Rhonda Giles
  • Female
  • Greeley, CO
  • United States
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Fannie Mae and Freddie changing how to determine to postpone a sale date

Started this discussion. Last reply by Alfredo Velazquez May 24, 2011. 8 Replies

What is this I hear about Fannie Mae and Freddie Mac changing their determination as to when to postpone a sale during a short sale transaction making it even more difficult, regardless of the offer…Continue

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Latest Activity

Rhonda Giles left a comment for Andrew Thurber
"Would be happy to accept your friendship,  I work the Weld County & Larimer County of Colorado and have been doing short sales for over 5 years. Very experienced in all aspects of nogetiating a short sale."
Aug 8, 2011
Alfredo Velazquez replied to Rhonda Giles's discussion Fannie Mae and Freddie changing how to determine to postpone a sale date
"Alfe, I have a file with Chase that they advised it's a Fannie loan, I been working several files with Chase and never have this issue, since they telling me that they can't process a short sale in redemption time( MN has a 6 months…"
May 24, 2011
Rhonda Giles just added their location.
Nov 17, 2010
Joseph C. Alfe replied to Rhonda Giles's discussion Fannie Mae and Freddie changing how to determine to postpone a sale date
"Remember, the lender has no choice but to follow FNMA guidelines. Unless there is a complete pay off or reinstatement, they will not postpone the sale."
Aug 31, 2010
Ernie Dill replied to Rhonda Giles's discussion Fannie Mae and Freddie changing how to determine to postpone a sale date
"Just had this happen to a BOA sale in Equator on 8/19. Postponement requested on 8/10 and denied on 8/12."
Aug 31, 2010
Joseph C. Alfe replied to Rhonda Giles's discussion Fannie Mae and Freddie changing how to determine to postpone a sale date
"Here are the new rules: If a property has an NOD filed, or 12 months or more delinquency, Fannie will not stop the trustee sale regardless of price or offer. They will still work on a short sale, but if it isn't closed by the sale date, the…"
Aug 31, 2010
Eric Kronenwetter replied to Rhonda Giles's discussion Fannie Mae and Freddie changing how to determine to postpone a sale date
"I just got off the phone with Chase. The negotiator said we would have approval in 3-5 days from 8/26, but nothing yet, and the foreclosure sale is today (8/31) at 1pm. Fannie is the investor. The negotiator's supervisor said that "the…"
Aug 31, 2010
Charles Muotoh replied to Rhonda Giles's discussion Fannie Mae and Freddie changing how to determine to postpone a sale date
"I've had 2 short sales go to foreclosure in the last month because Fannie Mae refused to postpone the foreclosure sale date. One of them already had a BPO completed and a negotiator assigned."
Aug 12, 2010
Rhonda Giles replied to Rhonda Giles's discussion Fannie Mae and Freddie changing how to determine to postpone a sale date
"Very interesting. How can a Judge decide for wells Fargo, or any mortgage company that must do an extension?"
Aug 12, 2010
Mike Linkenauger replied to Rhonda Giles's discussion Fannie Mae and Freddie changing how to determine to postpone a sale date
"Haven't heard anything yet myself, would be interesting the see if that happens. There are other ways. In our areas of Florida all it usually takes is showing up in front of the judge at the hearing and letting him know you are doing a short…"
Aug 11, 2010
Rhonda Giles posted a discussion

Fannie Mae and Freddie changing how to determine to postpone a sale date

What is this I hear about Fannie Mae and Freddie Mac changing their determination as to when to postpone a sale during a short sale transaction making it even more difficult, regardless of the offer on the table? See More
Aug 11, 2010
Rhonda Giles updated their profile
Jul 1, 2010
Rhonda Giles joined Michael Bellopede's group
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REOTrans - Equator

This group is to discuss the Equator Short Sale System, as well as any Short Sale and REO programs through Equator (formerly REO Trans)
Apr 26, 2010
Rhonda Giles commented on Mike Linkenauger's group GMAC
"Very good questions, as I believe I am getting an estate listing short sale also. Please let me know if you receive an answer."
Apr 21, 2010

Profile Information

Occupation
Real Estate Broker
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Northern Colorado including Ft. Collins, Loveland, Greeley, Johnstown, Milliken, Eaton, Ault, Pierce, Nunn,
Windsor, Platteville, LaSalle, Gilcrest, Brighton, Weld County and Larimer County
Website
http://Gilesrealtyllc.com
Short Sale Transactions Completed
25-50
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?
Income properties, duplexes up to 12 plexes . Volume unknown over 35 years of experience. No commericial designations.
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Over 30 years of real estate experience in northern Colorado Past CRS State President, I have CRS, ABR, ASP, WCR. Husband and wife team, full time. GILES REALTY,LLC/METRO BROKERS
Put in todays date! This is to help stop spammers!
July 1, 2010
PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
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