Realtor Short Sales Training and Resources
Started this discussion. Last reply by Sara Mehrpouyan Los Angeles CDPE Sep 13, 2011. 2 Replies 0 Likes
Hi I was wondering if there is a black and white answer to this question? Of course, the 2nd lender would like to receive their full payment from the borrower, however if the borrower were to make…Continue
Started Mar 10, 2011 0 Replies 0 Likes
I usually do not like to get my sellers involved or have them contact the lender directly. However, we are in need of an extension on a Fannie Mae loan. The negotiator says she sent it in and does…Continue
Started Dec 8, 2010 0 Replies 0 Likes
Hello allI have a short sale which has been approved by the first (Midland Mortgage) and is owned by Fannie Mae. Midland Mortgage negotiator says that her Fannie contact will only send them an…Continue
Started this discussion. Last reply by Sara Mehrpouyan Los Angeles CDPE Dec 22, 2010. 19 Replies 0 Likes
Hi all,I would appreciate any assistance that you may provide. You can always send me a private message or email me at smehr818@gmail.com if you do not want to respond here.I have a 2nd with SLS and…Continue
Tags: Servicing, Loan, Specialized, SLS
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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