Author Archives: Moe Bedard
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Forecast: Unstable housing market until ’18
(Source: By Jeff Collins The Orange County Register, Calif.) – Gary Watts is the broker for Impact Real Estate in Mission Viejo as well as a market prognosticator with the Orange County Association of Realtors. He’s our 15th guest for … Continue reading
Christopher Fox & Curtis Melone of Green Credit in Jail With $500,000 Bail
Warrants: Melone, Curtis James DOB: 08/12/1974 Sex: Male Race: White Height: 5′ 08″ Weight: 165 Hair: Brown Eye: Brown Type of Warrant: Warrant of Arrest Court of Issue: … Continue reading
How long does it take for a Citi Mortgage shot sale approval or denial?
Freddie Mac 2011 Mortgage Servicing Guidelines PDF
I found this really interesting… and I imagine it applies to Fannie Mae loans too… http://www.freddiemac.com/service/fa…_alignment.pdf It gives some insight into frequency of phone calls (at least every 3rd day thruout FC process), why/how phone calls can stop, and how … Continue reading
Strategic Default TV: Another homeowner walks away in Arizona
Yep after a year of contemplating we are gonna walk. Thanks to this board we had a ton of info but I still consulted with a lawyer last Friday peace of mind and to get clarification on the gray tax … Continue reading
Loan modification denied by lender because of liquid assets
After three months of faxing 300 pages of requested documents to BOA, they let me know today that the underwriter denied me due to having liquis assetts over $25,000.00 I had these assetts when i applied. Seems they could have … Continue reading
Can the bank take my savings in a short sale?
The mortgage is $1500/mo, $192,000 mortgage balance and fair market value is $129,000. My mom does not want to stay in the house… My mom also has about $60,000 in savings. The mortgage payment is definitely more than 31% of … Continue reading
HARP Refinance With Mortgage Insurance
You still must meet the basic criteria which is: Loan must have been purchased by Fannie/Freddie before May 31st, 2009 – Remember just because you’re making your mortgage payments to Bank of America that doesnt mean you don’t have Fannie/Freddie … Continue reading
How can I get a short payoff from my mortgage lender before my balloon payment is due?
Question: I am trying to get a loan modification and was denied because I was not a risk to foreclosure. I purchased with a this house with construction to permanent mortgage in 2006. In 2010, the loan went to “permanent” … Continue reading
