I was contacted by the heir about listing a property. We quickly discovered that the deceased had a Reverse Mortgage and that the estate would not get anything from the sale. I suggested that we could do a short sale. The heir wants to walk away. Doe
Read more…I am a buyer on a B of A property that needs work. I initially offered $325k on the property and included around $125k in pest and structural bids. Equator countered at $400k and I accepted. A week later Equator kicked our offer out of the system
Read more…I have an problem.... I am workng on a VA compromise (short sale) sale. The home has 1st VA Mortgage with Chase and a home equity with sovereign. As I understand, VA wont do a compromise sale with a 2nd lien. I spoke with sovereign - they wont releas
Read more…I wanted to tell everyone that I signed up with this company. I was under the impression the leads were exclusive but received a phone call today from one of the leads asking that I and the other agents from HR3648 stop sending him marketing material
Read more…I was just wondering for all the heavy hitters out there. I am trying to gauge myself on how many short sales I should be closing monthly. I currently have a pipeline of around 50. Right now i am closing about 5 a month?
Read more…I have a divorcing client who doesnt beleive she signed the note for a home equity (just her future x did). She doesnt have a copy to refference (and neither does her hubby). Has anyone requested a copy of the Note from a lender? If so, who do I cont
Read more…Hey Superstars. Chase recently asked for another document for HAFA review for the seller...this document is entitled "Borrower Request for HAFA Consideration". I (thought) I had all of the HAFA docs-sent in the RMA, Dodd-Frank, Hardship Affidavit,
Read more…So a couple days ago, I put an offer on a house for 150k on a house that was listed for 165k. The next day we wanted to go through the house for another walk through and our realtor told us that the sellers did not want any walk throughs until after
Read more…Got an email asking me to watch a webinar tomorrow. Anyone know anything about it?
Read more…When it comes to HAFA, do I need to do something to see if my clients qualify or is it automatic? Last time BofA contacted me and asked if my sellers wanted to apply so the could get the cash. Don't want to deny anyone that opportunity. Thanks!
Read more…How can one find out if the BOFA negotiator actually asked the investor for the "the request of postponement"?
Read more…I have a short sale where Freddie is the investor and we were given the short sale affidavit. It's been fun trying to get it notarized by all parties, anyway, I read where some agents have been able to get this done at closing then submit it, even th
Read more…Apparently they buy notes and in this case seemed to have bought the note for the second from Faslo. They will not budge off a 10% pay out. Aurora has already allowed $5K but they want an additional $5700 and willing to let the property foreclose.
Read more…Does anyone have a point of contact at PNC Mortgage who can help stall the foreclosure auction? We have an approved short sale with second which is the deficiency. PNC Mortgage is first lien and will be paid in full, but they want to foreclose 1/9/20
Read more…I have found that many times the PMI companies have gotten in the way of the lenders making an agreement to complete the short sale. I have 4 right now with PNC where PNC was willing to complete but the PMI company insisted that the property was wor
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I completed a short sale in June. I'm expecting 1099s from two banks, WF and Chase. When do they send these out? Any way to get them early?
Thanks,
Jason
I have a closing that was delayed friday because of a Bank of America screw up. Buyer did everything they were suppose to do and were ready to close. Bank of America has made multiple mistakes and as result the buyers lock has expired. Is there an
Read more…I have a short sale approval on the 1st lien with BofA. I'm currently working on the 2nd lien approval with SLS. SLS doesn't want to lower their payoff amount. However, the seller is willing to contribute the difference ($5K) at closing. Here's t
Read more…Hi y'all. Wells problem. Negotiator, Trey Johnson out of Ft Mill, SC is demanding $122K on short sale when we have had it previously approved twice, at $107K & $110K. He will not call back even when we email him directly. File being worked via Equato
Read more…After being in escrow since July 25th, we negotiated with Chase and we have finally both agreed on a number. That number is 56k more than it was listed and only 30k less than Chase wanted for it. However, there is an outstanding HOA bill of $12,000 (
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