Short Sale Help
Short Sale Decline
Custom Mortgage Consult
HSBC Commission
HSBC Commission Structure For Short Sales HSBC as a mortgage servicer has a strict commission structure for short sale transactions. They also do not participate in the government short sale HAFA program. We were advised that this was due to them not receiving any...
Wire Returned After Closing
Wire Returned After Closing After a short sale closes and the wire is sent to the mortgage servicer they will require the final closing package to be sent in to them in order to close out the file on their end. The typical documents for a final closing package include...
Ocwen Verbal Authorization
Ocwen Verbal Authorization Mortgage servicers have different guidelines when it comes to having a 3rd party to the loan authorized on a borrowers mortgage account. Some lenders require it to be emailed, faxed, or even notarized and sent in. Some lenders will allow a...
Short Sale Programs
Short Sale Programs There are many different short sale programs. The main factors in determining what program you will be required to be reviewed for are the following: What type of loan was used to purchase the property? ( FHA, VA, Conventional.) Who is the investor...
Public Service Credit Union
Public Service Credit Union Short Sale There are many mortgage servicers in this industry. Public Service Credit Union is a smaller servicer which can be a double edged sword in the world of processing short sales. The positive aspect is that they are not as busy and...
Nationstar Uses Auction.com
Nationstar Uses Auction.com What is Auction.com? Auction.com is an online platform to auction homes used by mortgage servicers, but primarily Nationstar Mortgage Servicing. Nationstar states they at times require to utilize Auction.com during its short sale...
NYCB Mortgage Settlement
NYCB Mortgage Settlement New York Community Banks mortgage division is known as NYCB Mortgage. If your mortgage servicer is NYCB and you have a 2nd lien with them that is delinquent or charged off, a NYCB mortgage settlement can be attempted for review. Depending on...
Short Sale Negotiators
Anyone who has participated in a short sale knows that it can be highly stressful and that it is not always a quick process. The fact is processing a short sale efficiently takes a lot of experience and is continuously changing. ARE THERE COMPANIES THAT PROVIDE SHORT...
Tenant Purchase Residence As Short Sale?
Can the tenant purchase residence as short sale? This seems to be a common question from homeowners and agents alike when this situation presents itself. The simple answer to "Can the tenant purchase residence as short sale?" is yes they may have the opportunity. If...
Can Felons Short Sale?
Can Felons Short Sale? It depends on various factors on if a felon can or can’t participate in a short sale. It primarily depends on the type of felony one is convicted of and what short sale program you may or may not be required to be reviewed for. The Dodd-Frank...