Forum Discussions (4,330)

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HUD & Suntrust Short sale question - approval

The client has an FHA loan through Suntrust Bank. The owners initiated a short sale due to a major loss of income and illness. While under…

Started by Jackie Gonzalez in Short Sale Discussions

1 Mar 29
Reply by Rebecca Roberts

USDA LOAN CURRENT GUIDELINES

Is it possible to for a USDA short sale to be approved if borrower is facing imminent default or is there a hard set guideline that the acc…

Started by Brett Goldsmith in Short Sale Discussions

1 Mar 13
Reply by Justin Berry

Servicer setting closing date BEFORE approval?

- SS package submitted in 1/13. - BPO completed w/o 1/24. Then 2/7 servicer supposedly asks seller and buyer to modify contract closing dat…

Started by Johnny Escobar in Short Sale Discussions

5 Mar 7
Reply by Johnny Escobar

What's the most money you've seen a 1st give a 2nd mtg lien?

I saw SPS pay out 100k to a 2nd mtg lien. It was a large 2nd. What's the most you've seen?

Started by Brett Goldsmith in Short Sale Discussions

0 Mar 3

GET PUBLISHED BY Short Sale Super STARS

Hello Short Sale Superstars! We are set to release a Short Sale Super Star Survival Guide and we want your Tips; We want to know your BEST…

Started by Brett Goldsmith in Short Sale Discussions

33 Feb 27
Reply by Kristine Zelazo Short Sale Gal

Tip - - Ask the Closing Agent to Pull Lien and Title at the Beginning of the Short Sale Process

There is nothing worse then getting a short sale approval letter and then ordering lien and title to find you have liens/Judgments to negot…

Started by Kristine Zelazo Short Sale Gal in Short Sale Discussions

0 Feb 27

Tip for Short Sale

When all else fails and you feel that the process on your file has slowed/stopped and servicer is no longer responding in a timely matter c…

Started by Bridgette Villamor in Short Sale Discussions

5 Feb 22
Reply by Johnny Escobar

FHA SHORT SALE TIP

If your seller has an FHA mortgage, they must go through the Retention process, PRIOR to listing the home. The Seller will go through the p…

Started by Kiann Lewis in Short Sale Discussions

1 Feb 21
Reply by Evelyn Gutierrez, SFR, MRP, CDPE

Dakota Asset Services

Has anyone ever dealt with Dakota Asset Services with respect to reimbursements for repairs through LPS.  They have assigned me an REO whic…

Started by Pamela Lester in Short Sale Discussions

3 Feb 16
Reply by Pamela Lester

WF denial

Has anyone had an issue with WF denying a short sale because it doesn't meet investor quality standards. I asked the negotiator from the ba…

Started by Susana in Short Sale Discussions

1 Feb 15
Reply by Lukasz Kukwa

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