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HAMP: New Changes to Investor Income Valuation, Government reviews and has found clarity.

HAMP: New Changes to Investor Income Valuation, Government reviews and has found clarity.

In an odd turn of events HAMPs guidelines have changed possibly this time for the better. Changes have recently taken place to help try and bring that 18% of successful workouts up a little and this time it’s including Investors. Now before you jump for joy they...
Bank of America: Stop Faxing Me Your Loan MOD Documents! Email Them.

Bank of America: Stop Faxing Me Your Loan MOD Documents! Email Them.

We should set off the fire works for this one. It’s almost like Bank of America is taking a few steps into the future calling out,”’90’s here we come!” OK. So they are still running 20+ years behind on the times but their catching up. In...
ACG works with Investor Properties (Non-owner occupied) and Chase to save homes from foreclosure.

ACG works with Investor Properties (Non-owner occupied) and Chase to save homes from foreclosure.

Similar to the Indymac non-owner occupied or investment loan modifications are rare at most lenders unless you know the right people. Well at Chase this is no exception. Chase has adopted many of it’s own practices from the new current HAMP/Government program....

ACG and Wachovia connect for BULK Short Sale Processing

Starting in 2005, Absolute Consultant Group’s(ACG) counselors sought out to solve mortgage problems no longer from the confines of Countrywide’s Loss Mitigation Department. At that time they were part of one of the largest lenders in the world helping service a...

Fannie Mae: Submit your short sales 21 days prior or its too late for a short sale.

Fannie Mae for being a government sponsored enterprise and all the support they are receiving from the government and the Obama Administration (HAMP, MHA, HAFA,Hope For Homeowners, etc.) seem to be tightening their belts more than anyone else. We for one seem to think...
BAC Loan Servicing LP (Bank of America): Deficiencies… Now its on you!

BAC Loan Servicing LP (Bank of America): Deficiencies… Now its on you!

Image via Wikipedia Foreclosure deficiencies are one thing… those are usually depending greatly on the type of loan you had prior to the home going to foreclosure but these days there are new laws waiting to be rewritten on the banks ability to pursue you have a...