MHA: Bank of America’s (and just about everyone else’s) spiel for Immanent...
Frequently our clients are concerned about approaching Bank of America to complete their immanent default interview, which happens prior to their falling behind, because they don’t know what to expect....
View ArticleMHA:What is the HAMP review? Frequently Asked Questions.
Many different acronyms get thrown around frequently in the business world. The banking world being one of the largest cogs in private sector it is no wonder confronting your mortgage company and...
View ArticleBAC Home Loans Servicing, LP: Bank of America Short Sale Information:...
While processing short sales through the Equator system, once known as REOTrans around this time last year, we received a new message notice advising that they were completing the valuation part of the...
View ArticleFannie Mae: Commercial Loan Modifications …not just for Residential Markets!
Fannie Mae is always on the look out, like any servicer, for the best solutions that in the long run lose them the least amount of money. Commercial owners and owners of investment properties rarely...
View ArticleNews: No Short Sale deficiencies in California?
Finally passing on September 30th the Senate Bill set to change the name of the game made it through the door. Senate Bill 931 is set to take effect on January 1, 2011. This highly anticipated law is...
View ArticleFDCPA: They won’t stop calling; When can my creditors legally call me?
Many of our customer’s frequently get calls through out the day and complain that they never stop. Often even while a review continues on their accounts the lender will still continue to call, along...
View ArticleFair Debt Collection Practices Act (FDCPA): What saves me from them?
Lenders are known for not playing by the rules. In many cases their underhanded tactics used to collect from consumers have become against the law with the passing of the Fair Debt Collection Practices...
View ArticleBank of America: Steamlined Cooperative Short Sales with no Paperwork! No way…
Bank of America in an effort to close more deals has designated a company, Default Servicing LLC., since September to begin contacting homeowners that were pre-qualified for the short sale process....
View ArticleWells Fargo: Short Sales go through Equator… Well at least for the most part.
Wells Fargo has a long standing reputation to upkeep of being the fuddy duddy of the Loss Mitigation industry. I am sure that if they could convince people to submit their short sale and loan...
View ArticleSB 458: What can save me from a short sale deficiecny? This does.
Senate Majority Leader Corbett came through for many homeowners in a tight pinch. Those that were worried about completing a short sale while still having a second mortgage that could come after them...
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