http://archive.aweber.com/mlreportMLReport Blog UpdatesThu, 12 Apr 2012 23:00:55 -0400http://archive.aweber.com/mlreport/C2GWE/h/MHA_HUP_Freddie_Mac_FHLMC_to.htm Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 MHA-HUP: Freddie Mac (FHLMC) to give homeowners more time in their homes! 2012-01-22 14:17:40-05 For many the industry isn't getting better at solving their problems. Hopefully, at least for those finding themselves experiencing a long bout with unemployment, they will find a little relief coming from at least one of the GSEs Freddie Mac. In an announcement FHLMC stated that they would be extending their previous Forbearance plans in an effort to keep people in their homes from the traditional 6 months up to 12 months. It isn't clear if this is part of the Making Homes Affordable (MHA): HUP (Homeowner Unemployment Program) but it does seems to fit in with many of the other programs such as HAMP and HAFA. Now in our business this isn't anything new but was traditionally only extended past the 6 months in the past for sever hardships such as being effected by a natural disaster. In this case is going to be applied to more homeowners and is being expanded to include, and be specifically geared towards, those being affected by unemployment. If you have been affected by unemployment and are looking for assistance please contact our Customer Care Team at 888-945-5553 option 1. We're here to stand by you. Read more... Incomplete Bankruptcy Petitions: The Truth Behind Emergency Chapter 13s 2012-01-22 23:45:33-05 Many people call a Chapter 13 filed on the dawn of a foreclosure sale an emergency Chapter 13. However, it would be more accurate to call it an incomplete Chapter 13. An emergency Chapter 13 Bankruptcy is often done in order to stop the sale of a property at the very last minute. Sometimes, when negotiating with a lender on a short sale or modification, the borrower is unable to get an extension of the sale date. In those circumstances, the most effective way to halt the sale is to file bankruptcy in Federal Court. Many attorneys and legal document preparers call this type of filing an emergency Chapter 13. However, there is no such term in the bankruptcy code, and there is no such process built into the bankruptcy system for “emergency filings.” Under the bankruptcy code, a petitioner may amend a bankruptcy petition up to fourteen days after filing. What an emergency Chapter 13 is then, is an incomplete petition naming only the property being foreclosed on. This is done to expedite the filing process (preparing a full Chapter 13 takes significantly longer). The petitioner may then amend within the fourteen day period to complete the bankruptcy petition. DISCLAIMER: [...] Read more... What’s the difference?: Chapter 7 v. Chapter 13 2012-01-25 23:50:31-05 Even though many individuals are familiar with bankruptcy in general, few are aware of the differences between a Chapter 7 and a Chapter 13. First, a Chapter 7 bankruptcy is considered a liquidation of assets. A Chapter 13 is a reorganization of debts for an individual with regular income. In Chapter 7, most unsecured debts are discharged within 3-4 months. During this process your property is generally sold to pay off outstanding debt. However, there are exceptions such as homestead laws that allow you to protect certain assets. The process moves quickly, and creditors cannot contact you while the automatic stay is in effect. Eligibility for Chapter 7 is determined by income and the means test. Chapter 13, on the other hand, allows a petitioner to keep most of their property, while spreading out the time to pay on past due accounts. The typical payment plan allows the petitioner 3-5 years to catch up on delinquent accounts. This plan must be accepted by all of the petitioner’s creditors and approved by the Trustee. At the end of the payment plan period, any remaining outstanding debts will be discharged. Most individuals will qualify for Chapter 13, however, if an individual has [...] Read more... Bank of America: Puts stop to cash out refinances 2012-01-31 13:31:04-05 Bank of America certainly turned some heads last week when it told its retail loan officers nationwide that the lender will halt, for now, originations of cash-out refinancings, citing what it calls a "surge of refinancing activity" and capacity problems. A memo written by B of A home loans sales executive Matt Vernon notes that "while we regret the inconvenience this will cause to some of our customers in the short term, we are making the responsible choice that is in the best interest of our long-term capabilities to provide a predictable customer experience." In spite of arguments that this is some of the cleanest product ever to be originated, and profit margins being solid for many in the business, BofA continued to de-emphasize residential loans in the fourth quarter, producing just over $22 billion in mortgages, a stunning 75% decline from 4Q 2010. Read more... CHASE: As of April the 2nd you better know it all! (Verification Questions) 2012-04-12 14:58:14-04 As of April the 2nd Chase has changed up the verification