In Arizona our state association (Arizona Association of Realtors; AAR) has strived to generate standard contract forms that provide consistency to business of buying and selling real estate. When…Continue
"I have just gone through the homesearch.com auction process as the listing agent. A buyer's bid was accepted. Right after the contracts were signed I sent the buyer the SS affidvate Nationstar requires him to sign. When following up this week…"
"I currently have a short sale with Nationstar. We went through 2 auction periods with Auction.com and did not meet the reserve level. After the 2rd auction.com attempt, I provided an offer through equator for consideration. The asset manager said…"
"Nationstar has a specific list of items that will need to be provided by the owner. They will also require you go through a auction process to find a buyer. If you already have an offer on the property or if the initial auction process does not…"
"How is the buyer out any money? Would not the contract be cancel-able since there is a short sale contingency and earnest money would be returned with no lien holder approval? Or are you talking about time lost by the buyer?"
"The tax liens I have to deal with are mostly property which I should of stated upfront. This often happens with short sales where the taxes were paid as a part of the owners PITI payment and payments are not made. Well, like I said I don't…"
"I don't know about Georgia, but in Arizona the tax lien is sold to an individual who holds the lien based on an auction that paid the lien back. The owner of the lien is an individual who is racking up the interest rate that was a part of the…"
"In previous deals where this has happened I have had the seller negotiate with the 2nd and receive a lien release from the 2nd thereby removing the issue with the first prior to close of escrow. This of course means the seller is paying everything…"
"I would suggest that you did not have "full approval" but I could be wrong. Full approval would be where Chase has sent you and your seller a letter that states the terms of acceptance which is in effect a contract between the seller…"
"In every case that I have worked with Bankruptcies, as soon as they have been discharge the lien holders refile for foreclosure proceedings. The owners I have worked with received the notice of foreclosure proceedings after 30 days deliquency of the…"
"Wow, this deal is so bad on so many levels it hurts just to read about it. But ultimately, the listing agent has the biggest problem in my opinion. He has lost control of the deal and maybe not intentionally, but has abandoned his responsiblity to…"
"Since the agreement between the seller and Freddie is not a part of the purchase contract, the listing agent should inform the buyers agent that this has nothing to do with the purchase contract. In some states sharing the agreement…"
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