William C. Black
  • Male
  • Vancouver, WA
  • United States
  • Wa
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Profile Information

First Name
Bill
Last Name
Black
Are you a...
Lender
State
Wa
City
Vancouver
My Profile
Business Development Consultant for The Law Office Of Robert C. Russell P.C., NW Short Sale Network and NW Loan Modification Center which offers education, information and resources for Real Estate Brokers and distressed homeowners in Washington State.

William C. Black's Blog

Mortgage Insurance

Posted on September 28, 2011 at 1:07pm 3 Comments

Hello Group-

I am gathering information on experience with servicers in relation to share best practices when Mortgaghe Insurance is involved. I am hearing some pretty intriguing things that are occuring which SHOULDNT be.... does anyone have anything to share?

i.e.

Radian requested $40,000 note and ended up killing deal.

Servicer would not share who MI company was.

 MI company stated the decision is based up to servicer.

MI companies have over 100…

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At 6:43pm on August 17, 2012, joe beauchamp said…

William, I left a comment on the CCO wall asking about them. FInally got an approval. Never mentioned, they want $17K cash from the seller. I'm trying to figure out what I'm up against. Did the negotiator play dirty and not mention this when she insisted on more money from the buyer? Did she get surprised by it kicked back by the investor for $$? Is this a soft demand like the idiot ones from FNMA and FHLMC when the seller is broke? Is this a hard number and they'd rather have to buy out the 1st to foreclose and end up with the place?

The more I know before going in for a final chat, the better - and communication with them is nebulous, so I'm not looking forward to even that part of it.

So, thoughts? Suggestions? (CCO is 2nd, BofA is 1st but only CCO is shorted)

At 7:10pm on May 23, 2012, Kristopher said…
I had succes and have a wonderful contact at cco her name is Beverly Carson and she helped me close!
 
 
 

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