process once again. At least we have seen this on with EMC (Chase side of the business) and the particular agents we were dealing with work both Washington Mutual loans as well as EMC's portfolio. They are not only requesting the standard "what's their mailing address" or " what is the last four of the borrower's social" to now what is the complete name including the middle initials. Now this isn't as bad as CitiMortgage who's Office of the President (or Executive Response Unit) forces you to actually tell you what the middle initial stands for but it is still another security loop whole that us professionals will need to be on. Now this rule has not been fully rolled out because we have hundreds of short sales and loan modifications with Chase and so far it is only EMC that we have seen requesting these. Are you seeing the same? Log in and let us know what you've been working against. Read more... Thu, 12 Apr 2012 23:00:55 -0400http://archive.aweber.com/mlreport/IsH0Q/h/EMC_Chase_slowly_engulfs_its_prey.htm Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 EMC: Chase slowly engulfs its prey until they become one and the same! 2011-08-02 10:12:47-04 Starting July 1st Chase continued down their path of their slowest merger ever with EMC (Guinness Book of World Records currently weighing out if they qualify for any records). By Chase opening up their Collections Department and other Loss Mitigation Departments to this they hope to start servicing their EMC portfolio in order to help with the overflow. The Chase employees are still working in different portals and are using tools to differentiate what type of loans that you are calling in about but all of Chase's Departments should be able to begin to help you with all your EMC needs. Though this merger has taken years there are still complaints from Chase Home Loan workers that are saying the EMC systems are antiquated and run very slowly. We are sure that this will continue to improve but it has definitely added to the run around. There are still dozens of telephone numbers for different departments that are being provided, some that direct you to EMC's different departments and many that are now directing you back to Chase. In fact some numbers that you call are specifically asking you if you are either with EMC or with Chase. This is [...] Read more... Aurora Bank FSB: Starting today no more emails to Loss Mitigation Processor 2011-08-05 17:27:37-04 In setting a new president starting today Aurora will not longer allow its loss mitigation (loan modification and short sale representatives) to message their processing department representatives. Due to the high volume they are being instructed to only transfer you to their voice mail and/or document the account that you called. They too along with many other mortgage servicers have implemented a one point of contact program possibly due to all the issues that the average homeowner, along with even the professionals, have had trying to make their way through these mortgage gauntlets. We have come to find out that even though this is the case there is still flexibility to always bend the rules as we have found that reaching out to some of our direct contacts at Aurora who have advised us that they still have the ability to make sure all our client's processors still get the message. Read more... Fannie Mae: Bank of America’s HAFA program sees major changes… Leaves many homeowners in the lurch and forecloses on those who waited. 2011-08-07 12:19:24-04 As of July 13th 2011 Bank of America received a new guidelines (or in the business it is called a directive) from our old pal Fannie Mae(FNMA). In this new guideline change they are requiring homeowners that look to go through the HAFA program to actually jump through several new hoops. One of those hoops is that as the HAFA program was originally designed to help homeowners that had been declined from HAMP providing them an Affordable Foreclosure Alternative to help the bank avoid having to take the home away from the homeowners. Well in this case they are now making all those homeowners that want to go through HAFA go through a check list and if HAMP decline is not on there they will no longer be eligible to participate in HAFA. Also, where HAFA gives the directive that the sale date must be postponed through the processing and review of the file they are now saying that they will no longer allow homeowners to participate in the Home Affordable Foreclosure Alternative if there is a pending sale date within 60 days. To only make matters worse there isn't a lot of information about this last part but there [...] Read more... SB 458: What can save me from a short sale deficiecny? This does. 2011-08-07 19:21:59-04 Senate Majority Leader Corbett came through for many homeowners in a tight pinch. Those that were worried about completing a short sale while still having a second mortgage that could come after them years later, commonly to what everyone refers to as seeking a deficiency, was not a settling thought for many sellers who found themselves with high payments and upside down property