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AHMSI Short Sales

Guide for Short sale transactions with American Home Mortgage Servicing Inc (AHMSI) and short sale programs

Members: 96
Latest Activity: Jul 19, 2012

General Info: 877-304-3100
Fax: 877-452-6490
Fax: 866-452-1837

 

How To Short Sale A Home


Discussion Forum

Problems with any response from AHMSI on short sale

Started by Brooke Cangro-DiRoma. Last reply by Lisa Jones May 5, 2012. 7 Replies

I have a buyer who has been waiting on a response from AHMSI for almost 5 months. The BPO was completed back on the 3rd of January and the listing agent confirmed that they have received all of the…Continue

Can anyone help me on the best procedure for initiating a HAFA SS w/ AHMSI?

Started by Sharon Tukay. Last reply by Marty Macisso Apr 16, 2012. 5 Replies

I just acquired a new listing yesterday and my client would like to see if she qualifies for HAFA. She had a loan mod where they reduced her payment for 2 years. Her husband passed away in 2010 and…Continue

Tags: HAFA, AHMSI

Short Sale Initiated Before Offer?

Started by Robin Spence. Last reply by Lehel Szucs Sep 27, 2011. 2 Replies

Does anybody know if I can get the short sale initiated before I receive an offer?  Or does AHM require an offer before beginning?  Thanks! Continue

AHMSI charging negotiating fees to the buyer?

Started by Wendy Lockhart. Last reply by Ellen Muzzio Jan 11, 2011. 1 Reply

Hi!  I just had a counter offer from AHMSI saying they require the buyer to pay a 1% administration fee and their commission is just 3% total since the deal is double sided.Anyone run in to this with…Continue

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Comment by Maria Mastrolonardo on June 30, 2010 at 11:26am
Becky, the same happened on my deal with AHMSI that just closed. The buyers did not want to pay the 1%, but eventually understood that they would potentially lose more than 1% if they didn't close. All in all I thought that AHMSI was pretty easy to work with and AHMSI didn't have a problem with paying off the second.
Comment by Ellen Muzzio on May 25, 2010 at 1:48pm
We see it all the time, but it's capped at $5,000 (so if you have a deal over $500,000 it won't go over that). We did have it waived on ONE deal but we usually negotiate with the buyer up front to pay this fee as we've seen it on a dozen deals with them. On a recent deal with another lender, they also asked for 1%.
Comment by Cheri Smith on April 28, 2010 at 2:23pm
Becky, I haven't personally but another agent in my office has and she said they could not get it removed. I believe if the buyer is getting an FHA loan (maybe even USDA or VA) that AHMSI can't charge the fee. She attempted to increase the purchase price rather than have the buyer pay the fee but AHMSI wouldn't allow it.
Comment by Becky Flowers on April 28, 2010 at 1:01pm
I am currently dealing with AHMSI, I have a "verbal" approval but they are stating they will be charging the buyer 1% Short Sale Admin fee? In five years of Short Sales this is first time I have seen a bank charge an admin fee to a buyer, if buyer doesn't pay then, commission would be reduced. Anyone else have this experience?
 

Members (96)

 
 
 

Discussion Forum

Problems with any response from AHMSI on short sale

Started by Brooke Cangro-DiRoma. Last reply by Lisa Jones May 5, 2012. 7 Replies

Short Sale Initiated Before Offer?

Started by Robin Spence. Last reply by Lehel Szucs Sep 27, 2011. 2 Replies

AHMSI charging negotiating fees to the buyer?

Started by Wendy Lockhart. Last reply by Ellen Muzzio Jan 11, 2011. 1 Reply

Need BPO Form for AHMSI

Started by Jill Eastman. Last reply by Jill Eastman Dec 21, 2010. 4 Replies

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