Short Sale Help
Short Sale Decline
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Multiple Lien Short Sale
Multiple Lien Short Sale It's important to pull title at the beginning of a short sale transaction to confirm how many liens are encumbering the property. At times there multiple liens, a first and second mortgage, credit card judgments, tax liens, and other debt owed...
Verbal Authorizations For California Mortgage Servicers
Are Verbal Authorizations For California Mortgage Servicers Allowed? It appears as of lately verbal authorizations for California Mortgage Servicers are no longer being accepted by borrowers to authorize 3rd party's on their account to speak. Even if the borrower and...
Investor Freddie Mac Short Sale
Investor Freddie Mac Short Sale Help The Federal Home Loan Mortgage Corporation (FHLMC) commonly known as Freddie Mac is a government sponsored enterprise (GSE). As of September 7, 2008 Freddie Mac was put under a conservatorship of the U.S. Federal government. ...
Notice Of Short Sale Wells Fargo
Notice Of Short Sale Wells Fargo A notice of short sale is provided from Wells Fargo generally when they are the investor on the note and for other private investors as well. Wells Fargo will complete a Desktop Appraisal and advise the borrower on what to the list the...
Short Sale Considerations
What Are The Important Short Sale Considerations? With a short sale, one may have the option of selling their home for less than the total amount owed on the mortgage note. The goal of a short sale is to gain permission from the powers to be of the note to liquidate a...
VA Compromised Sales
VA Compromised Sales Short Sale Help When a veteran gets a VA loan to purchases a home there is a guarantee from the VA on it up to a certain amount. When a borrower who has obtained a VA loan has a property that is underwater and they want to sell they will need to...
Ditech 2nd Mortgage Short Sale
Ditech 2nd Mortgage Short Sale Ditech is a mortgage servicer and it appears a large volume of the loans they service are Fannie Mae (FNMA) backed notes when in 1st posistion. Fannie Mae is a Government Sponsored Enterprise (GSE) and their guidelines will govern the...
Nationstar Xome
Nationstar Xome Help Nationstar has gone through a few different online auction platforms over the years. They used auction, Homesearch, and now Xome to open short sale transactions to the public. Depending on the investor on the note will determine if the servicer...
HAFA Deadline December 30, 2016
The HAFA Deadline for applying currently is December 30, 2016. HAFA provides borrowers and tenants the opportunity to leave a property through a short sale sale or a deed-in-lieu of foreclosure (DIL) while providing a relocation incentive of $10,000. It also allows a...
Short Sale Settlement
Help Short Sale Settlement Homeowners who have borrowed money via an instrument of mortgage or deed of trust have a financial duty to pay the note holder. The deed of trust or mortgage is recorded which secures their interest. During the financial crises it was...