I am the buyer in a short sale that we have been waiting for more than 3 months for approval. We just got word that the bank has to qualify the sellers for HAFA (even though the sellers do NOT want it).
We've been told the file is complete and that
Read more…I have a mobile home listing that I took over for a friend. We have had it on the market for about a year at the price the lender set as their lowest price they would accept in a short sale. Originally, the lender, 21st Mortgage, stated that we cou
Read more…We, an attorney paralegal and myself sat and watched as much of a webinar as we could bare today. With the reinvention of the mls, pictures, and repeat information, the ongoing reference to paychecks and on and on... we finally shut the webinar off
Read more…Howdy Folks -
Just curious if anyone is seeing short sale approvals when the seller isn't delinquent. We just did one, but the seller was military and being transferred out of country. Most however, the seller has been delinquent. We are seeing
Read more…For a PNC second, I am held up in QC and I have been told by customer service to just wait 10-15 business days. I have heard this over and over and I am impatient and want to escalate this file. We postponed the sale date once and they told me they w
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So, I've been anxiously waiting for my 1099s from a short sale I closed in June. I received 1098s for the mortgage interest from both mortgage companies last week but I didn't get the 1099s.
Anyone received a 1099 from Wells Fargo or Chase fo
Read more…I'm out of the Seattle area but not sure it matters. Would love a great referral and how they typically price etc.
Thanks!
Read more…I have a deal right now where CITI and the investor have agreed to the short sale but the MI company is only allowing the 2nd lien $1K and that note is around $50K. The 2nd lien is GMAC and they won't accept anything less than $5K. This battle over
Read more…Agent that is processing my short sale owned the property and did not have it listed as far as I can tell.
Is this legal?
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I have a Homeowner that fell behind. Bank of America called in FHA for help. FHA paid BOA 18,000 in back payments known as a Partial claim. (C&L Service is the one handling this 2nd). It is a no interest loan.
Since it is FHA loan the first will on
Read more…So I have a client who filed chapter 7, well it was discharged in 7/11. Last fall he had to leave his contract job for a job out of state. Turns out with his new job he is making very good money. In the meantime we started a short sale on his house (
Read more…I recently changed to a new Broker. Company claims, that if you use a certain Escrow Co., that they negotiate your SS for free. Bank get charged for that, and if the bank refuses to pay, it's OK. I know, that has been a lot of dicussion here, re-SS
Read more…I am ready to close on an Ocwen short sale but the escrow company will not sign off on the Arms Length affidavit. They are asking for written acknowledgement from Ocwen that this is acceptable but Ocwen has replied that no changes on the affidavit a
Read more…Has anyone had a short sale approved for a property that was owned by a trust?
If so, what documents did the lender require?
Read more…We are hoping to close a BoA Hafa short sale tomorrow. The HUD was submitted 72 hours prior and they rejected stating The Hafa Allowance HUD line needed to read differently. We immediately made the change and had it uploaded within the hour. Since t
Read more…Good morning! I'm just hoping to get some ideas today. We are in danger of losing our 4th buyer on this short sale, and we are getting NOWHERE with OCWEN.
Here's the scenario, in as much of a nutshell as I can make it. We have a listing and it too
Read more…We wrapped up a short sale last week, closed on Tuesday, funded on Weds, in which the first mortgage holder was paid in full, a second and third got shorted. Today I got a call from Nationstar, the first mortgage holder that there was a problem: Th
Read more…Good morning all,
I have a question. I am fairly new to doing short sales. I have 5 successful closing from the day I started last year in October.
I am working on a file where Nation Star is the first (Fannie Mae) and Suntrust is the second. I have
Read more…Submitted FULL COMPLETE short sale packet 11/28 - Called and called and on 12/18 was told they wanted a UBA form instead of Suntrust Financial Form. Got that to them on 12/20. Sent in numerous emails asking about negotiatior, when file woudl be ass
Read more…I have been working on a short sale since September 22,2011. What an ordeal. it seems that their customer calls are outsourced to India. The worst is that most agents do not comprehend the language. At the end of the call all seems that it's working
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