All the responses are great. I just had a similar one. Make sure you send the addendum to extend. Call the new Services to see if you will need a new approval and how long. Also call BOA the day after the Service release date to see if…"
All the replies are good. Usually the SS Bank approves to the appraised value. So it may just be taking a little longer. Also make sure you send in an addendum to lower the offering price to the SS bank signed by Buyer and Seller."
Yes, I have done a few also where the Seller used HAFA + other incentive credit to pay part of HOA on the HUD-1. You have to put it on the HUD-1 and see if the Bank will allow as the others have suggested.
"Very difficult to specify the closing date. A better idea is to specify the number of days after Lender approval. For example ' to close within 30 days of Lender Approval' If not you will always be doing an addendum. I have…"
"I am Realtor in Coral Springs Florida. I have been doing Short Sales for the past 3 years and have a real good system going on the process. Let me know if you have any clients in the area that would need my help.
"Giuliana, 2 things. Seller or Attorney needs to call BOA and request a delay of the FCL, while letting them know that the short sale is approved and they are waiting on the Buyer's loan approval. Also send an email and call…"
$30k from the seller is correct. There could be other charges, send BOA an email asking for a payoff and your concern about the amount owed. After you receive that discuss with your seller and Buyer's agent and make a…"
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