I have a file now that is in litigation. This is what happened: Buyers were ready to close on the date agreed to by both the buyer and the seller, except the Hazard Insurance refuse to write the policy because of a pending Storm. A big category 3
Read more…First lien holder is Wells Fargo, offer was $175,000, Wells countered at $205,000. We disputed their BPO and eventually Wells caved and accepted the $175,000 offer. Now the buyers appraisal just came in and it is significantly below the contract pr
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Chase did not issue a deficiency waiver on the letter and referral agent to the VA for their position. The VA said they wouldn't come after the client, but didn't say they would instruct Chase to revise the letter. Instead, they said Chase would
Read more…I have recently seen 2 cases in which two different banks refused to work with our office if the client was represented by a Foreclosure Defense Attorney. We have tried several techniques, to no avail. Is this a new policy for certain investors, or a
Read more…I've got a stalled file with CCO and need an upper level contact to escalate. Jigsaw, Facebook, LinkedIn all proved unsuccessful. Any help would be appreciated.
Read more…Looking for advice with investor required funds for seller at closing with Nation Star. Has anyone been able to get the required funds at closing waived?
Read more…I have been working short sale homes now for about 3 years, ranging in price ranges from 1 mil, down to 30k. During those 3 years, I've worked probably about 60-80 properties, and closed on only FOUR. Over those 3 years, I continually see people prof
Read more…I have a situation with a short sale where the seller is insisting on selling all furnishings and appliances outside the contract and will not sign any offers unless the buyer agrees to purchase these items outside the contract. The listing agreemen
Read more…Aurora Bank will not release my client from "Liability" on the short sale approval of their investment property, which means they can pursue them for a deficiency judgment in FL. If the Banks issues a 1099-C does this not in essence mean that they ca
Read more…1st with GMAC, 2nd with Wells Fargo. Been working on this file for a year. Had approval on 1st to close March 1st and approval on 2nd approved for $5000, needed $6000 but needed extension on first thru 3.12.12. They asked for $6,900 more net to th
Read more…It's been 7 months, we have a verbal approval from Chase, written approval is coming in the next couple of days, the extraordinary HOA fees have been negotiated, everything is set to go and then today the seller left her listing agent over an argumen
Read more…Hi all, I've got Chase on the 1st and Real Time Resolutions on the 2nd. RTR is not allowing the seller to receive the $20k Chase incentive, but the seller needs the $20k to help pay off what RTR is demanding to release the lien. I talked to a Chase s
Read more…i have a short sale with PNC, and of course after 9 months of feathering the price down from 240 to 125 where we got a cash offer at $120. And of course now they say they will only take $160,000. in the same breath of air he says that he is going to
Read more…I have a homeowner who was laid off, so he does have that hardship.
However, when he married his wife last year, they moved into her house and rented his out. His name is NOT on her title and her name is not on his, however, the tenant is not paying
Read more…Hi everyone, what a great website! I am in an ugly situation with Chase on the 1st and RTR on the 2nd. Chase approved HAFA short sale in November, and RTR wanted $27k to release 2nd. Chase would not allow that under HAFA and would not allow any buyer
Read more…After numerous hours of calling BB&T's corporate offices I found someone in the Recovery Dept who was willing to contact the attorneys in Tampa and see if he could get things moving. I sent the Recovery Dept a few documents regarding the short sale
Read more…Does anyone know how to move old files from one offer to another in Equator. I had a deal fall apart at the last minute and I got a new offer within days. However they are asking me to re down load all the files I already have in the system under the
Read more…Hello,
My fiance and I both own a home. We can afford both mortgages right now, but would like to sell her condo so we can consolidate bills, start a family, etc. We met with a real estate agent yesterday who said that our situation was not a va
Read more…This will be my first short sale where I have to upload to Equator. I went to Equator and don't see where I upload documents? I only see where I "Initiate a File" and I have done that but how do I upload docs?
Read more…I believe the investor is Fannie Mae. The offer amount is 80 percent of what is owed on the loan.
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