Brian Brumpton's Discussions
Bank of America FHA Short Sale Delays
Started this discussion. Last reply by TOP END Properties Aug 23, 2012. 5 Replies 0 Likes
I've had an FHA short sale open with an offer since February. We were issued the approval to participate 05/18/2012. The offer matched up with the numbers on the ATP and meets the minimum required…Continue
FHA Preforeclosure Sales Program - What are the maxiumum allowable buyer closing cost...
Started this discussion. Last reply by Kevin - Greenville, SC Nov 24, 2012. 27 Replies 0 Likes
What are the maximum allowable buyer closing cost a seller can pay when the buyer is obtaining a new FHA insured loan?The default answer tends to be 3%, however, you have to pay attention last part. …Continue
Tags: Guidelines, HUD, Sale, Short, Preforeclosure
Investor Doesn't Allow Short Sales
Started this discussion. Last reply by Ban KKiller Apr 28, 2012. 6 Replies 0 Likes
I have/had a short sale open with Nationstar and the negotiator has stated that the investor (when I asked who the investor was he said it's investor code 399, which I'm assuming means the pooling…Continue
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LBPS/Seterus using 3rd party group to negotiate short sales and it only cost us 1%!
Posted on November 11, 2011 at 11:59am 6 Comments 0 Likes
How clever some of these companies that keep popping up claiming to be our good buddies and stick with us throughout the transaction.
Something didn't sound right when I started questioning the guy. Sure he said he was with the National Group(s) or something. When I started to ask how they got paid he let me know that they get a 1% fee and that commissions are reduced to 5%. When I pressed about how they intend to get around Fannie Mae's guidelines that they're not allowed to reduce…
ContinueHow low is too low to accept a short sale listing?
Posted on November 10, 2009 at 1:32pm 8 Comments 0 Likes
I was actually losing money after paying my admin staff. It started me thinking, how low is too low? At what point do you say no to a short sale… Continue
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