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Bank asked us to lower our offer

Started by Henry R Morton in Short Sale Discussions. Last reply by Henry R Morton on Wednesday. 2 Replies

FHA Short Sale DENIED

Started by thomasina singleton in Short Sale Discussions. Last reply by Brett Goldsmith Mar 12. 1 Reply

USDA LOAN CURRENT GUIDELINES

Started by Brett Goldsmith in Short Sale Discussions. Last reply by Justin Berry Mar 13. 1 Reply

FHA SHORT SALE TIP

Started by Kiann Lewis in Short Sale Discussions. Last reply by Evelyn Gutierrez, SFR, MRP, CDPE Feb 21. 1 Reply

3 Short Sale Tips

Started by Rebeka Shadpour in Short Sale Discussions Feb 6. 0 Replies

Tip for Short Sale

Started by Bridgette Villamor in Short Sale Discussions. Last reply by Johnny Escobar Feb 22. 5 Replies

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Posted by Vincent Donaldson on September 21, 2016 at 9:08pm 1 Comment

 

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Latest Activity

Sean Ryan commented on Bryant Tutas's group Real Time Resolutions
"If you have a short sale assignment with RealTime Resolutions, be very cautious in the way you or your agent work with this debt collector.  RTR is an unsophisticated predatory boutique debt collector that primarily works non-mortgage debt.…"
19 hours ago
Sean Ryan joined Bryant Tutas's group
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Real Time Resolutions

Real Time Resolutions Short Sale InfoSee More
20 hours ago
Alex posted a status
"Only the 1st is FHA. The second is owned by the servicer, Kentucky Housing Corporation."
yesterday
Kevin - Greenville, SC commented on Stephanie Lim's group FHA - HUD Short Sales
"@Jim Stewart "Can they unilaterally decide an ATP isn't valid anymore" under certain (but rare) circumstances they can. I'd get management involved to find out why though."
yesterday
Alex commented on Stephanie Lim's group FHA - HUD Short Sales
"I am negotiating a FHA short sale where the servicer (Kentucky Housing Corporation) owns the second mortgage. They are refusing to order the appraisal because they said they would get in trouble by FHA for ordering it when they know it is worth more…"
yesterday
Alex joined Stephanie Lim's group
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FHA - HUD Short Sales

HUD rules for FHA short sales, tips, experiences, etc.Fax LOA:  918-236-3274PH 877 622-8525See More
yesterday
Wendy Martin commented on Wendy Rulnick's group Wells Fargo Short Sales
"Jim, I'm having horrible issues with Wells Fargo and appraisals.  I spent 3 hours on the phone with them, refusing to get off the phone until they found the appraisal I made them do and send it to me. Lies and games and 3 hours later they…"
Wednesday
Henry R Morton replied to Henry R Morton's discussion Bank asked us to lower our offer
"The home was listed in August of 2016 at $129,900 In November the price was dropped to $119,900. We put in an offer of $110,000 in Late December. We reviewed all the comps in the area with our Realtor so $110,000 seemed like a fair price taking into…"
Wednesday
Kyle Butler joined Cathy McAlister's group
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Golden 1 Credit Union

Short Sale Information for Golden 1 Credit UnionSee More
Wednesday
Brett Goldsmith replied to Henry R Morton's discussion Bank asked us to lower our offer
"I've never seen a bank say this but maybe it's possible that the bank sees you are paying above FMV and that the property won't appraise at closing? What's the price…"
Wednesday
Henry R Morton posted a discussion

Bank asked us to lower our offer

Back in December My wife and I put in an offer on a Short Sale. Yesterday my Realtor advised us that the sellers bank had completed the appraisal (Original loan is a VA loan) and our offer was too high. They advised us to re-submit for $40K less…See More
Tuesday
Profile IconTim Martin, Juan Lopez, Ulysses Dinglasan and 2 more joined Short Sale Superstars
Tuesday
Jackie Gonzalez posted a discussion

HUD & Suntrust Short sale question - approval

The client has an FHA loan through Suntrust Bank. The owners initiated a short sale due to a major loss of income and illness. While under the short sale the house flooded in Hurricane Matthew and they had to find a rental. The insurance covered the…See More
Tuesday
Jim Stewart commented on Wendy Rulnick's group Wells Fargo Short Sales
"FHA short sale with Wells. ATP for price of $181,500 issued on 3/1/17 and good through 6/29/17, fully executed by seller and confirmed in WFC hands. Now WFC says appraisal is no longer valid and new ATP is needed with new appraisal of $205,000.…"
Tuesday
Jim Stewart commented on Stephanie Lim's group FHA - HUD Short Sales
"FHA short sale with Wells. ATP for price of $181,500 issued on 3/1/17 and good through 6/29/17, fully executed by seller and confirmed in WFC hands. Now WFC says appraisal is no longer valid and new ATP is needed with new appraisal of $205,000.…"
Tuesday
Elvira Quiray joined Stephanie Lim's group
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Carrington Mortgage Services

CMS (servicer) short sales.See More
Tuesday
 
 
 

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