Anyone here work in the Ashburn, Virginia area? I need to refer a seller to someone with demonstrated experience with short sales. She is going to be moving out here to Oregon to take care of aging parents and is upside down. No other demonstrated
Read more…I'm going to make this as short, but comprehensive as possible. I currently live in NJ, but am moving at the end of the school year to SW FL once our house here closes.
A few weeks ago, I found a property that was listed as a SS, but had been removed
Read more…I have a seller that applied for the HAFA program 3 times and he has been declined 3 times. He is now lived in the home for 2 years without making a mortage payment. Bank of America informed me that they will not even consider a short sale without
Read more…I am a buyer for a short sale in Massachusetts. My offer was accepted by the Seller on February 3rd but I honestly have no idea where we are in the process. The seller's agent was using a title company for negotiation the first 2 months. The only
Read more…I am looking to talk w/ Atturney's that have worked w/ PNC. My question is will they look to get a judgement against me for the deficience on my PNC loan?
Read more…Advise needed on NJ Short Sale. Seller has 1st & 2nd lien on property, with 2nd being a HELOC.
1st is with BOA for Fannie Mae; 2nd is CLC or PNC for Etrade.
Turns out seller had a HELOC loan with ETrade in 2005 for $35K
Seller refinanced in 2006 (BO
Read more…By way of introduction, I am a real estate broker in CA, and a cash buyer investing in a SS property in Reno, Nevada. Although I am involved in real estate, it is in the commercial arena, so SS's are new to me from a process standpoint. My question
Read more…The short sale happened in 2009
Received a 1099C for 2009 for the difference in loan principal amount and short sale payoff
We paid taxes on that 1099C amount.
At the end of 2011, we received notice of $40,000 debt with lender using same loan account
Read more…We have an approved Chase short sale -VA loan. The WDO turned up live termites which will require treatment and repairs in order to obtain a clear WDO (termite report). The negotiator at Chase has stated that VA will not pay for repairs. The Buyer
Read more…I have a short sale scenario that I've never had before:
1st with ING, 2nd with Chase but charged off to LCS -
ING wants approval from Chase/LCS before delaying sale date and issuing any approval
Chase/LCS infomed me this cannot happen and they requi
Read more…Hi Everyone.
I am buying a short sale where I am making cash contributions to the second lender. My lender is Provident Funding. Does anyone know if Provident funding allows for cash contributions? My broker has an email out to them awaiting an
Read more…Hello All You Short Sale Superstars
I am attempting to purchase a short sale home and have finally received approval from all parties ( after several "surprises already) and was ready to move on inspections and loan applications using FHA Loan AND MH
Read more…I've been working on a short sale that was submitted in January...We have a CASH offer that is $15,000 more than the BPO. There's a June 5th foreclosure sale date that we're trying to avoid, and the BPO expires on June 14th. It's crunch time and I ca
Read more…This is a follow up to my previous post. Would this not be a violation of trying to collect a debt after bankruptcy. Has anyone come across this before?? what say you???
Read more…I received my short sale approval letter from Citi today and one of the terms of the approval letter is that the borrower "make all payments until the sale of the property." Has anybody closed a short sale with Citi with this language in the short s
Read more…Hi,
I am finding myself having no time to do anymore negotiation and is looking into outsourcing the tasks to someone else so that I could handle more listing appointments. I just wanted to get feedback on whose on here does not negotiate on their o
Read more…Hi,
I am first time home buyer and have submitted an offer for a short sale that has been accepted by the seller and sent to the bank.
The seller’s agent uploaded the document to the equator system on 3//27/2012, and he said that we should get a
Read more…Are the short sale qualifying guidelines the same for a primary residence vs. a rental house? I have a client who is currently short selling her primary residence because of divorce. Now she wants to sell the rental she is underwater on. She coul
Read more…We've been in the process of buying a short sale for the past 3.5 months. We just got a counter offer front the bank 2 days ago, which we accepted, and its about to go for final approval from the investor. We got an email form the sellers agent, who
Read more…The end of Wells' s Short Sale Contract Addendum has this little form, and the second sentence says: "This document also extends the contract acceptance date to within 15 days from the investors' approval"
What does this mean in practice? -- anythin
Read more…
**********************************
like buttons
************************