Looks like B of A is now sending out letters for Mortgage to Lease.They will forgive the debt and the Seller gets to stay in the home at a reduced rent.There are conditions of course, but it is out…Continue
"I had a transaction that had a lien and the lenders refused to pay, the Buyer paid in my case as the Seller had no funds.
Your commission will most likely not be raised because of the dual agency,(anyway you can have another agent write the offer…"
"You should call their customer care center, they may want the Sellers to call, I am thinking you would have to send them over all the disclosures and listing information with the new brokerage as well as sending over their form where the Seller…"
"They should be able to stop the sale if you have an offer. In California you can stop the sale up to 5 days prior to auction. Have you called customer service? There should be a supervisor to speak with. Seems to me unless the offer is a low ball,…"
"The thing with dual agency is that it can be two different agents but if they are in the same office or under the same company brokerage it would have applied, as it would be a dual agency. Thank goodness they removed the clause."
"Yes I got the letter as well and right after got an email from NAR:
HUD reported to NAR that they will reissue the July Mortgagee Letter and remove all dual agency language (Part Three of the PFS Participation Requirements). The result is that the…"
"They would still have to be properties in the same location, size, and condition, and other factors. If they have information that shows the condition of the subject property compared to the condition of the comps how could they justify the price…"
"Thank you for sharing the new guideline coming in October 2013.
With the new guideline of the agent only having one role in the transaction it may be problematic, that would also be brokerage in my thinking, not just agent. They may…"
"As long as it is allowed in your state and you have disclosed it to all parties there shouldn't be a problem.
An advantage would be that you would have total control on your end, disadvantage is you may get the commission cut.
They came to you…"
"Wow, never heard that before. That appraiser could (and should) loose their license and the Bank should be reported to the Feds, it's influencing the appraisal and against the law.
Greed pure and simple. Greed on the part of the appraiser…"
"This is a standard form from Bank of America letting everyone know they are not the property owner but the servicer or mortgage lien holder. If they approve the short sale the commission will be paid."
"Without a hardship, she will not qualify for a short sale unless she can show financial hardship. Maybe she could work with her lender and see if they can modify the loan.
The way her lender will look at it now, she has been making her payments, and…"
I work for Century 21 Award in La Mesa and service La Mesa, San Diego, Spring Valley, Lemon Grove, El Cajon, Lakeside and Ramona.
I have been a realtor for over 13 years and have been successful in closing short sale listings, have not failed in any to date. I fight hard for my clients.
There are changes happening every day in real estate and find that the best tool is knowledge.
Helping Sellers either sell their home or Buyers purchasing and making it as smooth a transaction as possible is my goal.
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