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Default Servicing News (DS News)

Bernanke's Advice: Put the Brakes on Curbing the Fed's QE

Federal Reserve Chairman Ben Bernanke testified regarding his position on the Fed's open-ended purchases. It appears Bernanke is in no rush to slow or inhibit the Fed's current open-ended purchasing rate currently hovering at $85 billion assets per month. As to whether or not Congress will heed Bernanke's economic insight or proceed to brave ahead by putting the brakes on the acquisition of assets remains to be seen, although predictions point to a proactive pruning and pausing of asset purchases before the conclusion of 2013.

Wingspan Holds Ribbon Cutting for Florida Operation

Wingspan Portfolio Advisors, a diversified component and special mortgage servicer based in the Dallas area, cut the ribbon on its new Florida-based operation Wednesday.

Barclays: Non-Agency RMBS Market to Make a Small Comeback

Barclays forecast new non-agency RMBS issuance at $12 to $15 billion at the start of the year, and its latest research shows the market is on track to hit that mark. Contributing to that forecast are a few factors: First, Barclays notes, the capital costs of holding loans in portfolio will increase for many banks under Basel III, making securitization a more attractive proposition. Second, further hikes in guarantee fees (g-fees)--such as those mandated by the Federal Housing Finance Agency (FHFA)--could make for a more competitive private-label market.

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What is The Short Sale Specialist Network?

     We are a nationwide network of Realtors® who are specialists in helping homeowners avoid foreclosure by working a short sale.   We have created this site as an outlet for our referral and training programs, as well as to provide a resource for agents around the country to network with each other and discuss tactics and strategies in order to better work short sales. 

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At The Short Sale Specialist Network, we also work with thousands of homeowners in financial hardship, educating and guiding them through the short sale process and directing them to a qualified, screened short sale agent in their area.

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Blog Posts

Short Sale Misconceptions in Florida

Posted by Ray Garcia on May 22, 2013 at 12:10am 0 Comments

A short sale allows a homeowner to sell a home where more is owed than what it is worth. Unfortunately, many short sale misconceptions have developed.  It is important to clarify these misconceptions.

Misconception #1 – Banks would rather foreclose than work with a short sale.

The reality is that the foreclosure process in Florida can be extremely costly for banks.  Banks would rather work with homeowners who  are experiencing financial hardship and help them…

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Green Planet Servicer

Posted by Ginny Vickers on May 17, 2013 at 11:53am 2 Comments

Does anyone know any upper management/ contact people in Green Planet Servicing? Please send to gvickers5@msn.com. I'm having a hard time with them and it's for an Army Sargent with Orders to relocate. Thank you.

Rapid Changes In The Real Estate Market Are Setting Off Alarms

Posted by Steve Pate on May 16, 2013 at 3:46pm 4 Comments

Hi folks. There are some major changes taking place in the Real Estate market right now. This article will touch down on the few that I feel are serious issues that will have a negative affect on consumers and agents alike.…

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Top 100 in Real Estate

Posted by Tim Ventura on May 14, 2013 at 12:28am 0 Comments

Who are the Top 100 in Real Estate, and what can we learn from them? Harris Real Estate University is re-launching the "Top 100 in Real Estate" website, and inviting you to join us in nominating the top agents, most influential…

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BOA SHORT SALE

Posted by Susan Uribe on May 13, 2013 at 12:35pm 1 Comment

Go to Twitter and request assistance from the Help Team @BofA_Help

 

They should response within the hour and I have found they really do help get the file moving if you are having problems.

Five Ways to Spring Clean Your Credit Report

Posted by Bob Phillips, CDPE, SFR on May 10, 2013 at 3:20pm 0 Comments

Here's a latest article from one of my favorite bloggers, Tara-Nicholle Nelson, a broker in Northern California
"Have you noticed your Facebook friends posting pics of their newly cleaned, organized, spruced, and shampooed closets, rooms and carpets?  I certainly have - seems like the urge to tackle those big Spring Cleaning projects is in the air!  Seeing…
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Latest Activity

Brett Goldsmith replied to Domingo J. Herrera's discussion SLS (Specialized Loan Servicing)
"Domingo,      If i was processing the short sale I'd reach out to the ceo of the company to see if I could light a fire under. I Was able to get a deal approved within days last time I reached out to some of the escalation…"
7 hours ago
Tracey Williams commented on Mike Linkenauger's group Chase Short Sales
"Does anyone have an escalation contact for Chase?  They received our short sale package on March 19, 2013 and STILL they have not ordered a BPO.  We have been calling all week; every week - NOTHING!   ???"
10 hours ago
Tracey Williams joined Mike Linkenauger's group
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Chase Short Sales

A group to Discuss Chase Short Sales and mortgage short sale programs with Chase Bank and Chase Home Finance.
10 hours ago
Ana Huffer added a discussion to the group Bank of America Short Sales
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Bank of America Co-Op program nightmare

I have a short sale that I initiated in December.  The seller was accepted in to the co-op program and I was given a suggested list price.  The property was listed and because the sale date was scheduled in January, the seller moved out in case a…See More
10 hours ago
Garnesha "Gigi" Harris updated their profile
12 hours ago
Profile IconGarnesha "Gigi" Harris, Christian and richard roman joined Short Sale Specialist Network
13 hours ago
wayne brooks replied to Angie Freeman's discussion Multiple Offers on a Short Sale
"Once you have an accepted contract, you have to work that one to the end.  Don't submit additional "offers" to the bank."
16 hours ago
Ray Garcia posted a blog post

Short Sale Misconceptions in Florida

A short sale allows a homeowner to sell a home where more is owed than what it is worth. Unfortunately, many short sale misconceptions have developed.  It is important to clarify these misconceptions.Misconception #1 – Banks would rather foreclose…See More
yesterday
Jorge Newbery posted a status
"American Homeowner Preservation Helps Chicago Family Avoid Foreclosure - http://ning.it/11VShHK"
yesterday
SHANNON McGREGOR ~ CSSG, HRC and Dan Hawkins CRS SFR CSSG CDPE are now friends
yesterday
Judy E. Land updated their profile
yesterday
Judy E. Land is now a member of Short Sale Specialist Network
yesterday

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