All Discussions Tagged 'sale' - Short Sale Superstars2024-03-29T02:23:19Zhttps://shortsalesuperstars.com/forum/topic/listForTag?tag=sale&feed=yes&xn_auth=noShort Sale Buyer Processtag:shortsalesuperstars.com,2022-03-19:3468065:Topic:4970252022-03-19T16:09:03.662ZShanehttps://shortsalesuperstars.com/profile/Shane
<p>Trying to purchase a house on a short sale in Illinois. I'm currently about 5 months in. Can someone please let me know what else I should expect at this point?</p>
<p></p>
<p>I know there are 2 lenders that the seller's lawyer was negotiating with because they kept saying that they're waiting on an answer from the 2nd lender: (<strong>Fannie Mae</strong> and <strong>Cenlar).</strong></p>
<p>After a couple of months, they came back with a counter that we countered + 5K more.</p>
<p>A few…</p>
<p>Trying to purchase a house on a short sale in Illinois. I'm currently about 5 months in. Can someone please let me know what else I should expect at this point?</p>
<p></p>
<p>I know there are 2 lenders that the seller's lawyer was negotiating with because they kept saying that they're waiting on an answer from the 2nd lender: (<strong>Fannie Mae</strong> and <strong>Cenlar).</strong></p>
<p>After a couple of months, they came back with a counter that we countered + 5K more.</p>
<p>A few weeks after that they requested another pre-approval letter + bank statements (as it's been over 3 months at this point).</p>
<p></p>
<p>A few weeks ago I received an update from the seller's lawyer that they're waiting on Fannie to complete their review and are expecting to have an approval letter by end of next week.</p>
<p></p>
<p>At this point how much this process may take? What other obstacles may we run into?</p>
<p>If we offered another 10K+ now, would that speed up the process?</p>
<p></p>
<p>Thank you in advance.</p> Shellpoint / Shell point refusing to order there own BPO or Appraisal.tag:shortsalesuperstars.com,2018-05-19:3468065:Topic:3926752018-05-19T03:04:16.317ZElliot Ambalohttps://shortsalesuperstars.com/profile/ElliotAmbalo
<p>Hi.</p>
<p>im in middle of a short sale, with shell point.</p>
<p></p>
<p>the property is sitting vacant for several years. No electric or running Water. And in need of repairs.</p>
<p>but that doesn't help me. Shell Point is refusing to order a Bank ordered BPO.</p>
<p> I raised my offer significantly and they still have not budged.</p>
<p></p>
<p>has any one been in a similar situation? Any advice?</p>
<p></p>
<p>thanks in advance!</p>
<p></p>
<p>Hi.</p>
<p>im in middle of a short sale, with shell point.</p>
<p></p>
<p>the property is sitting vacant for several years. No electric or running Water. And in need of repairs.</p>
<p>but that doesn't help me. Shell Point is refusing to order a Bank ordered BPO.</p>
<p> I raised my offer significantly and they still have not budged.</p>
<p></p>
<p>has any one been in a similar situation? Any advice?</p>
<p></p>
<p>thanks in advance!</p>
<p></p> XOME and Short Salestag:shortsalesuperstars.com,2018-05-15:3468065:Topic:3925462018-05-15T20:45:37.841ZSmittyhttps://shortsalesuperstars.com/profile/Smitty
<p>We negotiate and are educators in Massachusetts and New Hampshire but I would imagine this goes for all MLS platforms.</p>
<p>SERVICE <br></br> ANNOUNCEMENT<br></br> <strong>ATTENTION: ALL REAL ESTATE BOARDS, BROKERS, & SALESPERSONS</strong></p>
<p>We would like to alert you to a serious conflict we have seen recently while negotiating short sales on behalf of our homeowners, agents & attorneys.</p>
<p>This practice involves an agent who has a short sale listing, and the negotiator is…</p>
<p>We negotiate and are educators in Massachusetts and New Hampshire but I would imagine this goes for all MLS platforms.</p>
<p>SERVICE <br/> ANNOUNCEMENT<br/> <strong>ATTENTION: ALL REAL ESTATE BOARDS, BROKERS, & SALESPERSONS</strong></p>
<p>We would like to alert you to a serious conflict we have seen recently while negotiating short sales on behalf of our homeowners, agents & attorneys.</p>
<p>This practice involves an agent who has a short sale listing, and the negotiator is negotiating that listing with the lender “Mr. Cooper” (Formally known as “Nationstar”). Whereas Mr. Cooper IS NOW REQUIRING the agent to advertise their auction site, XOME, on MLS (even if already under contract with a buyer, and listed on the MLS). </p>
