Are you feeling overwhelmed in your home and mortgage? You are not alone. Many are feeling the same problem and it is growing in numbers.

Both the Military and Fannie Mae have set up web pages to help you through the maze and give you the options that may be available to you to either save your home or complete a short sale.

The short sale does allow you to sell your home for less than what you owe so that the home is not foreclosed. While this…

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I'm looking everywhere. I'm sure I've been hit by the insipid brain-dead ghosts of the Equator night who never read a thing about files and can only hit the deny button.



Got a trustee sale tomorrow - no previous postponements, set to close 8/9, as usual, the buyer has been begging to get the approval and short sale done long ago, and this moron (no contact info of course) claimed that the postponement is denied because of investor guidelines. What guideline? Donut is getting cold, I… Continue

FYI : the title company would not accept the POA's signature on the closing doc's. New rules on that that other title compnaies may be following. Our Title Compnay had to overnite the paperwork to the seller, who thought he could just walk inot the US Embassy and get these doc's notorized. He needed to make an appointment...2 weeks out! So he took the paperwork somewhere else and had all the signatures notorized at a cost to himself of $400. Just another hurtle to jump to get this SS done!… Continue

For many distressed home sellers, the term "BPO' is totally greek. Sadly enough, it doesn't ring a bell with many Realtors either. What's more disturbing is that very few Realtors consider the significance or the power of someone else (who's probably traveled for more than 30 miles away) taking a look at your property and giving their opinion of what it would sell for in today's market....sounds simple, right??? It's much more complicated than that.

The reality is that the…

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This is my first BofA SS to negotiate...... Its has all gone fairly smooth considering its an FHA deal so we have not had to deal with Equator...THANK GOD!

We received our HUD 90045 today stating net price $220k which is 88% of appraised value of $250k. Listed property 4/24/10 (over 60 days on market and this is our only offer). Purcahse Offer $200k. Per HUD guidelines: Properties listed over 60 days should reflect 84% of appraised value....which still is not where we need to…

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I am in my 4th year of doing pretty much nothing but short sales and I have never run into a bank that is so unreasonable as US Bank.We have an original purchase money first wuth Chase and a refi 2nd with US Bank of $46K. The cash from the refi paid for the kitchen remodel that was done. Seller got married and then husband was relocated to another state for work. Both are short selling in CA.

I thought this would be pretty easy with the first being original purchase funds in…

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