Started this discussion. Last reply by Christy Quick Jan 30, 2013. 1 Reply 0 Likes
I had to write about this-- maybe because of freedom of speech or just to see if anyone else finds this to be strange. I have been working on a HAFA short sale with Pennymac as the 1st loan. Pennymac…Continue
Started this discussion. Last reply by Vanessa Liddell Apr 1, 2012. 5 Replies 0 Likes
More than one person is on mortgage. I know that we need everyone that is on the loan to provide info etc for the short sale to take place, however, is one borrowers name and signature on the…Continue
Started this discussion. Last reply by Kevin - Greenville, SC Apr 23, 2012. 6 Replies 0 Likes
Has anyone ever had a situation with a property that has a foreclosure sale date on it or may be close to the lender putting a sale date on it BUT the property may sell with the lender being paid in…Continue
Tags: angeles, los, sale, foreclosure, postpone
Started this discussion. Last reply by Frances Hicks Feb 13, 2012. 8 Replies 0 Likes
The 2nd mortgage is a Home Equity Line and balance is significantly more than the 1st mortgage. So, 1st mortgage would be paid in full with short sale proceeds (no short sale with 1st loan). Will 2nd…Continue
Posted on January 31, 2012 at 12:00am 3 Comments 1 Like
I received a phone call this morning from the Bank of America short sale escalation team, as a Los Angeles Short Sale Agent, I thought it was about one of my B of A short sales. The representative on the call explained that they would be testing out a new web tool in case any escalations are needed. This could be used if Bank of America were taking too long to respond on the short sale, for foreclosure sale extensions, more time needed on a closing etc. I'm supposed to be receiving an…
ContinuePosted on February 8, 2011 at 10:34pm 1 Comment 0 Likes
Bank of America B of A Loan or Mortgage Owned by Fannie Mae ? Possible Short Sale? Read Here
I recently found out that my seller's Bank of America loan has Fannie Mae as the investor. Well, there is such thing as the Co-op or Cooperative Short Sale. If the homeowner's mortgage is with Bank of America and owned by Fannie Mae then they may…
ContinuePosted on June 17, 2010 at 5:20pm 4 Comments 0 Likes
Recently I have noticed some HOAs recording Notice of Defaults (NODs) here in California. And, this is without a NOD from the lender on the unit. Could it be that people are not paying their HOA dues but continuing to pay their mortgage OR that the lender is holding off on recording the NOD.
My understanding is that after a property is foreclosed, the HOA lien may extinguish. However, I have seen a situation where the lender had to pay off the HOA lien before closing escrow…
ContinuePosted on February 25, 2010 at 4:27pm 2 Comments 0 Likes
Hi all,
I have added a group called About Bankruptcy on the forum. Please join and add your comments. I think lots of us will benefit from the info.
Thanks!
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