"Your problem illustrates the biggest problem here. The buyer has all the incentive and the sellers agent has all the authority and responsibility and is often clueless and careless. The buyers agent has the least power of all. Once the seller signs…"
"We had the 3rd party documentation rejected twice with no reason given the first time. Second time they said illegible because the name wasn't exactly on the line. So try to make a good PDF of the documentation."
Looks like I did post to the wrong place. Thanks for answering.
Excellent outside the box thinking. An empowered buyer! Wonderful. I'm sure the sellers agent is anxious to please you because if you walk, there goes a good part of his…"
I hope I'm responding to the correct posting. I think you're right on. Just curious but would you have been able to get the seller to give you third party authorization if you had not had the seller's agent as your agent?…"
"In my case, we had a third party negotiator and it went much better. Some of the skills needed for a short sale are quite different from the normal sale.
Short sales are perhaps the one time when dual agency makes sense ( the agent works for both…"
"Here's a suggestion. Probably take a miracle to make it work. See if the seller agent (and seller) would agree to let a third party negotiator work with Equator. You pay the third party negotiator. Pick one that will work closely with you. Good…"
"It wont delay things, if anything it will speed it up. what happens if FHA will contact BAC and then someone will call you. Or if you talk to a manager in BAC without going to FHA it will have the manager contact the negotiator and the negotiator…"
"It also depends who you are talking to. If you are talking to SS support they might not be trained so they dont know they have to disclose that information and actually give you the min net requested and appraisal amount. If thats the response you…"
"I guess you sent a message to the group. You might start a discussion also.
In a BofA short sale, the listing agent is almost all powerful. Your agent is the least empowered of any of the parties.
You love your agent, but my recommendation is to…"
"My experience with only one sale is that BofA took between 5 and 7 working days to respond to a counter offer. I think almost the entire time was taken going back to FHA (seller had FHA loan). I think the length of time is mostly with MI or the…"
This is a short sale. BofA is the servicing agent. Don't know the investor. Seller has FHA loan. I work for sellers agent. BofA is demanding a very high price for this property (which may kill the deal) and I want to check the appraisal. Bank refuses saying that "it's an internal document" and they are bound by "notace of righ to receive apprisal" (sic) Mortgagee Letter 2008-43 seems to me to grant the homeowner and the Agent a copy of the appraisal. Am I within my rights to get a…See More
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