Kathy Marlowe Florida: Like

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Kathy Marlowe's Groups

Bank of America Short Sa…

1591 members
2718 Comments 38 Likes
Equator

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Kathy Marlowe's Discussions

LCS - need advice regarding negotiating with them

LCS has the second and will not agree to what the first (BofA offered $3000). They want $12,000. Does anyone have any advice? The seller will go into foreclosure if we don't get them to agree. Continue

BofA not wanting to pay FL incentive as promised

Started this discussion. Last reply by Pat Perrotta May 24. 23 Replies 0 Likes

Why offer a program and then do the bait and switch with the seller at the end?Seller was told absolutely you qualify and this is the amount that you will receive. Now they are trying to tell seller…Continue

Tags: Incentive, Florida, BofA

Help - Freddie Mac HAFA demands from seller

Started this discussion. Last reply by Wendy Smith Feb 5. 11 Replies 0 Likes

Has anyone had this happen?The seller is being asked to pay them over $2,000 per month while we try to short sale the home and if we are not successful they will agree to a deed in lieu.Below is part…Continue

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Kathy Marlowe's Page

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Kathy Marlowe posted a discussion

LCS - need advice regarding negotiating with them

6 hours ago

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joe beauchamp replied to Kathy Marlowe's discussion BOA file disappears right after we are told that approval will be received next week in the group Bank of America Short Sales

"BOA has not been using the term QC review until they are ready to issue an approval. The sort of thing you are talking about used to happen all the time at the start of "document collection" - thankfully, not nearly as often these days.…"

Saturday

Kathy Marlowe added a discussion to the group Bank of America Short Sales

BOA file disappears right after we are told that approval will be received next week

Today there was a message stating that the file was declined because it “failed internal quality review".I'm baffled. They just asked for updated docs from the seller.I have had approval on this property before with no problem (unfortunately the buyer walked).Does anyone have any experience with this?See More

Friday

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Kathy Marlowe joined Wendy Rulnick's group

Bank of America Short Sales

This group is for information, tips and solutions for Bank of America short sales. Click the link below for the Bank Of America Agent Resource CenterSee More

Friday

2707 Comments 38 Likes

Kathy Marlowe added a discussion to the group Equator

BOA file disappears right after we are told that approval will be received next week

The message stated "declined" "failed internal quality review"Does anyone have a clue what this means?I have successfully had approval for this property before but the buyer walked.See More

Friday

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Kathy Marlowe joined Bryant Tutas's group

Equator

Here's a group for us to share info about muddling through Equator.

Friday

292 Comments 6 Likes

Pat Perrotta replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"I have gotten up to $20,000 on one and over $13,000 on another. The trick is to get the offer substantially higher than their appraisal. "

May 24

Troy Jenkins replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"The coop letter does not say may. If you read the most recent coop letters state that "Bank of America, N.A. will pay you$____" Chase has had issues with this and they are going back retroactively on their current short sales…"

May 24

Larry Davis replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"Was this promise in writing? What did it say exactly?"

May 24

Kevin - Greenville, SC replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"It just happened to me on a Bank of America Fannie Mae Cooperative Sale. Incentive withdrawn as Owner never occupied."

May 24

Pat Perrotta replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"Brian Tutas was right. I have had two deals recently, one where $17,000 was paid to the owner, and another one was over $13,000, and this person was not an owner occupant, it was a vacation rental. This was the amount offered by BOA, I…"

May 7

Ban KKiller replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"Not the answer you want but a warning for the future. Bank of America is an admitted felon. OK? Then add the fact that they are unorganized and bloated beyond belief. The best way to deal with them is to always copy the authority that regulates them…"

May 6

Lisa Lucas, CRS, CDPE replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"In theory, I agree with what you have said about remaining calm, providing the facts and asking for a file to be escalated. On the other hand, the banks were never truly unhealthy. Hank Paulson and crew paired up the floundering financial sector…"

May 6

Carla Giampaglia replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"I have been reading the remarks and also doing some research into things of this nature. It seems the govt have given the banks a great deal of taxpayer money to use for this program and others like it. It appears that many of the banks are trying…"

May 6

Bryant Tutas replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"The co-op letters and agreements that the borrowers sign have "may" in it. Whenever you see "may" it becomes contingent on whatever BofA chooses to make it contingent on. The "agreement" allows the borrower to…"

May 6

Kelli Kincheloe replied to Kathy Marlowe's discussion BofA not wanting to pay FL incentive as promised

"So far, we have closed 5 transactions with the Florida Incentive ranging from $7,711 to $11,797. And we have several others that should be closing soon with incentives $15k+. The calculation for determining the incentive is 5% of the…"

May 6