values. For many that had been forgotten by the loop-hole left by SB 931 only protecting those homeowners for their first mortgage SB 458 has now closed that loop-hole on second mortgages as well. As many homeowners during that last boom found lenders pushing them towards taking on more than what they could chew there is a hope that this will be a strike back to protect them from any further insult and injury. The bill made into the hands of the governor where it was quickly signed and rushed into law on July 15th. The anti-deficiency law to protect homeowners from their Jr. Liens (second mortgages or other) from coming after them will ride on the heels of SB 931 in this case amending civil code 580E's current written form. Many will rejoice but few with [...] Read more... New and Improved HARP Program to take affect March 1st 2012-01-17 14:36:54-05 On March 1st Fannie Mae is putting the newly enhanced HARP program also known as REFI PLUS into full swing. This will benefit those Homeowners that are underwater to the point of going past 105% loan to value, they will now be able to refinance with No Loan to value cap. This program has been popular but wasoriginally  limited to a first mortgage currently owned by Fannie Mae of up to 105% LTV. The new unlimited cap will allow many upside down mortgages to be refinanced at today's low interest rates. Here are some of the details of this program. Mortgage must be a Fannie Mae owned or guaranteed loan No Cap to First Mortgage LTV for All occupancy types If there is a second mortgage it cannot be paid off with the new loan min 620 credit score To see if your mortgage is owned by Fannie Mae go to www.fanniemae.com/loanlookup/ Your Personal Lender,  Dan Chapman Loan Officer license # MLO-70767 Office (661) 295-4686 Direct (425) 503-3209 Email Danc@Legacyg.com  visit me online http://www.LegacyG.com/danc Read more... Tue, 17 Jan 2012 23:01:09 -0500http://archive.aweber.com/mlreport/CW9Pk/h/PNC_Bank_Ordering_a_Pay_Off.htm Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 PNC Bank: Ordering a Pay Off Statement via 900 number. Strange… Just a little bit. 2011-05-02 18:43:26-04 It is important that while servicing your client's loans with PNC Bank that you understand their Pay Off Statement Request Guidelines. Often when ordering a pay off it is no more than a request by phone but every so often you come across a lender that asks for you to request it in writing. This [...] Read more... Saxon Mortgage: Going through growing pains…System Upgrade has them down till 5-9-2011 2011-05-02 20:52:54-04 If you've notice lately there there has been a slow down in information getting out to you from Saxon Mortgage it could have to do with some upgrades they are doing. They are currently in the process of porting the old files in to the new system which has only allowed for information to trickle out in [...] Read more... HSBC to make some major changes to its Mortgage Divisions 2011-06-02 17:16:19-04 In recent history time has shown HSBC to be in the process of consolidating its mortgage divisions. A recent letter sent out to our customers who have a mortgage that is being serviced by HSBC Mortgage Corporation division, in possibly yet another decline in their company standings, as many of the other HSBC divisions before it, their servicing portfolio is being consolidated again and this time into the parent company HSBC Bank USA, NA. Others such as HSBC Residential went the way of the dumpster and it's likely the same will happen with this current entity. Stay tuned as we keep you up to date with further developments by signing up for our news letter. Read more... Bank of America: Fannie Mae(FNMA) Loans to go through new ringer for HAFA Program Assistance for Homeowners 2011-07-20 22:27:20-04 Would you think that they would let the homeowner's get off easily for that long? Well it seems that Fannie is back at it again. This time at Bank of America with a whole slue of new hoops for the very tax payers keeping their doors open. In this case it seems their latest attempt to make it difficult for struggling homeowners they have instated a new HAFA qualification process that could delay the process even further by having many homeowners who had previously opted into the HAFA program to have to call back the lender to opt in again. Well in essence that sounds pretty harmless but besides the lender requesting for you to call back in and answer possibly the same questions that you answer before there is a new auditing process that the then trigger in which the homeowner has to wait now for a call back from the Fannie Mae Auditing Department at Bank of America in order to go through another gauntlet of questions before they are allowed to go ahead with the government provided help in the HAFA Program. For not biting the hand that feeds you I am surprised that any of us [...] Read more... Wells Fargo: Short Sales go through Equator… Well at least for the most part. 2011-07-28 23:48:49-04 Wells Fargo has a long standing reputation to upkeep of being the fuddy duddy of the Loss Mitigation industry. I am sure that if they could