Short Sale Help
Short Sale Decline
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Title Issue – Unassociated Bankruptcy
When processing a large volume of short sales, you will eventually run into all different kinds of title issues. At times you will find liens not being subordinated or removed properly. You may also find individuals on title who do not belong there. One title issue...
Service Releases And Short Sale
Service Releases During A Short Sale During a short sale or any workout option with a mortgage servicer you may hear the term “service release". In simple terms a service release is when your loan is switching to a new servicer. For example; your loan is with BOA and...
Shellpoint Mortgage Buys Resurgent
Resurgent Is Now Shellpoint Mortgage Resurgent Mortgage Servicing has now become Shellpoint Mortgage. Shellpoint Partners recently aquired Resurgent Mortgage Servicing from Resurgent Capital Solutions. To read more information in regards to this acquisition click...
Nationstar Moving Slow
Nationstar Mortgage Nationstar Mortgage is one of the larger mortgage servicers in the industry. We currently are processing a large volume of short sales with this mortgage servicer and as of recently short sale processing time frames and communication with them have...
Short Sale Offer Submission
We have multiple offers, should we submit them all to the bank? The banks do not require you to submit all offers to them to them for review and the sellers should not be accepting more than one offer at a time as that may increase liabilities. If you submit multiple...
Freddie Mac Short Sale Guideline
Freddie Mac Short Sale Listing Guideline Agent's beware! Do not have offers written up prior to a property being listed on the MLS for at least 5 business days and a weekend. Many investors are implementing this guideline as Freddie Mac is a leader in the industry....
Ocwen Short Sale Information
Ocwen Short Sale Getting an Ocwen short sale moving forward is the easy part, but working with them is were the process gets more difficult. Ocwen will accept emails which increases your chances that your documents are received the first time compared to fax were many...
Short Sale Runaround From Banks
Short Sale Runaround And Misinformation Provided From Banks After being in this business for awhile you will learn that representatives at the often will provide you with misinformation and give you the short sale runaround. They often will be convinced that they are...
2nd Mortgage Settlement
2nd Mortgage Settlement It's almost the year end and from our experience this is the best time to submit 2nd lien settlement offers to the servicers. If you're struggling to pay your mortgages or if settling your 2nd mortgage will produce other benefits, this may be...
Caliber Home Loans Short Sale
Finding Help Has Never Been This Easy. Caliber Home Loans Short Sale Processing Processing a Caliber Home Loans short sale is different then the majority of mortgage servicers. A Caliber Home Loans short sale will be required to be initiated and facilitated...