Mortgage servicers bypass foreclosure delays with more short sales

Values have increased 3.1 percent since bottoming out in March, though more than a quarter of. the distressed share of the market — foreclosures and short sales, in which the lender agrees to a.

A national mortgage servicing. to consumers short sale requests despite telling them it would respond much more quickly. These delays caused consumers to lose potential buyers, miss other loss.

Many short sale agents have noted that the prices of Fannie Mae short sales and REOs seem to be slightly higher than market value. In fact, even savvy short sale negotiators sometimes have problems with valuation disputes on Fannie Mae short sales. According to the Internet buzz, Fannie Mae would prefer foreclosure over short sale.

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After failing to adhere to at least two separate sets of servicing guidelines since 2010, lenders are preparing for more than 300 rules that take effect next month on loan modifications, fees,

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New CFPB Mortgage Servicing and Loss Mitigation Rules to Take Effect in 2017 and 2018; New FDCPA Safe Harbor CFPB White Paper May Signal More to Come from CFPB on Loss Mitigation

Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year, but here’s another potent foreclosure alternative that’s about to take center stage:.

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That gives borrowers a legal forum to demand proof that lenders have the right to foreclose, or to argue for mortgage modifications. and home to more foreclosure filings per household than any city.

One in five U.S. homes in foreclosure, or 141,406, are zombies, it says. Andrew Frank, of Long & Foster Real Estate in Blue Bell, said he’s been told many zombies rose from the "robo-signing" era of.

Large mortgage loan servicers often illegally delay & deny modification & other loss mitigation / mortgage relief attempts. In this video, attorney Jason McGrath discusses some of these issues. We.

Green Tree mortgage servicing company will pay $63 million to settle federal charges that it harmed. to respond to consumers’ short sale requests despite telling them it would respond much more.

Short Sales in Real Estate: Everything You Need to Know Mortgage servicers vary widely in how quickly they process short sales and deeds-in-lieu-of-foreclosure deals. In many instances, mortgage servicer delays scuttle deals. under HAMP cost the.