Post Short Sale Issues

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Post Short Sale Issues

To discuss what has happened to our Short Sale clients.  Issues like 1099s, post deficiency collection activity, the clients ability to get future loans and any other news, concerns and questions that come up after the closing!

Members: 48
Latest Activity: Jan 22, 2016

Discussion Forum

Buyers lender wants new Approval - three weeks after closing

Started by Nancy Campbell. Last reply by Patrick Smith Mar 19, 2013. 1 Reply

I closed on a short sale listing with a conditional approval from Chase Mtg. The condition was signatures needed, plus final HUD approval. Both have been completed and signed. This was three weeks…Continue

Mobile Home Short Sales

Started by Barrett Thomas. Last reply by Simon Campbell Mar 19, 2013. 1 Reply

Does anyone know the recourse rules on Short Sales with mobile homes

I was told that a short seller has to wait 4 years to get a new conventional loan

Started by Mike Sher. Last reply by Simon Campbell Mar 19, 2013. 3 Replies

I was told that a short seller has to wait 4 years to get a new conventional loanI was told that a short seller has to wait 4 years to get a new conventional loan. i have a buyer who i helped with a…Continue

21st Mortgage issue

Started by Rita Fong. Last reply by Rita Fong Oct 11, 2012. 2 Replies

21st Mortgage is our 2nd lien, they won't budge.  They want the same percentage as the 1st lien.  Our 1st lien is only willing to pay them $2,000.  They want $17,000. Did anyone ever successfully…Continue

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