2007 Tax Relief Act ends this December 2012
Has anyone hehard if the tax relief act might be extended? Currently it is scheduled to end at the…See More
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2007 Tax Relief Act ends this December 2012
Started by Brenda Swigert in Short Sale Discussions 1 minute ago. 0 Replies 0 Likes
Has anyone hehard if the tax relief act might be extended? Currently it is scheduled to end at the end of this year. Without this pur clients doing short sales will pay income tax on the amount that is dismissed. Any news from RPAC on this?Thank…Continue
Misrepresentation on HOA delinquency
Started by Kathy Posey in Short Sale Discussions. Last reply by Wendy Rulnick 4 hours ago. 1 Reply 0 Likes
Okay, so 2 weeks ago final approval from FNMA comes in with COE of 5/30/2012. Few days later GT (servicer) sends their final approval with COE of 6/30/2012, so we prepare for a May 25 closing, due to the holiday. All buyer funds transferred to…Continue
ShortSale buyer using FHA Loan/MHDC Assistance- major road block (Probable Septic Inspection issues)- Calling all SHORT SALE SUPERSTARS- Options?
Started by Happy831 in Short Sale Discussions. Last reply by Jim Schneider 22 hours ago. 4 Replies 0 Likes
Hello All You Short Sale SuperstarsI am attempting to purchase a short sale home and have finally received approval from all parties ( after several "surprises already) and was ready to move on inspections and loan applications using FHA Loan AND…Continue
Citi approval requiring seller to continue payments until closing
Started by Ute Ferdig in Short Sale Discussions. Last reply by Dawn Harmon 8 hours ago. 2 Replies 0 Likes
I received my short sale approval letter from Citi today and one of the terms of the approval letter is that the borrower "make all payments until the sale of the property." Has anybody closed a short sale with Citi with this language in the short…Continue
Fannie Mae loan, lender refusing to waive deficiency
Started by Melissa Taylor in Short Sale Discussions. Last reply by Tim W 3 hours ago. 8 Replies 0 Likes
This is a great sight, so much wonderful information. I am currently residing in Texas trying to SS our house in NV. We moved 6 weeks ago. The house is a Fannie Mae and the lender has flat out refused to offer a waiver. Colonial Savings, in Fort…Continue
Short Sale Commander
Started by Trong Dang in Short Sale Discussions. Last reply by Brian Avery on Friday. 2 Replies 0 Likes
Do you need Short Sale Commander if you don't process your own short sale?Continue
MI Approval and Release of Deficiency Balance
Started by Vicki Holmes in Short Sale Discussions. Last reply by Erik Larson 7 hours ago. 2 Replies 0 Likes
When you receive an approval letter on a short sale that includes a deficiency release, can the MI company come back to the borrower for a contribution or not release them from the deficiency?Continue
Tags: approval, MI, Release, Defeciency
Received update but not sure where we stand
Started by Tamara Vannest in Short Sale Discussions. Last reply by Jim Schneider on Friday. 3 Replies 0 Likes
I hope you all don't mind us Buyers posting questions - but this is one of the few site resources I've found for getting real information on short sales! So thank you for that!As I said we are the buyer on a SS - Quicken is 1st and PNC is 2nd. We…Continue
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Bank of America Short Sale Incentive Letter|Relocation Assistance
Posted by Michael Collins, SFR on May 24, 2012 at 3:09pm 0 Comments 0 Likes
Two Short Sales Approved in the same week...Yea!
Posted by Jodi Salazar on May 23, 2012 at 11:30pm 0 Comments 0 Likes
Winchester, VA real estate market continues to improve - May 2012
Posted by Mike Cooper on May 23, 2012 at 10:30pm 0 Comments 0 Likes
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Cathy Baumbusch replied to Debra Enos's discussion Anyone Experiencing Delay or Technical Difficulties with the New Program Started in April? in the group Bank of America Short Sales"True. I finally got that last file to the QA stage, but not before the supervisor came at me with…"
Tim W replied to Melissa Taylor's discussion Fannie Mae loan, lender refusing to waive deficiency"Did your bank say why you don't qualify for hafa. Sounds to me you should be able to. I would…"
Larry Davis replied to Larry Davis's discussion Any suggestions for very succesful short sale expeditor with Chase in CA for reasonable fee? in the group California Short Sale Superstars"Timo, thank you. That is very impressive. How do you know the BPO value immediately? Do…"
Wendy Rulnick replied to Kathy Posey's discussion Misrepresentation on HOA delinquency"Kathy - Many HOA's due agree to negotiate a settlement, either partial payment or a promissory…"
Jeffrey Burnham replied to Melissa Taylor's discussion Fannie Mae loan, lender refusing to waive deficiency"YOU should not be talking to the bank anymore.
If you have an experienced agent... let him earn…"
Kathy Posey posted a discussionMisrepresentation on HOA delinquency
Okay, so 2 weeks ago final approval from FNMA comes in with COE of 5/30/2012. Few days later GT…See More
Erik Larson replied to Vicki Holmes's discussion MI Approval and Release of Deficiency Balance"Vicki, we just had this same situation and here is how it worked for us (2nd lien in California).…"
Jim Schneider replied to Melissa Taylor's discussion Fannie Mae loan, lender refusing to waive deficiency"Kelly is right, you don't cancel the short sale with the servicer, you just communicate this…"
Dawn Harmon replied to Ute Ferdig's discussion Citi approval requiring seller to continue payments until closing"I closed a short sale with Citi on the 2nd last year.....they asked the same thing.....my seller…"
Dawn Harmon replied to Dac Colden's discussion FHA Particiaption Approval"I just closed a WFB FHA short sale last week......its was a doozie! It was 'saved'…"
Kelly Walters replied to Melissa Taylor's discussion Fannie Mae loan, lender refusing to waive deficiency"Ask your agent if he/she has access to the Fannie Mae MLS Help Desk. If not, you could google…"
Kelly Walters replied to Dac Colden's discussion FHA Particiaption Approval"Is WFB Wells Fargo? In my experience Wells Fargo will order a new FHA Appraisal every 4 months.
If…"
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