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Information on Franklin/MetLife Short Sales
Started this discussion. Last reply by Emmanuel (Mannie) Makhathini Mar 31, 2011. 3 Replies 0 Likes
Does anyone have experience with this lender?
BofA 2nd loan
Started this discussion. Last reply by Angela Alfe Feb 26, 2010. 4 Replies 0 Likes
I just entered my first Short Sale transaction with Equator.com. There are two notes with BofA. I was told by the Short Sale department of BofA that the system will automatically pick up the second…Continue
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Kevin - Greenville, SC replied to Lonnie Workman's discussion Equator or Fax directly to Wells Fargo? in the group Wells Fargo Short Sales"It all depends on who your negotiator is - the more experienced ones are on the ball, the the "newbies", well, good luck - I had to escalate mine to a manager."
Citi Short Sales
A group to discuss Short Sale programs with CITI Mortgage Company offer short sale help and strategies.
"Is the fast track automatic? I sent in two on the same day. One was scheduled for the BPO 2 days after I sent in the documents...they also called one week later and gave the seller the sales price they will approve... The other…"
"According to WF, faxing is better - it will usually take them 24 to 48 hrs to upload the fax into their system. After I have faxed the docs I will follow up with a phone call in 48 hours to make sure they have received all docs, once they verify…"
"My deals have been HAFA. Faxing. I believe it depends on the type of loan your dealing with. Personally, if I can I fax or email. But, if I have to use equator, I do."
Emmanuel (Mannie) Makhathini replied to Lonnie Workman's discussion Equator or Fax directly to Wells Fargo? in the group Wells Fargo Short Sales"If the loan is FHA it does not go through equator. i just lost three weeks on a deal with Wells Fargo. I represent the buyer. The sellers agent faxed the short sale package to wells fargo three weeks later they had not gotten the package and they…"
Equator or Fax directly to Wells Fargo?
I've been reading some of the posts and I'm getting the impression that with Wells Fargo it is better to Fax the documents to them directly instead of using the Equator system. Please let me know your thoughts and your experiences. I'd appreciate any comments!Thanks!See More
Wells Fargo Short Sales
Group to discuss short sales with Wells Fargo and Wells Fargo Financial and share solutions to getting mortgage short sales approved.
"Thanks Dan. We are in the process of getting the house ready for sale and don't plan to put it on the market for about 6 weeks. I'm hoping we will have HAFA approval prior to going on the market.
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"I am just starting with a HAFA short sale with Wells Fargo...Has anyone had success with this? It is a Freddie Mac loan."
Referral Agent Needed!
At the Short Sale Specialist Network, we have at least 2-10 referrals each day in areas where we do not even have ONE preferred partner.See More
"My approved MetLife short sale was just transferred to Nationstar. They have agreed to honor the short sale acceptance letter from Metlife (per Metlife). Today our appraisal came in $5000 short. Does anyone have experience with…"
Emmanuel (Mannie) Makhathini replied to Lonnie Workman's discussion Information on Franklin/MetLife Short Sales"I currently have one with Metlife and they are the slowest of them all. I submitted the package in Nov 2010, the file got assigned Jan 2011 to a negotiator. They just completed the appraisal three weeks ago. I was told from the beginning…"
Angela Alfe replied to Lonnie Workman's discussion Information on Franklin/MetLife Short Sales"Not to mention they will tell you to fax the package in. Then, they'll follow that up with, "To make sure we receive it, please send the SS pkt with signature confirmation to ______________ address." You'll do that,…"
Jennifer Beltrame replied to Lonnie Workman's discussion Information on Franklin/MetLife Short Sales"People were just saying in the Best/Worst Poll discussion that they are HORRIBLE and that they kept "losing" the file and it was the worst experience ever. Good luck!"
Profile Information
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- Realtor
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- Tucson, Marana, Oro Valley, Vail, Catalina Foothills
- Short Sale Transactions Completed
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- April 19, 2010
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Comment Wall (1 comment)
- At 11:52pm on November 3, 2010,
Debbie Harris said… - Lonnie, this is what I received a few days ago. I hope this helps.
Exclusively for Real Estate Professionals:
Join us for our November Short Sale Webinar
Mastering the short sale processing system used by Bank of America: November 10
Bank of America is hosting a series of webinars on the short sale process. The topic, date and time for the November webinar is below. We hope you'll be able to attend.
If you have already received an invitation for this event from your Bank of America Mortgage Loan Officer and completed the registration, you don't need to register again. If you don't have a relationship with a local Bank of America Mortgage Loan Officer, click here to find one near you who can share Bank of America product and service information with you and assist with your clients' home financing needs.
Webinar: Mastering the short sale processing system used by Bank of America
Date: Wednesday, November 10
Time: Noon Eastern/9:00 a.m. Pacific
Hear about:
• How taking a more proactive approach to the short sale process can reduce transaction times and provide customers with additional benefits
• Step-by-step demonstration of the online processing system used by Bank of America
• Highlights of the Real Estate Agent Resource Center
To register for the event click here... http://cc.talkpoint.com/webx001/BankofAmerica/landingpage.html
If you have a question you'd like to have addressed during the webinar, be sure to include it on the form when you register to attend.
If you were unable to attend previous webinars, replays are available to view at your convenience by using the registration link above.
For more information about this informative session please contact your Bank of America Mortgage Loan Office or if you don't have a relationship with a local Bank of America Mortgage Loan Officer click here to find one near you.
THIS INFORMATION IS NOT INTENDED OR AUTHORIZED FOR CONSUMER DISTRIBUTION.
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