Archive for July, 2011

Submitting Multiple Contracts to the Mortgage Lender – For Massachusetts or NH Short Sales (or not submitting at all!!)

July 14, 2011

The second phone call I got was from a Massachusetts agent who told me he doesn’t even submit purchase contracts to the lender, but can get an approval. WHAT?!?!? After digging a bit further, I discovered he only submitted the “offer to purchase” – His reasoning was, why should we involve the lawyers up front. I almost fell off my chair.

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Confusion about short sale fraud, flipping, flopping and the legality of it all!!

July 10, 2011

*First before I start this post my disclaimer is – I’M NOT A LAWYER SO TAKE NOTHING AS LEGAL ADVICE* now you may proceed It amazes me when I read articles, newsletters, and blogs to see the amount of confusion about short sales and the “Flip” process.  Even at the end of last year Fannie […]

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More bad news for HAFA short sale program for Massachusetts and New Hampshire Homeowners

July 7, 2011

I have made it clear I am NOT a fan of HAFA.   Since its inception it has been plagued with issues.  I have a homeowner we are currently working with in New Hampshire who really wanted to try for a HAFA short sale, so we went to work.  This short sale was serviced by Chase.  […]

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