As reported on CBSNEWS.COM
Banks in $25B deal to settle foreclosure
"The agreement, which the U.S. Justice Department announced Thursday after more than 16 months of negotiations involving all 50 U.S. states, federal authorities and the banks, provi
Read more…What is happening:
Chase closing agent is saying "NO EXTENSION" recieved offer approval on 2/09/12
Chase says mustto close on the Feb. 28th - all cash deal any ideas before I escalate.
Thank you in advance,
Rick
Read more…Has anybody been getting this from BOA lately. I have two files initaited in Equator and close to being approved. Then all of a sudden I am told that there is a "litigation code" on the file and they are not authorized to speak with me until the li
Read more…My seller has a loan with BofA and started a short sale request with REDC, who told him to contact a realtor, which he did (me). Now, no one at either REDC or BofA can figure out how to add me to the existing Equator system for his file. Any suggesti
Read more…I qualify in every way for a short sale... that's not the question.
Here are the numbers for what I owe the banks:
BOA 1st - $147,000
CHASE HELOC 2nd - $55,000
I have had 2 buyers in the past 18 months. The first was purchasing for $145,000 (and I
Read more…I have an approved HAFA short sale with Bank of America with an auction date of Feb. 23. The second is with Chase but is now being handled by a collection agency name Redline Recovery Services. I am talking with the collection agency representative
Read more…Hi all,
this is my first post on this forum. Please forgive me for posting such an elementary question but here it goes:
I'm a relatively new agent who completed the SFR course a couple of months ago. An acquiantence of mine has an investment prop
Read more…Just took a Short Sale Listing with one loan being serviced by Carrington. Looked it up, joined the group, but it appears there isn't much activity? Any advice superstars that have dealt with these guys?? Thank you!
Read more…I have a bofa short sale and the tenant (which has no lease or rental agreement with my seller) says he needs to stay about 2 weeks after the scheduled close of escrow. I am wondering....if escrow closes can the new owners call the sheriff and have
Read more…I am working a GMAC first and second. Last year (2011) I had it approved and the buyer could not get financing. It took months to get a new buyer. The negotiator now tells me that the loan was discharged and now he is acting on the file like it was
Read more…Anyone have a feel for how/ when the settlement will be implemented?
How/when will those foreclosed upon already receive their pitances?
Read more…The 2nd mortgage is a Home Equity Line and balance is significantly more than the 1st mortgage. So, 1st mortgage would be paid in full with short sale proceeds (no short sale with 1st loan). Will 2nd loan Home Equity allow for a HAFA short sale with
Read more…Just curious if anyone has any idea on how to find out who's delinquent on their mortgage. (Prior to an NOD being filed.)
This seems like this would be a good way to locate more Sellers for short sales?
Read more…I am a buyer on a Seterus short sale.. Seterus countered my original offer, and I accepted. I've waited a week for the approval letter only to now be told that Seterus is requiring me to put an additioanl non-refundable deposit of $2,000 down to "gu
Read more…I just saw this posted on the CDPE forums.
“Account is a claim-transferred from Radian to Franklin Credit Management collection. The claim represent the amount we are entitled to recover from you on the mortgage insurance claim Radian paid to your l
Read more…Good to see everyone!!!! Hope you enjoyed the panel discussion.
Read more…Who is going to the KW convention next week?
I will be facilitating a ROCK STAR panel with 4 of the top short sale agents in the country. The best of the best will be on the panel.
Kayte Gentry
Kevin Kauffman
Barbara Dopp
Toni Patillo
Session Inform
Read more…The situation:
PNC is the 1st mortgage and Bank of America Home equity is the 2nd.
PNC approved the short sale with allowing the 2nd lien a payoff $2340.00
Bank of America also approved the short sale however, the mortgage insurance company is d
Read more…Owners called to initiate a short sale over a month ago. They have an FHA loan and were in the process of trying to obtain a loan modification but got frustrated and decided to sell. I was told by BoA in order to get approved for an FHA short sale
Read more…
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