"knowledge is generally based on fact and belief is based on understanding or interpetation of a statement. As agents know, almost always, problems in contract arise in INTERPRETATION or a belief that a provision had a different meaning than what the…"
"Norene, your second paragraph response says it all. Stick to it. Short sales are no different from any other sale, whether you are selling homes, yachts, mules or turkeys. There is a process, however inconsistent and we can't sell…"
"Eric, I work with realtors and brokers and have also bought from several in this group. I have a lot of great realtor friends. I have respect for every professional in the RE industry. Not only do I hear frustration from my realtor and broker…"
"Wow, everyone!!! This is exciting!! We can talk about this subject into the next year and still not get a general consensus.I've said before that realtors have a disadvantage in the short sale area, but, I've also seen many here do very…"
"Get another title company or attorney. Loan contract is between BofA and borrowers regardless of property ownership. There may be more to this since a borrower is very reluctant to get involved. Unfortunately, quit claims or selling of…"
I am assuming your agent did not get any written correspondence, starting with the reduction in commission. If the agent did, commissions should have been among the last challenges addressed, as the focus should always be on the price FIRST!…"
"I may sound a little brutal, but this is pure business. Tell your listing agent (maybe in a nice way) to grow some...wait...stand up for you! I don't know your total situation, but you seem reasonable with your deal and want to get it to close.…"
"This is tricky, Brenda. If this is a short sale, the seller, not the bank still owns it. I don't know what state or city you are in, but were there notices posted by the city regarding possession, condemnation and/or directions for entry? If…"
"Dawn, as a buyer of property, I often negotiate with Wells, as well as other lenders. Seller authorizes it. If there was no 3rd party authorization from the Seller, make it clear, in an email with the supporting authorization that you alone are to…"
"An affidavit from seller and buyer, separately, stating no prior relationship and/or no relationship through family should be enough. Settlement agent will base his letter on the affidavits only. If agent still won't sign get another…"
"Your client needs to have the authorization letter and the HUD. Make copies, attach and send with a letter disputing the tradeline to all agencies showing the error and requesting the change from foreclosure to paid off. HUD alone may suffice.
"With probate, there's a lot of situations. If this is a situation I think it is, you may not like the solution.The first challenge is value. Is this house very much underwater? If there is equity, the heirs may want to pursue it. If it is…"
Believe it or not, as active duty personnel, you have opportunities civilians do not have. Being a part of the Navy FCU or any other banking institution catering exclusively to military dependents, vets and retirees offers…"
"Jim, the Seller needs to act on this with an attorney. There may be an impropriety here, even one that is a fair mistake, that may categorize this particular loan as a "fraudulent" loan. With the limited information given, I…"
I am a negotiator for my own deals and a couple of other investors and RE agents. I prefer to work with product in PA, DE and MD. Broad range up to 850K, so far. I am a full time investor and always looking for outlets of information to remain cutting edge and keep on top of short sales negotiating.
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