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Wells Fargo: Short Sales go through Equator… Well at least for the most part.

Wells Fargo has a long standing reputation to upkeep of being the fuddy duddy of the Loss Mitigation industry. I am sure that if they could convince people to submit their short sale and loan modification packages via the old horse drawn cart they would. Well in an...
MHA: Bank of America’s (and just about everyone else’s) spiel for Immanent Default.

MHA: Bank of America’s (and just about everyone else’s) spiel for Immanent Default.

Frequently our clients are concerned about approaching Bank of America to complete their immanent default interview, which happens prior to their falling behind, because they don’t know what to expect. It is important to know is that if you do not answer yes to...
Wells Fargo: Waive your principal goodbye; for now.

Wells Fargo: Waive your principal goodbye; for now.

In an effort to help defaulting homeowners Wells Fargo is offering their own version of FHA’s Partial Claim Program. This version varies in several ways but is aimed at what Wells Fargo is referring to as a “Principal Forbearance”. Now this is not...