Cathy McDaniel               Email:Cathy@cathymcdaniel.com | www.classeswithcathymcdaniel.com


Short Sale Tools

Welcome to Your Resource Page


All printed material is for educational purpose only and is not a substitution in legal, accounting or other professional services.

If you do decide to click on any of the education material links listed below, you are helping support the many hours I gladly spend in researching and writing about products and services that benefit you. 

Y
our visit to my site today is very much appreciated. My  deepest desire is that you can find information that you feel is relevant to what you are looking for and in some way, I have added value to your life and the services that you provide in your real estate business model.  Thank you for the time you spend with me in education which is very much appreciated and supporting, preserving and protecting homeownership. 

For questions, ideas or information contribution to any book, please contact:  Email: cathy@cathymcdaniel.com

Cathy McDaniel

Click here to download "Homeowner's Budget Form" 

Recent News!

Mortgage Forgiveness Debt Relief Act
There seems to be some uncertainty surrounding whether Congress will again extend the Mortgage Forgiveness Debt Relief Act (H.R. 3648), as it did last year when it extended the Act until the end of this calendar year

The Mortgage Forgiveness Debt Relief Act allows you to avoid paying federal income taxes on canceled debt on your primary home, but only if that debt was used to buy or improve that home.

If you qualify under the provisions of the law, your short sale, deed-in-lieu or negotiating a loan modification with your lender that waives the repayment of a loan balance must be agreed to and concluded by the end of 2013. If your closing happens in 2014, you run the risk of closing after the law expires which will mean homeowners may also end up with a substantial tax liability. 

Being a tax issue, you would be well advised to consult with a CPA or tax accountant before making any decisions… the question of whether you would, will or won’t have a tax liability depends on things like the state in which you’re living, the specific type of debt, whether it’s your primary residence or a rental, even what you used the money for, as in for a vacation or the addition of a sun room.

P.S.  For more information on the how mortgage debt forgiveness is treated under the Internal Revenue Code, click here for the page of IRS site that addresses the topic:  The Mortgage Forgiveness Debt Relief Act and Debt Cancellation.

Link for The Forgiveness Debt Relief Act and Debt Cancellation

Click here to view: IRS Publication 4681 "Canceled Debts, Foreclosures, Repossessions, and Abandonments"
IRS Publication 4681 Canceled Debts,.pdf
1.3 MB

Click here to view: New Servicing Guidelines for ALL Lenders effective 1/1/14
Click here to view: "YouTube" Mortgage Servicing Final Rule
Click here to view: "Fannie Mae Servicing Guidelines" January 2014
Click here to view: "Bank of America" new servicing guidelines 2014
March 28, 2013 
Starting today consumers will be able to track complaints about products and services levied by other consumers against some 450 financial services companies.  The Consumer Financial Protection Bureau (CFPB) will go live with what they are calling the nation's largest public database of federal consumer financial complaints, covering some 90,000 individual complaints regarding mortgages, student loans, bank accounts and services. "By sharing services' said CFPB Director Richard Cordray at a field hearing in Des Moines, Iowa, where he announced the expansion of the CFPB Consumer Compliant Database. "The database is good for consumers and it is also good for honest businesses. We believe the marketplace of ideas can do great things with this data. Click below for the entire story!  

For FREE Short Sale help contact Fearnley & Price, LLC Short Sale Division.  

   Contact:  Monica Anderson, 678-392-1724, mranderson@fcpwlaw.com

Click here to view: Fearnley & Price Short Sale Website 

Click here to "Meet Fearnley & Price, LLC"

Click here to view: The Georgia Department of Banking and Finance HB 83

Click here to view:  Georgia Residential Mortgage Act

File a Complaint:   http://www.consumerfinance.gov/complaintdatabase Click here to download "Fannie Mae Announces New HomePath for Short Sales Escalation Process

Click here to download Bank of America Short Sale Third-Party Authorization Form

Click here to download Emerging Fraud Trends - Short Payoff Fraud - Freddie Mac

Click here to download "HAFA Short Sale 2013"

Click here to download "Making Home Affordable HAFA Directive 12-07"

Click here to download "2013 Mortgage Servicing Rules - CFPB" 

Click here to view "Bank of America Equator Short Sale Process"

Click here to visit "Equator Short Sale Module"

Click here to Create an Account with Equator

Click here to view Chase HAFA Guidelines

Click here to view Chase Short Sale Information Packet

Click here to view Chase Short Sale Supplemental Information

Click here for Chase Short Sale Homeownership Center

Click here to visit Citi Group Office of Homeownership Preservation

Click here to view Citi Group Forms

Click here to view Citi HAFA Matrix 

Click here for Citi Hardship Package 

Click here for Citi Arms Length Transaction Form 

Click here for Citi Financial Worksheet

Click here to visit Ocwen

Click here for Ocwen HAFA Procedures

Click here to view Nationstar Short Sale - Equator Process 

Click here to view Nationstar Agent Guidelines Freddie Mac

Click here to view Nationstar Agent Guidelines Fannie Mae

Click here to view Nationstar Financial Worksheet

Click here to view Nationstar Financial Request Check List

Click here to view Nationstar Hardship Affidavit

Click here to view Nationstar Buyer Application

Click here to view Nationstart IRS 4506 Form 

Click here to view Fannie Mae HAFA II

Click here to view Freddie Mac HAFA II

Click here to review Federal Finance Housing Agency Short Sale Facts

Click here to download a Fillable BPO form

Click here to download Fannie Mae/Freddie "Uniform Borrower Assistance Form 710"

Click here to download Fannie Mae/Freddie "Form 710a"

Click here to download Fannie Mae Short Sale Affidavit

Click here to download Wells Fargo Short Sale Affidavit

Click here to  download Fannie Mae Hardship Document Requirements

Click here to download Promissory Note Model Template

Click here to download "Dodd Frank Certification Form"

Click here to download Fannie Mae Borrower Document Checklist - For Mediation

Click here to download Making Home Affordable 2013 Flyer

Click here to download your 
"Short Sale Tools"  E-book

Click here to learn more about the "National Mortgage Settlement"

Click here to download Short Sale Dynamics

Click here to visit HUD Approved Housing Counselors

Click here to visit CredAbility

Click here to visit Legal Aid


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