Does anyone know the best way to escalate with Met Life?  We just got a negotiator assigned and they are saying the negotiator has to have the file for 90 days to escalate.  Is there any way around that?

During this past week alone , I have received ten new short sale requests.  As a short sale negotiator, my services are generally not required until the buyer and seller execute an Offer to Purchase. Once the offer is signed,  the buyer's agent inevitably calls me to request the seller attorney contact information so the parties can immediately execute the purchase and sale…

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...beware of FIRPTA. Foreign Investment in Real Property Tax Act of 1980

 

In a nutshell, FIRPTA requires the closing agent or buyer to withhold 10% of the amount realized (usually the purchase price) to ensure that the tax due on the sale is given to the IRS. Basically the IRS doesn't want the…

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Will My Bank Still Approve My Short Sale If I Owe Twice What My Home Is Worth?



Many homeowners who are severely underwater ask this question.  Generally, the reason a bank accepts a short sale is due to the… Continue

Los Angeles Short Sale Specialist | Los Angeles Short Sale | When to short sale in Los Angeles | Los Angeles Short Sale Taxes | Why Short Sale in Los Angeles | Los Angeles Short Sale Requirements | Los Angeles Short Sale Guidelines | How does short sale work in Los Angeles | Los Angeles Mortgage Short Sale

 

 

Los Angeles CA –Wall Street Fat Cats say…

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Los Angeles Short Sale Specialist | Los Angeles Short Sale | When to short sale in Los Angeles | Los Angeles Short Sale Taxes | Why Short Sale in Los Angeles | Los Angeles Short Sale Requirements | Los Angeles Short Sale Guidelines | How does short sale work in Los Angeles | Los Angeles Mortgage Short Sale

 

Helping Homeowners…

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Ahhhhhhhhh!! The joys of working and processing short sales! Some of you Super Stars may understand the motive for today's post. Others may just be on the other end of my message. I love short sales. No, I mean I truly enjoy the art and skill necessary to do this amazing…

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Closing was to take place 2 weeks ago.  Buyer is running short on patience.

When we pulled title, BoA showed up on the deed as the owner of the property.  How they got there no one knows.  We had the short sale approval letter from WF and informed them of the BoA situation and they escalated to the legal dept. and that's been over a week with the same lame excuse, "we're waiting for a response."

 

Background on the home:  It has previously been sold at…

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I just want to say hello to my fellow Short Sale Super Stars. I have been reading, absorbing and taking in all the amazing content this site provides. I love this new media movement we have at our disposal allowing us to build communities of like minded people and avoid the middle men of the old years…

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I tried to disclose and I got inspections and shared findings, I tooke pictures of repairs and uploaded them to MLS, I even encouraged buyers to do their inspections while waiting for approval and offered to pay. The MLS disclosed it is a fixer-up and even sellers pointed out areas in need of repair. Then the sellers vacated residence and gave permission for buyers to see property or inspect whenever they wanted. Well here we are with are "as-is" approval after 6 months and the buyers went…

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Anyone EVER get a short sale through this bogus company???? Having no luck, and today, phone doesn't seem to be getting answered....are they still there?  

 

Any insight would be greatly appreciated. 

I have negotiated 2 contracts to the highest and best price and have submitted the short sale to Franklin Credit who is the 2nd mortgage company. The 1st Litton Loan is not discussing a short sale; they say there is enough to pay them completely off and they have already filed a foreclosure. Franklin Credit is now owed with all their fees $23,985. My contract gives them $9,880. That is with a shared commission to Realtors for 4%. They say they will not accept unless the Seller signs a… Continue

 

We currently have two contracts on our home. We received a counter from the bank on the first offer which includes a cash contribution from the seller for 10K. We have excellent credit but have missed one payment in April and have approximately $25K in checking. We have hardship from loss of business and medical bills, however, we have pretty stable careers now. Has anyone had an attorney negotiate down the cash contribution or has anyone tried to negotiate and the bank decided to…

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HELP!!!! 

 

My clients have been waiting on a BofA short sale for 5 months.  This is the ONLY house they want to buy - it's perfect for their huge family and horses.  The sellers were cooperating for the first few months but then suffered a family tragedy and went MIA. 

 

Now, BofA has no choice but to foreclose. 

 

My clients are DEVASTATED at the thought of not closing on the property.  Has anyone had success in getting a bank to sell to the short…

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Yes, it's true. This week I just attended one of Keller Williams Realty Short Sale Mastery tour and who are they touting as where to go for Short Sale knowledge? You guessed it, Short Sale Superstars. It's true. I've been with Short Sale Superstars since the beginning when Bryant Tutas and Wendy Rulnick founded it and if you want to learn from the best, you've come to the right place. Educate yourself in Short Sales, right here!

We need to fix HUD-1.  We were only given 2 weeks to close. this transaction now that it is "approved" knowing that the second hasn't been resolved because of the first REALLY BAD BEHAVIOR.  Transaction has been going on since last May with totally no cooperation and this is nothing less retribution against my client. 

Second wants 10-14 days to approve.  First has claimed in ocuments it is HAfa but has refused to provide 184 and 185 to Second to take guaranteed HAFA.  Anyone want a…

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Helping Homeowners avoid foreclosure! I provided FREE California Loan Modification Help and Short Sale Assistance for distressed homeowners!

 

Los Angeles, CA – I’ve seen lots of creditors/collection company's use illegal debt collection techniques and…

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Crisis averted :)  Litton took 2nd - charged off! Yay!! seller signing at 5 !

Is anyone getting listings as a titanium solution representative? If so, how many a month?'.

Hey has anyone heard of Home 123? are they still around.. Or did Litton take them over?