"Like Tony's comment about Missouri, here in Arizona one can get foreclosure sale dates postponed by WF as long as they get my SS Package at least 10 days before the scheduled sale date. More time would be…"
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Need Advice for U.S. bank Short Sale (both 1st and 2nd)
Started by Tracy Johnson in Short Sale Discussions 3 hours ago. 0 Replies 0 Likes
Nationstar
Started by Jane Davies in Short Sale Discussions. Last reply by Brett Goldsmith yesterday. 1 Reply 0 Likes
Will investor ever deal directly with the shortsale buyer and hold paper
Started by Thalia Poulos in Short Sale Discussions. Last reply by Thalia Poulos 2 hours ago. 8 Replies 1 Like
Section 8 Tenant in Duplex being short sold!
Started by Ann E Richardson in Short Sale Discussions. Last reply by Marti Sauers 6 hours ago. 5 Replies 0 Likes
Do FHA Short Sale Limits Buyer Closing Cost to 1% ALWAYS?
Started by Frank Biganski in Short Sale Discussions. Last reply by ElizabethWeintraub00697006LyonRE 2 hours ago. 8 Replies 0 Likes
We just found out that our seller has a restraining order going on in Maryland District court
Started by Patricia Bravo in Short Sale Discussions. Last reply by Kathleen Lordbock 6 hours ago. 10 Replies 0 Likes
Wells Fargo Short Sale - About to enter foreclosure status next month - Need Advice
Started by Frank Biganski in Short Sale Discussions. Last reply by Loren Hoboy 1 hour ago. 7 Replies 0 Likes
HAFA 2nd lien release
Started by Tony and Robin Pickett in Short Sale Discussions. Last reply by Kevin - Greenville, SC on Thursday. 8 Replies 0 Likes
Help with GreenTree...
Started by James Mulhern in Short Sale Discussions. Last reply by Brett Goldsmith on Wednesday. 4 Replies 0 Likes
Citizens Bank
Started by Jill Schappel in Short Sale Discussions. Last reply by Ron Scribner on Tuesday. 2 Replies 0 Likes
Is there any way to tell how far along in the short sale process you are?
Started by Andi G in Short Sale Discussions. Last reply by Wendy Rulnick on Tuesday. 1 Reply 0 Likes
HELP! Seterus
Started by Robin Lemmons in Short Sale Discussions. Last reply by Robin Lemmons on Thursday. 9 Replies 0 Likes
Any help in shortsales for Disable Vets???
Started by Charlotte Lloyd in Short Sale Discussions. Last reply by Kevin - Greenville, SC on Thursday. 11 Replies 0 Likes
I Need your help and you Need mine!!!
Started by Douglas Juenke in Short Sale Discussions. Last reply by Harry Clay on Thursday. 4 Replies 0 Likes
Need Leads? Join Us For Thursday's Webinar "Blogging For Dollars"
Started by Bryant Tutas in Short Sale Discussions on Monday. 0 Replies 1 Like
Blog Posts
NEWSLETTER: Does FHA PFS Always Limit Closing Costs Assistance To 1%?
Posted by Bryant Tutas on May 19, 2013 at 7:30am 0 Comments 2 Likes
Which Offer Should A Short Seller Pick In A Multiple Offer Situation?
Posted by Peter J Kim on May 13, 2013 at 6:18pm 0 Comments 1 Like
Anyone Looking For A Short Sale Specialist In Polk County,Florida
Posted by Reta Stead on May 12, 2013 at 7:25am 0 Comments 0 Likes
NEWSLETTER: Is There An Automatic Deficiency Waiver With A FHA PFS?
