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
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
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
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…Continue