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 The Mike Sher Team, Max Broock Realtors, (248) 496-1572 is proud to be a Bank of America Equator Approved Realtor.

Having a Real Estate Licenses is not enough to be a Short Sale professional. What elevates a Realtor to a Short Sale professional?:

1. How man of short sales that have closed?
2. Do they negotiate the short sale or pass the file to another company to do it?
3. Are they educated in short sales?
4. Do they teach short sales to other realtors, CPA’s or Financial Planners?
5. Do they keep up to date on the ever changing laws, rules and policies with regards to short sales?
6. Can they explain the difference between a HAFA NON-GSA Short Sale, HUD-PFS, CO-OP, HAFA-FNMA Short Sale, HAFA-FHLMC Short Sale, RASS form, A-RASS form and a SSA form?
7. Are they Equator approved for Bank of America, Wells Fargo and GMAC?
8. Can they offer references?
9. Can they provide letters from attorneys endorsing their services?

**If you do not like their answers, then keep on looking for the right realtor**

These are just a few of the questions that should be asked before you sign up with any Realtor when it comes to a short sale.

The Mike Sher Team has assisted homes-owners in over 100 short sale payoffs.  We work with all banks and can help homeowners get out from under their loan(s)!   Most homeowners do not get a 2nd chance with a short so seek a Realtor with a long track record of success.  Request references and ask lots of questions.  You do not want to find out too late that they are unable or unqualified to help you.

Mike Sher, Max Broock Realtors (248) 496-1572

About Mike Sher

• He has negotiated over100 short pay offs for my clients
• He is a Short Sale expert panelist for the Real Estate Investors of Oakland.
• He is Real Estate One's and Max Broock's Short Sale consultant and Short Sale Instructor
• He is a published Short Sale resource for the Detroit Free Press
• He has an over 90% Short Sale success rate (national average is 33%)
• He has instructed over 500 agents on how to successfully close short sales.
• His weekly http://mikerealtorblog.com/ is used by 1000's of professionals as a Short Sale help site
• Realtors know me as a "Short Sale Expert" which attracts more buyers to my listings
• He is a Certified Distress Property Expert
• He is a Fox2 contributor.
• He is a CPA CME instructor for the Michigan Association of Certified Public Accounts regarding Short Sale transactions tax liabilities.

Mike Sher , Max Broock Realtors, Michigan at (248) 644-4700 x 242

 FOR IMMEDIATE RELEASE                                                                         For more information, please contact:                                                                 Michael B. Sher 248-496-1572- Team@mikerealrtor.com

Strategic Default is not the best option for distressed homeowners in Oakland County

 Bloomfield Hills, Michigan – 04/25/2012 – For homeowners in danger of losing their home, walking away might seem like an attractive solution. “Many distressed homeowners in Oakland County have been getting bad advice when it comes to strategic default,” said Mike Sher, CDPE and Associate Broker of Max Broock Realtors. “It has become fashionable for some so-called experts to recommend defaulting on your mortgage as a method of dealing with pending foreclosure, but this is actually one of the worst options imaginable,” Sher added.

Strategic Default is a method that some homeowners who are in danger of losing their home to foreclosure choose to take. Rather than spending more money trying to save the home, they simply let the bank foreclose, take the credit hit and then walk away. “It is unfortunate,” said Sher, “because there are so many better options available to homeowners under the threat of foreclosure than this.”

While Strategic Default may provide immediate relief to the overwhelming feeling that the threat of foreclosure brings, it can have devastating effects on a homeowner’s future ability to find affordable housing.

As a Certified Distressed Property Expert (CDPE), Mike Sher says that he makes a point to find the best possible options not just for the present, but for the future as well. “There are options for homeowners in South East Michigan that can have a much lighter effect on their credit while also allowing them to walk away from an oppressive mortgage.”

Mike Sher has developed a free report entitled, “Escape your Unmanageable Mortgage” that is accessible from His website, www.ShortSaleOalkandCounty.com  

The Mike Sher Team has assisted homes-owners in over 100 short sale payoffs.  We work with all banks and can help homeowners get out from under their loan(s)!   Most homeowners do not get a 2nd chance with a short so seek a Realtor with a long track record of success.  Request references and ask lots of questions.  You do not want to find out too late that they are unable or unqualified to help you.

