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cinthia
20 Posts |
 Posted - 02/27/2008 : 10:38:43 AM
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Does anybody know about short refinances and which lender is doing it?
Thanks for your help,
Cinthia |
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slants
4274 Posts |
Posted - 02/27/2008 : 10:47:57 AM
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| The consideration in a short payoff is not which lender will do the new loan (borrower will qualify according to guidelines), but whether the exiting lender will agree to a shortpay. |
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cinthia
20 Posts |
Posted - 02/27/2008 : 11:12:10 AM
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This is what I have:
1st. loan balance 525,000
2nd. loan balance 85,000
PPP 10,000
FMV 425,000 approx.
They are 2 months behind. Obviously their credit history is not good anymore but since FHA is not score driven and I believe their DTI will be at 45 % approx.do you think there is any hope for them?
Honestly I believe they are going to lose their house, but before I tell them that they may have to face the Short Sale process I wanted to make sure there is nothing else I can do for them to help them keep their house.
Cinthia |
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hlawler
143 Posts |
Posted - 03/12/2008 : 8:39:00 PM
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Hi Cinthia,
I can help you with your Short Refinance. Please check out my website at
Affinity-Financial.com
Heidi |
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jordanb
370 Posts |
Posted - 03/12/2008 : 8:45:38 PM
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-Hello Cynthia
Please send me your email address so I can forward you some info.
Thanks,
Jordan |
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slants
4274 Posts |
Posted - 03/13/2008 : 02:37:21 AM
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quote:
Originally posted by Erv
quote:
Originally posted by slants
The consideration in a short payoff is not which lender will do the new loan (borrower will qualify according to guidelines), but whether the exiting lender will agree to a shortpay.
Slants, You missed it again!
Cinthia was asking which lenders are granting loans NOT which ones are taking discounts on Refies.
Ah, no. You continue to fail to comprehend plain English and basic mortgage concepts. I said: "The consideration in a short payoff is not which lender will do the new loan (borrower will qualify according to guidelines)..." Lenders will do a short refi IF you can get a short payoff. You display your ignorance with everything you post. Just shocking that you think continuing these posts will get anyone to refer their clients for you to mangle. |
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Mandyvilla
3395 Posts |
Posted - 03/13/2008 : 04:52:40 AM
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Cinthia - I am not a fan of private email solicitations and I imagine your post is going to draw quite a few. Quite simply, if the person is not willing to post to the forum what they have to say, there could be a reason.
Use the advice you receive here, but also research anyone soliciting your business on an internet forum. Everywhere has a few snakes in the grass, as well as stars that shine. Becareful you don't pick up the vermin. (NOTE: THIS IS NOT DIRECTED AT ANY OF THE POSTERS ON THIS THREAD, BUT ADVICE TO SOMEONE SEEKING HELP. THE ONES THAT CONTACT YOU "PRIVATELY" should be scrutinized or discarded. If they are not publicly posting, I would be suspicious).
And, it actually may be a wicked thread. Post to the group: Should I trust ________________? |
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ezpro
17 Posts |
Posted - 07/02/2008 : 2:29:13 PM
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| heidi, do you lend in FLorida and do you have a wholesale dept |
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jlopez12
2 Posts |
Posted - 08/31/2008 : 2:14:14 PM
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quote:
Originally posted by cinthia
Does anybody know about short refinances and which lender is doing it?
Thanks for your help,
Cinthia
Short Refinance
Many more lenders are accepting Short refiance. We are provding a free prequalification to all our customers. They will pay everything we deliver at closing no upfront fees. From the day we get the file we will start the process. No holding the file we have the staff and the experince to get this done As soon as possible. Visit our website at www.nvdnetwork.com Every file that we receives gets a tracking number. Good Luck if you have any questions please feel free to contact me at 1-866-570-4040
Loan Modification
Many loan modification you can tell right from the beggining if it can be done or not. Gain with this product we will let you know immediately if it can be done or not. www.nvdnetwork.com 1866-570-4040
Short Sale
Once we receive the file we will work on it from the day we receive it . And if there is anything missing in the file we will contact you immedialtely. We understand that closing the files its very important. We dont waste time we make it happen. www.nvdnetwork.com 1866-570-4040
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hlawler
143 Posts |
Posted - 08/31/2008 : 3:00:27 PM
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www.nvdnetwork.com 1866-570-40
What states do you do business in? We have had some requests for New York and Pennsylvania, but we are not licensed in those states.
[/quote] |
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jlopez12
2 Posts |
Posted - 08/31/2008 : 3:13:33 PM
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quote:
Originally posted by hlawler
www.nvdnetwork.com 1866-570-40
What states do you do business in? We have had some requests for New York and Pennsylvania, but we are not licensed in those states.
We are good for those states. We can originate mostly in all the east coast and the files that we are not licensed we have a federally chartered outlet we use.
www.nvdnetwork.com
If you have anyquestions please feel free to contact me at 1866-570-4040
[/quote] |
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apostle007
319 Posts |
Posted - 09/01/2008 : 12:01:49 PM
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we do foreclosure bailouts send me a email or call thankds happy labor day
Greetings ,
We can possibly help, we are hard money investors in Colorado. We have been doing hard money
for 19 years ,and we are direct to the check writers 95% of the time ,and 3 hedge funds. Below is some of the things we do Hard money residential and commercial,land ,international,and domestic all 50
states, oil, and oil exploration , diamonds,gold ,film and entertainment finance,mines,a&d, foreclosure
bailout, rehab,credit restoration, debt consolidation, construction . No upfront fees other than appraisal if needed, we only need an executive summary to decide if its a project we are interested in. As always brokers are always protected ! Ncnd & fee agreements readily available. Please e-mail or call
with your scenario.
Thank you for your time,
Tom minovich
Financial Alternatives
719.277,6696
719.277.6697 fx.
financialalternatives@hotmail.com
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newvisiondirect
4 Posts |
Posted - 10/10/2008 : 9:03:53 PM
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It has only been a couple of weeks that has passed and more banks are accepting short pay offs.(Short Refinance) The New refi boom is here.I know there are many ex-mortgage Loan officers who left the business to do other things. And unfortunately this industry is not the same. But all I can say you guys better come back soon. We have a job to do now. Banks are accepting the short pay off. The customers need our help. Lets put a balance to this mess. www.nvdnetwork.com Lets make it happen. Lets be part of the solution now. There are many different products we can use to help this industry. Short sale and bankruptcy should be our last alternative. Loan modification is for our customers who can't get any end financing. Short refinance brings balance but its not for everyone.
Again I repeat lets make it happen guys !!!GOOD LUCK !!!!!
newvisiondirect@aol.com
www.nvdnetwork.com
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StevieV22
51 Posts |
Posted - 10/11/2008 : 09:32:10 AM
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| What do you guys charge to complete a short payoff? |
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ritabradley01
3150 Posts |
Posted - 10/11/2008 : 09:51:34 AM
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| Wow, I can't wait for all the appraisal work to come in. |
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newvisiondirect
4 Posts |
Posted - 10/11/2008 : 11:10:19 AM
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The only states we charge anything upfront is in NY, NJ, CT, and there is a $750 application fee to our attorneys. In all the other states we charge $500.00 to release the pay-off to continue with the new mortgage.
www.nvdnetwork.com
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hlawler
143 Posts |
Posted - 10/11/2008 : 12:21:28 PM
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quote:
Originally posted by ezpro
heidi, do you lend in FLorida and do you have a wholesale dept
We do lend in Florida and we do not have a wholesale dept. www.short-refinance.com
We also lend in California, Michigan, and Virginia. |
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