Karyl Moore
  • Female
  • Prescott, AZ
  • United States
  • arizona
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Karyl Moore's Discussions

PMI suing the banks?

Started this discussion. Last reply by Jeff Payne Jan 24, 2012. 10 Replies

I had a call today from a past short sale client who said a PMI company wants to meet with them and hear their story of the 3 times they tried to get a loan modification and were rejected (by Chase)…Continue

Tags: modifications, sales, short, PMI, Chase

 

Karyl Moore's Page

Profile Information

First Name
karyl
Last Name
moore
Are you a...
Agent
State
arizona
City
prescott
My Profile
I have been a real estate broker in Arizona for 28 years. Have been working almost exclusively with short sales for the past year plus. Closing rate is about 75%. No ulcers yet but working on it. I seem to be running out of wine faster than before, tho. CDPE, SFR, Associate Broker.

Karyl Moore's Blog

Little Known Problems with Loan Mods

Posted on June 18, 2011 at 10:29am 4 Comments

 

A local lender sent out the email below.  Alhough hardly anyone gets a loan mod, Sellers who are considering modifications -vs- short sale really need to know the info below:

 

In these difficult economic times home owners are often forced to make difficult decisions about how to handle mortgage payment they can no longer afford. One…

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At 9:26am on November 23, 2010, mike w said…
I signed the addendum (change in negotiated price) on Sunday Nov 21 which had a closing date of Dec 31, it will be virtually impossible to close by that date, i guess im close but no cigar
At 9:49pm on November 22, 2010, mike w said…
As the buyer in a short sale situation how can i check the status or try to push for a official acceptance offer letter from the bank, it has been a little over a week and still no official letter?
At 6:57pm on November 22, 2010, mike w said…
i received the verbal acceptance from bank of america, how long does it take to receive the official letter so i can start the loan process
At 1:00pm on August 31, 2010, Stephen Arnold said…
Thanks Karyl~
I'm not sure where to go from here...but it is really frustrating. They really do not seem to care about incurring $1,000's in additional losses from a trustee sale vs. just doing the short sale.
 
 
 

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