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Wells Fargo HAFA Short Sale

Wells Fargo HAFA Short Sale
Effective February 1, 2015 the Making Home Affordable (MHA) Program has increased the HAFA relocation incentive for qualifying sellers to $10,000. Wells Fargo HAFA Short Sales are now offering $10,000 when qualified as the programs changes have affected all mortgage servicers and investors who participate in the program. The updated Wells Fargo HAFA Short Sale program guidelines state...

Freddie Mac Countering Above Market Valu...

Freddie Mac Countering Above Market Value
Freddie Mac Short Sales can already be a Challenge as it is, but lately Freddie Mac has been countering Short Sale buyers Above the Market Value of subject Property. After years of Processing  Freddie Mac Short Sale Transactions this has been a  re-occurring challenge with this investor that can SOMETIMES be very easy to over come. I emphasize sometimes because with every transaction...

NationStar/Auction.com Short Sale

NationStar/Auction.com Short Sale
Nation star has begun to use Auction.com in a lot of their short sales, what began as some “Investor Specific” loans going through this process seems to have increased to most of their Short Sales and even referred to as an  “offer validation process”. Their involvment can sometimes hurt the transaction, but also can better the situation and in some cases...

Recording a Subordination Of lien

If you are processing a subordination of lien in los Angeles county it is possible to have the subordination recorded your self through a priority recording. It is important to stay on top of both mortgage servicers from the beginning and determine what their procedure is when it comes to subordinations and what departments you will be working with. Once the correct parties and...

How to Negotiate a smooth and easy Short...

How to Negotiate a smooth and easy Short Sale
Many Agents pass up on a lot of leads and miss out on possible hundred’s of thousands in commissions a year out of the fear of a short sale. Maybe its a lack of experience, knowledge, time, or a combination of all that keeps you away from a short sale, but even if you are processing your first one you too can process a smooth transaction. The first thing you must do if you have...