What to do when there isn't a servicer

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GMAC keyed in foreclosure instead of a shortsale on credit reports

I have a client that did a shortsale in 2008 with GMAC mortgage.  The credit reports shows that the property was closed as agreed upon. The…

Started by Joan Psarros, CDPE, CRS, SFR in Rants and Raves

0 20 hours ago

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


28 on Monday
Reply by Paul Cmil

BSI and Entra??

Has anyone been able to circumvent the 1% commission fee and $250 admin fee required by Entra - a subsidiary of BSI? I was told by a BSI re…

Started by Lisa Caccavella in Rants and Raves

0 Feb 21

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

8 Feb 20
Reply by Victor Schmell

Freddie Mac

Of course, both Fannie and Freddie are countering higher. The problem is that they both have the same "Business Model" that was set forth b…

Started by Sandy S. Ayala in Rants and Raves

0 Feb 18

How to resolve when NO ONE wants to claim servicing of the 2nd lien.???

Yes, as weird as it sounds, the 2nd lien has no one wanting to claim that they service it. It started with Summit Fiancial, then was trans…

Started by Lisa Mull in Rants and Raves

0 Feb 18

Commissions on HSBC ShortSales

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

Started by Linda Hess in General Discussion

1 Feb 17
Reply by Ed McKeown

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.


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

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Comments (1)

Jeff Jensen
The Federal Savings Bank/Lending in 50 states - Greenwich, CT

My company offers a 12 week course called Foreclosure Fridays which teaches Realtors how to be in position to get foreclosure and REO listing from Servicers.  We could help you to get listings from Green River Capital and others.  The cost?  Zero.

Feb 28, 2014 06:46 AM