I am the seller. I am very much a neophyte to this so doing my best to learn. We have been approved by the bank for HAFA ($10000) and I was curious when this is due to be paid out. At closing? After closing? A certain period of time after?
Any help/
Read more…Hello Everyone!
Have any of you ever experienced negotiating a short sale with Nasa Federal Credit Union?
I have a file where they are not willing to accept HUD guidelines (and of course they do not have to accept them) and want $6,000. But they to
Read more…If Wells/ASC authorize a junior lien to receive some money, will that amount and payee always be listed on the short sale approval letter or would it just be lumped in with other costs? It seems like the estimated HUD 1 would not be enough. Thanks
Read more…I currently working on a short sale with Rushmore. There're holding firm on a 200K net with no regards to the certified engineer report. The engineer report states the property has about 40K in repairs to bring the property into compliance. They're c
Read more…I am a buyer. I saw a short sale listing a month back and placed an offer to it.
I have same agent for buyer and seller.
I have already given 1% Earnest Money to the listing agent company.
The BPO was ordered two weeks back and report is given to the M
I've got a short sale property with a first with Selene, 2nd with Ditech. BPO was done and came back at $395k, which is right around the property value but not a competitive price. It's a nice house, great area. However, we have not been getting a lo
Read more…Is there anyone that knows who to contact above the executive office to stop a foreclosure? I have an offer above the minimum Net proceeds and WF is not stopping the foreclosure. Foreclosure date is set for 3/15/16, I submitted the offer to WF 10 d
Read more…I listed property at $42k and got an offer in 3 days for $40,100, which is based on comps both myself and buyer agent researched. I sent letter with comps with offer based through Equator for their review. Appraiser came back with $50k value and BoA
Read more…USAA the 2nd owed 100k. Countered at 97k, then approved 36k. 1st (Wells Fargo) since gone short, HAFA, giving USAA 12k. USAA denies 12k and wants 36k. Wells will not allow sellers to contribute 10k relocation n fee to USAA. How can I make USAA acce
Read more…General question. I have a seller who is insisting on asking the bank for relocation assistance in their short sale, and has specified the amount they want to "cover their moving costs". I have tried to explain to the seller that some banks do not o
Read more…We had a short sale this summer and received a 1099-C ..In the box 7 (Fair Market Value) It's empty.
My tax guy said there should be something in that box.
He sent me a link to IRS R&R on 1099-C and sure enough it says prior to 2014 nothing was neede
Read more…I assume the answer is NO. But here goes:
I've got a seller, probate situation, property is in disrepair so only cash buyers. Lender has already indicated that no incentive will be paid. Is there any other way to LEGALLY get the sellers something fo
Read more…The garage has a crack in the wall that goes across the garage floor and up the other side of the wall. I did some research and was told that the city had done some work back in 2012, in which driveways were messed up. This may or may not have affect
Read more…I am currently orking on a short sale with Chase as first lien holder and Merryl Lynch as second. I am looking for a short sale package for Merryl Lynch. If anyone has delt with them before and have any experiences to share I'd appreciate it. We have
Read more…I initiated a short sale April 2015 when I first listed a property and have continually updated the information with income, bank statements, tax returns since then. Received an offer November 4th and once I had all my ducks in a row submitted with
Read more…Anyone see this? Suggestions?
Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a short sale and the available options are Deed-in Lieu
Read more…Carrington refuses to pay a city required certification fee and the conveyancing fee....any direction would be appreciated?
Read more…Hi...Short sale with Chase first and $98,000 HELOC with Everbank. Investor on 2nd is River Source Life Insurance Company, Minneapolis, Mn.
Everbank has rejected my first HUD where I offered them $2000.Realistic for me to expect them to take 5 cents o
Read more…I get a bad appraisal from Landsafe via Bank of America on a listing. Value too high and I can not provide recent comps have to be old comps prior to the appraisal. I show the bank that the appraiser compared my property with those that had assessm
Read more…My buyer submitted a fair offer on a short sale. FNMA obtained a BPO and their own appraisal but would not advise even the seller the amount of their appraisal. FNMA did not approve the buyer's offer; instead they countered 35 percent above this
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