are you asking for a price reduction or a new appraisal to be ordered? Are you the agent?"
Dec 6, 2016
Thomas Turner replied to Thomas Turner's discussion Variance(FHA) Denial (Bank America is servicer))
"I had two denied this week, each time HUD/FHA denied variance because the property needs some repairs?( as all foreclosure need repairs)."
Dec 6, 2016
Thomas Turner commented on Stephanie Lim's group FHA - HUD Short Sales
"I have (2) FHA/HUD short sales denied this week for because variance was denied due to repairs needed??? Anyone have any suggestions..."
Dec 6, 2016
Brett Goldsmith replied to Thomas Turner's discussion Variance(FHA) Denial (Bank America is servicer))
"Hey Thomas. Your question isn't that clear. Are you stating the bank wants too much money? Seems strange that a variance would be denied because the appraisal value is too low. The appraisal is ordered on behalf of…"
Dec 6, 2016
Thomas Turner posted a discussion

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

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??See More
Dec 5, 2016
Thomas Turner replied to Thomas Turner's discussion What areHUD/FHA allowable fees on seller side of HUD-1/Settlement statement in the group FHA - HUD Short Sales
"thanks for responding, I just read Chad's attachment  to my question and his list and gives me all allowable and dis-allowable fees..."
Nov 24, 2016
Dean E Eshelman, CPA, CDPE, IRES replied to Thomas Turner's discussion What areHUD/FHA allowable fees on seller side of HUD-1/Settlement statement in the group FHA - HUD Short Sales
"Thomas Turner I don't have a list, but closing costs must be usual and customary. Home warranties are not allowed. So please against the property, If any, to be paid out of closing. Do you have a specific question on a closing item?"
Nov 24, 2016
Chad Gelsinger replied to Thomas Turner's discussion What areHUD/FHA allowable fees on seller side of HUD-1/Settlement statement in the group FHA - HUD Short Sales
"Happy Thanksgiving!!! Thomas, see attached list of "allowable" and "disallowable" costs. Hope this helps... Chad"
Nov 24, 2016
Thomas Turner added a discussion to the group FHA - HUD Short Sales
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What areHUD/FHA allowable fees on seller side of HUD-1/Settlement statement

Does anyone have a list of allowable fees to put on HUD1/Settlement statement for seller side..example-Attorney Fees, Title lien search,etcSee More
Nov 24, 2016
Thomas Turner joined Stephanie Lim's group
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FHA - HUD Short Sales

HUD rules for FHA short sales, tips, experiences, etc.Fax LOA:  918-236-3274PH 877 622-8525See More
Nov 24, 2016
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

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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