December 2012 Blog Posts (12)

Short Sale Requirements Announcement

Short Sale Requirements Announcement

Chase and BAC now require signed Arms Length and Signed Waiver of Insurance Premium " BEFORE" they will grant approval of preliminary closing HUD!!!! That almost tubed two closings we pulled off to happen in the year 2012.

Don't let this be your surprise like it was ours!!!!

Added by Mike & Alison Orci on December 31, 2012 at 10:44pm — 8 Comments

Thank you for all involved in today's Short Sale Mastermind Agent Webinar - Marie Chung & Vanessa Liddell

Thanks Mike L  for the excellent job  hosting on today's Webinar. Thank you to the special guests  too.  My wife Alison and I are new members living and working in Las Vegas.  I'm the primary negotiator for our team and I'm pleased at a level I didn't expect to have some other folks to discuss and commiserate with about the mud, us short sale, agents must walk through most days we work the bank/servicer follow-up, status, acceleration  calls. I still haven't figured out how to…

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Added by Mike & Alison Orci on December 19, 2012 at 9:40pm — No Comments

Fanne and Freddie HAFA Expiration

FYI Everyone
Fannie Mae and Freddie Mac 

HAFA Short Sale Program Expiration
 
The Fannie Mae and Freddie Mac Home Affordable Foreclosure…
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Added by Mike & Alison Orci on December 19, 2012 at 1:00am — No Comments

SOUTH LAKE TAHOE UPDATE

As of December 1st, 27.5% of the single family homes sold over the last 90 days were bank owned properties or short sales.  At the beginning of the year distressed sales accounted for over 50% of our local sales.  Although our short sale numbers have remained stable over the last 90 days, REO-bank owned properties have declined 60% over the same time period.…

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Added by ROBERT E STILES JR on December 17, 2012 at 9:26pm — No Comments

Green Tree contact

Mitch - Green Tree is out of Minnesota - 1-800-643-0202. I have had great success with these people!! Try giving them a call!

Wendy McClure
Remax Results

Added by Wendy McClure on December 17, 2012 at 9:14pm — No Comments

Dealings with State Employee Credit Unions

Has anyone had any luck with the State Employee Credit Union forgiving the deficiency amount after the Short Sale? Or does anyone have any suggestions as to how to handle this situation? 

Added by Sandra Elaine Kilgore on December 10, 2012 at 3:53pm — 1 Comment

HELP BRADENTON FLORIDA

 I AM IN DESPERATE NEED OF A SPECALIST IN MANATEE COUNTY FLORIDA.  PLEASE CONTACT ME ASAP

SW ELLIS

 

Added by SW Ellis on December 7, 2012 at 10:30am — No Comments

LOOKING FOR A SPECIALIST IN BRADENTON FLORIDA

 I WOULD LIKE TO REFER A CUSTOMER TO A SPECIALIST.  PLEASE CALL OR EMAIL ME.  SWEllis@embarqmail.com or 850 997-1360.  Thank you for your time.

SW Ellis

Added by SW Ellis on December 6, 2012 at 4:00pm — No Comments

Does anyone have a contact from Greentree to escalate to??

Hello:

I currently have a short sale with Greentree as the 2nd. They have been difficult to deal with and have dragged their feet on purpose as though they are trying to kill the transaction. I spoke with a manager today and he told me that he didn't have documentation that I know that my negotiator has. I then spoke with the negotiator again and he said he has it and even described in detail the fax cover that I used that listed all the documents in the Fax.

The buyer agent is…

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Added by Mitch Young on December 6, 2012 at 12:22pm — 1 Comment

New Guidelines for Fannie Mae and Freddie Mac

New Guidelines For Fannie Mae & Freddie Mac Released

 

As of November 1, 2012 the Federal Housing Finance Authority initiated new Standard Short Sale Guidelines that apply to all Fannie Mae and Freddie Mac mortgages. This guidelines are to help streamline short sales with all Fannie Mae and Freddie Mac loans. You can find a summary of the guidelines…

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Added by John McBride on December 4, 2012 at 2:33pm — No Comments

New Guidelines For Fannie Mae & Freddie Mac Released

As of November 1, 2012 the Federal Housing Finance Authority initiated new Standard Short Sale Guidelines that apply to all Fannie Mae and Freddie Mac mortgages. This guidelines are to help streamline short sales with all Fannie Mae and Freddie Mac loans. You can find a summary of the guidelines here or the guidelines in detail below.…

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Added by Brett Goldsmith on December 3, 2012 at 10:30pm — 5 Comments

Are Seller Contributions To Lenders In Exchange For Short Sale Approval Illegal In California?

I was informed by a representative at Chase that in the state of California, it is illegal for a borrower/short sale seller to offer a cash consideration to the lender to secure short sale approval.  I have done this before, with B of A.  Is anyone aware of a specific statute that prohibits this?  Thank you,  David.

Added by David Jordan on December 3, 2012 at 5:39pm — 1 Comment

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