Sentences with phrase «short sale requests»

The «Prompt Decision for Qualification for Short Sale Act of 2011» would impose a deadline of 45 days on lenders to respond to short sale requests.

And are banks typically granting short sale requests in that situation?

The bill, introduced in the U.S. House yesterday and strongly supported by the National Association of Realtors ®, would impose a deadline of 45 days on lenders to respond to short sale requests.

The National Association of Realtors ® applauds the Federal Housing Finance Agency for issuing new guidance requiring servicers of Fannie Mae and Freddie Mac loans to speed responses to short sale requests.

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.

Just wanting to walk away and get a less expensive home is not a reason to do a short sale and most likely the lender will deny the short sale request.

We were told that this was a requirement for them to take our short sale request seriously.

In desperation I contacted one of BofA's customer relations departments and after several hours of phone calls we got the foreclosure department to postpone the trustee sale date for 30 days to allow their short sale department time to process the short sale request.

(MCT)-- QUESTION: Although I have a financial hardship, my lender recently turned down my short sale request because I was not 45 days late on the payment.

It's not uncommon for lenders to go after money that the sellers have in the bank or in a retirement account before they approve a short sale request.

Not exact matches

By enlisting a host of tactics to delay the foreclosure process, like filing bankruptcy, pushing back short sale dates and hitting lenders with requests for more documentation, consumers are able to further delay the inevitable.

These options are available for homeowners who: 1) do not qualify for a trial mortgage modification under HAMP; 2) do not successfully complete the trial period for a modification; 3) miss at least two consecutive payments during a modification; or 4) request a short sale or deed - in - lieu.

If you were denied home loan assistance (such as a request for a loan modification, short sale or deed in lieu), you may be able to dispute the decision.

It's also a good idea to line up a buyer before approaching the bank to request a short sale.

Strike One — Loan Servicing: Green Tree misrepresented that customers had to make additional payments to be eligible for a loan modification; failed to honor loan modifications from previous loan servicers; and misrepresented the time it would take to respond to a request for a short sale, causing people to fall into delinquency or even foreclosure.

The request for variance is used to get a lender to accept something less than what they are required to accept under the guidelines of the HAFA short sale program based on the appraisal they have.

As someone who deals exclusively in short sale transactions, I always request (in writing) that the lender forgive the right to pursue any deficiency or unpaid debt against the homeowner.

The listing agent did submit the offer to the lender and used what is called a request for variance under the HAFA short sale program.

Therefore, when you call the bank to request the short sales packet, you can either tell them you are the buyer or you represent the homeowner.

Additionally, a seller can not request a short sale if he's filed bankruptcy.

The most common request is loan modification review, but mediation can be used to explore options for a short sale, relocation incentives, loan modification appeals, Deed in Lieu of Foreclosure, Cash for Keys and other tailored options.

You must provide all documentation requested as soon as possible if a short sale has been approved

Their only hope for avoiding foreclosure was to request that their lenders approve a short sale.

The buyer's agent should have also known this and should have requested the Seller's agent to submit another short sale package to junior lender.

Hi, thanks for requesting a short sale agent referral.

Short sales are sold «as is» and requests for repairs to be made by the seller will likely not be approved as the seller is already in an unfortunate financial situation.

Requested documents from real estate agents as needed for banks, reviewed documents for accuracy and submitted to loan servicers for expedition of short sale approval

Reviewed, corrected and organized short sale documents prior to submitting to banks as requested to ensure proper short sale approval

Duties will include: • Using sales, business development, marketing techniques and networking in order to attract business from client companies; • Building relationships with clients; • Developing a good understanding of client companies, their industry, what they do and their work culture and environment; • Advertising vacancies appropriately by drafting and placing adverts in a wide range of media; • Headhunting - identifying and approaching suitable candidates; • Completing a search of the candidate database to find the right person for the employer's vacancy; • Receiving and reviewing applications, managing interviews and short - listing candidates; • Requesting references and checking the suitability of applicants before submitting their details to the employer; • Briefing the candidate about the responsibilities, salary and benefits of the job in question; • Preparing CV's and correspondence to forward to clients in respect of suitable applicants; • Organising interviews for candidates as requested by the client; • Informing candidates about the results of their interviews; • Negotiating pay and salary rates and finalising arrangements between clients and candidates; • Offering advice to both clients and candidates on pay rates, training and career progression; • Reviewing recruitment policies to ensure effectiveness of selection techniques and recruitment programmes.

Advise the borrower of the final decision within 60 days after receipt of a short sale offer and a complete borrower request.

• Servicers are now required to communicate approval, disapproval, or a counter offer no later than 30 calendar days after receiving an (i) executed sales contract, (ii) Alternative Request for Approval of Short Sale, and (iii) a signed Hardship Affidavit.

• If an unsolicited borrower requests HAFA, the servicer has 30 calendar days to determine the borrower's eligibility and, if eligible, send the borrower the Short Sale Agreement.

Review and respond to borrower requests for short sales within 30 days after receipt of a short sale offer and a complete borrower request.

NAR supported the CFPB's proposals for requiring early intervention by servicers to help delinquent borrowers, the development of a single point of contact for borrowers requesting a loan modification or short sale, and firm deadlines for accurate payoff balance information.

You also have to submit your request to do a short sale without an offer.

The bank turned down our request for a loan modification, so we have no choice but to do a short sale.

As someone who deals exclusively in short sale transactions, I always request (in writing) that the lender forgive the right to pursue any deficiency or unpaid debt against the homeowner.

Request FREE industry reports and Melbourne Foreclosure Lists and Melbourne Short Sale Lists for your area.

They also must consider requests for pre-approved short sales within that same timeframe.

Urgent requests, such as a foreclosure postponement, should be directed to Short Sale Customer / Agent Care at 866.880.1232.

Last October 2008, I received a request for information about short sales.

?????????????????? You either do not qualify for HAMP, have not successfully completed the HAMP trial period, you are delinquent on a HAMP modification, or you simply request a short sale.

The most frequent obstacles cited included slow response time by lenders to a short sale package (about 67 percent said it took more than 60 days for lenders to return a written response for approving or disapproving a short sale agreement), poor communication with lender representatives (43 percent said it took the lender more than five days to return any form of communication), and repeated requests for documentation.

Homeowners who are eligible for the governments Home Affordable Modification Program (HAMP) but don't qualify for a loan modification, miss at least two payments on a modification, or who request a short sale may qualify for a HAFA short sale.