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...
As of July 13th 2011 Bank of America received a new guidelines (or in the business it is called a directive) from our old pal Fannie Mae(FNMA). In this new guideline change they are requiring homeowners that look to go through the HAFA program to actually jump through several new hoops. One of those...
Many different acronyms get thrown around frequently in the business world. The banking world being one of the largest cogs in private sector it is no wonder confronting your mortgage company and getting a clear understanding of what they are trying to say or who you should be dealing with is so crucial. Now...
Anyone riding the short sale pipeline may have seen many buyers getting antsy as we came to the end of the filing period for tax payers to cash in on those home buying incentives. Well many of those last-minute buyers can wipe the sweat off their brow along with saving a lot of short...
Wachovia, 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 even Wells Fargo who is notorious for their auditing...
Its time to finally put away those 56k modems and those fax machines. Old technology is exactly that; OLD! We ourselves couldn’t be happier but we definitely know that those agents out there that are not technically inclined are either going to give up on Bank of America Short Sales, they are either going to use a Premier...
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...
How do I complete my portion of the short sale gets asked a lot by homeowner who are having trouble moving forward on their short sales. There are many reasons for hang ups but one of the number one reasons is the incomplete filling out of the Customer Portal. There is a need to convert documents...
Most lenders have a habit of waiting for the last minute to take care of anything important. Well, Chase is no exception to the rule. Chase will wait to as late in the game as possible prior to postponing the foreclosure sale. Well the issue is not so much that they end up waiting...