Started May 30, 2012 0 Replies 0 Likes
We have a Buyer attempting to purchase a new primary residence; a SFR non-FNMA short sale. We also represent the Seller in the transaction.The Buyer is putting down 80% LTV and has 700+ credit…Continue
Tags: deficiency, payments, boa, heloc, of
Started this discussion. Last reply by Bryant Tutas Feb 29, 2012. 1 Reply 0 Likes
Late last year a short sale property in Plantation, FL with a FNMA 1st and SunTrust HELOC received a $295k offer. FNMA servicer counters at $305k based on a bad BPO. SunTrust never acted; Buyer…Continue
Started this discussion. Last reply by Meli Van Natta Feb 12, 2012. 10 Replies 0 Likes
Here's the scenario: Homeowner stopped making payments on both first mortgage and HELOC. 18 months later a short sale is approved by both lenders. Lender #1 gets the bulk of the sale and nets $200k…Continue
Tags: exclusion, insolvency, 1098, interest, paid
Started this discussion. Last reply by Stephen B. McWilliam Feb 8, 2012. 4 Replies 0 Likes
Recently, I've had a couple of friends that have had to short sale their homes. In fact, one friend lost his home in foreclosure before the short sale was approved. All of them were over 61 years…Continue
Posted on July 9, 2011 at 5:00am 6 Comments 0 Likes
I am still amazed at the number of REALTORS® that continue to list short sales and either attempt to process the short sale themselves and/or turn the file over to a third party title company. In many of these instances I have noticed the title company charging “short-sale processing fees” at closing in direct violation of the law. In fact, such a charge may be considered a felony as it violates Florida Chapter 494.
Federal and Florida laws involving short sales and their…
ContinuePosted on December 30, 2009 at 2:30am 1 Comment 0 Likes
Posted on December 27, 2009 at 6:30am 1 Comment 0 Likes
Posted on December 26, 2009 at 12:11pm 3 Comments 0 Likes
© 2024 Created by Brett Goldsmith. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
Comment Wall
You need to be a member of Short Sale Superstars to add comments!
Join Short Sale Superstars