Senate Majority Leader Corbett came through for many homeowners in a tight pinch. Those that were worried about completing a short sale while still having a second mortgage that could come after them years later, commonly to what everyone refers to as seeking a deficiency, was not a settling thought for many sellers who...
Many of our clients are receiving these days a Hardship Affidavit that seems like it is causing a storm of confusion. Even those in the industry find that they are not exactly sure what it is for. The “Affidavit” pronounced by many as ‘affidavid’ is basically a formal hardship letter to the lender advising...
We here at MLReport.com have been receiving a lot of questions about Bank of America’s new online secure e-mail system. We have obtained an internal document that we will share below with our readers below. If you have any questions you know how to you contact us. Happy reading: Contents How to open your...
Really this rule works across the board for most lenders as they all generally forecast what they expect to receive from sending a home to foreclosure. An example of this is, a bank, prior to foreclosing has a “net” amount or “net proceeds” that they would expect after a sale. This also includes an...
When the going gets tough the banks make your life tougher. Bank of America’s charge off recovery department has been known to ask for settlements as high as 80% of the debt in order to let go of the homeowners obligation. In the last couple of months though either because of the larger number...
Wells Fargo Home Mortgage is notorious for the being nit-picky. Whether it is that one of the contract is not executed to their liking or when they ask you to submit their own listing and contact addendum one thing is guaranteed and that is that they do not want to lose on a deal...