Mike Sher, Max Broock Realtors (248) 496-1572

About Mike Sher

• He has negotiated over100 short pay offs for my clients
• He is a Short Sale expert panelist for the Real Estate Investors of Oakland.
• He is Real Estate One's and Max Broock's Short Sale consultant and Short Sale Instructor
• He is a published Short Sale resource for the Detroit Free Press
• He has an over 90% Short Sale success rate (national average is 33%)
• He has instructed over 500 agents on how to successfully close short sales.
• His weekly http://mikerealtorblog.com/ is used by 1000's of professionals as a Short Sale help site
• Realtors know me as a "Short Sale Expert" which attracts more buyers to my listings
• He is a Certified Distress Property Expert
• He is a Fox2 contributor.
• He is a CPA CME instructor for the Michigan Association of Certified Public Accounts regarding Short Sale transactions tax liabilities.

Mike Sher , Max Broock Realtors, Michigan at (248) 644-4700 x 242

Appreciate your help or advice on this: Below is basic scenario involving PHH as the 1st (the 2nd is the problem).

I have a call in to Fannie Mae to get clarification on this "guideline" in order to gain some ground with the 2nd.

First mortgage PHH today stated that Fannie Mae recently changed their guidelines and now will not allow the secondlien holder to require a promissory note or agreement to pay back the moneyoutstanding, the second lien holder must release the difference. 

Second lien holder (Citifinancial Equity Services)   will not release the lien unless the Seller agrees to pay the entire amount back. 

Oakland, Wayne and Macomb Counties 1st Quarter 2012 Real Estate Market Report

by: Mike Sher (248) 496-1572, Max Broock Realtors

The first quarter County Market Reports are further proof of what we are seeing every day: Sales are picking up and inventory is getting scarce. Seven of the eight markets tracked showed sales unit gains over last year. Declining home inventories are moving all areas closer to a Seller’s Market, with many of the lower priced areas already crossing the Seller’s Market barrier (under three months of inventory). The vast majority of areas are sitting in a neutral market. When we examine those neutral markets, we see about one-third of the market in a solid Seller’s Market with multiple bids and two-thirds still sitting at a Buyer’s Market, typically because of price or condition. Even in the upper-end markets, where we still see inventories in excess of 12 months, the one-third/two-thirds pattern still follows and is even more pronounced since overpricing tends to be more prominent in the over $400,000 price ranges.

Wayne County: MSI improved 14%, sales 4% and inventories fell 11%. Excluding Detroit, Wayne MSI for under $75,000 was actually under three months. For the first time in a while, the City of Detroit did not fare as well as the rest of the county in terms of sales activity.

Oakland County: MSI improved 21%, sales 5% and inventories fell 16%. Under $100,000 moved to a Seller’s market with the balance of the county in neutral territory.

Macomb County: MSI improved 50%, sales 16% and inventories fell 40%. Macomb made the most significant improvement over last year and is the first county to move into a Seller’s Market overall.

We’ll be looking forward to second quarter market reports where the upward trends will possibly grow even stronger. All signs point to a Seller’s Market in the near future.  

Below you will find the links to the 1st Quarter, 2012 reports .

Macomb County

Oakland County

Oakland County 600+

Wayne County

If I see there was less than 20% down at purchase (without a piggyback) or if I see the servicer changing since the loan was issued, I assume there is MI either paid for by the seller or added by the new lender when they bought the loan.

1st, I call the servicer and ask, REPEATEDLY, because you have to find the rep that hasn't got them memo not to give out this critical information. Get the MI company and the mortgage certificate number (it's like the account number for MI).

2nd, I also ask for it in a qualified written request (search for that on this site if you don't know what that means). Remember to ALWAYS get your QWR at listing, because the bank has three months to respond.

3rd, You might even ask the mortgage broker / loan officer that gave them the loan, if the MI was put on because the downpayment was below 20%.

4th, Last but not least, when the negotiator starts blaming the mortgage insurer for the problem, I ask them "which MI company?" Usually, even at a bank, blaming a ghost company seems a little rediculous and I get the info I've been asking for all along.

