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Ocwen Short Sale-Help!!!!

Hi everyone,We put a offer in on a short sale. It was submitted to the bank in October. There is two mortgages from what I know. Ocwen is the second holder from what we know. We were told in Novemeber that we would know in 10 days as it was submitted to the lender for final approval. Since then they have requested more paperwork from the sellers and we were told around Christmas time it was now in review for another 30'days. There is a attorney working with the sellers. We got a phone call last week saying we need to submit our offer on Hudzo. So now my real estate agent is trying to sign up and post on it. I feel like this is starting over??? Why do we need to do this now? We knew it was going to take a while and we are okay with that. But what happens now we have to bid on something we already offered on?? Does anyone have any experience or advice on what happens now???Thanks
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The processor sent me another blank Request for Mortgage Assistance pkg(RMA) and says that the RFI PARTIAL LETTER is included in the income doc package? I can't find this form in the pkg? No response to my email or voice mail message to her. I called the liquidation dept and they said they could only send a message to processor to contact me. Anyone know what this document is? Appreciate it!

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Welcome-to-Wisconsin-300x225.jpg?width=300Housing Market Ends Strong in 2014

The Wisconsin housing statistics are in for this December of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

The housing market ended 2014 on a strong note with both existing home sales and median prices higher in December, according to the most recent analysis of the state’s housing market by the Wisconsin REALTORS® Association (WRA). Home sales in December rose by 2.1 percent compared to December 2013, and median prices rose 4.3 percent to $145,000 over that same time frame. For the year, home sales in 2014 were slightly below a very strong 2013 market, down just 1.5 percent; but prices were higher in 2014, up 3.1 percent to an annual statewide median of $148,000.

Despite a slow start due to harsh winter weather early in the year, 2014 rebounded nicely and ended with an excellent December and a very good final quarter of the year,” said Dan Kruse, chairman of WRA board of directors. Kruse noted the fourth quarter of 2014 was the strongest since 2005.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County's home prices increased significantly. On a year over year basis, Dane County's total number of homes sold was up while Rock County home sales slipped.

Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.

Wisconsin Short Sales

Housing Statistics for the State of Wisconsin:

December 2014
Home Sales: 4,778
Median Home Price: $145,000

December 2013
Home Sales: 4,663

Median Home Price: $139,000

Housing Statistics for Dane County, WI:

December 2014
Home Sales: 466

Median Home Price: $220,170

December 2013
Home Sales: 442

Median Home Price: $202,250

Housing Statistics for Rock County, WI:

December 2014
Home Sales: 131

Median Home Price: $116,250

December 2013
Home Sales: 147

Median Home Price: $110,000

View my report from last month. Wisconsin November 2014 Housing Statistics

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Hi folks. Good news for folks that qualify for a HAFA Short Sale. As of February 1, 2015 the relocation incentive available to the occupant/borrower is increasing from $3,000 to $10,000!!


That’s right we may be able to get you $10,000 to assist you with moving from your property once the HAFA Short Sale is completed. These funds are paid to the OCCUPANT of the property even if they are not the owner/borrower.


My advice is don’t move!! Stay in your property while we go through the HAFA Short Sale process. The lender will compensate you for doing so. They want you there to maintain the property.


You may be eligible for a HAFA Short Sale if you meet all of the following criteria:


  • You have a documented financial hardship.

  • You have not purchased a new house within the last 12 months.

  • Your first mortgage is less than $729,750.

  • You obtained your mortgage on or before January 1, 2009.

  • You must not have been convicted within the last 10 years of felony larceny, theft, fraud, forgery, money laundering or tax evasion in connection with a mortgage or real estate transaction.


*Eligibility criteria are for guidance only. Contact your Orlando Short Sale Specialist to see if you qualify for HAFA.


HAFA offers benefits that make the transition as favorable as possible:


  • You can get free advice from HUD-approved housing counselors and licensed real estate professionals.

  • Unlike conventional short sales, a HAFA short sale completely releases you from your mortgage debt after selling the property. This means you will no longer be responsible for the amount that falls "short" of the amount you still owe. The deficiency is guaranteed to be waived by the servicer.

  • In a HAFA short sale, your mortgage company works with you to determine an acceptable sale price.

  • HAFA has a less negative effect on your credit score than foreclosure or conventional short sales.

  • When you close, HAFA may provide $10,000 in relocation assistance.

So folks, if you are experiencing difficulties making your mortgage payment then give me a call. As your Orlando Short Sale Specialist I will be able to guide you through the entire process.

Together we can devise a plan to get you out from under your hardship with the least impact to you and yours.

 Please feel free to reach out to me if I can be of any assistance.


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Effective February 1, 2015, if short sale is approved through HAFA, $10,000 relocation assistance funds will be paid to property occupant.  This has been increased from $3,000.  Also, new directive states senior lien can allow up to $12,000 to junior lien up from $8,500 in the past.  Treasury will reimburse first lien $2 for every $3 they provide to junior lien at short sale closing.  All the HAFA changes are available on the link below:

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got a resolve to HAFA for a deceased person - SPS

finally spoke with someone at SPS who knew what she was talking about.  She said a deceased person doesn't and wouldn't qualify for HAFA.  I would just have to have the PR, Executor or POA to sign the Hardship affidavit.  The bank still does a BPO and credit check -good luck with the credit check!  At least the issue has been resolved.

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US Bank Short Sale/ Modification

Hello everyone

I have question.

I had a seller to call me about short selling her home. she was granted a modification a few months ago (which she accepted). Now she has decided she no longer wishes to proceed with the modification and wishes to apply for a short sale.  Has anyone had this situation before and what are the chances  of getting the short sale approved,being that they have already approved the modification?

Thank you

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