<p>If the agent has a property under agreement with both buyer and seller at the time of submission of the short sale packet to the lender, <strong>MLSPin has confirmed that it is not acceptable and against their rules to also advertise on a third party auction site (XOME / Auction.com / HUBZU.com)</strong>. MLS has also confirmed that if Mr. Cooper tells the agent to end or withdraw the listing while it is under contract with a buyer and seller, that it would also be a violation of MLS rules, as an agent is required to report listings accurately when they go under agreement and sell. </p>
<p><strong>The lender “Mr. Cooper” (formerly Nationstar) is inserting themselves between agents and their sellers, and sellers and their buyers. </strong></p>
<p>We are alerting all real estate boards, their members, and Broker offices to this practice and asking they relay this to their members so they can avoid fines from MLS, as well as be aware this is happening. They may contact their local MLS to confirm this information.</p>
<p><br/> Nick Aalerud, Managing Member, AA Premier Properties, LLC<br/> Director of Education, Short Sale Mitigation, LLC</p>
<p>Continuing Education Instructor<br/> <br/> Maryann Little, Director of Mitigation, Short Sale Mitigation, LLC</p>
<p>Continuing Education Instructor</p>
<p>Course Creators:</p>
<p>RE78R13 – Short Sales in Today’s Marketplace (MA)</p>
<p>E2053 – Opportunities in Short Sales (NH)</p>
<p>E2070 – Getting Short Sales Done (NH)</p>
<p> </p> Do you know if Ocwen offers relocation assistance on second lien short sale only?tag:shortsalesuperstars.com,2017-10-04:3468065:Topic:3894202017-10-04T08:16:18.777ZMayra Espinosa CDPE, HAFA, SFRhttps://shortsalesuperstars.com/profile/MayraEspinosa
<p><span class="font-size-4">I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.</span></p>
<p><span class="font-size-4">Please share your experience with Ocwen if you have obtained relocation when doing the short sale only on the second loan. Thanks</span></p>
<p><span class="font-size-4">I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.</span></p>
<p><span class="font-size-4">Please share your experience with Ocwen if you have obtained relocation when doing the short sale only on the second loan. Thanks</span></p> Do you know if Ocwen offers relocation assistance on second lien short sale only?tag:shortsalesuperstars.com,2017-10-04:3468065:Topic:3893212017-10-04T08:14:38.819ZMayra Espinosa CDPE, HAFA, SFRhttps://shortsalesuperstars.com/profile/MayraEspinosa
<p><span class="font-size-4">I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.</span></p>
<p><span class="font-size-4">Please share your experience with Ocwen if you have obtained relocation when doing the short sale only on the second loan. Thanks</span></p>
<p><span class="font-size-4">I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.</span></p>
<p><span class="font-size-4">Please share your experience with Ocwen if you have obtained relocation when doing the short sale only on the second loan. Thanks</span></p> WF Short Saletag:shortsalesuperstars.com,2017-06-07:3468065:Topic:3867802017-06-07T15:20:11.849ZRachel Warnickhttps://shortsalesuperstars.com/profile/RachelWarnick
<p>Hello All,</p>
<p>How long on average are Wells Fargo short sales taking in 2017? We have had an offer in since February 7, 2017 and have been told our offer is in line with ATP...still not had approval. Moving for a second time because our temporary housing has sold...moving out of town but have to be back mid-August...we are stressing over here!</p>
<p></p>
<p>Thanks for any advice or personal accounts!</p>
<p>Hello All,</p>
<p>How long on average are Wells Fargo short sales taking in 2017? We have had an offer in since February 7, 2017 and have been told our offer is in line with ATP...still not had approval. Moving for a second time because our temporary housing has sold...moving out of town but have to be back mid-August...we are stressing over here!</p>
<p></p>
<p>Thanks for any advice or personal accounts!</p> Preparing to have favorable results on your short saletag:shortsalesuperstars.com,2017-02-04:3468065:Topic:3846992017-02-04T16:41:03.656ZHolly Pringhttps://shortsalesuperstars.com/profile/HollyPring
<p>Prepare buyer & seller with time frames, potential delays & favorable options for all. Make certain you submit a "complete package & confirm with lender in writing" Do NOT accept NO as an answer. IF FHA file a ticket for additional support. Same with Fannie & Freddie loans. Is it HAFA eligible? go to your Congress and/or file with CEO of lender to inform on issues. Request to escalate when needed. Always keep a paper trail.I have closed 99% successfully. Professional behavior…</p>