convince people to submit their short sale and loan modification packages via the old horse drawn cart they would. Well in an unprecedented leap into the 20th century, as many of you may know, they have made the leap to Equator. We'll wait till the cheering calms... Ok... OK... it's been five minutes of applause and we have to move on. This news doesn't come too soon for many weary short sale faxers (though they did have one of the most effective fax machines in the industry -- depends on the day). If you thought though that our days of faxing Wells Fargo were totally gone... Think again. Certain files will still need special handling (much like many of the other Lenders like Bank of America) including but not limited to FHA and VA loans along with other Government Programs. Though it is not clear how the HAFA files will proceed at this time they are saying that loans with pending sale dates within 10 days or less of the sale date will need [...] Read more... Fri, 29 Jul 2011 23:02:08 -0400http://archive.aweber.com/mlreport/WDvQ/h/CitiMortgage_Allowing_extended.htm Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 CitiMortgage: Allowing extended verbal authorizations – Thank you, NO MORE FAXING LOAs 2010-11-19 18:54:30-05 Starting last month CitiMortgage, a CitiGroup company, is one of the few lenders that allow the homeowners to call in and verbally authorize the lender to speak to their 3rd parties as opposed to having to submit this in writing. Most lenders allow for a 1 time verbal authorization but in many cases it may [...] Read more... FDCPA: They won’t stop calling; When can my creditors legally call me? 2010-11-19 20:25:33-05 Many of our customer's frequently get calls through out the day and complain that they never stop. Often even while a review continues on their accounts the lender will still continue to call, along with their collection activity (calls, letters, late charges, etc.)  including sending the files to foreclosure until there is a set plan [...] Read more... Fair Debt Collection Practices Act (FDCPA): What saves me from them? 2010-11-20 00:15:12-05 Lenders are known for not playing by the rules. In many cases their underhanded tactics used to collect from consumers have become against the law with the passing of the Fair Debt Collection Practices Act (FDCPA) of 1966. The FDCPA is a federal law which governs the guidelines that debt collectors for personal debts must [...] Read more... Bank of America: Steamlined Cooperative Short Sales with no Paperwork! No way… 2010-11-28 12:42:12-05 Bank of America in an effort to close more deals has designated a company, Default Servicing LLC., since September to begin contacting homeowners that were pre-qualified for the short sale process. Their new program, shrouded in part due to secrecy of how to qualify, has been initiated and Default Servicing, LLC has begun making phone [...] Read more... Chase: Phone Number Changes (Contact Information Changes) 2011-04-10 12:29:07-04 Chase, one of the mega Goliaths in the mortgage servicing industry is about to start a major renovation on their phone systems. In a conversation the other day with a representative in the Executive Office it was divulged to one of our negotiators that there were going to be some major changes in the phone system [...] Read more... Sun, 10 Apr 2011 23:01:06 -0400http://archive.aweber.com/mlreport/1_Wa3/h/News_No_Short_Sale_deficiencies.htm Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 News: No Short Sale deficiencies in California? 2010-10-31 22:39:19-04 Finally passing on September 30th the Senate Bill set to change the name of the game made it through the door. Senate Bill 931 is set to take effect on January 1, 2011. This highly anticipated law is set to disallow a seller’s first trust deed lender from obtaining a deficiency judgment against the seller [...] Read more... Bankruptcy: Can I still owe money to the IRS if my Chapter 7 Bankruptcy has been discharged? 2010-10-31 23:21:50-04 ***PLEASE NOTE THAT THIS SHOULD NOT BE CONSIDERED LEGAL ADVICE OR TAX ADVICE. EVERYONE'S SITUATION IS DIFFERENT AND SHOULD BE REVIEWED BY A PROFESSIONAL IF YOU NEED TO SPEAK TO SOMEONE PLEASE REACH OUT TO US AT 888-934-3444 TO SPEAK TO AN AGENT THAT DIRECTLY OR EMAIL US AT INFO@MLREPORT.COM*** In a simple answer. Yes. [...] Read more... HAMP: Guidelines for Multi-Unit owner occupied extend loan balance limits. 2010-11-01 11:14:58-04 We receive frequent inquiries from our readers and our clients regularly about finding assistance for their Multi-unit properties. While there are programs for non-owner occupied properties or investor properties the treasury has made sure that the HAMP, which only focuses on primary residences, takes into consideration those that do live in their Multi-unit residences. Due [...] Read more... 21st Century Mortgage: Talk about crazy short sale deals. 