Tag Archive

CLOSED! North Andover Short Sale Condo with Lisa Sevajian – straight HELOC with Wells Fargo

Published on March 29, 2014 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

CLOSED! North Andover Short Sale Condo with Lisa Sevajian – straight HELOC with Wells Fargo This was actually a first for us.  We have negotiated plenty of HELOCs in second position, however, on this condo in North Andover, there was no primary mortgage.  For some reason, this loan was written as a HELOC so the […]

More HAFA Short Sale changes for homeowners in Massachusetts and New Hampshire

Published on April 3, 2012 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

In case you missed it last month, in March this year,  the Non-GSE HAFA short sale program was tweaked and updated.  Below are the more significant changes: 2nd lien holders will see a payout of $8,500 maximum $3000 moving expense is only for those homeowners who OCCUPY the home Program extended until 12-31-2012 Homeowner may […]

Why I Like and Don’t Like Negotiating Short Sales with Select Portfolio Servicing – Massachusetts

Published on March 10, 2012 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Why I Like and Don’t Like Negotiating short sales with Select Portfolio Servicing We just got another short sale approval this week from Select Portfolio Servicing, Inc.  This was for a property in Scituate, Massachusetts.  I’ve noticed the same trends each time we negotiate a short sale with SPS.  Overall, they get a two thumbs […]

BANK OF AMERICA CHANGES HAFA SHORT SALE PROCESS – Massachusetts New Hampshire

Published on December 1, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Yea!!  Bank of America is finally getting it.  I’ve made no bones about it I can’t STAND HAFA short sales, but I would never begrudge a homeowner a HAFA short sale in Massachusetts or New Hampshire if they wanted it, however, I’m NOT a fan of HAFA by any means.  Anyways, Bank of America sent […]

It’s a Short Sale People. STOP TREATING IT LIKE AN REO!!! New Hampshire Massachusetts Short Sale

Published on October 1, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

It’s been a crazy week for us.  We had three closings, a lot of scrambling, driving and then two listings came in today that we assigned out to the Realtors we work with.  (Side note: Congrats Cheryl Dwyer on Cohasset!) On occasion, we have a homeowner call us that lives in an area that we […]

Bank of America BofA Short Sale tips in Massachusetts and New Hampshire

Published on August 27, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

BOA, BofA, Bank of America…names acronyms, no matter how you say it, they are one of the biggest servicers in the country.  I mean they must be doing something right if Warren Buffet is investing so much money in them.  The problem is when you are THAT big, you have big issues.  Bank of America […]

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

Published on July 7, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

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.  […]

Back from Vaca – All is Well With Chase Short Sale – Auction Stopped in Derry, NH

Published on May 17, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Three days before I was to leave on vacation, we got a frantic call from a homeowner in Derry, NH.  They had an auction scheduled with Chase the following Wednesday (7 days later) – I put the team in motion.  Talk about anxiety, not just for me, but for the poor homeowner.  I had a […]

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