I suppose if completely thwarted you could fax in a LOA to each of the companies and call down the list until one of them admits they're insuring this loan.

I am helping out on a short sale in Redwood City where Chase is servicing the first and second loan. What this means is that the owner has first and second mortgages that were originally gotten from Chase. These loans were then sold to investors and Chase maintained the servicing. This means that ultimately Chase no longer makes the decision about whether or not to approve a short sale. The problem is there is also a third lender, and the third lender wants a lot of money to approve the short sale. The buyer agreed to pay the third what he wants, but the investor for Chase's first loan said no way. I guess from that investor's perspective if they foreclose they do not have to pay off the second or third and they get to keep all the money. Maybe they will make more if they foreclose. 

But maybe they won't. And in any case foreclosures are complicated and costly, and we have a ready willing and able buyer. Chase seems to have tried to convince the investor to take the offer. The Short Sale Department at Chase has even told us to submit another offer in an attempt to change the investor's mind.

I do not know if the new offer will make any difference, but I am immensely impressed with Chase's efforts on our behalf. I obviously am not privy to all of the number crunching as to who gets what if there is a short sale vs a foreclosure, but I do know at least Chase is really trying to help the borrower avoid foreclosure. That makes me feel pretty warm and fuzzy about them today.

If you have any questions about short sales in San Mateo or Santa Clara County please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194

For the past few years, any time someone asks me what I "do" and I respond that I'm a Real Estate Broker...I get that same look and tone of voice preceeding the question "Is the market getting any better" with sympathy written all across their face.  While I certainly appreciate compassion, the truth is, as I respond..."It's been steady all along".  "The only thing constant is change"   François de la Rochefoucauld.  That's true in all aspects of life.  In a once booming and over inflated market where "business was easy", agents grew lazy, sellers expected their property to be an easy sale, and buyers expected to get the loan they wanted regardless of conditions...because it was EASY.  Times have changed, loan regulations are tighter, homes have to be priced right to sell (or possibly the necessary short sale), and agents have to be creative in their sales process and work harder.  All this being true, the market isn't bad!

For those who have decent credit and employment, loans are available!  If you don't have what the lenders need, then a lease purchase, seller financing or rent-to-own are alternate options (in which there are many available). With both rates and property prices LOW (however starting to rise in some areas), buyers can get a great deal and many times buy into instant equity!  That's like a bank account without depositing more money!   Additionally, if you have extra CASH, why waste it with a very minimal interest rate in the bank???  Buy a piece of rental or investment property and reap the benefits!

SELLERS...don't get discouraged. I know you see houses and condos siting on the market.  If you bought prior to 2004, bought in at the right price, or purchased after 2008, you probably have room to sell your home at a price THAT WILL SELL.  If you purchased at the peak, have negative equity, "can't" sell because you can't afford to, BUT can't afford to keep the property either...don't foreclose. You have other options.  Shortsale, deed in lieu of foreclosure, modification, etc.  If you're in that situation and want to discuss your options with a seasoned professional regarding a shortsale, feel free to call me at 843-321-9841 or email redhotproperties@gmail.com.  Your information is confidential and I'd be glad to give you information regarding "what happens next".  Houses and condos are selling and I see more and more properties selling faster and faster.  When you list your property with an agent, ask questions like "Where will my property be advertised both in print and online?", "Where does your website syndicate to?", "Will my property be posed on social media?", "How are you different from anyone else I call?".  Make sure you choose a Realtor who's ready to not only LIST, but also SELL your property.

Buyers, sellers, investors....THE MARKET IS GOOD.  MAKE IT A GREAT DAY.

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Short Sale Superstars is owned and operated by REGrow, LLC

A Licensed Florida Real Estate Brokerage

ShortSaleSuperStars@gmail.com

DISCLAIMER

REGrow, LLC does not necessarily endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. REGrow, LLC takes no responsibility for the content on these pages that are written by the members of this community</

Hey does anyone know if USDA does Cash for Keys?  We are trying to get them to allow the seller $$ for relocating and Chase is telling me no because USDA doesn't have any programs. I am unsure if he truly knows or is just saying that. I can not find info either way.

