Freddie Mac Inflating Property Values

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Debt Relief Act

Since the DRA has not been renewed for 2014, does anyone know what the last day is a contract signed in 2013 has to close by in 2014?

Started by Rich Steffen in Rants and Raves

3 yesterday
Reply by wayne brooks

SLS lender

Does anyone have experience with SLS?  We have been told our offer is too low, but they won't counter.  They have agreed to send the BPO to…

Started by Lonnie Workman in Rants and Raves

18 on Friday
Reply by Mellissa Young-Ramirez

Freddie Mac Inflating Values

Now it's Freddie's turn.  without going into details, I have confirmed with management at Wells Fargo that Freddie Mac is countering 15%-20…

Started by Tony Morales in Rants and Raves

1 on Friday
Reply by Robin Kramer
 

Best Short Sale Resources in the industry

On this page, you will find access to an unparalleled amount of resources for agents who work short sales. Help share this page with other…

Started by you in Rants and Raves
 

Commissions on HSBC ShortSales

Has anyone had any experience with HSBC cutting the commissions to 4% ?

Started by Linda Hess in General Discussion

0 Feb 7

Unique Situation - Can I get the 3000 dollars to turn over the keys money if ......

We were doing a short sale on our home and our real estate agent advised us that on we needed to be out of the house on Oct. 1, 2013 becaus…

Started by Angela Guitar in Question and Answer

3 Feb 7
Reply by Donna Meyers

  Short sales and depression

Why is it that when you try to help distressed homeowners they seem to not cooperate?

Studies have suggested that homeowners facing the potential loss of their home are riddled with fear, guilt, resentment and doubt.

The fear is the overwhelming feeling and the embarrassment of losing their home, their family and the thought of people talking about them.

Continue

Added by Sergio Saia on February 17, 2014 at 9:00am — No Comments

 

  FHA Back to Work Program

Exciting News! FHA Is Allowing People that Suffered through Recent Economic Hardships to Apply for a Home Loan with the FHA Back to Work Program.…

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Added by Michael Collins, CDPE, SFR, BPOR on February 11, 2014 at 3:36pm — No Comments

  Need help with Ocwen on a closed short sale

Ocwen is the 1st and SLS the 2nd and escrow closed on 1/23/14. Both lenders approved the Hud for closing

Ocwen called days later asking for a new revised approval letter from the 2nd. The 2nd approval stated "minimum

proceeds to close approved short sale to be $6,000. Ocwen approved seller for Hafa and gave 2nd $8500. This

amount was on the Hud that was approved and SLS said they did not need to revise their letter. Title was fine with

this amount as it did state…

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Added by Diana Jean Laskowski on February 7, 2014 at 12:42pm — No Comments

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