AHMOI Home Mortgage Servicing frequently asked SHORT SALE & FORECLOSURE questions in Mississippi
What are some AHMOI Home Mortgage Servicing foreclosure alternatives?
I am upside down on my mortgage with AHMOI Home Mortgage Servicing, what should I do?
What is a AHMOI Home Mortgage Servicing short sale?
AHMOI Home Mortgage Servicing denied my loan modification, what's next?
What is the AHMOI Home Mortgage Servicing short sale process?
How do I choose a AHMOI Home Mortgage Servicing short sale company?
How do I qualify for a short sale with AHMOI Home Mortgage Servicing?
Where do I find a AHMOI Home Mortgage Servicing short sale expert?
How do I hire a AHMOI Home Mortgage Servicing short sale REALTOR?
How to find short sale agents who work with AHMOI Home Mortgage Servicing?
What are the documents required for a AHMOI Home Mortgage Servicing short sale?
How do I write a AHMOI Home Mortgage Servicing hardship letter?
What are some AHMOI Home Mortgage Servicing FORECLOSURE ALTERNATIVES?
If you are wanting to avoid foreclosure with AHMOI Home Mortgage Servicing in Mississippi, consider a short sale. AHMOI Home Mortgage Servicing has alternatives to a foreclosure. With record high defaults (foreclosures), a great solution is a AHMOI Home Mortgage Servicing approved short sales. There are a large number of people behind on their mortgage payments and upside down on their home that want to avoid foreclosure. Banks are allowing you to sell your home for less than what is owed. If you want to stop your home from going into foreclosure in Mississippi, a short sale may be the right solution for you. We provide this service at absoletely no cost to you and have great working relationships with AHMOI Home Mortgage Servicing to help you in your time of need.
I AM upside down on MY mortgage with AHMOI Home Mortgage Servicing, WHAT SHOULD I DO?
If you upside down on your AHMOI Home Mortgage Servicing mortgage, there are options to avoid foreclosure in Mississippi. There are many options to either avoid a foreclosure or make your mortgage payment even more affordable. To avoid having a AHMOI Home Mortgage Servicing foreclosure, one of the best options you might have would be performing what is called a short sale.
What is a AHMOI Home Mortgage Servicing Short Sale?
Banks such as AHMOI Home Mortgage Servicing are not wanting to absorb the cost of a foreclosure in Mississippi. Foreclosures are very expensive and time consuming. Banks will typically work with home owners in hardship and allow you to perform a short sale. Our company specializes in helping homeowners working out a short sale solution with AHMOI Home Mortgage Servicing.
AHMOI Home Mortgage Servicing Denied MY Loan Modification, whats next?
Knowing exactly what a short sale is will help you have a better understanding. We work with AHMOI Home Mortgage Servicing to negotiate a short sale for you. Our team of Short Sale Experts in Mississippi have a great realationship with AHMOI Home Mortgage Servicing and show that your home is worth much less than owed, and to avoid the hassels and expenses of foreclosing, we can negotiate a short sale.
What is the AHMOI Home Mortgage Servicing short sale process?
- The lender acknowledges receipt of the file. (This can take 10 to 30 days.)
- A negotiator is assigned. (This can take 30 to 60 days.)
- A Brokers Price Option (BPO) is ordered. (This can take 10 to 15 days.)
- A second negotiator could be assigned. (This can take another 30 days.)
- The file is sent for review or to the PSA. (This can take 15 to 30 days.)
- The bank might request that all parties sign an Arm's-Length Affidavit.(Typically nortorized)
- The bank issues a short sale approval letter.
- Close the sale of your short sale
HOW TO CHOOSE A AHMOI Home Mortgage Servicing Short Sale Company
When your loan modification is denied by AHMOI Home Mortgage Servicing, you are an ideal canidate for getting the lender to approve you for a short sale. Lenders attempt to work with home owners to save their homes, but when you are denied a loan modification by AHMOI Home Mortgage Servicing, they will allow you to short sale 99% of the time. Call us, we will give you other options.
