Category Archives: Bank Updates on Short Sales

The New Government Short Sale Program (HAFA) – Will it Work?

By Kurt Wannebo | Published: March 17, 2010
I have been getting a lot of questions from homeowners about this new HAFA government program, as well as some from the real estate agents I teach in my short sale seminars. The program is a government initialed program that spells out guidelines for servicers of loans (banks) to tell them how to handle a [...]
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Chase Bank Short Sales – Why I will NEVER use Chase Bank EVER!

By Kurt Wannebo | Published: February 24, 2010
               I am now starting to get national recognition for my blogs about banks, I thought I would share to my national audience some information about Chase banks and how they operate within the world of short sales from all of my experience of dealing with them and the hundreds of files I have completed [...]
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New Realtor.com App

By Kurt Wannebo | Published: February 20, 2010
If you are looking to buy a home at this time and have an iPhone you definately need to check out this app. I was fiddling around with it and think it’s really handy. Posted via email from Short Sale in San Diego Share:
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Citi Mortgage Deed In Lieu Program

By Kurt Wannebo | Published: February 16, 2010
CitiMortgage is offering a new program for homeowners who might not want go through the process of a short sale. The first problem is that this still affects the borrower’s credit the same as a foreclosure. So people who want to maintain their credit with the process of a short sale, will not be able [...]
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Why Should Hire Me as Your Short Sale Agent?

By Kurt Wannebo | Published: January 11, 2010
I went to the DMV today. When I arrived there were 145 people in line (I counted on the way out). I bypassed the line and went straight the front and asked where do I go if I have an appointment? I was directed to window 20, which I went to and there was no [...]
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New Government Short Sale Program – Home Affordable Foreclosure Alternatives HAFA

By Kurt Wannebo | Published: December 14, 2009
What is this exactly? Well the government initially announced forthcoming plans and guidelines back in May 2009, which was a bit premature, to coincide with the loan modification program put into place (HAMP). Since then nothing had been mentioned until Nov 30, 2009. On this date guidelines were released for servicers to follow if they [...]
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Citi Mortgage and their Recovery Department.

By Kurt Wannebo | Published: November 2, 2009
I have worked with Citi Mortgage on short sales for over 4 years now, and I have always considered them to be one of the best banks to work with in regards to short sales. They have a fairly quick turn around time (ave. 40 days), they have a decent loss mitigation system in place [...]
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What a Seller Should Know About BofA (Countrywide) Short Sales PART 2

By Kurt Wannebo | Published: September 24, 2009
   Alright so I am ready to state how my client was able to get this verbiage removed from the BofA short sale approval letter. Remember I have talked to numerous attorneys about this subject and hundreds of real estate agents across the country and this was the first instance of a victory that I [...]
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What A Seller Should Know about BofA (Countrywide) Short Sales.

By Kurt Wannebo | Published: September 3, 2009
I have been doing short sales for over 4 and a half years now. Throughout that time I have handled my share of Countrywide files, with success of getting them approved and closed. To date I have now closed close to 200 short sale properties, with over half of those having second liens, that is about [...]
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What Sellers Should Know about Agents Using 3rd Party Negotiators

By admin | Published: August 27, 2009
  For years many real estate agents avoided shorts sales like the plague due the difficult nature, complexity, and lowered commissions involved. But now, many are trying to do them because they cannot make a living without them in today’s San Diego real estate market. Some agents have found an even easier way to make money [...]
Posted in Bank Updates on Short Sales | 4 Comments