Sentences with phrase «lien holder approval»

The guarantee does not apply if events occur beyond the control of New American Funding, including but not limited to; appraised value, escrow or title delays, 2nd lien holder approval, short sale approval, or lender conditions that can not be met by any party.

Any offer made that does not fully cover the existing amount (s) owed to the lien holders (s) plus the costs of sale could be subject to lien holder approval, which approval may be exercised at the sole and exclusive discretion of the lien holder (s).

Guarantee does not apply to events beyond the control of Xceed, including appraised value, borrower / seller / third - party delays, outside second lien holder approval, short sale approval, lender conditions that can not be met by any party, or acts of God, i.e. inclement weather.

The guarantee does not apply if events occur beyond the control of New American Funding, including but not limited to; appraised value, escrow or title delays, 2nd lien holder approval, short sale approval, or lender conditions that can not be met by any party.

Not exact matches

While I have yet to have this happen (knock on wood) I know of other Realtors who seemingly have had a situation where a 2nd lien holder has chosen to foreclose instead of granting short sale approval.

Make sure all quotes and / or approvals have the same starting figure, which is: A) The amount paid to your existing lien holder.

After we've obtained approval from the lender, what we call lien holder consent, it takes an additional 30 to 60 days to move to closing.

(Note, too, that the approval of junior lien holders may be required to restructure home loans.)

If there is more than one lien holder both will have to approve the short sale, which can complicate things further and increase the time needed for approval.

A proposed bill may soon help speed up the approval process for homeowners selling their home through short sale by requiring subordinate lien holders to review and respond to short sale requests within 45 days.

He is also a licensed California Real Estate Broker and since 2006 has performed more than 100 real estate related transactions including sales, purchases, leases, and 3rd party short sale approvals with lien holders.

While I have yet to have this happen (knock on wood) I know of other Realtors who seemingly have had a situation where a 2nd lien holder has chosen to foreclose instead of granting short sale approval.

• How to speed up your deals and streamline your short sale package for faster approval using the new «pre - determined» hardship categories • Which current HAFA documents are no longer mandatory and how this will affect your current deals • What new anti-fraud affidavit you must provide both the buyer and seller to verify the HUD1 Statement is at arm's length • The condensed approval timeline servicers, which are now required to use, and how this change benefits your business • How your ability to negotiate will change with the new increase in available incentives for subordinate lien holders • Why you might experience a surge in investor business when the «prohibition against resale» is reduced from 90 to 30 days.