Trina's Blog (2)

Chase is saying FNMA must PP the FC - FNMA is saying that Chse must PP the FC - HELP!!!!

Long story short - it's an EQ file ... ONE mortgage with Chase

Chase has had a FMV Offer on file since April 1st

We have met THREEE (3) people at the property who have done BPOs / Appraisals

FC is set for May 7th

They have ALL DOCS and have HAD ALL docs since about April 9th

Chase is saying FNMA must PP the FC - FNMA is saying that Chse must PP the FC - HELP!!!!

I have TRIED to escalate at FNMA and they clsoed my ticket out saying NO BPO has been…

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Added by Trina on May 2, 2013 at 10:19am — 1 Comment

Is it LEGAL for a Seller to submit documents fro both a Short Sale AND a Loan Modification?

I have just run into a situation where my buyer had a contract in on a "Potential Short Sale" that was going to be foreclosed on this month and NOW that the bank has postponed the FC sale ... the Sellers have decided to do a Loan Modification even though neither of them have an income or job .... how can this be?

 

I have been told by more experienced agents than myself that the financial information that the banks need for a Short Sale is much different from what they need for…

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Added by Trina on September 14, 2011 at 2:20am — 3 Comments

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