Thanks,

Cassandra

It is no secret that the market in Silicon Valley is crazy. The inventory has never been lower so the competition for homes is  fierce. For example, Taylor Morrison is opening up a new town home development in Sunnyvale in May and they already have 300 people on the waiting list. Homes in Palo Alto are sometimes getting over 10 offers. 

If you are a seller you may be trying to acomplish a short sale, and life becomes complicated with all of the details of supplying documents, giving the bank what they want, when they want it, and living by their timelines.

Maybe you are trying to buy an reo and you have to sign documents that make you do everything short of giving up your first born.

So the big question is "Do you want to buy a sell a house right now?" If then answer is yes then you need to listen to the person saying "because I said so." Whether that person is the listing agent for a home you want to buy, the bank who needs to approve your short sale, or the bank who owns the foreclosed property you want.

Follow directions, exactly. If the directions say fill out the disclosure package completely, fill it out. If Bank of America says they want the first 5 numbers of your social if you are trying to buy a short sale then give it.

This is not an environment for everyone, and it will not last forever, nothing does. But if you want to buy right now it is best not to have issues with authority, just do what is asked of you. This is not to say that you should go into this blindly or give up your inspection rights, but it does mean you need to follow directions and do what is asked of you.

If you are selling short, do what the bank wants. You have the right to accept or reject their their conditions but you do not get to tell them what they need to do.

If you are selling in a hot market and it is a sale with equity, don't be a bully. Give clear directions and be grateful for the people who want to buy your home.

If you have any questions about buying or selling a home in Silicon Valley please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194

From the Florida Association of Realtors newsletter:

Freddie Mac sets new short sale timelines, Fannie to follow McLEAN, Va. – April 18, 2012 – Freddie Mac, the federally owned company that buys mortgages from local lenders, says it wants to make the short sale process easier on home sellers by updating its timelines for short sales and requiring better communication from lenders. Last year, Freddie Mac completed 45,623 short sales.

The initiative is part of the Servicing Alignment Initiative (SAI) Freddie Mac and Fannie Mae launched in 2011 at the direction of their regulator, the Federal Housing Finance Agency (FHFA). Yesterday, FHFA announced that Fannie Mae and Freddie Mac must adopt the new short-sale guidelines, and the latter announced compliance shortly after that.

“Freddie Mac’s new timelines are intended to help make the decision process more transparent and timely for short sales under the Obama Administration’s HAFA program or Freddie Mac’s traditional short-sale option,” says Tracy Mooney, Freddie Mac senior vice president, single-family servicing.

Freddie Mac proposals

• Loan servicers should make a decision within 30 days of receiving 1) an offer on a property under Freddie Mac’s traditional short sale program or 2) a completed Borrower Response Package (BRP) requesting consideration for a short sale under HAFA or Freddie Mac’s traditional short sale program. BRPs are standardized assistance applications developed under the Servicing Alignment Initiative.

• If a lender needs more than 30 days, it must give homeowners a status update at least weekly, and a final decision must be made in less than 60 days.

• If a servicer makes a counteroffer, the borrower must respond within five business days. The servicer then has 10 more business days to respond to the buyer.

Freddie Mac says it will use the new timelines to evaluate servicer compliance with the SAI and its own servicing requirements.

© 2012 Florida Realtors®

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Need Training?

Short Sale Superstars is owned and operated by REGrow, LLC

A Licensed Florida Real Estate Brokerage

ShortSaleSuperStars@gmail.com

DISCLAIMER

REGrow, LLC does not necessarily endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. REGrow, LLC takes no responsibility for the content on these pages that are written by the members of this community

I have an approved short sale with Aurora but after inspections the buyers are wanting to ask for concessions for the roof and siding. Has anyone successfully asked and received these type of concessions with Aurora?

5 Reasons to Consider a HAFA Short Sale

The Home Affordable Foreclosure Alternatives (HAFA) program is a subset of the federal Home Affordable Modification Program (HAMP). HAMP was designed to help homeowners restructure their loans with their existing lenders.  There is also a program calledHARP (Home Affordable Refinance Program) under the same umbrella of federal programs, which is designed to help underwater homeowners refinance.  HAFA is the program which covers the short sale and deed in lieu options.

