briank
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Latest Activity

briank replied to briank's discussion Negotiating Deficit Questions?? in the group NationStar Mortgage
"so day 92, we heard back from the second lender and now the second mortgage has been handed over to a collections company. The seller's attorney has agreed to a settlement amount with them, but it needs to get processed back through the bank…"
May 2, 2012
Ban KKiller replied to briank's discussion Negotiating Deficit Questions?? in the group NationStar Mortgage
"You are in the driver's seat unless you have to have THIS home. Nationstar is not in business to help you. The agents, if they want a commission, should get Nationstar on the phone (good luck) and hammer out a deal. Nationstar is loathe to put…"
Apr 28, 2012
briank commented on Suzanne McLaughlin's group NationStar Mortgage
"Tara, congrats. Is it common for NS to reduce price to match buyer appraisal if a lower price? I would of though they stick to their guns with their BPO?"
Apr 16, 2012
briank replied to Sam Bruckner's discussion Shortsale Timeframe Estimate? in the group NationStar Mortgage
"hi sam, any update from the bank yet? just to give you an idea where we are at, our BPO was ordered and completed on day 45 from our offer and today is day 75. Today we just heard back from the bank regarding the second mortgage lender shortfall. If…"
Apr 11, 2012
briank added a discussion to the group NationStar Mortgage
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Negotiating Deficit Questions??

Today is day 75 since submitting our offer and we just received a call from our agent with a message from the short sale bank (NS). The second mortgage lender has asked for $12,500 to close and the NS has agreed to give them $6,000. The bank is now asking us (the buyers) and the sellers if we will make up the difference.Some more info: All docs have were processed by NS quickly and BPO was ordered and completed on day 30. Our offer (we are the buyers) was $320K for a home worth somewhere…See More
Apr 11, 2012
briank replied to briank's discussion BPO transparency in the group NationStar Mortgage
"thanks, and all answers were in line with what i expected. I am expecting the worst and that we will need to refute the BPO based on a lot of what I have read on this forum. I just wanted to make sure that there wasnt other options to get…"
Mar 21, 2012
Lisa Wiseman replied to briank's discussion BPO transparency in the group NationStar Mortgage
"Brian, I have been a listing agent for NationStar and other banks REOs, I have also been an agent for a BofA in a short sale listing, and selling agent with other banks. I have yet to see a bank willing to provide this…"
Mar 20, 2012
joe beauchamp replied to briank's discussion BPO transparency in the group NationStar Mortgage
"They all take the position that they paid for it, therefore it is private info.  Under duress and pressure, you can get it, after a cozy conversation with a decent negotiator, you can also get it but not stated as the BPO.  On the other…"
Mar 20, 2012
Kevin - Greenville, SC replied to briank's discussion BPO transparency in the group NationStar Mortgage
"BPO Transparency...LOL."
Mar 20, 2012
briank added a discussion to the group NationStar Mortgage
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BPO transparency

i have heard mixed reviews on whether or not short sale lenders share BPO results with buyers if requested. Does anyone know NationStar's policy? I would expect them to just counter or accept our existing offer once the BPO is received and not share the results.- Brian the BuyerSee More
Mar 20, 2012
Tara Samney replied to briank's discussion Time to Push or Push the Time?!? in the group NationStar Mortgage
"NS moved quick and were very responsive afterwards on equator. Approx 3 weeks for me after that and it was with mi. Don't forget your 2nd. Nothing moves forward without the first agreeing to the payoff."
Mar 13, 2012
briank replied to briank's discussion Time to Push or Push the Time?!? in the group NationStar Mortgage
"Just an update here. On day 26 I provided the NS buyer loan application to the sellers attorney as mentioned above. On day 33 (yesterday), the BPO was already ordered and completed! We are expecting the bank to get it by this Friday. Hopefully this…"
Mar 13, 2012
Liane Jamason replied to briank's discussion HARP refi impact on new primary residence short sale in the group NationStar Mortgage
"You should not open or close any new lines of credit during the home buying process including doing a refi or you might risk losing your loan approval on the short sale."
Mar 7, 2012
briank added a discussion to the group NationStar Mortgage
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HARP refi impact on new primary residence short sale

All, I am currently in the short sale process for a new primary residence (I am the buyer). You may have seen my other post regarding our timing. We are about 30 days since we submitted our documents to the bank.During those same 30 days, I have also been approached by Chase (my current mortgage lender for the home we own) regarding the HARP 2.0 program which would allow us to refi our home at a more competitive rate (4.875% vs our current 6% rate).My mortgage broker we are using on the short…See More
Mar 7, 2012
briank replied to briank's discussion Time to Push or Push the Time?!? in the group NationStar Mortgage
"Wendy, Tara and Others, Sure enough, the seller's attorney reached out to me today to tell me that NS needed the buyer pre-approval application filled out! At least I know NS has seen my file now and hopefully the buyer pre-approval is the only…"
Mar 5, 2012
Wendy Smith replied to briank's discussion Time to Push or Push the Time?!? in the group NationStar Mortgage
"yes, I have a NS that is in closing now; another one we are challenging the BPO, and I can think of at least 2 other files that were NS that closed in the last couple of months (sometimes remembering which lender on which property starts to blur…"
Mar 4, 2012

Profile Information

First Name
brian
Last Name
kilpatrick
Are you a...
Buyer
State
Florida
City
Tamarac

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