Comment

Comment by Kevin - Greenville, SC on January 10, 2012 at 10:07am

Any reason the offer wasn't negotiated closer to list price? Or the listing price isn't in the range of the offer?

Comment by Pacita C Dimacali on January 10, 2012 at 10:05am

To whom does one escalate a problematic AHMSI short sale? House is a fixer. Listed for $300K. All cash buyer offered $280K, Was turned down even though no BPO was done.

New negotiator's voice mail is full.

Need to escalate.

Comment by Kevin - Greenville, SC on November 28, 2011 at 12:45pm

May have been a different investor... Moving targets.

Comment by Elaine Kan on November 28, 2011 at 12:44pm

escalated already and we do have buyer willing to contribute...thing is, there is a thread here back in April that doesn't allow even a $500 contribution when they are in escrow for closing so wanted to try and find out ahead of time.  thanks again

 

Comment by Kevin - Greenville, SC on November 28, 2011 at 12:38pm

It's investor dependent on who own's the loan and would ultimately be their call.  If you can get the additional cash from some party and disclose it on the HUD-1 you should be good to go.  Escalate if you continue to get no response.

Comment by Elaine Kan on November 28, 2011 at 12:34pm

Thanks @Kevin, both purchase money and AHMSI said loan not qualified for HAFA so not HAFA

 

Comment by Kevin - Greenville, SC on November 28, 2011 at 11:57am

Elaine,  First question - What type of Loan?  2nd Question - Is it a HAFA SS?

Comment by Elaine Kan on November 28, 2011 at 11:55am

Have 2 of the toughest lenders on a CA short sale, AHMSI first and PNC second.  We have AHMSI approving $7000 to PNC but PNC wants $15000.  We emailed negotiator at AHMSI to ask if they will allow buyer and agent contribution at closing but cannot get any answer from negotiator.  Has anyone been in a similar situation and knows if they allow contirbutions at closing?  Any insight appreciated!  Thanks!

Comment by dipan on October 10, 2011 at 3:02am

Hello,

After AHMSI short sale did not workout, I waited for the property to be foreclosed. I bought it at the foreclosure auction (time is of the essence agreement with 30 days). However my attorney found out that one of the lien holders ($4000 3rd in line after mortgae) was not given proper notice and is not present in the affidavit. we informed their attorneys and they said that they have informed the bank. The bank informed us that they have "reached out" to the third party title company (who did their initial title work) to figure out what needs to be done ( pay them in full/waiver/re-foreclose). Its been over a week and we have not heard anything back. In another 10 days the 30 day period will be up.

What are my options to close this deal (beyond 30 days)? How soon can I expect to hear back from the bank? Is there anything I could do from my side?

Comment by Chad Stewart on October 6, 2011 at 8:10am

Called AHMSI yesterday, confirmed Fax #'s above are correct. Are they still charging the 1% buyer short sale fee. Guy on phone said yes there is a fee. Easier just to get buyer to pay it or any success negotiating it away?

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