I got a counter from my negotiator and she is telling me that HOA deliquent and Penalties fees are not allowed on a HAFA Short Sale in CA. Is that true?
Thank you
Lupe Rodriguez
Read more…I have two short sale listings and seller has an attorney, who advised her about doing a short sale on both properties. Does anyone know about mediation process with Bofa? From what I have heard, it is a process where seller's attorney meets with ban
Read more…Hello, I just got a SS approval on a HELOC from Wells Fargo, in the conditions it states- "Borrower agrees to waive any non bankruptcy anti-deficiency or other law or regulation that might otherwise limit or prohibit their continuing obligation to We
Read more…I am intrigued by the potential of buying notes directly from the bank or be involved in some part of that mechanism. I think it may well be the next method of divesting the millions of non perfoming notes as this whole debacle continues to evolve.
Read more…I am a buyer for a short sale property. The short sale was approved by the bank last week and we are scheduled to close in the middle of July.
However, the bank approved the HUD-1 as prepared by the seller's attorney and at the time the short sale c
I have a new listing with Bof A and was pleasently suprised that a customer service rep called me within 24 hours of submitting 3rd party auth. They said that my seller's home would be an approved short sale if we agreed to participate in their coope
Read more…If not for SSS my realtor might well be on hold to India . . . thank you for all the help to get this far!
Once my realtor got a "good" phone number things have moved along quickly.
My question:
OCWEN holds a 1st and 2nd loan on the seller.
They
Read more…I was recently approached by a fellow agent to process a short sale for her client who is going through bankruptcy. I have heard in the past to stay away from short sales when client is going through bankruptcy. Can I still help these sellers or shou
Read more…Every case is a litle different. It is about common sense the $3000 relocation money belongs to home owner but if she has a 1st under water, 2nd asking for $20,000 and a water filter lien asking for $5,300 to settle and she really wants to short sale
Read more…Have a first with Wells Fargo and a small $19,000 second with e*Trade. Client did go thru HAMP and had loan modification but still can't afford the payments. We started down the HAFA route but I haven't seen anything regarding e*trade taking part i
Read more…I'm about to close on my Chase short sale on June 7. Just got the lender's final closing instructions letter. Unlike the "conditional/preliminary" short sale approval letter mailed in April, it does not contain any language about how the deficiency w
Read more…I've actually SEEN now, and keep hearing about Short Selling sellers receiving HUGE amounts. I was on a transaction where the Seller received $30,000 for selling after NOT PAYING for a year!! That was from Chase. When I asked the negotiator on one of
Read more…Has anyone out there had success completing a HAFA short sale with Seterus as the servicer? I would like to go through the HAFA process for my clients, but am concerned about foreclosure, as there are many horror stories of Fannie foreclosing, especi
Read more…Help! I have done several short-sales, representing both buyers and sellers. This one has me stumped. My buyer is in ‘second place’ on this short-sale. There are two loans. The first has agreed to the terms submitted by the first buyer. The second
Read more…Hello All,
Great forum and thanks to all.
One week prior to foreclosure got a short sale submitted to BOA thru equator. Might say a VERY GOOD offer! One the phone for hours trying to get sale postponed. Did not happen. Proscessor at BOA claim it
Read more…I am looking for documentation supporting my belief a loan modification does not change the purchase money status of a mortgage. Any help would be appreciated.
Michael Jalone
Read more…Hi. I am a buyer who has received an approval on a short sale from Aurora bank. I understand they are transferring their loans to new servicers throughout June and July. I am in escrow. I am concerned that a transfer of the loan will null our approva
Read more…Sometimes I feel like am idiot, so be kind please.
Both loans were originally with BOA, then BOA sold to Green Tree but still holds the 2nd. I finally got my seller approved through Green Tree but they are offering about $1,500 to BOA on the 2nd. I
Read more…Our short sale has reached it's bitter end. After 150 days (that's 6 months!) of riding the short sale roller coaster blind folded, we've crashed!
We went thru the whole sale, every step and agonizing slow motion torture, but always we thought and h
Read more…
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