Since it is an FHA short sale, the taxes are escrowed and paid each year. All that should be owed are the prorated 2013 taxes. HUD allows the taxes to be paid from the proceeds of the sale - and will approve a contract as long as the…"
"It is standard procedure for the servicer to counter back at the full appraised price - but they will accept the required net per the tier you are in as regards the the PFS program.
My recommendation is to just respond back that the offer…"
"You need to submit a "short sale package" to them and after receipt and review, they will order an appraisal of the property. Upon receipt of the "as is" appraised value - the lender will issue an ATP that needs to be…"
"John- We finally closed on the Wells Fargo FHA/HUD short that you helped me with. They finally did a new appraisal which came back $30,000 lower. The buyer's hung in there and ended up with their home after 6 months! Their lender…"
"How would the seller waiving the incentive move the deal forward. Why would this even matter to the buyer. If the net offer meets the FHA guidelines - then the deal should get approved. If it does not, then a variance will have to…"
First of all- they have to provide you a copy of the appraisal if you ask (Part of the FHA guidelines). I work with Wells quite a bit on FHA - so maybe I can help.
Also, if they will not order another appraisal for you -…"
"Having a property listed and entering it into your MLS system are 2 different things. Having a listing (or having a property listed) means that the property owner and the agent have entered into a written agreement to have the agent represent…"
I am a realtor in the Dallas/Fort Worth area and I specialize in short sales. I have been working short sales almost exclusively for over 2 years. I have a very high close ratio with my short sales and I work to stay educated any and all changes in the "short sale world". Through the years, I have worked with most of the servicers and have developed many beneficial contacts.
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John- We finally closed on the Wells Fargo FHA/HUD short that you helped me with. They finally did a new appraisal which came back $30,000 lower. The buyer's hung in there and ended up with their home after 6 months! Their lender appraisal came in only $500 over their offer price- close one.
Darlene Krause started the discussion "Executive Office" in the group Aurora Loan Services on Short Sale Superstars
------------ If you are having problems with negotiator at Aurora you can call 866-420-3167 and let them know what the issue is and they will follow up for you. This is the Executive Office for complaints. The person I spoke with had access to the file and was able to see what was going on and determined that it needed to be forwarded to the Manager. Hopefully, this will help me move this file forward. ------------
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