After 2 years of absolute HELL my short sale finally closed! But now that it is closed I have some questions, will I receive a 1099C? Also, the difference on my home was wiped clean, I was given a form stating I was responsible for $0 of the balance, can anyone come after me after this for this balance?Any information is thoroughly appreciated! Thank you so muchSee More
"Depends on the state and the county, our title is paid for by the seller and the seller chooses the title company. There are alot of title companies negotiating short sales here in my area of Florida. Seller pays for owners policy and…"
"Getting a lawyer to motivate a title co is like paying a lot of money to push a wet noodle. Are you seriously saying that you have this title co negotiating with BofA for NO money to them? I have trouble believing that. You have no agreement with…"
"I believe the only thing I signed with them is a third party authorization form, giving them the right to ask for and receive information on my behalf. And we have asked from the beginning "why do we need a title co?!" because they are…"
"I've never run into a title co negotiating - I'm guessing there is a good reason for that. Assuming it is legal, you need to be careful - you say you have a contract with them to negotiate. I assume that means that they have cut a…"
"This is such helpful information! Thank you so much!
I did sign something saying that our title company is essentially working as our negogiator, but they negotiate NOTHING! So do I give them the option to remain the single point of contact (as they…"
"I don't know what you have going. In short sales, the title co is picked by the buyer and has virtually nothing to do with the sale until it has been approved and is ready for closing. You should be represented by the listing agent - again,…"
"Thank you so much for the information! We were making payments (I think we were 1 behind) until the short sale was approved by BOA and we stopped bc we moved into my parents' home to get the kids settled before school started, by the time the…"
"Nationstar has a horrible reputation for getting things done. None of these banks want to do short sales because it means cutting future revenue to them. Having gone this long, you should ask your state senator to help. The OCC, etc are supposed to,…"
In June 2012 we started our short sale with BOA and weeks before we were supposed to close they sold our loan to nationstar and we had to start all over again. right now they say they are "reviewing the offer" but our title company is less than informative and can give us no idea on how much longer we have. My husband works for the Michigan Air National Guard and as a result his job was included in the congressional budget cuts this year so our pay was just reduced 20%, we need to cut costs so…See More
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