How to Qualify for a Short Sale with AHMOI Home Mortgage Servicing
There are many reasons a AHMOI Home Mortgage Servicing will allow you to sell your home for less than owed. Any of these situations may qualify you for a short sale. (Note: these are most of them)
- Job loss or unemployment
- Relocation or involuntary job transfer
- Loss of income
- Decrease in working hours
- Medical expenses
- Major repairs on existing home
- Divorce
- Increased living expenses
- Death of borrower
- Short term or permanent disability
- Death of spouse or family member
- Business failure
- Vacant investment properties
- Bankruptcy
where do i FIND A AHMOI Home Mortgage Servicing short sale expert
AHMOI Home Mortgage Servicing foreclosure vs short sale in Mississippi. It could be the right solution for you. The lender short sale process in Mississippi can be a long and tedious task and negotiations could take months to complete. We strive to shorten this transaction timeline as a company by utilizing our relationships with AHMOI Home Mortgage Servicing.
HOW TO HIRE a AHMOI Home Mortgage Servicing short sale realtor?
Have a Professional AHMOI Home Mortgage Servicing Short Sale Realtor in Mississippi working for you. Our Short Sale Realtors are the top short sale Realtors to facilitate a effortless and smooth short sale. We are the AHMOI Home Mortgage Servicing Short Sale Experts in Mississippi. We have proven track record and can negotiate a short sale from beginning to end.
HOW TO FIND Short Sale agents WHO WORK WITH AHMOI Home Mortgage Servicing in Mississippi?
We don't just want you to work with any Real Estate Agent, we want you to work with a Short Sale Realtor that is a short sale specialist in Mississippi. What is the difference between a short sale agent and a short sale Realtor who specialize in working with AHMOI Home Mortgage Servicing? They both have to be licensed by the Department of Real Estate and follow the real estate laws. They both specialize in facilitating with short sale transactions and negotiations. The main difference is that a real estate agent is a REALTOR when he or she is a member of the National Association of Realtors. A AHMOI Home Mortgage Servicing specialized Realtor in Mississippi has to abide by a stricter Code of Ethics and Standards of Practice.
Hire a local Mississippi AHMOI Home Mortgage Servicing short sale expert to sell your home. Not all short sales are successful because every lender and situation is different. A short sale expert can examine your circumstances and be very knowledgeable of your options.
WHAT ARE THE documentS requireD for a AHMOI Home Mortgage Servicing short sale in Mississippi?
When qualifing for a AHMOI Home Mortgage Servicing short sale, most banks will require the following documentation to approve your short sale in .
- Recent Mortgage Statement
- 2 most recent months of paycheck stubs (if employed)
- 2 most recent months bank statements
- 2 most recent years W2's
- 2 most recent years Tax Returns
- Property Tax Bill (If it is not included in the mortgage)
- Property Insurance Bill/ Statement (if it is not included in the mortgage)
- Homeowners Assoc. Bill (If you have a Homeowners Association)
- Sellers hardship letter
- Complete financial statement
- Letter of authorization (which lets your short sale agent speak to the bank)
- HUD-1 or Preliminary Net Sheet
- Comparative Market Analysis or list of recent comparable sales
How do i write a AHMOI Home Mortgage Servicing hardship letter?
The AHMOI Home Mortgage Servicing hardship letter only needs to be about a page long typed out explaining your situation and how your circumstances have changed. The lenders want to know why you are not able to make your mortgage payments. Contat us today for a break down on how to write a proper AHMOI Home Mortgage Servicing hardship letter.
some history about AHMOI Home Mortgage Servicing
American Home Mortgage Servicing Inc. (AHMSI)is based in Coppell, Texas, with servicing operations in Irvine, Calif., Jacksonville, Fla., and Pune, India. AHMSI is funded by Wilbur Ross & Co. LLC., a private equity firm based in New York, and holds membership in the Mortgage Bankers Association and the HOPE NOW Alliance. They provide services to homeowners and loan investors managing portfolios, customers with traditional loans, subprime, and Alt A loans to service their needs. AHMSI was established in 2008 and brought together by two mortgage loan servicer platforms and is one of the largest servicers of Alt-A and subprime loans. They comply mortgage-lending laws such as the Fair Debt Practices Collection Act, the Real Estate Settlement Procedures Act, the Truth-in-Lending Act, the Fair Credit Reporting Act, the Fair Housing Act and the Equal Credit Opportunity Act.
