Tony Morales
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  • Calif
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Tony Morales's Discussions

Wells Fargo HAFA Approval

Started this discussion. Last reply by Fiel Barrow Aug 5, 2016. 1 Reply

Am I dreaming...  sent full package To WF for 1st mortgage and 2nd WF Home Equity loan on July 25, 2016  The assigned negotiator/processor said he would handle both loans.  I received approval…Continue

HAFA Incentive to tenant

Started this discussion. Last reply by Kevin - Greenville, SC Apr 21, 2015. 6 Replies

Can a Section 8 tenant receive the $10,000  relocation incentive?Continue

Nationstar Auction Process

Started this discussion. Last reply by Tony Morales Dec 11, 2014. 4 Replies

As many of you may know, Nationstar now runs their short sales through Homesearch.com instead of Auction.com. And in case you were not aware, Homesearch is owned by the same investors that own…Continue

Bank Of America Vendor Seneca

Started Aug 12, 2014 0 Replies

Formally AMS Servicing.  This company has to be the worst vendor B of A has ever used. It appears their employees are low wage and very untrained. They do not answer their phones and calls are not…Continue

 

Tony Morales's Page

Latest Activity

Tony Morales replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
"why would a buyer not want to sign the arms length?   Are they related to seller?"
Dec 4
Tony Morales replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
"don't understand your post  Is the lender going to receive net proceeds that are less than full payoff?  Then its a short sale and no funds, other than approved relocation, can go to the seller"
Nov 20
Tony Morales commented on Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
"Seems like you have gotten a lot of misinformation.  I have been very successful in obtaining approvals from SPS as I know their process better than some of their employees. I only speak to their Utah office, not Floridal.  I also try to…"
Nov 20
Brandy Nelson left a comment for Tony Morales
"Not a lot but yes there are distressed properties."
Oct 29
Tony Morales replied to ash lomont's discussion SPS 2nd mortgage in the group SPS Select Portfolio Servicing, inc
"I just got off the phone with Freddie Mac who stated that is their guideline  but then said that the servicer can ask fort an exception. Then I called my contact at Wells Fargo as they service FM loans too. he stated FM will always decline a…"
Oct 24
Tony Morales replied to ash lomont's discussion SPS 2nd mortgage in the group SPS Select Portfolio Servicing, inc
"Brett, The 1st is foreclosing, not the 2nd . So 2nd is aware that gets 0 if goes to auction"
Oct 23
Tony Morales replied to ash lomont's discussion SPS 2nd mortgage in the group SPS Select Portfolio Servicing, inc
"its very doubtful that the 2nd has insurance.  Please understand a 2nd lien holder could care less about Freddie Mac's guidelines. So possibly the reason they will not accept is that they know that they can go after the seller for the…"
Oct 23
Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"Before you go through all that trouble  the owner should just call them and see if they have that option. Also try to find out who the investor is"
Jul 25
Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"I am not familiar with the deficiency laws in Florida but if you are asking if they will take a short payoff from the current owner and the owner still lives in the property  that would seem very difficult. "
Jul 25
Tony Morales replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans
"they are still saying that if it is NOT a government investor then only option is a  deed in lieu  which brings up the issue if their are any junior liens"
Jul 25
Tony Morales replied to Bob Helmig's discussion CHASE HELOC pay commission to buyer's agent related to buyer? in the group Chase
"Yes"
Jul 25
Tony Morales replied to Juan Reyes's discussion Will Select Portfolio Servicing contribute to the 2nd lien in the group SPS Select Portfolio Servicing, inc
"Yes you were most likely speaking to a customer service rep in Jacksonville Fl.    SPS guidelines of proceeds to a 2nd lien are "investor specific"  meaning one investor may allow 8% of the unpaid principle balance owed…"
Jun 1
Tony Morales posted a status
"Has anyone done a short sale with Planet Home Lending? if so what is their process? easy to work with?, etc"
Apr 25
Brandy Nelson left a comment for Tony Morales
"Thank you.  Not a lot but there are more and more short sales I am seeing."
Apr 10
Brett Goldsmith commented on Tony Morales's blog post Short Sale with HERO Assessment
"Ok, I'm not aware of that financing aspect. Servicer generally won't pay for it in full from what I've seen. I can recall on one transaction we paid it off in full with agent commissions, etc."
Apr 9
Tony Morales commented on Tony Morales's blog post Short Sale with HERO Assessment
"Brett... a buyer, with exception for a VA buyer,  cannot obtain a loan when there is a HERO assessment.  no portion of it can be transferred.  How can you convince a short sale lender to cover the entire fee that really is not due…"
Apr 9

Profile Information

First Name
Tony
Last Name
Morales
Are you a...
3rd Party Negotiator
State
Calif
City
Rancho Cucamonga
My Profile
former loss mitigation employee worked in short sale dept at major lender for over 5 years. Also licensed real estate agent

Tony Morales's Blog

Short Sale with HERO Assessment

Posted on April 9, 2018 at 12:59pm 3 Comments

As anyone dealt with any short sale lenders that will agree to pay the HERO tax assessment?  Are lenders declining short sales due to the HERO being a "future" tax bill rather than a current or delinquent tax?  Need responses

Franklin Still Killing Short Sales

Posted on October 22, 2015 at 8:11am 0 Comments

I was hired by the listing agent to save this short sale  Franklin played their silly games. We offered $12,000.00   They countered back at $20,000.00  Buyer walked. Month and a half later obtained new buyer, whose offer was approved by  and the first lien holder, and allowing $20,000.00 to Franklin. They came back and countered at$28,000.00 claim they have new guideline. That is a crock.  This one will end up in foreclosure. Other than preaching to the choir, who can we reach out to stop…

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Fannie Mae Countering above their own values

Posted on November 1, 2013 at 1:00pm 0 Comments

If you are in a real estate market that is going strong and values are increasing then this applies to you. My reliable sources have informed me that Fannie Mae will counter your offer above what their BPO or appraisal came in at.

As of November 1, 2013 they are instructing servicers to submit  all offers to them where the net proceeds are less than what they have required They are stating that they want the sales price to be inline with how their REO's are handled.

They are…

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Fight Back Against Nationstar

Posted on February 23, 2013 at 8:20am 6 Comments

Nationstar has taken the position that they will dictate to agents and if you don't like it they will just close your file. Agents need to join together and not accept the silliness of Nationstar.  DO NOT ACCEPT 5% commission!  DO NOT ACCEPT that they will not pay title insurance or any other state regulated fees. Recently they closed my file because I questioned why they required a separate letter on a LLC buyer's letter head  their instruction said .....: Must…

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Comment Wall (3 comments)

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At 6:08am on October 29, 2018, Brandy Nelson said…

Not a lot but yes there are distressed properties.

At 5:56am on April 10, 2018, Brandy Nelson said…

Thank you.  Not a lot but there are more and more short sales I am seeing.

At 12:19pm on July 1, 2016, Donna Perry said…
Tony: I need to talk to you ASAP. Have a short sale that I just got my second offer on and now they want to go to auction....again. Please send me your number....so frustrated Donna Perry
508-287-4186
Massachusetts real estate agent
 
 
 

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