2010-11-18 10:55:26-05 When everyone talks about the great short sale deals I don't think they have frequented the 21st Century Mortgage area of the business. If this business has gotten any better in some places it's definitely gotten worse in others. Strange as it may seen we have come across some awkward negotiators but 21st Century Mortgage [...] Read more... HAFA: Making homes affordable HAFA Options Pamphlet 2010-11-19 14:32:13-05 The Government's alphabet soup of mortgage help programs has really set a lot of confusion amongst homeowner's, agents, and professionals alike with all the programs that they have brought to pass. HAFA, as relatively one of the newer programs, has been met with a large bit of confusion as to the terms to be expected. [...] Read more... Fri, 19 Nov 2010 23:00:47 -0500http://archive.aweber.com/mlreport/1Q9ih/h/Mortgage_Lender_Report_PNC.htm Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 PNC Bank: Short Sale Work Flow… Don’t get stuck you may never make it.- 2010-10-25 18:00:14-04 PNC Bank, not to be confused with PNC Mortgage (as if it wasn't hard enough to already deal with them), has a work flow for dealing with their short sales just like anyone else. It is always important to deal with the right people, at the right time, and and ask the right questions in [...] Read more... Chase Home Mortgage: Openers, and Negotiators, and Closers, oh MY!- 2010-10-28 00:57:06-04 Chase, like many companies in its pursuit for improving how it does business, attempted to make some changes to Loss Mitigation Workout line up. Traditionally speaking the process goes from having a simple document collector and negotiator structure to trying to break down the whole system to a Multiple Stage Process (opener, negotiator, closer, etc.). [...] Read more... Aurora Bank: Letter of Authorization to Specify Approved Callers- 2010-10-28 13:00:23-04 Aurora Loan Services - Needs specific agents name on letter of authorization - this started at the begining of OCT Aurora Loan Services or Aurora Bank, FSB, formerly of Lehman Brother has enacted new guidelines for its authorizations and what is the expected to be found on them. As of 30 days ago the letter [...] Read more... Fannie Mae: Commercial Loan Modifications …not just for Residential Markets!- 2010-10-29 00:01:33-04 Fannie Mae is always on the look out, like any servicer, for the best solutions that in the long run lose them the least amount of money. Commercial owners and owners of investment properties rarely see the benefits of these programs. Since October of 2009, a little more than a year ago this date, Fannie [...] Read more... Wells Fargo: Home Equity(HELOC) no Talk, atleast not without a Power of Attorney- 2010-10-29 15:00:59-04 As the bank's continue to beef up security it seems there is no lack of measures being put in place. No bank worse than Wells Fargo's HELOC department. Strangely enough this is not a company-wide rule. In fact the rule doesn't even extend to any of Wells Fargo's advocacy groups in the very same department. [...] Read more... Sat, 30 Oct 2010 23:02:15 -0400http://archive.aweber.com/mlreport/XiWx/h/Mortgage_Lender_Report_MHA_What.htm Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 MHA:What is the HAMP review? Frequently Asked Questions.- 2010-09-06 13:05:50-04 Many different acronyms get thrown around frequently in the business world. The banking world being... Read more... BAC Home Loans Servicing, LP: Bank of America Short Sale Information: Awaiting Valuation- 2010-09-07 10:00:34-04 While processing short sales through the Equator system, once know of REOTrans around this time... Read more... Wells Fargo: My home went REO. How fast is it going to go to be sold?- 2010-09-07 12:35:52-04 Frequently we receive phone calls from homeowners who's properties have been lost to foreclosure and... Read more... PNC Mortgage: Submit your short sales 10 days prior or its too late for a review!- 2010-10-24 19:02:25-04 In our recent discussion with PNC Mortgage, not PNC Bank, on behalf of one of the short sales we were representing it seemed that they to be tightening their belts more than anyone else. We for one seemed to think that it is strange that if the government is pushing these programs to help homeowners [...] Read more... Chase Recovery Department: Out for Blood? Well anything they can get at least.- 2010-10-24 21:40:41-04 Chase is seemingly not hurting these days as the recovery department is on a set course to collect a minimum of 70% for a full release of the deficiency balance to be released. Now to anyone paying 70K on a 100K debt is a savings of 30K (which by the way the IRS does consider [...] Read more... Sun, 24 Oct 2010 23:00:57 -0400http://archive.aweber.com/mlreport/10YyW/h/Mortgage_Lender_Report_Mortgage.htm Mortgage Lender Report - Mortgage Assistance Information Questions? Call Customer Service at 888-934-3444. 9 A.M. to 9 P.M. Pacific Standard Time. BAC Home Loans: After B of A receives the counter offer how long before I hear a response?- 2010-08-02 19:11:17-04 This is often a question that we receive from our clients and the Agents we work with. Really, it's hard to say because it all depends on whether the lender is going to counter back again on any of the terms. Until the offer is... Read more... BankUnited: We’ve lost our ability to do our own short sales! National Quick Sale picking up their slack.