"Is the transaction going through HAFA? If so, HAFA allows relocation incentive to tenants if they are occupying the home. The check will be cut to the individual listed on the settlement statement / occupying the property. Escrow/title/closing…"
"some banks are giving incentives to tenant if the owners dont live in the property. They will do one or the other..So yes it goes to the tenants. Escrow will cut the check for them. unless you can negotiate half for sellers and half for tenants for…"
We are doing a short sale on a tenant occupied duplex. One unit is vacant, the other is still occupied. Ocwen says to put $10,000 on the HUD as an incentive for the tenant.Does anyone have experience with this particular situation? Does the one tenant get all the money? Do they get a check in exchange for keys? Who is responsible to handle this transaction?Any insights you can provide will be appreciated. Kathleen Sheridan WEICHERT, REALTORS - McCarthy Associates Philadelphia, PASee More
"Sounds to me like the buyer is being a PITA. What was the buyer doing during the 10 days it took for you to get the extension? Tough crap what is in the purchase agreement. The only thing that really matters is what the short sale approval letter…"
"Who is the investor on the loan? You should just be speaking and working with the closing officer at Green Tree or their manager. They don't have an escalation department. Typically they can get extensions issued very quickly if they…"
My short sale has been approved. The buyer is paying cash. They agreement of sale says that the buyer will close within days of receiving written short sale approval. Green Tree asks for closing in 20 days. Buyer says they need 30 days as per agreement. Green Tree agrees to extend settlement, but by the time they send the new approval letter there are only 20 days. Buyer says they need 30..............Can I escalate this issue anywhere? Any suggestions would be appreciated. See More
"Your message means that Chase is hiring people whose writing experience is limited to texting their BFFs. LOL.
At least Chase is letting you know that there is a delay for some purpose, which is much better than no communication at all."
Yes...just today. I have been asked by my negotiator on my short sale to provide a pre-approval letter and proof of funds in the Buyer's name that equal the purchase price. The buyer is using gift funds and has not…"
"My client lost her job and moved out of state for her new job. She and her husband rented out their house to cover the cost of the the FHA mortgage. The tenant stopped paying, had to be evicted. They want to sell the house, but they owe more that it…"
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