Comment

Comment by Dean E Eshelman, CPA, CDPE, IRES on June 27, 2013 at 8:44am

Toni Blount Wells should tell you who the investor is. This is critical to answering your question. Other than that try escalating, getting a second appraisal paid for by the buyer, get a copy of the appraisal and examine how you can challenge the comps. Is the appraisal FHA?

Comment by toni blount on June 27, 2013 at 8:34am

Wells short sale representing buyer doing 203K.

As is appraisal came in at $10,000 less than contract sales price.

Addendum sent to Wells requesting reduction of sales price to match the appraisal price.

Wells reply "Investor refuses to accept any amount lower than the contract price."

So we know that buyer's lender will not approve the loan for $10,000 more than appraisal.

Any ideas of what can be done? Unable to find out who investor is.

Comment by Celeste ODea on June 24, 2013 at 8:29am

That's great!  Thank you.

Comment by Nolberto on June 24, 2013 at 7:17am

This is the most updated http://www.freddiemac.com/sell/single/service/docs/form710.pdf

Comment by Celeste ODea on June 24, 2013 at 7:12am

You're very welcome!

Comment by Deidre St. Romain on June 24, 2013 at 6:48am

Wow!  Thanks for being so prompt Celeste!  This is it and it worked.  Thanks again!!

Comment by Celeste ODea on June 24, 2013 at 6:44am

Let me know if this works.  This is the first time I've sent an attachment via this process.   Uniform%20Borrowers%20form%20710.pdf .

Comment by Deidre St. Romain on June 24, 2013 at 6:31am

Does anyone have a blank FHMLC form 710?  Don't see it here.  tks.

Comment by Lisa Jalufka on June 21, 2013 at 3:07am

have a short sale where ASC is the first trust.  The short sale property has been rented out and the tenant wants to buy it.  ASC is saying that they will not accept the offer from the tenant, as they consider it to not be an arms length transaction due to the "business relationship" that the lease creates.  has anyone else dealt with this?  I was not aware of this definition, and thought that a tenant could make the offer on a short sale.  thank you for comments.

Comment by Diane and Doug Briggs on June 12, 2013 at 4:44am

WFB sent a SS Affidavit v.1.2 for parties to sign.  Our buyer, an investor, is unwilling to sign due to 90 day flip rule.  On this site found SS Affidavit 2.0 which gives better terms for investors who want to flip.   Negotiator states WFB requires v.1.2.

Has anyone used v.2.0 and had it accepted? When was v.2.0 issued?
Who & where can I escalate this issue to? 

Thanks in advance.

• ‹ Previous
• 1
• …
• 37
• 38
• 39
• 40
• 41
• …
• 220
• Next ›
• Page