I have been working an FHA Wells Fargo short sale since December (Citi is the 2nd). We had to reduce the sales price as it didn't appraise. The offer was finally rejected, Citi says because FHA didn't net the required amount. The amount they are usi
Read more…Help, please. I think it's time to escalate a Freddie Mac short sale. Who do I contact? I'm working with a Dedicated Freddie Mac Specialist at US Bank who got the first SS approval done within 72 hours, but boo hoo, the buyer lost his financing.
Read more…Does anyone know of any program that helps distressed homeowners with moving expenses. we have short sale approval but they did not qualify for any of bofa assistance hafa or coop. (california property)
Read more…I'm trying to buy a house that is on a short sale. I'm having to deal with Bank of America. I'm really confused on the whole thing and why it is taking so long. I summited my offer back on January 24. Since that time the realtor has told me many
Read more…Hello, I am in the process of buying a short sale. My offer (when I made it last month) was a backup and it turns out 100K over the approved short sale price. The primary offer is withdrawn due to the primary buyer moving out of state. Yesterday whe
Read more…I need advice on how to move this short sale along. I have not been able to get a decision from the assigned negotiator. It has been in the qualified stage since 2/24/2012. I have not had contact from the negotiator since same date. Countless pho
Read more…I know CA has a licensee restriction. Do other states mandate this? Is there a list somewhere?
I have a local owner with a property in two other states. We would list the properties with local Realtors, but he wants me to do the package submissio
Read more…Does anyone know If we can not get our short sale completed will PNC make us pay the judgement in full or will the negotiate on the short fall balance ?
Read more…I have a short sale that I have been working on for 6 months with B of A. We are to close on the 15 and the lender USDA would not take the value that the appraisal came in at. There is a swimming pool that has a value of $5000.00 and USDA said they
Read more…This is how much I don't know. We have plenty to pay off the first so need no approval, the brokerage and all closing cost, and then there will still be at least 70k left. The B of A has a 2nd at 160k. The owner has not paid on either for over a y
Read more…My situation is this... My wife recently passed from lung cancer which slashed my income by 2/3. I am disabled on oxygen 24/7 and cannot work and need to either short sale, rent or walk away. I made last months payment but money is in short supply.
Read more…I had a negotiator tell me she was going to close the file and not even send the buyer's highest and best to the investor for review because it was too low.
BOA has really messed up a good process. Until this month I was singing their praises...and
Read more…A good friend of mine wants to seller her brand new house due to job relocation. She bought 1 year ago with 20% down so I am assuming she has equity.
Property located on:
--HASBROUCK HEIGHTS 07604
Please email me so I can make sure you are the
Read more…I am wondering if anyone may have any suggestions here. My client had a 2nd loan that was serviced by First Franklin. It was transferred to BOA who shows that the loan was service released, but, they have no record of where it went. I have called abo
Read more…Heres my situation: I'm using wells Fargo FHA loan I made an offer - owner approved bank countered msl or higher I counter offered msl minus 3k closing (more then 1%) Received a message from my realtor that the lender "semi approved" counter offer bu
Read more…Seller has 1st lien w/ CHASE $90k , 2nd lien CHASE HELOC $95K, & 3rd lien HFC at $35k.
MV is $95K
Should Seller go w/ HAFA or not. Seller would like to rent back from Buyer/ Investor.
Read more…Hi there,
I have a military client who is being transferred to Texas from VA next month. I have a contract on his home to short sale - BOA is the servicing the loan. BOA short sale dept. will not take my calls (because my client is active duty)
Read more…I am in California and I have a short sale with US Bank that has a 2nd with a local bank, listed on March 23rd, 2012.
Complete package has been turned in to both banks and file is under review.
Seller received a call from US Bank collection departmen
Read more…We have a Buyer attempting to purchase a new primary residence; a SFR non-FNMA short sale. We also represent the Seller in the transaction.
The Buyer is putting down 80% LTV and has 700+ credit scores. However, our Buyer has a short sale that closed
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