"Hi Brian, thanks for your input. I would agree with you that each state is different. The million dollar question: How do we get the Short Sale Lenders or their Title Departments to recognize this fact? It seems as though either; they are not…"
"Thanks Brian and Wayne for your replies. As it stands, there is no equity. Wayne, you present an interesting scenario that I had not considered. But it is not the ideal solution in this case. The condo association is going to…"
"The problem may be that each state has different rule/guidelines on how judgments effect the title on a property. In Ca since we are not a "super lien state" we can work through the short sale and settle the judgments with escrow at…"
"How much is the lien? The seller won't be able to contribute their HAFA incentive to it. Would the buyer be willing to pay it? Would the state lien agree to a partial release and a payment plan for the seller?"
I cannot seem to locate the Fannie Mae contract cancelation verbiage. Do any of you have it at your fingertips? I have the listing agreement verbiage and deed verbiage, but cannot quickly locate the contact verbiage.Thank you so much!See More
Hello, I have a SS that is about to close in days. The property has a state lien on the property and my seller is willing to take her HAFA money and pay the lien. Lender said that it cannot go on the HUD and the lien needs to be paid before we can…See More
Hello to all SSS...I need some help with FHA Short Sales in general and I'm sure we are not the only ones seeing this issue arise. The scenario is happening over and over again with Bank of America and Wells Fargo. The Properties have an FHA Loan…See More
Hi,My co-worker is in need of an agent in Vero Beach, 32967 to refer a short sale listing to. Please only short sale experienced agents who live in Vero Beach and are members of the Board up there. I believe he's offering 25% referral fee. It's in…See More
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