Superstars,
If only the husband is on title for a short sale property and he got married after he purchased the property, would his spouse's finances matter when the bank reviews the short sale file? I am assuming not, but I thought I'd check with th
Read more…how are short sale lenders handling buyer's BINSR requested repair/ replace
POLYBUTYLENE PIPING.
Read more…I AM REPRESENTING BUYER AND SELLER.
BOFA ON FIRST, PAYING 4k TO SENCOND
SECOND IS GMAC WITH ETRADE AS INVESTOR, DEMANDING 15K. (NO WAY I CAN GET EITHER TO PAY MORE...THERE IS NO WAY)
BUYER IS WILLING TO PAY 11K shortage.
ORIGINALLY I SHOWED BOFA THA
Read more…Beware, if you have outsanding BofA Equator tasks still open after midnight 4/12 your short sale may be declined or you may have to start all over. The BofA webinar today was interesting, and cryptic.
4/13 is the starting date for some important c
Read more…My client has an Acorn grant that she will have to repay if she sells before Aug 2012. She has lost her job and cannot make her payments anymore and wants to do a short sale. What happens to the Acorn grant if we sell before August? Is it considered
Read more…I have informed Wells and they are rekeying the property to secure it, they have not asked for a copy of the police report or pictures of damage. Any suggestions would be appreciated. We are in California
Good Morning Alll....
Looking for alot of insight. I have a listing. The homeowner tells me he has a reverse mortgage. I contacted Wells Fargo. He has a reverse mortgage. He owes approximately $70,000. The house is worth about $20,000. Wells
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Hi guys, We just added a bunch of articles to the Advanced Short Sale Training Group to help you in your business. Be sure to pop over and check them out.
I just received a very disturbing email that originated from BoA to my title company to me. The email reads:
FHLMC Prohibits Short Sales During Redemption Periods 3.22.2012
FHLMC has made a change to their policy, effective immediately, that proh
Read more…I am pretty sure I already know the proper way to handle this but just curious as to how some of you other agents handle contingencies when dealing with a short sale.
I just had a 40 minute phone conversation with a buyers agent who has never been in
Read more…Anyone have a good contact with NYCB or amtrust? Short sale or Foreclosure Dept?
Read more…Does anyone know if a borrower has to be current on HOA dues if they are participating in a HAFA short sale with Bank of America? Is there such a thing as a set amount for HOA liens allowable by HAFA/BofA? Thanks in advance
Read more…Hi i was hoping some one can help me out. I sold my property on a short sale last year march 2011. I was waiting for the bank to issue me a 1099 c but i did not get one. should i contact the back and ask for one or should i just leave it alone. i don
Read more…Grace Taylor (supervisor over call team) 804-291-2497
Christa Eskra (supervisor over HELOCs) 804-291-2404
Brian Johnson (Supervisor over Private and FHA loans) 804-319-2965
Steve Harris (Manager over FNMA, Freddie, & Suntrust loans) 804-319-2642
Deni
Read more…I have a question to see if I proceed with a short sale, the lender is provident funding, they purchased the home in 2006 for 496,000 and they have a current mortgage of 395,000. The current market value of the home is 325,000 and they are current wi
Read more…I have posted before about my short sale but I would like some insight from someone who does these all the time. We started the process with a full price offer on Nov. 17th...we heard nothing until January when we were told the BPO was being done. On
Read more…I have a seller that has a first and second lien with Chase. The first has offered him $30k to short his home and the 2nd has offered him $10k. This is on top of the $3k from the HAFA program. Have any of you heard of other lenders offering so muc
Read more…We are working on a Bank of America DTS "approved" short sale with a Citifinancial Equity Services, Inc. 2nd. Convergent Outsourcing is handling the servicing for Citifinancial (now, I believe, One Main?). Convergent has declared that they are boun
Read more…I am taking a new short sale listing where there is a 1st and 2nd. However, the seller already went through bankruptcy, so how is that going to affect the 2nd as far as negotiations are concerned? Would they still be eligible for any proceeds or are
Read more…I have a short sale with 1st and 2nd with WF. The 1st is a Fannie and is asking for $5000 in cash or 17K promissory note to waive deficiency; my client cannot afford either. The 2nd is telling my negotiator and client that they will not negotiate t
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