Hey folks,I have a potential FHA short sale where the borrower(s) qualify for the FHA preforeclosure sale... the wife has been out of work for years now, income reduced, upside down in their…Continue
Hello all,This is a new one on me. Nationstar provided the FHA ATP letter, and I just received the "letter of offer acceptance" a few days ago.I provided the payoff statement for second mortgage to…Continue
Does anyone know where we can get a fillable PDF of these new forms that need to be used starting Monday October 6, 2015. NationStar was nice enough to email send out an email with instructions, but…Continue
Has anyone ever seen a lender agree to a short sale where the buyer is related to the seller.The Purchase Agreement states the buyer is going to live in the property as their primary residence, and…Continue
I have a VA short sale, Wells Fargo first lien holder and CitiFinancial holding second. Wells Fargo already appraised the property, so I know the minimum net amount Wells wants to receive at closing.
In order for Citi to release the second, Citi wants the seller to pay $1,000 "good faith deposit" at…