I am a very experienced short sale realtor/negotiator.
I have 20 listings in pipeline, close 4-5/month.
Florida listing
Chase 1st lien $445,000
USAA 2nd lien $50,000 (to date client made over $26,000 in payments)
seller unemployed, insolvent, and u
Read more…MY SELLER-OWNER FILED BANKRUTPCY CHAPTER 7 AND SHE HAS INCLUDED THE HOUSE IN THE BANKRPUTCY, CAN I STILL SHORT SALE THE PROPERTY?
Read more…Down in South Florida, I keep a close eye on new properties coming onto the market as possible investment options.
Increasingly I see a new entry go into the MLS, I would go and take a look and be amazed at some of the great deals out there, but whe
Read more…HAFA APPROVAL LETTER:
Your offer of $6,000.00 in the form of a Cashier's Check/Title Company Check will be accepted to release the lien and the debt associated with the above referenced loan. However, Real Time Resolutions, Inc. reserves the right to
Read more…Has anyone had Bank of America offer your Seller a Deed in Lieu when you were in the middle of a short sale? Bank of America has offered one of our Sellers a DIL and a waiver of the deficiency if they do a dil. We are waiting to hear if they will w
Read more…Had an approved BOA short sale fall apart in underwriting, immediately uploaded a backup offer same price and terms. New appraisal, now BOA is countering $20K higher than what had just been approved the month prior. Buyer isn't budging. Anyone have t
Read more…I am working on a HFC Beneficial SS and the original borrower is now deceased. Her son was left the house in the will. We have the death certificate and last will and testament on hand. We were told by the bank that we would need a court probate or
Read more…Hello, I have a client that will need to relocate out of the area to stay employed. They have a BofA FHA loan and currently haven't missed a payment. I'm looking at the BofA FHA Short Sale Request form and it says "If you have the ability to make y
Read more…Has anyone ever heard of the home owner short selling their home to their tenant? Will the bank allow this type of transaction?
Read more…First mtg, Seller called GMAC to see if it was a Fannie / Freddie investor. GMAC cust-serv rep said no, it is their in-house lending arm: Residential Funding Corporation. ?? A first for me. Anybody done one with them?
Read more…I need to find a short sale specialist in Olivehurst for a seller who needs to short sale their home. I am brand new to this website so maybe I am putting this request in the wrong area? I am an agent in Rocklin Ca 916-333-8412 Kerry
Read more…Has anyone done a deal with "Economic Stabilization Project"? They (Jay Grant) have joined Short Sale Superstars and are proposing that they will purchase a short sale with a 3 year option for buyback. It sounds good but there are over $3000 in adva
Read more…For those of you experienced with GMAC negotiations..... how does one get them to lower their 'minimum offer' expectations? We have a $242K all cash offer (no closing cost concessions) on a home here in SoCal. There is an $85K 2nd w/Green Tree that
Read more…I was searching what's on the market this morning and I see the short sale house we're involved in is now being listed as Lis Pendens. I know this means pre foreclosure, but what does it mean for our short sale?
I am so disappointed in this process.
Read more…My daughter and her fiance would like to initiate a short sale with U.S. Bank. Is there any hope or is it completely hopeless? From the comments I've read, U.S. Bank is The Worst lender to deal with. This is a perfect home for them, and the buyer
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My husband and I live in Charlotte, NC. We really want to purchase a house that is now held up in bankruptcy.
April 22: We submitted our offer on the house (a short sale)
April 28: Sellers filed for bankruptcy
May 4: Sellers signed contract/accepte
Read more…News to me. Have a Short Sale with GMAC. Just submitted offer + supporting docs. Get a call from a guy that says, "I'm working for FNMAE backed short sales..I will be your negotiator with the Investor." Hmmm. I talked to GMAC and they confirmed
Read more…I'm representing the seller for a short sale with a valid financial hardship. PNC bank is servicing the loan in first position and there is a small second. The first loan is insured via FHA. We had an initial appraisal that came back very high...
Read more…I have made it through every obstacle with this deal and am not willing to let it die. I have an FHA Short sale through GMAC that I have gotten approved; however, the seller did not inform me that there was 3 judgments on her. They did not even show
Read more…I am the buyer's agent on this transaction. The title company scheduled a closing on June 4th. The short sale approval date was good until June 6th from Wells Fargo. The title company delayed the closing because of HOA fees. They worked that ou
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