<p>Prepare buyer & seller with time frames, potential delays & favorable options for all. Make certain you submit a "complete package & confirm with lender in writing" Do NOT accept NO as an answer. IF FHA file a ticket for additional support. Same with Fannie & Freddie loans. Is it HAFA eligible? go to your Congress and/or file with CEO of lender to inform on issues. Request to escalate when needed. Always keep a paper trail.I have closed 99% successfully. Professional behavior with consistent follow up! Remember ALL sellers have options vs. foreclosure! Only accept the best results with favorable results for your clients.</p> GET PUBLISHED BY Short Sale Super STARStag:shortsalesuperstars.com,2017-02-02:3468065:Topic:3841462017-02-02T23:26:18.309ZBrett Goldsmithhttps://shortsalesuperstars.com/profile/BrettGoldsmith
<p><strong>Hello Short Sale Superstars!</strong></p>
<p><strong>We are set to release a Short Sale Super Star Survival Guide and we want your Tips; We want to know your BEST Short Sale Survival Tips and so does the world!!! Only Ten will be accepted so make them juicy and powerful. Please read the directions and details below. If you’re tip is accepted your full name, city and state will be listed below your TIP as a contributor.</strong></p>
<p><strong>This will be a free survival guide for…</strong></p>
<p><strong>Hello Short Sale Superstars!</strong></p>
<p><strong>We are set to release a Short Sale Super Star Survival Guide and we want your Tips; We want to know your BEST Short Sale Survival Tips and so does the world!!! Only Ten will be accepted so make them juicy and powerful. Please read the directions and details below. If you’re tip is accepted your full name, city and state will be listed below your TIP as a contributor.</strong></p>
<p><strong>This will be a free survival guide for Investors, Homeowners, Agents and any other real estate professionals nationwide!</strong></p>
<p><strong> </strong></p>
<p><strong>Step by step instructions to enter:</strong></p>
<p><strong>1. Limit the title of your tip to 140 characters and that the explanation of the tip is ideally between 150-250 words. </strong></p>
<p><strong>2. You may email the tip as well if you’d like to <a href="mailto:info@shortsalesuperstars.com">info@shortsalesuperstars.com</a> </strong></p>
<p><strong> </strong></p>
<p><strong>Thank you all in advance for volunteering to share your experience. Please reach out if you have any questions to 1-888-664-6964.</strong></p> Financial Freedom HECMtag:shortsalesuperstars.com,2016-10-05:3468065:Topic:3802532016-10-05T20:17:13.671ZSteve prashadhttps://shortsalesuperstars.com/profile/Steveprashad
<p>Hello All-</p>
<p><br/>I see a few threads about doing a short sale with reverse mortgages.</p>
<p></p>
<p>Has anyone had luck with closing a short sale with Financial Freedom with a reverse mortgage?</p>
<p></p>
<p>Also, anyone have an escalation contact that they deal with? I am having poor communication with the person handling my file at Financial Freedom.</p>
<p></p>
<p>Thanks in advance!</p>
<p></p>
<p></p>
<p>Hello All-</p>
<p><br/>I see a few threads about doing a short sale with reverse mortgages.</p>
<p></p>
<p>Has anyone had luck with closing a short sale with Financial Freedom with a reverse mortgage?</p>
<p></p>
<p>Also, anyone have an escalation contact that they deal with? I am having poor communication with the person handling my file at Financial Freedom.</p>
<p></p>
<p>Thanks in advance!</p>
<p></p>
<p></p> bankruptcy attorney kills the dealtag:shortsalesuperstars.com,2016-03-23:3468065:Topic:3712942016-03-23T00:06:34.135ZLuther Fisherhttps://shortsalesuperstars.com/profile/LutherFisher533
<p>I've recently had two potential short sales in a row killed by two different bankruptcy attorneys. In both cases, the seller has been discharged and the bankruptcy case is closed. However, before signing on to do a short sale, they say they need to call their attorney who then advises them that its not a good idea and they don't sign off. </p>
<p></p>
<p>What do you do in those situations? </p>
<p></p>
<p></p>
<p>I've recently had two potential short sales in a row killed by two different bankruptcy attorneys. In both cases, the seller has been discharged and the bankruptcy case is closed. However, before signing on to do a short sale, they say they need to call their attorney who then advises them that its not a good idea and they don't sign off. </p>
<p></p>
<p>What do you do in those situations? </p>
<p></p>
<p></p>