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Title Report : Review It!
WHAT IS A PRELIMINARY TITLE REPORT? A title is a legal document listing the history of ownership of a home. After the buyer and seller have reached mutual acceptance, an attorney or title company will pull title on the subject property and review it for any problems...
Chase Using Equator Now?
Is Chase Using Equator Now? We all have heard been hearing for quite some time now that Chase is going to begin using the equator platform to process their short sales but it has yet to take place. It seems it may now be closer now then ever before. A negotiator at...
Senate Bill 458 & California Short Sales
Senate Bill 458 On July 18 Gov. Jerry Brown signed Senate Bill 458 into law. This new California law will protect homeowners who are pursuing short sales by prohibiting second lien holders from pursuing deficiency judgments. SB 458 effectively extends the...
Short Sale Service Release BOA
Short Sale Service Release Bank of America has and will continue to release pools of loans. No loan is safe from a short sale service release even if the short sale is already approved. This seems to be even more interesting because the lender the file is going to...
FHA Loan Modification Review & Short Sales
FHA Loan Modification Review Before A Short Sale When encountered many people will ask "is this a new policy?" The answer is no, this is not a new policy and it has been a requirement by HUD for all FHA loans. HUD guidelines require that all borrowers be reviewed for...
4506-T and 4506T-EZ Forms
What is a 4506-T and 4506T-EZ We find that many clients are frequently asking about the HAMP and HAFA programs. These questions seem to be on everyone’s mind and what exactly is this 4506-t? Traditionally, the 4506-t is used by loan officers and submitted to mortgage...
Cooperative Short Sale
Bank of America Cooperative Short Sale Program The Bank Of America Cooperative Short Sale program is known as the CO-OP short sale. This program allows a homeowner to begin processing a short sale prior to an offer being received on their property. You will initiate...