A seller just contacted me: he has a 1st and 2nd with Wells Fargo. Then, he told me he has $7k left on a new HVAC system that was installed last year. This was financed by the HVAC company (or at least on some sort of unsecured credit.)
Any idea
Read more…An agent in my office contacted me to help her. This is the situation. Sale was a regular one until it was just discovered owner was not upfront and has liens amounting to 50K+ ( HOA and at least 2 mechanics liens). I am told owner has money to pay t
Read more…I am thankful for all the advice in this site.
I wanted to give this tip out to others that have had issues getting a bad BPO disputed. I am the listing agent on a short sale and presented an offer to Wells Fargo that was countered at a price that wa
Read more…I am listing agent. Does anyone have any success getting help with Fannie Mae if my MLS does not support the Short Sale Assistance Desk? I have called before and was told that they only have authorization to speak with the servicers and not the real
Read more…Hi Everyone - My office chages fees to negotiate short sales (Dont we all...) - Recently we have been doing lots of HAFA deals and I need some guidance. What do you charge (what do you call the fee and what dollar amount)? Keep this post up (and mark
Read more…I have been working on a short sale with wells for the last 7 months. At first the BPO came in for almost 500k and our contract is for 455k. I successfully challenged the BPO based on realistic values and the property being in a distressed market are
Read more…We are in final stages of approval. Wells Fargo holds 1st (FHA) and there is no 2nd. 6% approved for brokers and $1,000 to seller for relocation assistance via FHA. $1,250 denied for facilitator (processor/lic mortgage broker). An agent in my office
Read more…BOA HAFA SHORT SALE APPROVED 2/24/12,Wells Fargo(WF) HELOC 2nd pending Approval/ release ...now how to negotiate w/ HOA's Attorney on a $2400 lien? Seller has no $$$, buyer's saying NO WAY(for now).
Latest court notice, "MOTION TO CONTINUE ON THE INA
Read more…As an agent, I have sold many short sales. I recently wrote an offer to buy a short sale as my primary home. The listing agent insisted that I write the contract as if my broker was representing me. I don't see why a lender would care if the buyer
Read more…I had property listed with no offers and when GMAC asked why there had been no offers I sent them a CMA report showing value being lower then list price. They gave written advise for pricing, we reduced list price accordingly and received an offer w
Read more…Hi all,
Long story short, been pursuing a short sale since August 2011. FINALLY got short sale approval (well actually about 8 weeks ago, but the letter never arrived, so that took another 5 weeks to get sent, and then it arrived EXPIRED and we ha
Read more…Our firm has a marathon short sale file that needs to be finalized. We keep running into roadblocks and I think it is time to call out the big dogs - short sale superstars! Does anyone have any recent contacts that can assist with a previously appr
Read more…Got my ATP yesterday for my FHA PFS. Yay!! Now I have to submit the preliminary HUD. The seller had accepted the offer with the buyer's request for $4000 contribution towards his closing expenses.
I read on the FHA guidelines they only pay up to 1% t
Read more…Chase will be on equator by July . Just informed by a Chase VP
Read more…I have had an offer in on a short sale since Nov. 17th. The listing price was $650,000 and our offer was for full price. The comps in the area show that the price is right on...if not even a little over market. We heard on Feb. 14th that there was a
Read more…My wife and I found a great house for sale in San Diego, but it is a short sale and things aren't looking so good at this point.
The sellers are a recently divorced couple: Mrs. Seller is still living in the house (with tenants to make ends meet); Mr
Read more…Anybody knows anything about Aurora filing for BK, are they still doing SS approvals? i just got a new listing and it is with Aurora
Read more…Hi all,
I've been searching the forum and I think I have the answer to my question but thought I'd throw it out there to double check.
I received an approval letter from central for a short sale here in Washington. Only one lender. No promissory not
Read more…We subitted an offer on a Wells Fargo FHA preforeclosure. In the offer we stated that the home was located in the path of a major hail storm and requested that the insurance company be notified. If hail damage was found the seller agreed that the s
Read more…
**********************************
like buttons
************************