I have an approval letter on a Citimortgage Fannie Mae loan. We lost the buyer 1 day before the approval was issued (Sep 27th). We have another buyer/contract on the same terms. How do I replace the buyer with Citi? Any special way to go…"
I went through the Fannie Mae loan workout facts sheet from 11.16.2011https://www.efanniemae.com/sf/servicing/pdf/loanworkoutfactsheet.pdfPage - 20 HAFA Short Sale, under Costs: 6% or $6000 total to the 2nd. Pages 21-22 NON-HAFA, under Eligibility: "property must be free of other liens... other than liens that Fannie Mae will allow to be settled from the sales proceeds".There is no limit to the 2nd mentioned…See More
"Exactly. I had a client who did a short sale, after his bankruptcy had been discharged, for this very reason.
Although his property was included in the bankruptcy he said he did not need both: foreclosure and bankruptcy on his credit report. …"
"Hello Jennifer, congratulations to you. This is great news. Would you please send me the contact number and/or e-mail address for the VP of Default Resolution that you used. I am in a similar situation right now & could use help. Thank you!"
"I have just received an approval letter from BOA, only one mortgage. The right to deficiency was waived. It is a traditional short sale not HAFA.
The language is: "Upon receipt of the agreed amount, BAC Home Loans Servicing, LP, and/or its…"
O.K. Your pissed as hell. Your deal has been on ice and the bank simply isn't responding at all and it is marching towards foreclosure sale. You have nothing left to lose. Do you become snarling b*? Do you send a fax bomb? Call channell 3?See More
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Illinois, Greater Chicago Area, South Cook, Will and DuPage Counties
ALSIP, BERWYN, BRIDGEVIEW, BEDFORD PARK, BURBANK, CHICAGO RIDGE, COUNTRY CLUB HILLS, CLARENDON HILLS, CRESTWOOD, ELMWOOD PARK, EVERGREEN PARK, HICKORY HILLS, HODKINS, HOMETOWN, HOMER GLEN, JUSTICE, LAGRANGE, LAGRANGE PARK, LEMONT, LOCKPORT, MIDLOTHIAN, OAK FOREST, OAK LAWN, ORLAND PARK, PALOS HEIGHTS, PALOS PARK, PALOS HILLS, RIVERSIDE, ROMEOVILLE, STICKNEY, TINLEY PARK, WILLOWBROOK, WILLOW SPRINGS, WORTH, 60605-CHICAGO/SUMMIT ARGO, 60629-CHICAGO, 60652-CHICAGO,
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
Some experience but not recent
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Short Sale Specialist, Short Sale Listing Agent,
CSSG/Certified Short Sale Guide
SFR/Short Sale and Foreclousure Resource,
Partner First/ServiceLink Preforeclosure Specialist Certified
ADPR/Accredited Distressed Property Representative,
CVP/BPO Certified through NABPOP
Equator, RES.NET, Realty Pilot
NFSTI Certified REO Specialist, RDCPro Certified,
HRC/Home Retention Consultant,
e-PRO/Certified Internet Expert,
ABR/Accredited Buyer's Representative
Classic Realty Group
Orland Park, Illinois
Put in todays date! This is to help stop spammers!
April 27, 2010
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