Tag Archive

The Drive By BPO – in Massachusetts and New Hampshire Short Sales

Published on January 4, 2012 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

The Drive By… There are certain buzz words in short sales that make me cringe. DRIVE BY BPO happens to one of those phrases. I called into SPS (Select Portfolio Services) last week. We are working on a property that is extremely time sensitive as there is an auction date in January. When I spoke […]

Should homeowners participate in a HAFA short sale in Massachusetts or New Hampshire?

Published on October 8, 2010 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

SECOND lenders do not have to participate in the HAFA program so even though it’s Chase or Wells or whoever the second lender is and they independently participate in the HAFA program as a second lender on the property they do not have to comply with the HAFA program. The agent’s going into these short sales didn’t realize that. Not only were the agent’s furious about the homeowners, the lenders in both cases CUT the commission to get an approval. Imagine that? A short sale lender cutting an agent’s commission? Well THERE’S something you don’t see every day right? WRONG!!

What are your RISKS in a Massachusetts or New Hampshire Short Sale

Published on October 6, 2010 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Homeowner should know the risks of a potential “traditional” short sale. There is a new type of short sale called a HAFA short sale that has other risks all together, so for today, our focus is the traditional short sale.

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