We have a laundry list of questions that we ask a lisitng agent and/or the sellers short sale processor before we show a property. There are particular things we look for to gauge the level of experience to be able to property consult with our buyer
Read more…Hello All - I am under a very tight timeline and was wondering if anyone had a completed BofA Value Dispute form they could send me? I am clear that I need to pull Comps, however, as everyone is aware with BofA, the most thorough submitted documents
Read more…I’m wondering if this time line looks somewhat normal (in sarasota county), or if this is a lost cause? Things seemed to really stall out in November. I’m not familiar with all the terms, is there anything more that I can do to speed this along?
7/
Read more…I am working on a short sale, and when I did my preliminary title search, I was surprised to learn that the seller had previously transferred title to another person doing a "subject to" existing mortgage closing. Now I have a siutation where the se
Read more…Is it just me or is BofA absolutely ridiculuous in pushing HAFA. They make the customer call in and give them the "HAFA is the BEST program" sales pitch which apparently everyone gets ( whether they actually qualify or not) when the reality of the pr
Read more…I'm representing the buyer of a short sale in California; Seller's agent is in my brokerage, and has "hired" a 3d party negotiator. BofA has countered my client's offer. I know the counter price but not terms. 3d party negotiator will not provide Equ
Read more…I am working on a sale. Buyer is cash, as property won't qualify for financing (other than rehab financing) - anyways, I got a call from Chase that Freddie Mac has a "guideline" that you cannot buy property in trust or llc. I asked the negotiator
Read more…Hope everyone had a productive week so far. I didnt see anyone start a thread and ask so I was curious what everyones thoughts were on the releif act ending this year? Any trends, adjustments you guys thinking about?
Read more…Hi We are a buyer and we found out sellers listing agent outsourced the negotiation to a third party. What's the typical fee these third party negotiators charge? Thanks in advance
Read more…Hello Fellow Short Sale Agents:
Just looking for some feedback from everyone on which banks you consider easier to work with and which ones make you want to pull your hair out?
I know that every file is different and every negotiator is different as
Read more…Hi everyone-
I am a buyer in a CA short sale where BOA is the 1st lien holder. It has been a little over 3 months since I put my offer in and the LA has told us that he has verbal approval, but nothing in writing yet. I recently went back to see th
Read more…HELP! I received an offer for short sale listing I have which is great! The utilities have been shut off because owner owes alot of money, however he will not pay outstanding balance to turn the utilites back on. Therefore buyers cannot complete i
Read more…Am Loan Originator & have been for 11 years. Used to be at wells too. Need help-have personal modification to do. Primary residence, SFR. Wells first: $624,000 10/1 IO and property worth $550k. Not elgible for HARP 2. Investor BOA.
WAnt to keep
Read more…My client moved to another state because of employment reasons. Job was not in the same job field. Conducting a short sale on this home in Ca. Is he subject to tax implications if he sells the home. It was his primary residence. Used a FHA loan
Read more…I am buying a BOA short sale house. I signed the contract in Oct and received the short sale approval in the beginning of Dec 2011, loan was clear to close on 12/21 and closing was scheduled for 12/29. Few days prior to closing I was informed by the
Read more…Good Morning
Appraiser's notes stated pool neglected & water/electric not on. Buyer's lender requires pool to be clean & working, water & electric to be on for appraiser to go back out.
Home has outstanding water bill for which Seller's lender has a
Read more…I am currently selling a BOA short sale. I have had several new companies contact me about working for them. Which companies BPO's lead to listings? I don't want to be a BPO agent, I want to be a selling agent.
Read more…Hi Everyone,
I have been under contract for a short sale since September 17th (approx. 3 and a half months) and we recieved a verbal approval on our offer about a week and a half ago. At that time we were told we should recieve the actual approval
Read more…I have had the same situation occur. I reached out to the supervisor and team lead at Chase and I was told the same thing, it is a Feddie Mac Rule. However I was not able to get that in writting. I was told to do what ever after the closings such a
Read more…I want to thank all who have contributed to this site. I was empowered by the great advice given when I received a call at the end of August from very distressed homeowners who were 5 days from TS. They had not made a payment to the 1st, 2nd, or HOA
Read more…
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