Added by Jessica on April 30, 2011 at 12:27pm — No Comments
Added by Robyn Soerries-Funk on April 30, 2011 at 11:34am — 1 Comment
Can a 1st lien holder require the seller to make a cash contribution? The 1st is with GMAC, the negotiator told us the seller had to contribute, they would not allow the buyer to contribute. Does anyone have a good contact at GMAC?
Bob Kelly 619-445-6556…
ContinueAdded by Bob Kelly on April 28, 2011 at 12:40pm — No Comments
Just curious how many have paid to be certified by Equator and, if so, has it been a benefit. All opinions are welcome.... Thanks! Jane
Added by Jane Schippers on April 28, 2011 at 8:26am — No Comments
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ContinueAdded by Bryant Tutas on April 27, 2011 at 11:36pm — 7 Comments
Added by David R Haws on April 27, 2011 at 12:23pm — 6 Comments
From January to February prices fell 1.6 percent on a seasonally adjusted basis, according to the monthly House Price Index published by the Federal Housing Finance Agency. The previously reported 0.3 percent decrease in January was revised to a 1.0 percent decrease. For the 12 months ending in February, U.S. prices fell 5.7 percent. The U.S. index is 18.6 percent below…
ContinueAdded by Craig Roberts on April 22, 2011 at 4:23am — No Comments
SHORT SALE SUPPORT: Resources
Information & Reports
Mortgage Servicer Loss Mitigation Contact List
Housing Scorecard – HUD/US Treasury
ContinueAdded by Craig Roberts on April 20, 2011 at 8:30am — No Comments
On this particular property I have been through 2 different Buyers and 4 appraisals, 2 by the lender. I know for a fact that all 4 came in around the same price. There is a 2nd and a 3rd which have been negotiated and approved. The Buyer is willing to contribute to the balance of the 2nd and the 3rd so there will be no deficiency notes. After we did everything that PNC Mtg requested from the "investor" BoA they came back to say they would rather go to foreclosure. Under the new law…
ContinueAdded by Donna Antolick on April 20, 2011 at 6:16am — 2 Comments
Can anyone give me an idea if you have had experience with Wells about how to negotiate deficiency judgment off in short sale. Also, how to structure re-payment schedule on this
Lien removed. First the lien and deficiency taken care of.
Second scenario: $60k loan
Added by Glenn Fleisher on April 20, 2011 at 3:17am — 2 Comments
Sometimes I really wonder if people, no matter how hard I stress the importance of submitting supplemental documentation in a timely manner, really see the urgency in the situation.
Day 1 of request: Hi, Mr. Seller The bank is requesting this form to be filled out and they need it back in 4 days.
Day 2, Hi Mr. Seller Have you filled out that form for your lender? Could you send it back to me ASAP
Day 3, Mr. Seller it is imperative to get that form back to your…
ContinueAdded by Bobbie Files on April 19, 2011 at 4:37am — No Comments
Chase just approved this Destin Florida townhome for short sale. The process was a challenge. There were past due association fees and a judgment recorded in Walton County. In Florida, a property cannot be sold unless liens and…
ContinueAdded by Wendy Rulnick on April 18, 2011 at 7:16am — No Comments
Added by NextGEN Real Estate Corp. on April 15, 2011 at 12:00pm — No Comments
Added by Jorge Newbery on April 15, 2011 at 4:01am — No Comments
Added by Jorge Newbery on April 15, 2011 at 4:00am — No Comments
Added by Jorge Newbery on April 15, 2011 at 4:00am — No Comments
Added by Jorge Newbery on April 15, 2011 at 3:59am — No Comments
I found this in our FAR newsletter today:
NAR: U.S. bill would speed short sales WASHINGTON – April 14, 2011 – A new bill introduced into the U.S. House Tuesday would, if it becomes law, improve the process for approving short sales, bringing relief to distressed homeowners who can’t keep their homes and hope to avoid foreclosure.
The bill, supported by the National Association of Realtors® (NAR), would impose a 45-day…
Added by Bryant Tutas on April 14, 2011 at 7:48am — No Comments
Added by MaryAnn Dempsey on April 14, 2011 at 5:00am — 2 Comments
Added by MaryAnn Dempsey on April 14, 2011 at 4:54am — 1 Comment
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