My clients received a package from Chase HAFA giving them $3000 incentive. When we got the approval letter Chase said the seller moved out of the home and does not qualify. Now my client doesn't want to short sale because they were promised a incen
Read more…I am curious about members experience in how they handle application to an association when lender approval is still pending. In Florida, application to association is to be done upon an a specified number days agreed to after Effective Day. Some as
Read more…Need some advice / suggestions - once again! We are the buyer on a SS - 180 days in as of today and still waiting for approval. We went ahead with our lender appraisal in an effort to save time and it came back at $30k under our offer price which w
Read more…Good afternoon yall,
Ok, so this is the first we've had a catch on this. We've got a BofA serviced file that requested the worksheet to be countered on Equator as they will not pay the $500 past HOA dues from the last year. They are telling us tha
Read more…Hi guys, I currently have a Short Sale with Wells Fargo and I just came to find out that they have recorded a $14K lien onto the property and before they can proceed with the SS in Equator, I have to get that lien released for $2500 or less. Well..
Read more…Does anyone have any advice about getting an IRS tax lien removed faster? We are they buyer on a short sale and the seller has a federal tax lien. Apparently she has sent all the paperwork in and we are now just waiting for an answer. I don't know i
Read more…Representing buyer wanting to purchase commericial property that has both residential and office space and listing agent is telling us that we must provide an appraisal for the short sale package?? He says that this is a requirement for commerical p
Read more…"I have a listing agent for an FHA short sale, servicer is BOA. Buyer has a new VA loan and BOA says HUD will only pay 1% of the buyers closing cost, I thought this ruling only applied to new FHA loans? The Mortgage Letter 2008-43 only address New F
Read more…I don't know if anyone can give me some advice on a sticky Fannie Mae REO home situation I am in. This is a Homepath property and I am am investor.
The property was originally listed for 219K, then dropped to 199K, then 189K I estimated it to be ar
Read more…Hello, we are in contract to purchase a single home which is in short sale. The seller, and both lenders have approved the sale. We have ordered inspections and very close to closing. I just made tentanive arrangement for the termite treatment/tentin
Read more…Need some sound advice: We are the buyers of a condo in a college student complex. The unit is professionally managed and has two month to month tenants. We are a month in on the process with Chase (one loan). Our daughter starts school in mid-Augus
Read more…I received an counteroffer and it had indicated to Add "HIN incentive to seller $ and add "COOP incentive to seller $ I understand the COOP incentvie to seller but what is the HIN incentive to seller.
Read more…I know that Fannie allows a 6% commission, and I thought I read that Freddie does as well. Additionally, servicers are not allowed to negotiate those commissions.
I have a Freddie deal serviced by Wells Fargo. Turns out that the Buyer's Agent is rel
Read more…Our family began the journey to buy our home in October. We found a house that was perfect, except it was a short sale. We decided to make an offer, unfortunately we had no idea the roller coaster we were boarding. Neither agent had ever closed a ss
Read more…I know I have chatted about this before, but I am still STUCK! I have now 4 B of A FHA Shorts, soon to be 5.. that are just sitting within the B of A dept. Has anyone been able to find a way around this or a solution? The Social Media Team at B of
Read more…I am trying to get a short sale postponed with Seterus (servicer) for a FNMA loan. We are only 1 week away from the Trustee Sale and have unfortunately just submitted the short sale package. Seterus is telling us that their investor (FNMA) will not
Read more…Just found out that we have a second loan to negotiate with Bank of America. I have never worked with them before. Do I still initiate through Equator or do I use the HELOC package that is under the Lender Info links?
Thank you for your help!!
Heat
Read more…I had a "negotiator" with Wells Fargo on a home equity line tell me that there would be no deficiency because Oregon was a "deficiency debt release" state and sure enough the approval letter releases deficiency. However, the 1st lien with Wells Farg
Read more…Hi Marta,
I'd like to hear how this all unfolds. Unless the person who has the judgment filed a lis pendens against the property, it seems to me that it could still be sold and the judgment be a personal judgment that remains in force. But I have a f
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