CALHFA Short Sale Successfully Closed By Santa Maria Short Sale Agent

On March 28, 2013, in Short Sale Lenders, by Santa Maria Short Sale Agent

CALHFA Short Sale Successfully Closed By Santa Maria Short Sale Agent I recently closed a short sale with CAL HFA as the lender/servicer.  Short sales with CAL HFA are possible, though not that easy.  CAL HFA is the down payment assistance program that allows borrowers to purchase property with only a 1% down payment.  It […]

Wells Fargo & Short Sales

On June 22, 2012, in Short Sale Lenders, Short Sale Process, by Santa Maria Short Sale Agent

Well Fargo & Short Sales What is the verdict on Wells Fargo and short sales? On a scale of 1 to 10, where 10 is a short sale lender that requires no documents, assigns a negotiator immediately who gives you their direct extension and picks up the phone on Sunday afternoons, and 1 is a bank […]

Two Loans with Two Lenders: Short Sale Closed with Bank of America & Greentree Servicing

On June 13, 2012, in Santa Maria Short Sale Agents, Short Sale Lenders, Short Sale Process, by Santa Maria Short Sale Agent

Two Loans with Two Lenders:  Short Sale Closed with Bank of America & Greentree Servicing This was a pretty difficult short sale, but we got it closed. Short sales with two different lenders can be tricky and time consuming.  Often they have different or unique documentation requirements.  Some lenders, such as Greentree Servicing require that […]

Equator & Short Sales

On June 9, 2012, in Short Sale Lenders, Short Sale Process, by Santa Maria Short Sale Agent

Equator & Short Sales You are probably wondering, what is Equator and how does it affect your short sale?  Equator is a web based computer portal/platform that allows your short sale agent to communicate and process your short sale in an efficient and secure fashion across the web.  Most of the major lenders, including Bank […]

5 Fun Facts About Fannie Mae Short Sales

On May 27, 2012, in Santa Maria Short Sale Agents, Short Sale Lenders, by Santa Maria Short Sale Agent

5 Fun Facts About Fannie Mae Short Sales Is there anything fun about short sales?  Well probably not a lot.  But certainly, they are more fun when they are approved quickly.  Some of my favorite short sales have been on Fannie Mae loans.  I’ve had a Fannie Mae streamlined short sale with Bank of America […]

Two Lenders – Bank of America and GMAC – Another Successfully Closed Short Sale!

On April 22, 2012, in Santa Maria Short Sale Agents, Short Sale Lenders, by Santa Maria Short Sale Agent

Two Lenders – Bank of America and GMAC – Another Successfully Closed Short Sale! This BofA and GMAC short sale took about 67 days for short sale approval.  It could have been a lot quicker but there were a few bumps in the road.  The first loan was owned by Freddie Mac.  I tried to […]

Is Bank of America Still Terrible at Short Sales?

On December 4, 2011, in Santa Maria Short Sale Agents, Short Sale Lenders, by Santa Maria Short Sale Agent

Is Bank of America Still Terrible at Short Sales?I would have to reluctantly say no.  Bank of America is no longer terrible at short sales.  This coming year will mark four years since my first Bank of America short sale, and as critical as I am of Bank of America, I must admit they they […]

Two Loans with Bank of America and Short Sale Approval Received in 37 Days!

On May 11, 2011, in Short Sale Approval, Short Sale Lenders, by Santa Maria Short Sale Agent

Two Loans with Bank of America and Short Sale Approval Received in 37 Days!  I have another short sale success story to report.  Just last month, I received short sale approval on a file, with two Bank of America loans, only 37 days after the offer was presented via the Equator system. So, the fact […]

Two Loans with Two Lenders: Short Sale Approval Received in 41 Days!

On April 17, 2011, in Short Sale Approval, Short Sale Lenders, by Santa Maria Short Sale Agent

Two Loans with Two Lenders: Short Sale Approval Received in 41 Days! I have another short sale success story to report.  I just closed a short sale that was fully approved by both short sale lenders, Select Portfolio Servicing (SPS) and Specialized Loan Servicing (SLS), within 41 days of submitting the short sale application.  Working […]

Short Sale Approval Received in 26 Days from Well Fargo Home Mortgage!

On April 7, 2011, in Short Sale Approval, Short Sale Lenders, by Santa Maria Short Sale Agent

Short Sale Approval Received in 26 Days from Well Fargo Home Mortgage! I just received short sale approval from Wells Fargo in 26 days!  It was a total of twenty six days from when the short sale application was submitted to the lender until I received the short sale approval letter in my email box.  […]

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