Real Time Resolutions Short Sale Help At times you will find Real Time Resolutions (RTR) as the mortgage servicer typically for liens in 2nd position. It is important to know that a Real Time Resolutions Short Sale often can be difficult as they tend to request high...
HUD 601 Program We had a short sale being ran through the Pre Foreclosure Sale Program ( FHA short sale ) and the file was service released. Once it was service released we were advised by the new lender that this is now being processed through that HAFA program....
Ocwen Short Sale Results Ocwen used to be a nightmare to deal with in our industry as they rarely postponed foreclosure sale dates and communication was extremely difficult. As of lately they have shown promising results in certain areas of their short sale...
Second Mortgage Is A Short Sale Only! In some transactions you may realize that their may be a possibility that the first mortgage will be paid off in full from the proceeds of the sale, but that the subordinate lien(s) will not. Situations such as this can often be...
IRS Lien Short Sale When processing short sales you may run into an IRS lien on title. You should try to get authorized with the IRS right away. The IRS authorization Form 2848 is required for the IRS to speak to you. It’s very important to know that the Internal...
