Bank of America in an effort to close more deals has designated a company, Default Servicing LLC., since September to begin contacting homeowners that were pre-qualified for the short sale process. Their new program, shrouded in part due to secrecy of how to qualify, has been initiated and Default Servicing, LLC has begun making...
Posts Tagged ‘ deed in lieu ’
HAFA: Making homes affordable HAFA Options Pamphlet
The Government’s alphabet soup of mortgage help programs has really set a lot of confusion amongst homeowner’s, agents, and professionals alike with all the programs that they have brought to pass. HAFA, as relatively one of the newer programs, has been met with a large bit of confusion as to the terms to be...
Bank of America: BAC Loan Servicing removes 90 day listing rule for Deed-in-Lieu Applicants
Image via Wikipedia In has been the position of many lenders that they would like their borrowers to attempt to sell the property prior to applying for a deed-in-lieu of foreclosure. These days we find that there is not always one solution for homeowners that need to walk away from their properties or to...
MLReport.com Presents: Premier Real Estate Forum
We here at Mortgage Lender Report (MLReport.com) due to the great response we have been receiving from the community have added an addition that we feel everyone will benefit from. We received hundreds of questions in our pursuit to keep the market up to date about the mortgage guidelines and problems that it seems...
GMAC deed-in-lieu processing procedures.
As a mortgage lender the bank is not there to sell the borrower’s home. That is why 9 times out of 10 it is better to go through a short sale for all the parties involved than to let it go to foreclosure. There does not need to be a delinquency but it is...
America’s Servicing Company (Wells Fargo) foreclosure stop changes
America’s Servicing Company (Wells Fargo) has long standing been a difficult lender to deal with. Whether it is their poor review process or their agents that have a lack of understanding of how the processes work it is too bad that they have only had to make things tougher on individuals applying for assistance....
About Us
We are a team of negotiators that have operated nationwide for one of the largest servicing houses. We have managed procedures and the application processes mediating between homeowners, real estate professionals and the lenders involved. We have also been providing in house networking for investors, real estate agents, lenders and other real estate professionals(Conventional...