"I have had success with other banks saying that the co-borrower refuses to participate and that the borrower and co-borrower are not speaking and the co-borrower is refusing to pay anything toward the loan and has basically walked away from their…"
"I just spoke to the VA regional office in Denver because I have a VA appraisal that came in 75K above the buyer's FHA appraisal. She told me they no longer reconsider liquidation appraisals because by law they can't. She told…"
"The negotiator might not be willing to give you something saying the deficiency is waived, but he or she should be willing to give you something in writing confirmed it is indeed a HAFA short sale, then you have the HAFA regs to prove the deficiency…"
If anyone has this list, I sure would like it. I'm meeting with a Cenlar short sale client this afternoon and would like to try a HAFA. My email address is [email protected],. or you can post it here. …"
"I dread B of A FHA deals. They've even tried to tell me they don't do them as FHA Pre-foreclosure sales, and I've had to get HUD involved for that to change.... seem to always get done, but it can be 6 months or more, just…"
"In Washington state a second mortgage lien can be "stripped" in a Ch. 13 bankruptcy if there is insufficient equity in the home. It's done by motion after the bankruptcy is filed but before a plan is confirmed. Since…"
I've been a realtor with John L. Scott for over 10 years. Until May of 2010 I was also a real estate attorney, and finally gave that job up to focus full time on real estate, particularly short sales. I did loan modifications for clients for over a year, and the short sale process is similar. I am a Certified Distressed Property Expert and also did the Harris R.E. School short sale program.
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