Real estate blog entries tagged with subordinations by Olan Carder (Fairway Independent Mortgage)

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Home : Blogs : Olan Carder : Olan Carder on Mortgages and Charlotte Home Loans : Tag "subordinations"

subordinations: Follow up to Bank of America Subordination Problems... - 03/07/09 11:01 AM

I wanted to write a follow up post to the one I wrote last month about Bank of America and their useless wonderful subordination department. For those of you who read it, you remember my clients were forced to cancel their refinance (which saved them $300) because Bank of America would never respond on their subordination and finally denied it. We have appealed the decision and here goes...
After fighting with Bank of America to reconsider, we finally got them allow me to write a "Benefits Letter" that outlined the potential savings and therefore lower Debt-to-income ratio for them as the … (5 comments)

subordinations: Bank of America Subordinations BEWARE!! - 01/29/09 02:49 PM

I closed a refinance for one of my past clients on the 23rd and we had to subordinate a second lien they had with beloved Bank of America. We called B of A and asked about the process which they said was normally 10 business days but also noted that we could pay an additional $75 fee to RUSH the process and we would have it in 5 business days.
My processor had the closing attorney prepare the package and we sent it out on the 15th. I personally paid the RUSH fee of $75 to help out my client.
Well … (9 comments)

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Olan Carder

Charlotte, NC

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Fairway Independent Mortgage

Address: 8430 Read Road, Suite E, Charlotte, NC, 28277

Cell Phone: (980) 721-7478

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