April 2014 Blog Posts (7)

Reducing Commissions to make SS deal Close

On an approved short sale, has anyone reduced their commission in order for the closing to happen. Buyer did not get the closing cost credit from Chase and now short of funds to purchase flood insurance. What would you do? 

Added by Harriet Abruscato on April 30, 2014 at 2:39am — 2 Comments

Always Compare Quotes from Various Agents for Home Insurance

Should You Compare Quotes from Various Agents for Home Insurance?

Don’t be fooled by funny commercials and catchy slogans; insurance is quite complicated.  Varying levels of coverage, locations and other factors make insurance policies very different from one provider to the next.  That is why it is so important to compare various quotes from different insurance agents.

Wild Changes for Multiple Locations

Check out these findings from Bankrate…

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Added by Michael Collins, CDPE, SFR on April 24, 2014 at 7:56am — No Comments

Wisconsin March 2014 Housing Statistics

The Wisconsin housing statistics are in for March of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Home…

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Added by Michael Collins, CDPE, SFR on April 23, 2014 at 6:48am — No Comments

SPS Short Sale Department Issues on Closing

Help!we signed loan docs by SS approval deadline on Mar 28th,but it was too late to fund Funds are in Escrow.Now SPS is refusing to let us record; want to start over with new BPO, when we have the buyers licensed APPRAISAL.

US Bank is investor:they approved the sale will get exactly the same $$ as previously approved.But SPS won't give an updated…

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Added by Alice McHugh on April 8, 2014 at 10:47am — No Comments

Spousal and Child Support?

Have not did a short sale with Spousal or Child support Judgment.

I have a property that has 3 liens and  2 judgments.

1st is with Wells Fargo 

2nd is with Shell Point (ELC)

3rd is a Lien with no loan "Milton M Wright"

Support Judgment shows no amount, seller thinks it is about $30,000 

Judgment for EDD.

Will the 1st take care of the Support lien or will this kill the deal?

Added by Sandra Delight Miller on April 3, 2014 at 3:53pm — No Comments

Does Chase give a 3% closing cost credit to Buyers?

Hello Superstars,

In your experience will Chase allow a closing cost credit to the buyer
in a short sale?
My attorney's office has a Short Sale Negotiator who handled the communications with Chase. I didn't see the entry in the HUD that was submitted and I was told it was denied.

The buyer is going FHA loan.

What are your thoughts?

Added by Harriet Abruscato on April 2, 2014 at 9:48am — No Comments

The Right Way to Investigate Your New Neighborhood

The Right Way to Investigate Your New Neighborhood

The house looks perfect and it has all the features you need.  The location is convenient for your needs and there really is nothing standing in the way of buying this particular property.  STOP.  Don’t buy the house until you do one thing; investigate your new potential neighbors.  Here are some tips for finding out the…

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Added by Michael Collins, CDPE, SFR on April 1, 2014 at 7:35am — No Comments

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