Location Pismo Beach, California I recently sold our house in order to move to a better neighborhood for my young family. Placed an offer on a short sale (2,200) sq ft home List price $550,000 Offered $500,000 Seller accepted straight away. The hou
Read more…I just received a call from a person who lives in Gettyburg, Maryland who has a townhome with two loans. Chase - $235K and BofA - $53K.
I'm a short sale agent in Minnesota and this is a referral from one of my clients. Not looking for any compensati
Read more…The Lender is pushing the homeowner to do a "Deed in Lieu" on his home as we've had the property listed for over 3 months with no offers. No other liens on property and no incentives offered to homeowner by Chase, who is Lender. Why would the homeown
Read more…Have a short sale with Wells Fargo FHA loan Did the comps - put for sale @ 68500 Had 15 offers within 10 days (put in MLS must be on market 10 days before seller would review any offers) ... seller accepted cash offer for $75K Wells did appraisal d
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Short Sale Superstars is reaching a big milestone this week . We are about 7 days away from having 10,000 members!!!
Wendy and I knew we were onto something when we started Short Sale Superstars 3 years ago but never imagined we would one day h
Read more…Good day all,
Our situation is this - we are located in the Central Valley of California. We have a first mortgage that originated with Citibank but is now in the hands of Nationstar. That first is a $283k loan at 6.65% interest only for 10 yrs the
Read more…Does anyone have a short sale calculator or a calculator loss severity that shows how much the bank will net if they do a short sale vs. a foreclosure?
Read more…I have a short sale that has one lender, Indymac. I have submitted the offer and short sale package to them but ran into a glitch with them. The property I have is in Apache Junction and when my clients purchased the home in 2005 the zip code was 852
Read more…Hi all,
I'm a prospective short sale buyer. Dumb question - but when people are talking the time it takes to close a short sale - are you including weekends as well - or just business days?
Working on a coop short sale/FNMA and a notice of trustee sale was just posted on the property, for July 2. BofA/REDC servicer has been stuck on a price that's now too high. We lost our first buyer, and have received 3 new offers all about the same p
Read more…I REALLY need a BOA high level contact to speak with if anyone would mind sharing that information. I have a short sale I have been working for 2 years that BOA misplaced the 2nd loan on. Since they can't find what happened to it, we can't close. The
Read more…Seller purchased home 2 years ago w/ USDA financing and also received 1st Time Homebuyer credit.
Seller needs to SHORT SALE home & current w/ payments( Market value @$25K short). What are the liabilities w/ Homebuyer credit & i need info on USDA SHOR
Read more…I NEED HELP WITH CHASE . . . I have a 2nd mtg with Chase. A complete SS pkg was submitted over a month ago and I’ve forwarded updated financials as well as the 1st mtg approval. Their file is 100% complete, yet they still have not opened the short sa
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Good morning Superstars.
A big welcome to our 100+ new Superstars this week. Did you know one of the best features of Short Sale Superstars is having Lender info at your fingertips. We currently have 129 groups set up for Lenders.
Do you.......
Read more…I got a Short Sale with BoA with an auction date of tomorrow. I currently just received an offer but when I talked to them, all they can say is upload it to Equator, but they will not gaurantee a postponement. Does anyone has any contact number I c
Read more…Anyone ever deal with this before? I've seen some crazy things but this is a first for me. Property owner used to own a restaurant and never paid the food tax. I'm scratching my head on where to begin...LOL.
Read more…I have made an offer to a property in Fort Lauderdale, FL that is in short sale. I was going to do some research however it is a very HOT property and priced way below market value (there is a catch of course) and I don't want to be doing my thinkin
Read more…For the past few years I have been negotiating deals with only one loan and refer all others that has more than one out to another agent in the office. Right now I am considering doing it all with an assistance just so I know exactly what is going o
Read more…The agency currently get only 36cents on foreclosures... They don't discuss short sales at all.
Read more…I have a client with HSBC his loan is owned by Fannie Mae and should qualify for HAFA. He is not late on his payments, but has a verifiable hardship. HSBC is telling us they will not open a file on him unless he is late on his payments. That is not f
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