"Amy, that's good news as if it was an FHA loan with HUD as the investor, their guidelines REQUIRE that the borrower be greater than 30 days late on their payment as of the short sale closing date. I've requested a variance from HUD…"
"Kirsten, about the notarized signatures question you asked.
How I've handled this (as a Listing Agent) about 35 times now is that I have my closer at the title company (who is a Notary) do the notarizing of all the parties signatures in…"
"Vernice, this shouldn't be a problem as the buyer wouldn't be a blood relative as described. The buyer's name, therefore, shouldn't bear any semblance to the seller's name on the contract and should just fly through…"
First, I can't give you an exact % of how often Chase (or any other lender) will go ahead and take a deal that they've countered on and the buyer refused (for any reason) to improve their offer. But, I can tell you for a fact…"
"Gabe, I stand by what I said. You need to get the negotiator to "sanity check" this with the investor as it makes no sense. In the event you're not getting the full picture - as them to justify the greater than full payoff…"
"Gabe, it's obviously a mistake. It's illegal for them to demand more than a full payoff. Someone can't work a calculator. Call this to their attention and watch the demand figure change before your very eyes!…"
"Nancy, I've closed multiple short with Citi and their one of my favorites to work with. It sounds like they're working their standard process with you and that's a good thing. Just check-in once a week and push things when…"
Realtor specializing in listing, negotiating, and selling/closing short sales in Fort Worth, Texas. Closed about 30 short sales to day (2/15/11) - somewhat of an expert. Always looking to learn new tips, tricks, techniques, and willing to share the same!
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I have read some of the comments you have made and know that you are well versed in short sales. I myself am a short sale negotiator full time. I am having an issue currently with GMAC and am in need of contact information higher than my negotiator. Any information you can provide me with would be greatly apprecaited.
Good morning, Kent, and thanks for adding me to your list of friends. In these challenging times we need each other to concquer the hurdles put in our way by banks and regulations. Let's work together!
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