We have 2 of our short sale files that are now requesting that the file be handled through National Quick Sale. It is $99 to set up (they waived the fee for me). Now they are also telling us that…Continue
"Hello Ian, did you ever found out about this? In my transaction SLS wants 6%,,thinking about offering promisory note for the remainder(6%-what 1st is offering)
What happens if we say no, and put the property back in the market, then would SLS more…"
"Does anyone know their timeline and process? I have a contract and have been waiting nearly a month for them to tell me I can submit it. I call at least 2-3 times a week and keep getting different non-answers. I'm afraid we may lose the buyer…"
"I just looked into this post and am having the same issue. I have received a SS approval letter, approval to participate, and closing worksheet. None of the forms mention the discharge of the lien. Buyers title company will not…"
"From an older Mortgagee Letter - Borrowers who successfully sell their properties using this option are relieved of their mortgage obligation, and are entitled to receive consideration in the amount of $750. If…"
"Pre-Foreclosure Sale: In cases where the borrower is unable or unwilling to maintainownership and the market value of the property is less than the level of debt, this option allows borrowers to sell their property and apply the proceeds to…"
According to the Program Director (Matt Martin) of The National Servicing Center at HUD they won't pursue if the Borrower in good faith participated in the PFS program, whether it was successful or not."
"Update my sellers were sent a letter from Chase attempting to collect this balance! I called the HUD hotline and they advised that under this program the servicer can only go after investors and not private individuals who were occupying the home.…"
Twice in the past I have gotten SLS to chage the letter to the amount the first lender will allow and then they gave us a Promissory Note for one week for the additional amount. We paid the Prom Note outside of closing on the…"
"I just got off the phone with a Chase rep and they said HUD will not waive deficiency. The waiving of deficiency as noted in the program guidelines is only applicable to owners that didn't sell under the PFS program and were foreclosed upon.…"
"Bryant, I reread the letter to participate, the approval letter AND the arm's length affidavit and NONE say anything about having to be an owner occupant. I'm hoping that the lady I spoke with was just uninformed or confused. And yeah I…"
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not necessarily 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.