"Elizabeth is correct! Jenny, get someone else on this ASAP. You won't collect a commission, and this is not arm's length, which puts you at risk as far as your license and involvement! There are some really good resources for HUD/FHA…"
"@Jenny, I have successfully completed several short sales where there was a non resident person on loan and/or title. We wrote letters of explanation as to why they had abdicated their interest in the property. We did not use their…"
"Interesting...It is usuaally part of the contract..SO it would appear that the negotiator has some knowledge...ther eis the BIA-A and the BIA-B, which goes wtih the BRNN...The BIA is automactically included in the doc requirements for the puchase…"
"This is not only a short sale, this is a HAP short sale. HAP's are tricky even if you know what you are doing, because there is another layer of Government Bureaucracy on top of the usual short sale bureaucracy with BofA. You…"
"BofA wrote off a lot of their 2nds...Literally, wrote them as paid in full...If there is no record of the 2nd, then maybe this is what happened and the disposition of the loan is noted incorrectly in their system."
"Chase has a department that actually will review evaluations. The best thing to do is call into customer service and state your issue and that the negotiator will not listen to reason and ask that you be connected to that department or that…"
"@Allan: Really??? Isn't this the reason we arrived here right now where we are??? More oversight usually equals more opportunity for special interests to gain more power and control to manipulate the system more...there are laws in place that…"
I have been real estate licensed since 1988 and worked in Corporate and Private Mortgage Lending and Banking for 15 years. I understand both sides of the desk which allows me to work well in this short sale environment. My mission is to make a difference with home sellers while making sure the banks are receiving fair market value.
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