"I JUST received short sale approval....this has been going since early November. A BIG THANK YOU !!! To Ted Blaisdell [email protected] For the "old time" short sale negotiators, he used to handle the Wachovia…"
Were you the person that we used to work with before Wachovia was sold? If so, you were always very helpful. May I also send an email to you? I have a WF short sale - started in November. It is being processed outside of equator.…"
"Thank you Chad. I too have closed many FHA short sales, and there were no restrictions. I don't have my approval yet on the reverse mortgage, so I just wanted to make sure there were no surprises. Thank you so much for your quick response."
"That is great news! Sheesh....considering the fact that they do a FULL APPRAISAL and have their own guidelines as to the percentage and amount that is an acceptable net to them, you would think that they could care less as to which agent/agency…"
"I did a short sale with Wells Fargo & theSBA. It was actually a short sale on a commercial property, but they also had a lien on the borrowers principal residence. Just a thought....would they accept the verbiage of $2,500 for a lien release…"
I have been a full time Realtor for more than 22 years. Prior to my real estate career, I worked in a short Sale/Foreclosure/Asset Management division of one of the largest banks in the country. This is my 2nd time around in this short sale market, and the majority of my listings are short sales.
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Hi Laura, have you had any luck with buyers being able to contribute to the 2nd on with an FHA loan ?? in my case the buyer would get credit (same amount) toward closing costs, but the buyers agent is saying FHA may not allow ANY contribution even though it's being credited back to them off closing... any input would be wonderful, I hate to see this deal that has been 9 mos in the making just fall through and have to look for new buyers without an FHA..... Thanks !!! Amy
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