Cindie Schulz's Groups
Cindie Schulz's Discussions
After 1 year received approval and now seller doesn't want to continue - Help!
Started this discussion. Last reply by Lisa Brown Dec 13, 2011. 27 Replies 0 Likes
Can anyone help with suggestions on what I can do if the seller refuses to move forward after receiving the approval letter from the lender?I have been working on this file for over 1 year now. We…Continue
Cindie Schulz's Page
Latest Activity
Cindie Schulz joined Stephanie Lim's group
FHA - HUD Short Sales
HUD rules for FHA short sales, tips, experiences, etc.Fax LOA: 918-236-3274PH 877 622-8525See More
Cindie Schulz replied to Scott Cary's discussion Third Lien requiring payment BUT B of A won't allow on HUD-1?...what to do? in the group Bank of America Short Sales"The Co-op shortsale is a BAC short sale program. As for the timeline, I was told it should be shorter because it doesn't have as many restrictions as HAFA. However, it will depend also on who the investor is on the…"
Cindie Schulz replied to Scott Cary's discussion Third Lien requiring payment BUT B of A won't allow on HUD-1?...what to do? in the group Bank of America Short Sales"They can opt out of the HAFA and ask for a Co-Op shortsale and recieve $2500 relocation assistance. With a Co-Op shortsale, the terms of the short sale have less restrictions than HAFA.
This option is only avaliable if the investor on the note…"
Kelly W. Maynard replied to Cindie Schulz's discussion Electronic Signatures? Is Bank of America Accepting in the group Bank of America Short Sales"NO."
"I also took training for new rules on short sales Hafa and they said no."
Thom Colby 888-391-5245 CA Brkr replied to Cindie Schulz's discussion Electronic Signatures? Is Bank of America Accepting in the group Bank of America Short Sales"No - I was recently at a Short Sale Training Session with BofA and they said absolutely NO digital / electronic signatures."
Cindie Schulz replied to Cindie Schulz's discussion Electronic Signatures? Is Bank of America Accepting in the group Bank of America Short Sales"That is my experience also.
I'm curious what lender are accepting electronic signatures now. What is your experience?"
Kevin - Greenville, SC replied to Cindie Schulz's discussion Electronic Signatures? Is Bank of America Accepting in the group Bank of America Short Sales"I've never had them accept one yet."
Cindie Schulz added a discussion to the group Bank of America Short Sales
Electronic Signatures? Is Bank of America Accepting
Is Bank of America accepting electronic signatures on the purchase agreement?Do they accept electronic signatures on shortsale documents from the seller? Thank youSee More
Cindie Schulz joined Wendy Rulnick's groupBank of America Short Sales
This group is for information, tips and solutions for Bank of America short sales. Click the link below for the Bank Of America Agent Resource CenterSee More
Cindie Schulz replied to Cindie Schulz's discussion Chase will not allow buyer to purchase shortsale through their corporation? in the group Chase"I agree Joe, it's crazy.
I emailed Freddie Mac to make sure and this is the reply they sent:
The buyers name has to be an individual, LLP or LLC.
I appreciated that they responded."
joe beauchamp replied to Cindie Schulz's discussion Chase will not allow buyer to purchase shortsale through their corporation? in the group Chase"Freddie Mac will sell to LLC's - and they are essentially corporations. It is just plain stupid to have a rule that says LLC's are OK but LLP's and INC's are not. Sort of like saying that they only sell to…"
Cindie Schulz replied to Cindie Schulz's discussion Chase will not allow buyer to purchase shortsale through their corporation? in the group Chase"Your right Thom. That's why I'm asking now.
The person from Chase didn't seem to know for sure and when I asked her to check with her supervisor, she seemed offended, took a couple of minutes and then told me that what she…"
Thom Colby 888-391-5245 CA Brkr replied to Cindie Schulz's discussion Chase will not allow buyer to purchase shortsale through their corporation? in the group Chase"I agree with Smitty - I don't believe your buyer will be able to buy it in any but an individual's name. You don't want to get to closing and have them stop it!
Good luck,"
Profile Information
- First Name
- Cindie
- Last Name
- Schulz
- Are you a......
- Agent
- State
- ca
- City
- laguna niguel
Comment Wall
- No comments yet!
Members
CONTACT US
SITE FOUNDERS
MODERATOR
This site is owned and operated by REGrow, LLC
Wendy Rulnick and
Brokers of Record
A Licensed Florida Real Estate Brokerage
628 Grand Canal Dr
Poinciana FL 34759
407-873-2747
Badge
© 2012 Created by Bryant Tutas.
like buttons