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Buyer has FHA loan- what about appraisal?

Started by Jacqueline Gonzalez in Short Sale Discussions. Last reply by Brian Avery yesterday. 2 Replies

VA Short Sale That's NOT Arm's Length?

Started by Frank Biganski in Short Sale Discussions. Last reply by Brian Avery on Monday. 4 Replies

NCI second lien issues

Started by Brett Scarbrough in Short Sale Discussions. Last reply by Brett Goldsmith Mar 24. 1 Reply

New Short Sale Lead in Hamden, CT

Started by Marlon Rankine in Short Sale Discussions. Last reply by Brett Goldsmith Mar 24. 1 Reply

Rushmore Mortgage - Experience

Started by The Good Home Team in Short Sale Discussions. Last reply by Frank Biganski on Saturday. 4 Replies

BANK OF AMERICA/ PROBATE SHORT SALE

Started by javier sanchez in Short Sale Discussions. Last reply by Brian Avery Mar 12. 1 Reply

Bank of America won't settle at Settlement

Started by John Timmons in Short Sale Discussions. Last reply by Kevin - Greenville, SC Mar 14. 4 Replies

Update Hubzo

Started by Heather in Short Sale Discussions. Last reply by Heather Mar 12. 2 Replies

RMA OR 710?

Started by Geri L. Lewis in Short Sale Discussions. Last reply by Brett Goldsmith Feb 18. 3 Replies

 

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Latest Activity

ElizabethWeintraub00697006LyonRE replied to Pat M's discussion SS denied for Failed internal quality review in the group Bank of America Short Sales
"I have had this happen ONCE and when I pressed, they said the reason was the seller, in their mind, did not have a hardship. Although the house was gutted due to mold, and unpaid liens were filed for mold remediation and the home was not really…"
9 hours ago
Brett Goldsmith replied to Pat M's discussion SS denied for Failed internal quality review in the group Bank of America Short Sales
"Yes, this can happen for many reasons. They apparently feel they are catching wind of something they are not okay with. I'd be escalating the file to see why it m,ay be failing audit and if anything can be done to correct…"
16 hours ago
Pat M added a discussion to the group Bank of America Short Sales
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SS denied for Failed internal quality review

We have been working on short sale (FHA) for a while now and back in September the lender declined the short sale and removed it from equator for reason: failed internal quality review.   BOA had everything they needed, offer was high enough and all…See More
17 hours ago
Profile IconTodd Meinburg and John Last joined Short Sale Superstars
23 hours ago
carol pefley joined Wendy Rulnick's group
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Green Tree Servicing

All about Green Tree short sales.
yesterday
Maria D Lopes joined Suzanne McLaughlin's group
yesterday
Brian Avery replied to Jacqueline Gonzalez's discussion Buyer has FHA loan- what about appraisal?
"If the appraiser calls out repairs , then it will need to be fixed prior to closing. The bank nor the seller will pay for the repairs. Your buyer could pay for them, but there is risk involved.  You may even consider having your buyer entertain…"
yesterday
Brett Goldsmith replied to Jacqueline Gonzalez's discussion Buyer has FHA loan- what about appraisal?
"If the repairs are not severe and the buyers lender isn't going to require anything to be fixed prior to closing, then I don't see any issues. FHA buyers purchase short sales all the time. I typically ask  the lender to pay up to 3%…"
yesterday
Jon Griffith commented on Wendy Rulnick's group Citi Bank
"The escalation number shown on the summary for this group does not lead to Michael Gray."
yesterday
Jon Griffith joined Wendy Rulnick's group
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Citi Bank

Citi Bank Short Sale InformationSee More
yesterday
Jacqueline Gonzalez posted a discussion

Buyer has FHA lender - what about appraisal?

Hello! The house is not in major disrepair but needs some work. What has been your experience with buyers who have FHA loans who want to purchase a short sale. The seller has a VHDA loan? The buyer is paying their own closing costs.See More
yesterday
Nancy Mansour replied to Kim Wennerberg's discussion Players changed, game remains the same - Auction.com is now HomeSearch.com in the group NationStar Mortgage
"Ben, Would you be able to email me a copy of the letter you send re auction.com? I'm having the same issues as everyone else. advancedmortgageanalysis@gmail.com Thank you! "
yesterday
Rosemary Morehouse is now a member of Short Sale Superstars
yesterday
Profile IconKay Van Kampen and Vanessa Machado joined Sara Mehrpouyan Los Angeles CDPE's group
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PennyMac Loan Servicing

This group is for information, tips and solutions for PennyMac Short Sales.See More
Tuesday
Brian Avery replied to Frank Biganski's discussion VA Short Sale That's NOT Arm's Length?
"Some Servicer's do not care like BSI. But most servicers will decline it regardless of what VA allows"
Monday
Cathy Baumbusch joined Julie Lyons's group
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Nationwide Credit Inc.

Services loans for Ocwen.  You start off submitting your short sale package to Ocwen and then surprise to get handed off to Nationwide Credit Inc. who in my opinion are much better to deal with than Ocwen.See More
Monday
 
 
 

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