Do I have an obligation to the bank to tell them I have a back up offer?
I have a short sale working on a property with an executed contract from a qualified buyer and I have sent this contract to the bank. I also have a back up offer that is sign
Read more…Anyone ever have a situation where the buyer wants to take early occupancy during escrow? This is a second home for seller but will be a primary residence for buyer and so is now vacant. I know there can be no agreement re: seller remaining in the pr
Read more…I have heard good and bad about US Bank, mostly they are hard to work with as they are not proactive at all, any experience with US Bank I would love to hear the outcome and any suggestions. We are in California.
Read more…I represent the Buyer. The listing agent and Seller live out of the area. After approval, I visit the home to check on it, and the pool equipment had been stolen, pool green. Gated, neighborhood. Of course, when my Buyer made the offer that was accep
Read more…Hey everyone, first post here.
Brief background:
I am trying to purchase a vacant unit in my building, currently in year 3 of foreclosure process where the mortgagee is deceased and there is no estate. BOA is servicing the 1st lien and US bank h
Read more…we have just started a short sale. Got the listing and got the buyer. Court has granted summary judgement in the foreclosure action and set a sale date of April 18th. Is it possible to have the sale date postponed and if so, how do i acheive that
Read more…From all the time I spend reading on this forum I have learned about the HAFA, FHA PFS and VA Compromise Sale programs.
My friend is buyer's agent on what the listing agent told her is a non-HAFA short sale. So, my question is: If the short sale does
Read more…We need to escalate on a file. The name of a decision maker in the Chase Recovery Department will be appreciated.
Needless to say we will owe you one.:)
Read more…listened in on the BofA webinar yesterday. I thought it was very informative and not at all cryptic. BofA is giving all of us plenty of notice to get it right. If you can't take the time to get 5 documents signed, then quit doing short sales.
All of
Read more…I know this is a short sale forum so may be this question is inappropriate.
I have a Fannie Mae property I was to acquire, it is a foreclosure property and one day before closing, the title agent (designated by Fannie Mae) said that the property's l
Read more…BOA is declining short sale file due to the fact that they could NOT find the address on active status on ZILLOW ?????? I have send the MLS and history showing a continious marketing on the MLS directly from our MLS system. BOA "complaince departmen
Read more…I have a file I am in process of submitting for a short sale. My client just received a large personal injury settlement. I have already provided bank statements; however, if I had to provide updated statements, it will show it. My client would l
Read more…NEW BOFA Letter of Authorization... only licensed agents or attorneys can be authorized on accounts now? That rules out an assistant being authorized to follow up on even mundane "Did you get the fax?" calls... escalating with BOFA
See link: http://
Read more…Have a seller whose income property is not producing income for the last 6 months. They cant handle to mortgage of this investment property and would like to Short Sale it. Can they fall or qualify for the
Mortgage Debt Forgiveness Act that is Expir
Read more…Hi. This is my first post here. Forgive me if I am posting incorrectly. We just submitted our file to IMB 10 days ago. We have heard nothing. It won't be a HAFA based on the home price. Will IMB let us know that they have received our file? Might the
Read more…I am a buyer in a short sale and the sellers are in a pickle where the 1st will not fully satisfy what the 2nd requires for payoff. I really want the house, but am not sure it is customary or wise to pay more out of pocket than the seller is contrib
Read more…I have a file that needs escalation and would like to know if anyone can help with contacts?...HELP!
Read more…If you have clients who's short sales were killed because of Bank Atlantic or were forced to sign deficiency judgements to be able to proceed with closing please contact me. We are working with the local media to expose why Bank Atlantic is doing th
Read more…Can anyone share their experience conducting a Rural Housing Direct Loan short sale?
Important note for clarification: Direct Loans are the subsidized and taxpayer funded loans that are issued straight from the Department of Agriculture. Uncle S
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