BB&T Short Sales Discussions - Short Sale Superstars2024-03-28T14:50:18Zhttp://shortsalesuperstars.com/group/bbtshortsales/forum?feed=yes&xn_auth=noSpecial LOA?tag:shortsalesuperstars.com,2016-05-09:3468065:Topic:3741782016-05-09T21:27:55.452ZGuerry Clegghttp://shortsalesuperstars.com/profile/GuerryClegg
<p>Does BB&T have a special LOA form? This is a VA compromised sale, in case that makes a difference.</p>
<p>Does BB&T have a special LOA form? This is a VA compromised sale, in case that makes a difference.</p> Getting Ready to List A Home w/BBT First & Secondtag:shortsalesuperstars.com,2012-12-14:3468065:Topic:2847792012-12-14T19:01:59.638ZBarbara A. Reaganhttp://shortsalesuperstars.com/profile/BarbaraAReagan
<p>I am getting ready to list a home with a BB&T first and second and a BofA third. If we get the sales price that I am suggesting the seller list it at, then the first will be made whole, the second will be made about 98% whole and there will be no money left for the BofA third. Is there anything different that I willl need to do with this short sale? Any help would be appreciated. Thanks.</p>
<p> </p>
<p>I am getting ready to list a home with a BB&T first and second and a BofA third. If we get the sales price that I am suggesting the seller list it at, then the first will be made whole, the second will be made about 98% whole and there will be no money left for the BofA third. Is there anything different that I willl need to do with this short sale? Any help would be appreciated. Thanks.</p>
<p> </p> HELP!!tag:shortsalesuperstars.com,2012-09-21:3468065:Topic:2673912012-09-21T17:11:06.873ZCathryn Pizarrohttp://shortsalesuperstars.com/profile/CathrynPizarro336
<p>I have processed thousands of SS, this is a definite first! I have a client, who does not have an apparent hardship... Her mortgage is only 15% of her income. The hardship we presented with was a relocation for work. She lives in Orlando and commutes to Tampa each day. BB&T wants a promissory note for $50,000, and she doesn't feel that arrangement would be beneficial. We have gone back several times even raising the offer to a $10,000 cash contribution.The bank is unwilling to budge. FYI…</p>
<p>I have processed thousands of SS, this is a definite first! I have a client, who does not have an apparent hardship... Her mortgage is only 15% of her income. The hardship we presented with was a relocation for work. She lives in Orlando and commutes to Tampa each day. BB&T wants a promissory note for $50,000, and she doesn't feel that arrangement would be beneficial. We have gone back several times even raising the offer to a $10,000 cash contribution.The bank is unwilling to budge. FYI this is a bank owned loan, no investor, no mortgage insurance. Any advice would be helpful!!</p> Update on BB&T dilema and why should this seller accept their offer???tag:shortsalesuperstars.com,2012-02-24:3468065:Topic:2154882012-02-24T19:24:55.137ZJulie Wilkinsonhttp://shortsalesuperstars.com/profile/JulieWilkinson
<p>After numerous hours of calling BB&T's corporate offices I found someone in the Recovery Dept who was willing to contact the attorneys in Tampa and see if he could get things moving. I sent the Recovery Dept a few documents regarding the short sale yesterday. This morning at 11:00 am our short sale attorney who is processing the short sale received a call from the Tampa attorneys with a unbelieveable counter offer. The note my sellers ow is $225,000 plus late fees, plus penalties, plus…</p>
<p>After numerous hours of calling BB&T's corporate offices I found someone in the Recovery Dept who was willing to contact the attorneys in Tampa and see if he could get things moving. I sent the Recovery Dept a few documents regarding the short sale yesterday. This morning at 11:00 am our short sale attorney who is processing the short sale received a call from the Tampa attorneys with a unbelieveable counter offer. The note my sellers ow is $225,000 plus late fees, plus penalties, plus non payment for nearly 2 years. So they really ow close to $240,000. BB&T offered to accept $75,000. The first lien holder is giving $10,000, the buyers are giving $12,500. So the sellers need to put in $52,500 to get rid of a huge note of nearly $240,000 and avoid foreclosure. The sellers today came back and said nope were not doing it and as a matter of fact we're only going to put in $10,000 instead of the $20,000 we originally offered. I need everyones input for arguments I will have to take to the seller to convince him to accept this incredible deal and get this all behind them. I will have one last shot at convincing my seller to accept this offer, otherwise we are dead in the water. Right now I am bearly holding on to my buyers as well. Okay guys, lets here it.............................</p> Need names and numbers to call to escalate getting answer to settlement on BB&T 2nd lien (equity line)tag:shortsalesuperstars.com,2012-02-16:3468065:Topic:2134952012-02-16T18:25:50.706ZJulie Wilkinsonhttp://shortsalesuperstars.com/profile/JulieWilkinson
<p>My client has a first of $325,000 with GMAC and a 2 lien/equity line from BB&T for $240,000. BB&T is suing my clients outside of the short sale. They are suing them personally and have had to hire a foreclosure attorney to respond to the lawsuit. BB&T wanted $22,500 cash up front to allow our short sale to close as we have a buyer with an offer of $210,000. GMAC accepted this all cash offer. However, BB&T is not ready to let my sellers off the hook. So they offered them…</p>
