Realtor Short Sales Training and Resources
Bank of America B of A Loan or Mortgage Owned by Fannie Mae ? Possible Short Sale ? Read Here
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 qualify for this type of short sale. The short sale has not been listed for sale for too long and my client and I have both received a phone call from the negotiator through REDC for Bank of America & Fannie Mae. He describes quicker response times and deficiency waiver for the borrower! The short sale will be processed using Equator. Could be nice?
Comment
-
Comment by Sylvia Finocchiaro on May 23, 2011 at 11:43pm
-
Not a good experience for me. I submitted the short sale package a month ago and found out they denied the Hafa because the Seller turned down Hafa. She never did. We went through and completed all the paper work that was sent to us. We did a conference call with the Hafa negotiator, he asked us for additional doc....we faxed them.....I called over and over.....left emails daily. Nobody returned a phone call or even an email. Now they are telling me we need to initiate again. Not pleased. More than likely will lose the buyer.
_________________________
FOLLOW US!
 |
 |
 |
 |
 |
Forum
Short Sale Specialist in New Jersey
Started by Jill Savva in General Discussion Jan 31, 2017. 0 Replies 0 Likes
Ocwen Contacts Short Sale Package
Started by Jan Baron in Rants and Raves. Last reply by Anna Wilk Jan 14, 2016. 5 Replies 2 Likes
Shellpoint Mortgage
Started by Celeste ODea in General Discussion. Last reply by Brett Goldsmith Sep 4, 2015. 3 Replies 0 Likes
Extension Fees & Closing
Started by Colleen J Couse in Rants and Raves. Last reply by Brett Goldsmith Sep 3, 2015. 1 Reply 0 Likes
American Loan Services, LLC - Staten Island, New York Corporate Contacts
Started by Alisa Bair in Help Wanted! Aug 28, 2015. 0 Replies 0 Likes
© 2022 Created by Mike Linkenauger.
Powered by
You need to be a member of Short Sale Specialist Network to add comments!
Join Short Sale Specialist Network