In order to enroll in HAFA, you must be eligible for HAMP. Being eligible does not mean you qualify for a HAMP loan modification, it just means you meet the threshold eligibility requirements for the program.  In order to enroll in HAFA, you must complete an RMA form (Request for Modification and Affidavit), and once it is determined that you are eligible for HAMP, you can elect to do a HAFA short sale rather than a HAMP loan modification.

The HAFA program offers important benefits to short sale sellers:

1. $3000 HAFA short sale seller relocation incentive. This HAFA short sale program benefit simply can’t be beat.  Three thousand dollars in your hand upon close of escrow.  For those in extreme financial distress, the $3000 can provide a deposit on a rental and much needed help with the expense of moving.

2.  HAFA Short Sale Agreement.  One of the other great benefits of HAFA is that you can apply for the program and know that you are approved for a HAFA short sale before you list your home for sale.  After you apply, the lender will order a valuation of the home and determine your eligibility for the program.  If approved, you will be issued a Short Sale Agreement (SSA) that will allow you 120 days to market the home and a pre-approved price.

3. Pre-Approved Pricing.  Before issuing the Short Sale Agreement, the bank will order a valuation of your home, either through a Broker Price Opinion (BPO) or an appraisal (to their credit, Bank of America uses appraisals instead of BPOs).  Once you have been approved for a HAFA short sale, you will receive a Short Sale Agreement which will have a pre-approved price that the bank will accept.  So, there is no guessing at that point about what the bank will take for the home.

4.  No foreclosure sale during HAFA marketing period. The HAFA program offers a guarantee of no foreclosure sale while you are in the 120 days marketing period. Many short sale sellers turn to a short sale as an option only after their efforts to modify their home loan have failed or produced a less than optimal result. Accordingly, they may already have a Notice of Default or Notice of Trustee’s Sale filed by the time they decide to pursue a short sale.  The HAFA short sale program offers the guarantee that the home will not be taken back in foreclosure during the 120 day marketing period.

5. Guaranteed waiver of deficiency from participating first mortgage lenders.  HAFA offers certain protections to short sale sellers, including a waiver of deficiency on the participating first mortgage.  Deficiency waivers from second mortgage holders must be negotiated under HAFA, it is not guaranteed.  However, recent changes in California law (Senate Bill 458), gives more protection to California residential short sale sellers regarding deficiency waivers than the HAFA program provides.

Before deciding whether to short sell your home, it is essential that you obtain legal and tax advice, and consult with an experienced local short sale agent. If you are considering a short sale of your Santa Maria, Orcutt, or Nipomo home and would like a no cost short sale consultation, please call my office to schedule a meeting or a telephone consultation at (805) 938-9950.

Tni LeBlanc is an independent Real Estate Broker, Attorney, and Short Sale Agent. She is a Certified HAFA Specialist (CHS) serving the Santa Maria, Orcutt and Five Cities area of the Central Coast of California.

* Nothing in this article is intended to solicit listings currently under contract with another broker. This article offers no legal or tax advice. Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement.  Any and all  program benefits described are subject to change.

Copyright© 2012 Tni LeBlanc *5 Reasons to Consider a HAFA Short Sale*

I just closed a Wells Fargo Short Sale that is not typical. It was a nice 3 bedroom townhome in North San Jose, close to Santa Clara. The owners were divorcing and neither could afford to buy the other one out or afford the property alone. This constitutes a hardship in most lender's minds. I have closed other Wells Fargo short sales with similar circumstances. The current owners had been able to pay the mortgage but they will not be able to in the near future because of an impending change of circumstance. These owners were current on their payments, and were hoping to sell short and then finalize their divorce.

So last fall I put the town home on the market, got a good offer, and submitted it to Wells Fargo. It was promptly denied. I was told that while this was not Wells Fargo policy, the particular investor on the loan (the person on entity who purchased the loan from Wells Fargo, and hired Wells to keep servicing the loan) had a policy of not allowing short sales unless the borrower was behind in their payments.

So, my clients stopped making payments for a few months and we put the home back on the market. We got another offer for the same price and 2 months later got an approval and closed escrow in 30 days. 

