Short Sale Extension To Close Obtaining a short sale extension to close is possible in many situations and issuance will depend on many factors. The main factors to take into consideration are: Is there a foreclosure sale date? Who is the investor on the note? Is the...
MI Short Sale Approval Transactions that require Mortgage Insurance Short Sale Approval are often more difficult as you will need an offer that meets their guidelines and the investors as well. The Mortgage Insurance (MI) and the investor may not always see eye to...
Cash Mortgage Settlement Many borrowers do not know that it is possible to complete a cash mortgage settlement on their account without selling the property. While first mortgage settlements are a rarity, second mortgage settlements are much more common in the current...
Are Wells Fargo Equator Days Over? It appears Wells Fargo Equator contract is expiring and they are in the process of fully moving out of equator. They are declining files from equator and beginning to work them outside of equator. Files can still be initiated in...
U.S. Bank Short Sale Process Short sales can be tedious at times and a U.S. Bank Short Sale is often on the tougher side due to their slow moving nature and rigorous underwriting process. U.S. Bank will review a short sale and the borrowers financials to a degree that...
Bank Of America HELOC Short Sale Help A Home Equity Line Of Credit (HELOC) is typically serviced in a HELOC department by the mortgage servicing entity. When processing a short sale with Bank Of America they use equator to facilitate their transactions. If the...
