Forbearance – BEHIND the glass – A look at investors and servicers and what is happening This is part one of two of my interview with Patrick Queally on Forbearance. This section is mainly a behind the scenes look at the investor and servicer of a loan and what their responsibilities are. Maryann: Hey […]
Financed VS. Hard Money in a Short Sale There are common misconceptions regarding the terms, “Financed vs Hard Money” when purchasing a short sale in Massachusetts or any state. Please keep in mind if you’re an investor of a short sale when you are putting an offer in and you know you’re going to […]
I’m so happy to announce that we can update my previous post. We were doing a short sale negotiation with Carrington as the servicer. When we pulled title, there was a Ditech second mortgage on title that had been DISCHARGED two years earlier. We contacted Ditech to ask them if they were planning on recording […]
Massachusetts Loss Mitigation GONE WRONG! Loss Mitigation – most people don’t know really what this term means, but for those who work in Short Sales or in the default department of a bank it’s as familiar as morning coffee. I haven’t posted much this year. We were busy getting our Realtor website for Massachusetts Loss […]
Do not promise your short sale homeowners a moving incentive until we talk to them. Here’s why!
Plymouth MA #SHORTSALE APPROVED in less than 14 days! Yes! We had a short sale approved in less than 14 days from submission to approval. Keep them coming like that.
CLOSED Whitman MA Short Sale with 21st Mortgage From submission to approval 67 days!! Yes, this was a great Massachusetts short sale with a smaller servicer. Massachusetts short sales are still hot and there are still many of them. Homeowners in Massachusetts are still seeing an increased default and foreclosure rate. If you are looking […]
Short Sale Mitigation Massachusetts Short Sale Negotiator CLOSED North Andover Condo I’ve gotten away from publishing every closing. We are so busy we don’t have the time, but I need to recognize Lisa Johnson Sevajian on this sale. She really stuck with it. We were on our third buyer and finally got approval when there […]
Why are we so good at Short Sale Negotiation in Massachusetts and New Hampshire??? Because we KNOW the forms you need! Massachusetts Short Sale Difference between RMA form and UBA form for your Financials So what’s the difference between all the financial forms from your lender?!?!? This quick video will show you the two major […]
Poor valuations PLAGUE the short sale market and unfortunately there is no oversight to this.