I was told by negotiator with Chase on Feb 17 that file approved and sent to closing dept....Despite conversations with closing agent, who has had file since Feb 20 and states she is to busy to send the letter...and leaving voice mails for her superv
Read more…Can a homeowners association forclose on a home listed as a short sale and seller is in the process of finding a buyer in Broward County, FLorida? ANy help with this questions would be really appreciated!
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Has anyone been able to figure out a percentage off the initial suggested list price that a lender might accept in a pre-approved short sale?
For example, in a HAFA short sale or a BoA Co-op sale, the lender does a BPO first and then suggests an init
Read more…Hello Superstars,
Are you finding that Wells Fargo (now on Equator) is still generally faster than B or A for approvals? I have a first and a HELOC, both with Wells and haven't done a Wells SS in a while.
Also, is there a document that compares the v
Read more…OK, here's the deal:
My wife and I decided it was time to buy our first home. Unfortunately, the only house we could both agree on is a SS. But since we're not in a huge hurry, we figured we might as well make an offer. Here are the details on the
Read more…Ok so I need some help from the group on anyone with a number to a live body within Met Life. I've been trying for a week and hours on hold (lovely elevator music) to get someone and no luck. My negotiator quit or was fired a couple weeks ago at the
Read more…I have an IBM short sale in Baltimore City. Offer is $6000, well supported by comps. IBM is holding out for $15,000 NET using much better comps. Does anyone know how to escalate this to someone with a brain?
Barry Levy
RE/MAX ALLEGIANCE
202-829-9
Read more…Have known the roof was going to be an issue from day 1. Just received an offer and am wondering if I can line item the cost for a new roof to be paid at closing on the estimated HUD I send to the lender? Open to any and all possible strategies.
Lend
Read more…I currently have a short sale with Bank of America that was approved to participate in their FHA pre-foreclosure program. Deadline is today and while I've had a number of showings on the property I have not been able to secure an offer at the sugges
Read more…I am representing a client who is currently marketing his property for short sale.
We are working with the Government Loan Short Sale Dept and have just received a rejection for an offer that was submitted for the purchase of this home.
The reason
Read more…We just closed a difficult, 8 month transaction. The Seller had been dutifully keeping the HOA dues current, despite a serious hardship...so as to facilitate an easier short sale. During 8 months Buyer countered numerous times in "tiny" increments,
Read more…First mortgage, Bank of America is allowing the second mortgage which is CCO Mortgage, 6% of outstanding second mortgage balance or an allowance of $1,554.40. Typical.
CCO rep tells me the balance is now written off and they want a total of $2,6
Read more…Does anyone have a number from Bank of America for the buyer to call and get some customer service help? The negotiator is not replying to anything we ask for and there is no number to go to.
Read more…We need to get our ss thru the system fast yo avoid trial for judicial foreclosure
Read more…Hey Experts Out There,
I have a VA Buyer that is purchasing a Wells Fargo Short Sale where the First Mortgage Security is held by Freddie Mac. The servicer has rejected the final HUD stating the Freddie Mac will not allow any portion of the Seller
Read more…I need to help a Seller write a Hardship Letter for being underwater. He is Self-employed and can afford to pay the mortgage. But has moved from the house to be closer to his job.His home is worth about $500,000 and owes about $780,000. Any suggestio
Read more…Can I tell a potential Short Seller that the lender will definately not seek a Deficiency Judgement? Are there any circumstances where they "are" seeking Deficiency Judgements? I've done a number of short sales thus far and have yet to have a lende
Read more…Is it a short sale if the first gets all that is owed but the 2nd and 3rd does not?
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
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