Hi Everyone: We are having a difference of opinion. When there are two lenders involved and the sale of the house will bring enough money to pay-off the 1st lien holder but not the 2nd lien holder, we still need to notify both lien holders of the s
Read more…Bank of America just announced its new Valuation Dispute Process. Here is the link: https://realestateagent.bankofamerica.com/ptff.aspx?p=293
What are your thoughts?
Read more…I am the selling agent on a B of A short sale where the property itself is truly distressed. There are three sump pumps in the basement. Seller moved out and turned off the electricity, resulting in literally a foot of water in the basement and mol
Read more…Hi all, I'm looking for some help in getting an FHA short sale out of the starting gate. Property is owned by 2 people as joint tenants with right of survivorship. There is a Judgment entered against one of the 2 owners. In Maryland, a Judgment again
Read more…Has anybody worked on a Short Sale that had a CHDAP? Does this act as a second lien on the property? What has been your experiences? Who needs to be contacted on this? Any help would be appreciated! This is my first time with a short sale that had a
Read more…I have a prospective seller who has relocated to Florida and has his primary residence in Maine that he needs to short sale. I don't handle Maine short sales so I need an agent who is proficient in short sales to refer this guy to...any takers?
Keri
Read more…Ok, we know Short Sales are a grind, so why not share some humor? I'll start with this nifty little video I made...
https://www.youtube.com/watch?feature=player_embedded&v=w1mv7YF2lsM
Read more…Hi Everyone,
Has anyone run across the latest trick by Wells Fargo AND Bank of America that we supply a full appraisal and re-submit the file afterwards? When we finally were able to get an answer on why this would be, they said that they can't find
Read more…I have a home owner ready to list and it will be a short sale. Are most of you listing the home and initiating the file in Equator (bank of america) at the same time? So much of the instruction of Bank of America's website are geared toward me alread
Read more…I've read almost every short story on the board, but I don't fall into all of the cat's. My problem is this and I'm wondering if anyone has deal with Cenlar. I got a refin through a company called ifreedom Direct. Great company as they will work w
Read more…I am the listing agent on a property that has many problems. I knew that once we got to inspections after the lender approval, it would reveal a failing septic system along with a pest report that would show the termite's were holding hands to keep p
Read more…I am working with a seller on a second mortgage and they are having trouble with the bank wanting to work with hafa, It is a smaller bank and I am wondering do they have to cooperate with HAFA
Any guidance will be greatly appreciated...
Thanks
Read more…
Here is a hum dinger of a question...
successfully negotiated a triple lien and brought it in at a great price to an all cash buyer...buyer screws around and submits a crap addendum three days prior to closing drops the price by 100,000, seller sign
Read more…I was wondering if anyone could tell me what my chances are of getting approved for a VA compromise.
I purchased the home in Dec 2006 in Florida for $155K using the VA. I still owe 142,786 on the loan and the house is now "worth" approx $65K accord
Read more…UNtil today I dont know.
Its been 10 days.
We have provided tax information with shareholders info stating there is husband and wife sharing 50/50.
We have provided certified copy of Statement of Information.
WE have provided A letter signed by both
Read more…I have just hit a brick wall with a small bank here is GA
It is an investment property with one loan with Brand Bank at $225K and is only worth $120K
We have a $120K offer but Brand Bank has handed it over to a Foreclosing Attorney and that is who
wi
Read more…We have sceduled a Wells Fargo short sale closing for Thursday 04/12/12. The HUD was submitted last week on EQUATOR as requested. We have no response and a message to the negotiator bounced back saying her email box was full. Whay can be done? Thank
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I was three days away from closing the short sale when RCS said they would not extend they gave me a 10 day approval letter to close the file and I also had to negotiate with FIVE LAKES AGENCY agent for Chase who were horrors, when they finally sen
Read more…With more and more notarized documents needed, I'm wondering, will banks balk if I get a notary license and notarize the signatures (while being the listing agent on the same file?).
It would save a lot of running around and hoping the notary at wh
Read more…A quick background on where we are at: We are the buyer on a SS (seller accepted offer Dec 10, 2011). Paperwork submitted 01/24 to 3rd party negotiator / lenders. 1st is PNC and 2nd is Quicken Loans and my research also shows a small lien for stone
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