So here is what happened to the investor: They lost 5 months of payments of about $4000 a month, so $20,000 of missed payments for the same price of the home. Call me crazy, but that make no sense to me. Let me re-iterate:

THIS IS NOT THE GENERAL POLICY OF WELLS FARGO SHORT SALES.

So, if someone owed me money and I had the chance of recovering 70% of it, or 70% minus $20,000 I would go for the straight 70%. But maybe I am greedier than that investor.

If you have any questions about short sales in Santa Clara or San Mateo Counties please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E.  01191194

As a consultant offering Business Development for the distressed home market I have found lately one of the biggest issues is with the first page of the PSA. PLEASE remind all Agents that ALL information needs to be complete and names of sellers must match what is on Title- EXACTLY. 

How convenient that BOA has declined the short sale when we accepted there terms on the counter and now the home owner is not eligible for the FLIN incentive for $17,000. They stated that the reason it was declined is because BOA has determine they do not want to accept the offer. Ok?? So why not counter back at a higher sales price?? They are telling me to re-initiate SS and start all over when I have been working on file since October 2011 and now the home owner doesn't qualify for the FLIN incentive only the HAFA!! I wonder if this is because of all the changes they are making?? Has this happened to anyone?? Who can I contact?? Can I fix this?? This is just incredible!!

From the Florida Association of Realtors News Letter

Big changes to BofA short sale process this weekend ORLANDO, Fla. – April 9, 2012 – Bank of America is set to roll out a new short sale process and documents designed to reduce the approval process to 20 days.

The changes are so extensive that the Equator platform will be down for 10-12 hours during the overnight hours starting Friday, April 13.

If you’ve submitted a short sale with Bank of America, be aware that before April 13 you must complete the following tasks or risk having your file declined: Submit Short Sale Offer, Upload Offer Documents and Upload Supporting Documents in Equator.

Links to these documents and other vital information is available at the Bank of America Short Sale Resource Center. Consider bookmarking this page and subscribing to email updates.

On April 14, Bank of America’s short sale process will change as follows:

Five documents will be required for short sales initiated with an offer:
• Purchase Contract including Buyer’s Acknowledgment and Disclosure
• HUD-1
• IRS Form 4506-T
• Bank of America Short Sale Addendum
• Bank of America Third-Party Authorization Form

All email communications between Bank of America and the sales associate will occur in Equator. Salespersons will be alerted via email that a message is waiting in their Equator mailbox. Florida Realtors attorneys recommend brokers obtain their sales associates’ logins/passwords to ensure the short sale transaction proceeds smoothly if a salesperson changes firms.

New timeframes. Currently, salespersons have 14 days to submit a counteroffer in Equator. On April 14, that will be reduced to five days. What’s more, Bank of America is limiting prospective buyers to two counteroffers. Responses will be given within three days.

Realtors are invited to view a Bank of America webinar about the new process on Thurs., April 19 from 4-5 p.m. EST. Click here to register for the webinar.

For its part, Florida Realtors has notified the Florida Real Estate Commission and Department of Business and Professional Regulation of the new Bank of America short sale process so the information can be shared with all licensees.

Be sure to check the floridarealtors.org Short Sales Center for updates. However, please visit the Bank of America short sale center regularly, as it will contain the most up-to-date information.

Give us some feedback about the new Bank of America short sale processes. Send your comments to shortsalecomments@floridarealtors.org. Please note that Bank of America will not reply to individual comments.

I have an American Hm Mtg  issue they won't issue the HAFA approval until CITI (2nd mtg) gives them theirs and CITI wants AHM's first.  No one will issue letter first. I tried to get a conditional letter, but neither will go first.  Any suggestions or contact I can call?

Ocwen has recently opened a Short Sale call in line for authorized third parties (ATP). Once designated as an ATP, call 800-746-2936, and follow the prompts to the Short Sale Team. The lines are cuurently open Mon - Fri, 9:00 AM - 6:00 PM ET. In addition, we have added a dedicated email and fax for final HUD approvals. Send them to: finalHUDapproval@ocwen.com, or fax to: 561-682-8010. Be sure to include a cover sheet indicating the Ocwen loan number, and your return email or fax number. Responses can be expected within 24 - 48 hours of receipt.  

Kathy Robinson