"Yes, but it was B of A and FHA. The bank said "oh Well". FHA told B of A to file in court to reverse, bank said no. FHA put a claim block on the guaranteed payment to B of A. That got wheels turning and the short sale was completed. So I…"
I really need someone to help me on this one...... My short sale team has been working on this short sale for 2 yrs and we ALWAYS had an offer on it. They have done about 6 BPOs and appraisals. The short sale team calls them once a week for updates and if they have a sell date, nothing of coarse. The bank keeps responding that they are waiting for the file to go into under writing but nothing yet. As the team was searching for something else they seen that this home was foreclosed a few…See More
"Man this bank is killing me.... I have a seller that is trying to short sale her home and it's been on the market for a year and a half. We have had the same buyer for most of the time but when we started the price was what the market is…"
"Sounds strange, I'd reach out to HUD for additional information and/or clarification. It is normal for FHA loans to go through a modification review prior to a short sale review. Typically if they are declined for a modification it should…"
Hello.... I have a seller who is getting a divorce from the husband but they are both living in the house. The wife is about to move out but the bank wants them to do a mod and the sellers just want to short sale it. The bank said that the HAVE TO do a mod and if they don't qualify then the will still not do a short sale and the home will go into foreclosure. it is a FHA w bond money..... Has anyone heard of this or know what to do... We have a cash buyer ready to go.See More
I am having the same problem BOA only wants to give real time resolutions $3000 and they want between 4000-6000. If you come up with a solution let me know? I have been working on this file for over 8 months now."
Hello all...well we all know how wonderful real time is....lol anyways I need help! I final just recieved an approval from them and they are the 2nd lender and boa is the 1st. BOA is only giving RT $3000 but on their approval letter wants $8300.... My seller does not have it, what can we do???
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