<p>My client has a first of $325,000 with GMAC and a 2 lien/equity line from BB&T for $240,000. BB&T is suing my clients outside of the short sale. They are suing them personally and have had to hire a foreclosure attorney to respond to the lawsuit. BB&T wanted $22,500 cash up front to allow our short sale to close as we have a buyer with an offer of $210,000. GMAC accepted this all cash offer. However, BB&T is not ready to let my sellers off the hook. So they offered them $20,000 plus the $22,500 that is coming from the buyers. We can not get an answer from BB&T. We have had to ask GMAC for 2 extensions. We need to escalate this short sale as we are at risk for loosing both GMAC and the buyers. Please Help!!! Julie Wilkinson</p> BB&T and National Quick Sale?tag:shortsalesuperstars.com,2011-09-20:3468065:Topic:1721702011-09-20T01:07:49.705ZDeb Orthhttp://shortsalesuperstars.com/profile/DebOrth
<p>Hello, all. I just spoke to a seller who wants to list with me but has a letter from BB&T telling her they would like to offer her a short sale using National Quick Sale. I know only a little about this company but it apparently requires agents to register with them, pay some crazy annual fee, and possibly additional fees. </p>
<p>Anyone have any input?</p>
<p> </p>
<p>Deb Orth</p>
<p>Hello, all. I just spoke to a seller who wants to list with me but has a letter from BB&T telling her they would like to offer her a short sale using National Quick Sale. I know only a little about this company but it apparently requires agents to register with them, pay some crazy annual fee, and possibly additional fees. </p>
<p>Anyone have any input?</p>
<p> </p>
<p>Deb Orth</p> Mailing in docs? Seriously? Help!tag:shortsalesuperstars.com,2011-05-09:3468065:Topic:1008432011-05-09T16:50:20.090ZNorvant Adminhttp://shortsalesuperstars.com/profile/CaseyNicholas
<p>I was told that since this loan is "retail side" short sale, that all docs have to be MAILED to an address in NC. This is a second lien. I can not believe that any bank does business exclusively by SNAIL MAIL! I saw back in Jan another young lady mentioned she had the same issue. However they do not have the clients account number or SS # on file at main SS number. I have a "special" number i have to call. However, this does not seem acceptable to me.</p>
<p>I am VERY familiar with short…</p>
<p>I was told that since this loan is "retail side" short sale, that all docs have to be MAILED to an address in NC. This is a second lien. I can not believe that any bank does business exclusively by SNAIL MAIL! I saw back in Jan another young lady mentioned she had the same issue. However they do not have the clients account number or SS # on file at main SS number. I have a "special" number i have to call. However, this does not seem acceptable to me.</p>
<p>I am VERY familiar with short sales and do this full time. Does anyone have any connections with BBT or a way around this mess?</p>
<p> </p>
<p>Any advise would be greatly appreciated!</p>
<p>Casey Nicholas</p> Extention on settlement date for short sale w/ BB&Ttag:shortsalesuperstars.com,2011-02-18:3468065:Topic:731232011-02-18T14:44:59.042ZMonique Hailerhttp://shortsalesuperstars.com/profile/MoniqueHailer
<p><span class="font-size-4" style="font-family: "Arial","sans-serif"; color: black; font-size: 6.5pt;">I have a contract with BB&T on a short sale and is supposed to settle in a few days. The buyer’s lender requested IRS transcripts for tax returns and basically the IRS lost the Fed tax return for one of the years. They went and filed again, had it stamped, but now we need to wait for the transcripts to process and obtain transcripts for the buyer’s lender. IRS…</span></p>
<p><span class="font-size-4" style="font-family: "Arial","sans-serif"; color: black; font-size: 6.5pt;">I have a contract with BB&T on a short sale and is supposed to settle in a few days. The buyer’s lender requested IRS transcripts for tax returns and basically the IRS lost the Fed tax return for one of the years. They went and filed again, had it stamped, but now we need to wait for the transcripts to process and obtain transcripts for the buyer’s lender. IRS indicated this will take 6-8 weeks. (Hopefully). So, my questions is has anyone requested and extension and how did it go?</span></p>
<p><span style="font-family: "Arial","sans-serif"; color: black; font-size: 6.5pt;"><span class="font-size-4">Thank You</span></span></p> BB&T and Buyers Closing Costtag:shortsalesuperstars.com,2011-02-12:3468065:Topic:715452011-02-12T05:59:24.176ZMarion Webbhttp://shortsalesuperstars.com/profile/MarionWebb
Will BB&T allow seller to give Buyer closing cost contribution?
Will BB&T allow seller to give Buyer closing cost contribution? BB&T is telling me to MAIL the 70 page SS pkg???tag:shortsalesuperstars.com,2011-01-20:3468065:Topic:686262011-01-20T19:14:44.141ZTrinahttp://shortsalesuperstars.com/profile/Trina
<p>WTH???</p>
<p>Does anyone have a SS Dept fax number???</p>
<p>That SEEMS CRAZY in 2011??? Am I wrong??</p>
<p>Has anyone else been told this??</p>
<p>Thanks!!!</p>
<p> </p>
<p> </p>
<p>WTH???</p>
<p>Does anyone have a SS Dept fax number???</p>
<p>That SEEMS CRAZY in 2011??? Am I wrong??</p>
<p>Has anyone else been told this??</p>
<p>Thanks!!!</p>
<p> </p>
<p> </p>