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Carrington Mortgage Foreclosure Sale Date
Carrington Mortgage Foreclosure Sale Date There a few lenders out there who have a reputation for not postponing sale dates and Carrington Mortgage Foreclosure Sale Dates are as hard set as they get. We have been advised that Carrington Mortgage almost never...
Ocwen Denies Foreclosure Postponement Requests
Ocwen Denies Foreclosure Postponement Requests Ocwen Loan Servicing is notorious for foreclosing on properties and for being difficult to communicate with due to their almost complete outsourcing to India. It's important to know if Ocwen is your servicer that they do...
Service Release Error – Bank Of America
Service Release Error - False Alarm Lately everyone in the mortgage industry is experiencing or has at least heard about that Bank Of America servicing releasing a large volume of their loans. All appearances show that Bank of America is doing everything they...
Relocation Incentive HAFA
HAFA Program Offers Relocation Incentive And No Deficiency Judgment! The Home Affordable Foreclosure Alternative (HAFA) is a government sponsored program with up to a $3,000 relocation incentive to participate if qualified. The following are the main benefits to...
Partial Claim FHA & HUD
What is a Partial Claim? When a borrower who purchased their home with a Federal Housing Authority Loan (FHA) falls delinquent on their they may apply and be considered for review of a loan modification. Typically if approved for a loan modification and...
Mortgage Forgiveness Debt Relief Act
The Mortgage Forgiveness Debt Relief Act is a government bill that offers relief to most homeowners who would normally owe taxes on the forgiven debt after performing a short sale. The purpose of this act is to help homeowners avoid additional financial hardship by...
Chase Equator & Short Sales
Chase Equator Officially Rolled Out We've been hearing this was going to take place for quite some time, but now Chase representatives actually have initiated begun initiating our short sale transactions into our equator account....
Customer Relationship Manager (CRM)
What is a Customer Relationship Manager? Customer Relationship Manager’s also known as a "CRM" are assigned to the loan accounts at Bank of America for customer assistance. Almost all mortgage servicers have representatives similar to a Customer Relationship Manager...
Charge Off During Short Sale
What is a charged off account? When there is a Junior Lien (secondary mortgage) that is delinquent more than 120 -180 days a creditor may choose to charge-off the debt owed. A charge-off is the declaration by a creditor that an amount of debt is unlikely to be...
Mortgage Insurance Affects Short Sales
What is Mortgage Insurance? Mortgage insurance is a financial guaranty for the lender that will help to reduce or eliminate a loss in case the borrower defaults on their mortgage. MI is almost universally required on loans where there is less than twenty percent...