Hi folks. If you negotiate Short Sales for a living then you know that a HELOC ( Home Equity Line of Credit) can be a real pain in the rear end. They usually want more money than what the 1st lien is willing to give them and they want the Borrower (Seller) to participate in their loss by making a cash…
ContinueAdded by Bryant Tutas on February 19, 2011 at 8:27am — 3 Comments
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5 Steps for a Successful Short Sale
Lenders and the…
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Does anyone have a direct phone number to the Freddie Mac Short Sale Department??
Thank you,
Cathy
Added by Cathy Rojas on February 17, 2011 at 11:05am — 1 Comment
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Short Sales - But Why Didn't Somebody Tell Us?
Why didn't somebody tell them ... WHAT?
Answer? Why didn't someone tell them they could short sale their home and not have to pay a realtor one red cent.
That's right, many homeowners in distress have no idea they can actually list their home for less than they owe and still be able to hire a realtor to do it for them. Instead, they worry and fret,…
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Hi,
Glad to be part of the blog. I have been learning alot about short sales. We are currently on a contract to purchase one in Virginia as a first home. The first bank (Chase) approved the sale. The second bank (Navy Federal) has approved the sale conditioned on the seller signing a promissory note. The seller said that she will be sign the note but has hired an attorney to negotiate the amount. What are the chances of the sale falling through? How long can the negotiations…
ContinueAdded by Joel Niamien on February 10, 2011 at 7:53am — 2 Comments
Does any one have a good contact for myself so I can start doing BPO's for the Banks?
Thanks so much
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Hello. My clients completed a short sale w/ BOA in June 2010. The home had PMI & was an FHA loan. They received their 1099C last week. They want to know when they can legally purchase a new home w/o worry that someone would come back after them. They're doing a lease to own on a new house from their parents, but for all practical purposes are acting like they own the property. Is now ok to transfer the home into their name or should they wait until 2012 so there's more period between…
ContinueAdded by Maggie D on February 8, 2011 at 2:34pm — 3 Comments
Birmingham Short Sale Agent Offers Straightforward Solutions to Avoid Foreclosure
By Mike Sher, Max Broock Realtors
Dated: Feb 08, 2011
Bloomfield Short Sale Realtor Releases New Report Outlining Straightforward Solutions for…
Added by Mike Sher on February 8, 2011 at 1:11pm — No Comments
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