"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…"
"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…"
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
"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…"
"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%…"
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
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
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