- 2010-08-04 00:25:24-04 BankUnited, along with becoming defunct, has ceased completing it's many of its own internal servicing procedures it has offer its investors in the past. One of the latest is that they are no longer processing short sales. In a strange turn of events BU is... Read more... HAFA: What disqualifies me from the protections under the treasury’s rules?- 2010-08-07 19:37:27-04 Something that many people lose sight of is the fact that you have to qualify... Read more... Bank of America: What do I need to know about my automatic email status notifications?- 2010-08-17 12:32:25-04 BAC Home Loans Servicing, LP., or Bank of America, wants you to know what all... Read more... MHA: Bank of America’s (and just about everyone else’s) spiel for Immanent Default.- 2010-08-18 18:12:43-04 Frequently our clients are concerned about approaching Bank of America to complete their immanent default interview, which... Read more... Wed, 18 Aug 2010 23:32:07 -0400http://archive.aweber.com/mlreport/tPcO/h/Mortgage_Lender_Report_.htm Mortgage Lender Report We do the work for you! Call us at 888-934-3444. 7 Days a Week from 9 A.M. to 9 P.M. Pacific Standard Time. Wachovia: Wells Fargo advising that if a home is in California don’t wait till the last minute.- 2010-07-25 22:06:37-04 In a recent conversation with a Wachovia representative we were advised that their rule of thumb for properties in California is to no longer postpone when within 5 business days of a foreclosure sale. They advised that there is a foreclosure law set in the... Read more... Litton Loan Servicing: The treasury says 14 days for HAFA. Make it 30.- 2010-07-26 01:21:29-04 Where many are taking it upon themselves to make things worse it is nice to see that at least one servicer isn't. Litton Loan Servicing, though known for it's terrible loan modification process, is at least taking a few steps in the right direction. The... Read more... Wachovia: ACG connects with Wells Fargo for Bulk MOD Underwriting- 2010-07-27 13:00:08-04 In a business where it can really help to know people in high places Wachovia has proven to be no different than the rest. Where in many cases homeowner's find it difficult to manage through the process loan modification process, with the now Wells Fargo owned company,... Read more... Wells Fargo: Waive your principal goodbye; for now.- 2010-07-28 02:00:48-04 In an effort to help defaulting homeowners Wells Fargo is offering their own version of FHA's Partial Claim Program. This version varies in several ways but is aimed at what Wells Fargo is referring to as a "Principal Forbearance". Now this is not like the... Read more... Bank of America: How long before they respond using Equator?- 2010-08-01 17:07:25-04 Due to our volume of business with Bank of America we frequently get asked approximately how long it takes us to process a short sale with Bank of America or BAC Home Loans Servicing, LP and, like most lenders, who have a very large volume... Read more... Sun, 01 Aug 2010 23:01:16 -0400http://archive.aweber.com/mlreport/PT1a/h/Mortgage_Lender_Report_NEWS_.htm Mortgage Lender Report We do the work for you! Call us at 888-934-3444. 7 Days a Week from 9 A.M. to 9 P.M. Pacific Standard Time. NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dropping their offers!- 2010-07-01 20:43:39-04 Anyone riding the short sale pipeline may have seen many buyers getting antsy as we came to the end of the filing period for tax payers to cash in on those home buying incentives. Well many of those last-minute buyers can wipe the sweat off... Read more... Bank of America: Stop Faxing Me Your Loan MOD Documents! Email Them.- 2010-07-02 19:51:18-04 We should set off the fire works for this one. It's almost like Bank of America is taking a few steps into the future calling out,"'90s here we come!" OK. So they are still running 20+ years behind on the times but their catching up.... Read more... HAMP: New Changes to Investor Income Valuation, Government reviews and has found clarity.- 2010-07-08 15:53:49-04 In an odd turn of events HAMPs guidelines have changed possibly this time for the better. Changes have recently taken place to help try and bring that 18% of successful workouts up a little and this time it's including Investors. Now before you jump for... Read more... Bank of America: Understanding BAC Loan Servicing LP’s acceptance of Counter Offer Terms- 2010-07-16 10:21:04-04 Realtors have told us the better they understand the counter offer process, the more successful they are in closing short sales. The following facts related to the counter offer process are critical to closing short sales in Equator. Fact #1: Your acceptance of the counter... Read more... MHA/HAMP/HAFA: Harsh rules leaving many homeowners in trouble.- 2010-07-18 21:19:23-04 Many times these programs that we deal with for our clients change for the better but there are also certain times that they change for the worse. I guess only adding insult to injury is that fact that it is our own government, supported by... Read more... Sun, 18 Jul 2010 23:01:02 -0400