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Fannie Mae Short Sale : Comple...

Fannie Mae Short Sale : Completing Deal Change
Fannie Mae short sales are worked in their own portal called www.Homepath.com , for short sales its www.homepathforshortsales.com. Most Fannie Mae Short Sales are worked by the mortgage servicer until a certain milestone and then moved to...

Short Sale Decline : Property ...

Short Sale Decline : Property not on Market for sufficient amount of time
Short Sale Decline due to Property not on Market for sufficient amount of time ? Fannie Mae and Freddie Mac implemented a new guideline a few years back that required a property to be on the Market for 5 business days and a full weekend before...

California reverse mortgage sh...

California reverse mortgage short sale
When you are in a Reverse Mortgage Short Sale position the reverse mortgage on the property has no equity and the property is put up for sale and the proceeds of the sale will not fully satisfy/payoff the loan on the property. Novad Management...

Novad Short Sale : HUD Decline...

As of recently there has been an increase in declines for short sales on HUD backed FHA mortgages going through a short sale review that are more than 40 Months past due. Neglecting the size of the short sale, the qualifications of the...

Wells Fargo Short Sale : Wells...

Wells Fargo Short Sale : Wells Fargo wont complete interior value
As of recently Wells Fargo has been very hesitant to complete interior values for their Wells Fargo owned assets during a Wells Fargo Short Sale. Per Wells Fargo escalations Wells Fargo is no longer ordering interior values on their Short...

Novad Short Sale Escalations

Novad Short Sale Escalations
When you are going through some difficult challenges on a FHA short Sale , have any FHA short sale guideline related questions or issues during a short sale review then you need to open up a ticket with HUD to get a HUD counselor involved in...

Home Equity Conversion Mortgag...

Home Equity Conversion Mortgage Short Sale
A Home Equity Conversion Mortgage Short Sale also know as HECM and a Reverse Mortgage is a mortgage in which a homeowner relinquishes equity in their home in exchange for regular payments, this is typically to supplement retirement income. A...
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