"I think you are spot-on. Matter of fact, seller cannot afford and will not replace extra parts, sorry, so, do you want to give this to the next buyer or take it as is? I doubt that there is anything else that the seller will/can throw in to make the…"
House is gutted, flooded in Hurricane Sandy. Most of the drywall, all of the flooring and all of the appliances were removed right after the water receded. The value is in the land and location. House will need to be lifted if it's renovated, or torn down and replaced with a house on pilings. Current buyer intends to renovate and lift. Buyer is looking at having to put $150K+ into the house to finish it and bring it to the new elevation requirement.My seller left the light fixtures up…See More
"I, too, am working with DTS on their BAC short sales in my area. If the borrower indicates that they are doing a mod, working with another agent, or are already listed, that is supposed to be indicated in the portal and no further contact is…"
"Quick question...I'm working with DTS on a BAC 1st lien, and they want me to start the 2nd lien short sale ASAP. E*Trade through CLC is second. I have the short sale package and am putting everything together, but we don't have…"
"Sounds like something Fannie Mae would do. My suggestion is just keep working it. They might not be reasonable now but sooner or later one of two things will happen: either they become reasonable or the market will catch up. It might take a year or…"
" I had the same situation here with one of my Listings in South River,NJ. I sent them many pictures "before and after" ,and explained how the neighborhood was flooded,with pictures too,fallen trees over the roofs,and so on.When…"
"If your investor is FNMA, you can find plenty of complaints of them boosting the price 20% (to foreclose then list the property on their website and give buyers a special deal of not having to appraise the property but eligible to get a loan from…"
I just started working with DTS about 3 weeks ago and am in the process of doing my first listing. The house was a nice 3 bedroom waterfront ranch until Hurricane Sandy hit 5 months ago. The house is now gutted, along with nearly every other house in the neighborhood. Before the hurricane the house would have been worth close to $400K, now the sold comps within the last 2 months are anywhere between $140K and $200K.DTS training materials that I received 3 weeks ago said the list price would…See More
"I was initially contacted by them in December, just started getting leads from them this past Monday. They require 3 phone calls and 3 door knocks in 14 days in an attempt to get the borrower to talk to DTS on the phone. No listings yet,…"
"I called a few weeks ago to verify that my Listing Agreement extension was received. I was told yes, they had it. I called yesterday to verify that subsequent documents were received and I was told that they were still waiting on the…"
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