"it is a completely "AS IS" sale. you must present your own bpo to chase along with pprofessional bids. Don't give up. Just keep pushing it. they are not local and it's up to us to paint the best pixture with the facts. afterall,…"
I have had the most success when I make the problem 'property specific' and not 'buyer specific.' When making the problem 'property specific' I point out all of the reasons why it is in the Lender's…"
"John, No surprise....
I've been in a similar situation previously with Chase. Is the investor Deutsche Bank? If so, you may as well walk away and not waste another minute of your time.
My similar situation -…"
Here is a Summary of the Situation:List Price $822,000 based on condition, location & value.Made an Offer contingent on walk through by BuyerI represented the Buyer and in the process of initial walk through discovered Foundation and severe Structural Issues.After speaking with the neighbor across the street it was disclosed to me that the Subject home and the adjacent properties have all suffered Severe Foundation and Structural Issues apparently due to them being on a slope and the…See More
"Wayne, well said. You are right about the cash out refi and the implication of taxes. As far as the Owner taking a low ball offer please refer to my comments to Stephen below. If the Seller in Dennis' deal has a house that should bring $2…"
"Stephen, I think the others that have replied about getting a BPO done ahead of time should have preceded my comments, I have done many BPOs and any SS Listing or Buyers Offer should start with an Accurate CMA or BPO! The bank values the property…"
"Ron, well said! I was trying to address the Financial Impact only to the Seller in my comments, you make a great point about the states not having reciprocity to the federal law. I read my comments over again and realized some may be confused tax on…"
"If the Seller occupies as Principal Residence then he will get the Personal Residence exclusion for the tax on Forgiven Debt. If the Seller is not living there then there are 2 other ways to get an exemption: 1. Insolvency or 2. BK these sound…"
"Let me know if you still need help I am available, thank you! John Bell 858-344-9486 very experienced With lots of military clients and just about all lenders, have close to approximately $75 million in short sales"
"We were successful in getting the short sale closed Bank of America qualified the seller for $30,000 but USAA asked for $16,500 from the Seller as an assignment on top of the $2500 HAFA money. Sounds crazy, but that's how it stacked up. Seller…"
Coronado, San Diego, La Jolla, Rancho Santa Fe, Del Mar, Rancho Bernardo, Escondido, La Mesa, El Cajon
Specialize in All Types of Short Sales, Complicated deals, Junior lien problems, Delay of Trustee Sales, Lender specific issues, Out-of-the-Box thinking for Solutions to Short Sale Problems. Worked with Bank of America, Chase, Wells Fargo, Citi, SunTrust, National City, PNC, Aurora, Ocwen, Bayview, Real Time Resolutions, Dignified Transition Solutions, GreenTree,
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