Carrington Mortgage Guidelines

Carrington MTG

Carrington Mortgage Short Sale Guidelines Carrington Mortgage Services can be a tough lender to work with and they have strict servicing guidelines. Carrington Mortgage Services has a few guidelines that you should be knowledgeable of prior to moving forward with a...

FHA Equator Bank Of America

Bank Of America, Government SS

FHA Equator Short Sale Processing Rolled Out The world of short sales are always changing; the guidelines and the mortgage servicers systems evolving. A news letter was issued sometime last month from Bank Of America stating that FHA short sales would now be processed...

Approved Short Sale And We Need To Add A Buyer

SS Processing

What Does Adding A Buyer To An Approved Short Sale Mean For The Transaction? Adding a buyer to a purchase agreement after a short sale is approved is typically a red flag. It’s usually a sign of a weak buyer who can’t obtain financing on their own, but equally as...

Approved Short Sale Pending Service Release

SS Processing

Approved Short Sale Pending Service Release A service release is typically something you do not want to take place while you are processing a short sale transaction. Generally, when a service release takes place it results in the short sale process starting all over...

BBVA Compass Short Sale Guidelines

Blogs

BBVA Compass Short Sale Guidelines BBVA compass is a smaller servicer and actually has proven to process short sale transactions fairly quickly, but you need to be aware of their guidelines upfront. BBVA Compass does not participate in the HAFA program. BBVA Compass...

Bankruptcy Short Sale

Bank Of America, SS Processing

 Bankruptcy Short Sale What happens to the short sale if the seller files for bankruptcy? •Lender can review a short sale offer while the loan is in an active bankruptcy. However, to complete a short sale and issue the approval letter, the bankruptcy documents must be...