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21st Century Mortgage: Talk about crazy short sale deals.

When everyone talks about the great short sale deals I don’t think they have frequented the 21st Century Mortgage area of the business. If this business has gotten any better in some places it’s definitely gotten worse in others. Strange as it may seen we...
Bank of America: What do I need to know about my automatic email status notifications?

Bank of America: What do I need to know about my automatic email status notifications?

BAC Home Loans Servicing, LP., or Bank of America, wants you to know what all those auto responders mean. In a recent email sent out on August 17, 2010, BAC sent a message about the changes that had taken place over a month ago on July 15th to their partner’s...
BankUnited: We’ve lost our ability to do our own short sales! National Quick Sale picking up their slack.

BankUnited: We’ve lost our ability to do our own short sales! National Quick Sale picking up their slack.

BankUnited, along with becoming defunct, has ceased completing it’s many of its own internal servicing procedures it has offer its investors in the past. One of the latest is that they are no longer processing short sales. In a strange turn of events BU is now...
BAC Home Loans: After B of A receives the counter offer how long before I hear a response?

BAC Home Loans: After B of A receives the counter offer how long before I hear a response?

This is often a question that we receive from our clients and the Agents we work with. Really, it’s hard to say because it all depends on whether the lender is going to counter back again on any of the terms. Until the offer is submitted to the investor anything...