"In SoCal it would be "Backup" or "Contingent" until apporved and all Buyer contingencies are removed then it would be "Pending" until "Sold". In any case, once signed by Buyer and Seller it is NOT…"
Jill Ford's Discussions
how to handle a short sale contract in MLS
Started this discussion. Last reply by Thom Colby 888-391-5245 CA Brkr Apr 2. 6 Replies 0 Likes
seems like a pretty basic question and I should know the answer but I am unsure. If an offer is signed by both buyer and seller and submitted for 3rd party approval is it contingent or active status…Continue
Bayview Loan Servicing
Started this discussion. Last reply by Gordon K Feb 16. 3 Replies 0 Likes
I am working a short shale that was a Bank of America loan. In the middle of the process the loan was sold to M&T Bank and we had to start over with the new owner of the loan, a month wasted. …Continue
I knew when I took the listing that I was going to be sorry.
Started this discussion. Last reply by Ban KKiller Apr 28. 19 Replies 0 Likes
We wrapped up a short sale last week, closed on Tuesday, funded on Weds, in which the first mortgage holder was paid in full, a second and third got shorted. Today I got a call from Nationstar, the…Continue
Multiple lenders short sale
Started this discussion. Last reply by Cody Lampariello Dec 12, 2011. 8 Replies 0 Likes
I am currently working a short sale where the offered price pays the first mortgage holder (VA loan) in full, and has about 60% for each of the remaining two mortgage holders. I was told Friday we…Continue
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Thom Colby 888-391-5245 CA Brkr replied to Jill Ford's discussion how to handle a short sale contract in MLS
Jeff Payne replied to Jill Ford's discussion how to handle a short sale contract in MLS"Pending in my area, no different than any other contract"
Harry Clay replied to Jill Ford's discussion how to handle a short sale contract in MLS"Here in Bakersfield, our MLS rules say the property is Contingent once a short sale RPA is fully executed.
It is Pending upon receipt of the Short Sale Approval Letter.
"
Tara Semtner replied to Jill Ford's discussion how to handle a short sale contract in MLS"Check with your local Realtor assoc on MLS regulations. Where I am at is pended BUT that just went into effect last summer. Before that we were allowed to market as active as long as we wrote it was under contract and looking for…"
"Thanks Bryant, that is what I thought but the question came up and I wanted authoritative back up for my position!!
"
Bryant Tutas replied to Jill Ford's discussion how to handle a short sale contract in MLS" A fully signed offer is a contract. The property should be in pending status."
how to handle a short sale contract in MLS
seems like a pretty basic question and I should know the answer but I am unsure. If an offer is signed by both buyer and seller and submitted for 3rd party approval is it contingent or active status in MLS?See More
"My current M&T short sale is one on a recently purchased Bank of America loan--this department appears to be separate from the regular ss department. I spent all of last week and half of the week before emailing everyone whose email…"
Gordon K replied to Jill Ford's discussion Bayview Loan Servicing"Thank you Jill. I just emailed them. We'll see what happens."
"Gordon,
I have been calling every number I can get my hands on, and leaving messages everywhere. I got the following email today (see below) and got a call from the person who told me they would call me "next week" three weeks…"
Gordon K replied to Jill Ford's discussion Bayview Loan Servicing"I am in an identical situation. Original loan was with Bank of America, sold to M&T, now being serviced by Bayview. We have had a buyer waiting since NOVEMBER, and we can do nothing at this point.
We have been through close to 10…"
Bayview Loan Servicing
I am working a short shale that was a Bank of America loan. In the middle of the process the loan was sold to M&T Bank and we had to start over with the new owner of the loan, a month wasted. Now we are being handled by Bayview Loan Servicing, and in my most recent conversation with someone who appeared to have some authority, I was emphatically promised a call-back "next week", the week ending Feb 3. So far nothing from the agent promising that call back and lots of deflection when I…See More
"I got word this afternoon that this deal has resolved--legal fees have been waived. Apparently, according to our closing attorney, the substitute trustee/attorney for the lender was not the source of the fees, it was Nationstar ANTICIPATING…"
Joseph Alfe replied to Jill Ford's discussion I knew when I took the listing that I was going to be sorry."Correct, currently, my license is inactive and held in the B&W Holding Co."
Thom Colby 888-391-5245 CA Brkr replied to Jill Ford's discussion I knew when I took the listing that I was going to be sorry."And full -disclosure, your license is with Baird and Warner, correct ?"
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Comment Wall (1 comment)
- At 7:21pm on October 10, 2010, marymabou said…
- Hello,
My name is mary, i got you from shortsalesuperstars.com and i want to have a
good relationship with you, please i need your cooperation,
am yours mary
this is my email address,(marymabou0999@yahoo.com)
THANKS ALOT PLEASE CONSTACTS ME IN
MARYMABOU0999@YAHOO.COM.
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