Posted by Bryant Tutas on May 12, 2013 at 6:30am 0 Comments 1 Like
The Spouse In A Short Sale May Be Guilty By Association
Posted by Bryant Tutas on May 10, 2013 at 8:30am 5 Comments 1 Like
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Loren Hoboy replied to Frank Biganski's discussion Wells Fargo Short Sale - About to enter foreclosure status next month - Need Advice
Short Sale Referrals
Post your referral needs here! Join this group to be automatically notified of new referrals for listings or buyers!See More
ElizabethWeintraub00697006LyonRE replied to Frank Biganski's discussion Do FHA Short Sale Limits Buyer Closing Cost to 1% ALWAYS?"It sounds like the listing agent is on the ball and trying to protect his seller by obtaining the offer that is the easiest for HUD to approve. That would be an offer with a limit of 1% toward closing costs.
Does this mean that HUD will never…"
Thalia Poulos replied to Thalia Poulos's discussion Will investor ever deal directly with the shortsale buyer and hold paper"Thank you, everyone. I have my answer. Especially enjoyed Wayne Brooks' "but sometimes 'outside the box' is the same as "not in touch with realitly'". Best of luck to all you in your short…"
Tracy Johnson posted a discussionNeed Advice for U.S. bank Short Sale (both 1st and 2nd)
So everyone knows U.S. bank is one of the few worst lenders to deal with for short sale, I'd like to know any good advice for my scenario below: The underwriter for our first (U.S. bank Home mortgage) has request "the letter of intent to release" in…See More
Tony Watkins replied to Frank Biganski's discussion Wells Fargo Short Sale - About to enter foreclosure status next month - Need Advice"Hi Frank
You need to turn in a complete short sale package except the offer right away. Make sure you have a legit hardship and then call and ask them when they are doing the appraisal. Once you get that offer, then turn it in right away as well.…"
Tony Watkins replied to Linda Cadotte's discussion US Bank Escalation Contact Needed"Hi Linda
You need to find out who the investor is. If it is Fannie, you can escalate through homepath, FHA you can escalate through FHA call center 877-622-8525. I am doing an FHA US Bank escalation as we speak and I am making progress.…"
Jim McCormack replied to Frank Biganski's discussion Do FHA Short Sale Limits Buyer Closing Cost to 1% ALWAYS?"FHA allows 1% of the Buyer's Mortgage Loan amount for FHA buyers only. I have had buyers get 1% of the sale price (usually a very small difference) and you can request a variance for more than 1%, but it will delay the approval at best and it…"
Jackie W. McDermott replied to Thalia Poulos's discussion Will investor ever deal directly with the shortsale buyer and hold paper"Loved your last line Marti. Good chuckle for a Sunday morning."
Wendy Rulnick liked Bryant Tutas's blog post NEWSLETTER: Does FHA PFS Always Limit Closing Costs Assistance To 1%?
Shel-lee Davis replied to Linda Cadotte's discussion US Bank Escalation Contact Needed"Great info Ron, as always. I agree with your caution when going to the FDIC. Use them when the bank is really violating the rights of your client, not just when you are angry at your negotiator."
Tony Morganti commented on Wendy Rulnick's group Chase"Can anyone tell me if Chase will pay past due condo homeowner fees, buyers closing costs, or a home warranty as part of a short sale. They are first lien holder and there is no second.
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"I worked with Section 8 qualified housing in Missouri and know LLTT rights in AZ. But, it will really depend on California code regarding Tenancy. In AZ, the lease runs with the land. A short sale doesn't affect Tenant's…"
Kathy Fuhriman replied to Thalia Poulos's discussion Will investor ever deal directly with the shortsale buyer and hold paper"The buyer is likely thinking that he could just take over the loan that is being shorted. If the lender was in a position to do that don't you think that notion would be made public for all buyers to inquire about? The lender the seller is…"
Dirk Jeanis replied to Frank Biganski's discussion Wells Fargo Short Sale - About to enter foreclosure status next month - Need Advice"Sounds like a FUN file to play with!!!.
You didn't mention what type of foreclosure, administrative (trustee with right to non-judicial) or legal (court based) action. This is always inportannt information when asking such questions.
Be sure…"
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