We are Jacksonville Real Estate professionals with Re/Max Unlimited in the Jacksonville, Jacksonville Beach, Ponte Vedra Beach, World Golf Village, St Johns and St Augustine Florida area. We specialize in helping buyers and sellers in short sales.
"ANY CURRENT FHA//HUD CONTACT? Does anyone know if Darrell Powell is still available to pull a file a variance request from the FHA swamp? If not, is there anyone currently doing what he once did for us? Thanks.…"
"I luv luv luv Carrington when doing short sales! I submitted our pkg and GOT FULL APPROVAL TO OPEN ESCROW IN 3 DAYS! IT WAS AWESOME!
CLOSED SUPER FAST.... NOTE: AT THAT TIME THEY DID NOT
GIVE THE $3000 FOR RELO EXPENSES TO SELLERS…"
"If it's a FHA loan (Carrington Services quite a few) and the borrower hasn't been reviewed for a modificaiton within the last year, they likely will need to go through a home rentention review prior to a short sale. Carrington also…"
"I completed a Carrington short sale late last year and it was very fast, 3 to 4 weeks. Everything was completed via email and the negotiators were very cooperative and competent (and it was 2 loans at Carrington)."
"I'm having a problem with Loancare , We have an FHA appraisal that was done Jan 2017 for 189,000 per FHA guidelines they should net 158,760 . Our offer is for 177,000 @ 6%. FHA will net more than 158,760 but the servicer continues to…"
"I am negotiating a FHA short sale where the servicer (Kentucky Housing Corporation) owns the second mortgage. They are refusing to order the appraisal because they said they would get in trouble by FHA for ordering it when they know it is worth more…"
"FHA short sale with Wells. ATP for price of $181,500 issued on 3/1/17 and good through 6/29/17, fully executed by seller and confirmed in WFC hands. Now WFC says appraisal is no longer valid and new ATP is needed with new appraisal of $205,000.…"
Yah!!!! I agree with that one hundred percent, however too late someone else told them. Yes, your input is very helpful, that is how I feel across the board. I did contact their attorney and that is what he advised them to do :) Thanks so much Fiona
Dear Stephanie, in reference to HUD short sales. I have a client who owes $280k on his mortgage and his house is comped at $330. We have it priced as a non short sale at $319, tons of showings no offers, house needs some work and updating at that price. Someone suggested to him to stop paying his mortgage and short sell it at $279. Given the big difference in price I feel this would arouse a suspision with the bank (rightfully so) and suggest we drop the price in 30 day incriments by $10k if no offers, right now a $305k offer will break him even with no foreclosure on his credit. He refuses to and just wants to drop it so he can get out. Thoughts???
Hi Stephanie, Welcome aboard. You are officially our first Short Sale Superstar!! Wendy and I are here to help in anyway we can. Please bare with us as we build this site. Also, feel free to add any information related to short sales that you choose.
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