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Carrington Mortgage FHA
Carrington Mortgage FHA Short Sale The Pre-foreclosure sale program which many refer to as a FHA short sale has a different set of guidelines due to being backed by HUD. Carrington Mortgage FHA loans will be required to be processed for a loan modification prior to...
Huntington Mortgage Short Sale
Huntington Mortgage Short Sale Huntington Mortgage is one of the larger banks in Ohio and is where their headquarters is located. They also operate in Indiana, Kentucky, Michigan, Pennsylvania and West Virginia. When dealing with distressed homeowners in these areas,...
Caliber Home Loans 15 Day Rule
Caliber Home Loans 15 Day Rule When it comes to beginning a short sale right before a set foreclosure sale date many mortgage servicers have guidelines in regards to the time frame a short sale review must be open before an auction date. Caliber Home Loans 15 day rule...
Fannie Mae Deed-In-Lieu
Fannie Mae Deed-In-Lieu At times a Fannie Mae short sale will not work out for multiple reasons. The most common reasons are that the borrower is current on their mortgage, can afford the property, or Fannie Mae's valuation of the property is too high and an offer can...
Caliber Home Loans Service Release
Caliber Home Loans As of lately Caliber Home Loans (CHL) seems to be growing at a rapid rate when it comes to servicing non-performing notes. Many non-performing loans are being serviced released to Caliber Home Loans from Bank Of America and other mortgage servicers....
Nationstar Bankruptcy Short Sale
Nationstar Bankruptcy Short Sale Nationstar Bankruptcy Short Sale; When a borrower files a bankruptcy it can affect the facilitation of a short sale. Many mortgage servicers will not move forward with a short sale review while there is an active bankruptcy on file....
PNC Short Sale
PNC Short Sale We often get clients who are struggling with completing a PNC short sale. Due to the assigned representatives lack of communication, the ever so often run around, and the mishandling of the file PNC can at times be a tough servicer to work with. It's...
Seterus Homepath
Seterus Homepath Seterus is a mortgage servicing company that happes to handle a large volume of Fannie Mae backed notes. If you are processing a short sale and the 1st lien holder is Seterus and the note is Fannie Mae backed then they will require the file to be...
HAFA $10,000 Relocation Incentive
HAFA $10,000 Relocation Incentive The HAFA guidelines for short sales are adjusting as of February 1st 2015. The first major change that will benefit homeowners are that may not be eligible up to $10,000 in relocation incentive if they qualify for HAFA. Various...
PennyMac Short Sale
PennyMac Short Sale Faciliating a PennyMac short sale are not as common as working with some of the big name servicers such as Chase, Wellsfargo, Bank Of America, and Ocwen. PennyMac short sales can be initiated by faxing in the documents to...