The PartnerFirst Active Rain Blog

Today I had the privilege of attending a local Wells Fargo short sale seminar in my area (Rancho Cucamonga, CA). The presenter was Abel Fregoso, who is the Regional Vice President of REO and Short Sales for Wells Fargo. He has 25+ years in the mortgage industry and is a pleasure to listen to. I w...

Can it be? Bank of America has a new approval letter? Actually, it is only a change in verbiage. But, this change is monumental and noteworthy. In the past, BofA reserved their right to pursue the borrower/s for the deficiency when applicable. That language scared off many homeowners and real est...

Let the games begin! The HAFA rejection monster has reared his ugly head. In this email thread, one of our PSC's has shared an email thread where a second mortgage serviced by BofA with MI has rejected the HAFA short sale requirements and sited that they are not participating in general with HAFA...