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- POST: Wells Fargo: Waive your principal goodbye; for now. - http://bit.ly/aRQ9iZ #shortsale #foreclosure #mortgage 2010/07/28
- POST: Wachovia: ACG connects with Wells Fargo for Bulk MOD Underwriting - http://bit.ly/9OlO1n #shortsale #foreclosure #mortgage 2010/07/27
- POST: Litton Loan Servicing: The treasury says 14 days for HAFA. Make it 30. - http://bit.ly/aVP0JZ #shortsale #foreclosure #mortgage 2010/07/26
- Mortgage Lender Report - NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dro... http://aweber.com/b/PT1a 2010/07/19
- POST: MHA/HAMP/HAFA: Harsh rules leaving many homeowners in trouble. - http://bit.ly/c1wcfc #shortsale #foreclosure #mortgage 2010/07/19
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Latest Headlines
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Ocwen: Freddie Mac sets the Matrix Second Mortgages
Posted on June 21, 2010 | No CommentsRecently in conversations with a negotiator in the Freddie Mac department at Ocwen Mortgage we had an in depth conversation leading us to final result of having a full understanding of their break down paid to Jr. Lien holders. Frequently, lenders in specific, have what... -
ACG works with Investor Properties (Non-owner occupied) and Chase to save homes from foreclosure.
Posted on June 19, 2010 | No CommentsSimilar 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. These modifications are... -
CalHFA: We don’t need no stinkin’ government programs, Rs r gud!
Posted on June 17, 2010 | No CommentsNeedless to say CalHFA’s review of loan modification is weak and at best they don’t even look to see if you have your basic requirements for living are met. Many times you will find that they will go through multiple level’s of management prior to... -
Wachovia: An offer that is too low they will automatically get you kicked out.
Posted on June 15, 2010 | No CommentsWachovia known for its speedy work outs and it could be because of the streamline guidelines that they put out to begin with. In fact those rules aren’t necessarily that stringent but they do keep the flow of work going. Wachovia’s short sale department uses... -
CalHFA: Don’t wait till the last minute because they’ll take you to foreclosure sale!
Posted on June 14, 2010 | No CommentsMany times we find the homeowners wait till the last minute to find assistance. As homeowners used to have a little more leniency during the slow times but now an already battered system is starting to fight back. At this time CalHFA is another lender in a... -
How to write a hardship letter for a loan modification or a short sale?
Posted on June 11, 2010 | No CommentsOften we receive the question of how a homeowner should write their hardship letter and we find that there is still no simple answer. Should I include if I didn’t file my taxes? What if I don’t know what a profit and loss is? Many... -
Service Link Loss Mitigation Services to start Charging a 1% fee for completing short sales
Posted on June 11, 2010 | No CommentsSo as if it wasn’t already tough enough to get your mortgage lender on board with your short sale now they are charging you to approve it! Buyers, agents, homeowners, etc. already have enough trouble on a day to day basis processing short sales but... -
HAMP: MHA Guidelines change June 1, 2010 – Homeowners looking for help; Now is the time.
Posted on June 4, 2010 | No CommentsThere have been many problems with the program put out by the Obama administration referred to as MHA or Making Homes Affordable but things may be changing for the better. Frequently, homeowners over the past year have only seen an 18% success rate while companies... -
Wachovia: Authorization Questions… It’s not good enough that you know the homeowners info!
Posted on June 2, 2010 | No CommentsWachovia, in no new fashion of being over protective as they are already with their letter of authorization process, have been asking for additional informational when calling in as a 3rd party that just about no other lender does. In retrospect it is funny because... -
HOA: Can I still owe HOA fees after filing Bankruptcy and Surrendering the home?
Posted on May 28, 2010 | No CommentsOften our clients may have filed bankruptcy and are commonly under the belief that as they may have surrendered a property in their Chapter 7 Bankruptcy or their Chapter 13 BK that they can forget about everything and move forward. This is many times a...
