I have a seller that has had a couple of people he knows that stopped payment on the second lien and then negotiated and got it released. He then had confirmation from a lawyer that it may be possible to do. I have never heard this situation going we
Read more…Need help. working on a preapproved HAFA short sale and Freddie Mac is the investor. the 3rd party vendor is LRC. The approved price was 240k (overpriced -BPO) Buyer came in at 220k. They countered full price, 240k, buyer came back at 225k. They sti
Read more…We had a closing fall out 2 days prior to close due to buyer financing, everything was signed and ready to close...put property back on the market the next day we received a full price offer (same as previous approval), all cash with no appraisal con
Read more…I'm a seller who is soooo frustrated with Bank of America. After a year and a half of trying to nogotiate a modification, and my finally giving up on them, they contacted me and asked if I'd be interested in doing a Cooperative Short Sale. We went
Read more…Just had a Coop BOA close yesterday in Durham North Carolina .
The seller incentive was $2500.00 and we were set to close at 2pm.
I recieved a call from our closing coordinator saying we could not close today as the HUD 1 has to change. Of course thi
Read more…We are trying to buy a short sale, Wells Fargo is the sellers bank. A couple weeks ago we signed the arms-length agreement and thought we were about done. Today we find out that we are rejected because they think someone we are related to works for
Read more…I'm seeing what seems to be a higher percentage of buyers getting denied for financing this year. Buyers are also seemingly having to jump through more and more hoops to get financed. Is it just me or have lender guidelines tightened significantly
Read more…What success have any of you had in getting more than 1% of the purchase price in closing cost assistance for the buyer? I know the FHA program is technically 1% of the buyer's mortgage loan amount and all the other stuff in HUD Mortgagee letter 2008
Read more…I have a situation where the seller has accepted a offer. Another agent has brought in a offer that is not as good as the first. The seller doesn't care since the 2nd offer is from a friend. Help?
Read more…Oh my goodness gracious. This is a nightmare with BofA. I've been trying to get this short sale activated for quite some time. Homeowner has already called into the HRD and gone through the waterfall process. He was declined for loan mod. They w
Read more…Is it reasonable to assume OCWEN is accepting my offer (no negotiation) when they said today they are sending the paperwork to underwriting and will call again in 1 1/2 to 2 wks??
I am a cash buyer and they commented my realtor's paperwork was very c
Read more…Looking for information anyone might have about Household Finance. I will be listing a short sale with them. Thanking you in advance!
Read more…We are meeting with agent today to discuss a price amendment on our SS offer due to a low appraisal ($30k less than offer). We will be including a copy of our lenders appraisal, but wondering if there is any particular language that should be includ
Read more…Per borrower, NO 2nd lien information available. Stopped paying over a year ago, no coupons, paperwork, can't remember name, etc... All she knows is that it went to an unknown collections agency. Title just shows Mortgage Electronic Registration Sys
Read more…Hello everybody, we need a licensed negotiator to handle incoming offers on our listed properties. Mostly shortsale, some traditionals, working with buyers...NOT A TRANSACTION COORDINATOR.
If anybody knows someone (or somewhere we might find such a p
Read more…Hi all:
I haven't done a BofA short sale in 2 years. All of the SS I have done were on the Seller Side; and this is my 1st representing the buyer.
Negotiator is saying that buyer is not entitled to an incentive. But on all the BofA SS's I have d
Read more…I have a Wells Fargo short sale ap that is taking forever. It moved to negotiation almost 3 weeks ago, and today I heard from the for the first time since it moved. I got a request to resubmit three documents: the listing agreement, hardship suppor
Read more…Question....
Is there a way for me to quickly look up tax liens and 3rd party liens against a property?
Thanks!
Read more…Been working with BOA to get a HAFA file approved since 10/2011, 2nd offer 3/2012. There were many delays with the previous file due to no fault of the sellers. With the assistance of the Twitter team we are now able achieve quicker results. The $3k
Read more…Hello all.
I was wondering if anyone has experience with Citi Mortage. I am a buyer and put an offer in on a short sale home in March (St. Petersburg, FL). A BPO was ordered from Citi in the beginning of May. After it was returned, they said it was
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