I don't know if anyone else caught this segment of 60 Minutes on Sunday. I thought it was an interesting snapshot of a crisis. All viewpoints and comments welcomed.
http://www.cbsnews.com/video/watch/?id=7392090n
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Does the seller need to be late for FHA to approve a short sale?
Read more…Just closed a Bank of America short sale.
Buyer signed with Docusign and seller signed with Dotloop electronic signatures. Hopefully this is a sign of things to come at Bank of America!
Anyone else getting electronic signatures accepted or did I get
Read more…Does anyone have a suggestion for a good website to find someone's phone number, without having to pay a fee? Thanks for the info!
Read more…I have a client that filled for bankrupcy and it was discharged 21 months ago. Their house was included in the bankrupcy (upon advise from their lawyer) eventhough they were able to keep paying it. They indeed kept the payments, never late. Now they
Read more…I know this is only loosely related to Short Sales, but I thought I would throw it out there. I have heard that there are cases that HUD will allow for a variance on the requirement of lending on an FHA loan that 3 years needs to pass after a Forecl
Read more…Once a home is foreclosed what happens to the renter? In this case, the renter has been trying to purchase the home via short sale, but time is going to run out(it has taken 4 months so far) and the home owner is 10 months late. After the foreclosure
Read more…Does anyone have any experience with deficiency laws in SC? I have a client who did a short sale in 6-10 that has a approval letter releasing him from 1st mtg but 2nd mtg left the 9700 open (it was originally 65k) & he was recently served in Georgia
Read more…Hi There,
I have a referral for someone who can list a Zephyrhills condo. Doesn't look like much value in the condo itself; but our team will be handling the short sale orchestration so you won't have to worry about that portion of the work. Email
Read more…I am a buyer of a short sale. So far the whole process is moving quicker than I thought. We filled out our initial offer November 6 and accepted the banks counter offer on December 13. Since I am the buyer I only get updates when the sellers agent ge
Read more…I am having the worst luck with BOA even making it past step one. BOA has had all of the homeowners requested docs and financials since Nov 28, 2011. I have had multiple conversations with the customer care people who keep telling me it will be assi
Read more…I am looking to review the Arm's Length Affadavit from HSBC. It is impossible to get through to them to obtain one -- anyone closed with them that would have a copy of theirs in your file? Would be super helpful!
Thanks!
Read more…I have a BofA short sale with a very large IRS lien. In their counter they have "Other Lien(s) Release Amount" and "Cash Contribution to 1st Lien." What is the difference. There is only one other lien and it's the IRS one. Please help me understand t
Read more…Curious how much time you spend working a short sale once you get an accepted offer?
How much time:
I'm working a short sale with SunTrust, and they have asked for the seller to complete the Fannie Mae form 710, Uniform Borrower Assistance form. I don't recall sellers having to complete this for a VA short sale.
Read more…i have just been having the worst time i have ever had in my 28 yr career i cannot type fast enough to tell you how bad bank of america is. if you really want to know
give me a call. i currently have two listing with boa as the lender this has been h
Read more…I have a FHA short sale and the only thing holding up getting an ATP from Wells Fargo is a lien release or letter from attorney that they will release the lien at closing once lien is paid. The buyer has agreed to pay the lien at COE and of course, i
Read more…Hello,
I am currently working on a couple SS's
On one deal, the buyers loan requires 45 days to close. The lender only gave us 30 days or the deal is off. I called several times to the negotiator to extend that date and no call back. what can I do at
My seller has just been told she is ineligible for short sale by a BOA negotiator. Are there any options before I tell the buyer and pull my sign out of the ground?
Read more…Does anyone has an escalation contact I can call?
The first loan (Seterus) issued an approval letter allowing $6K to Chase. Chase wants $15XXX.00 to settle. The owner filed BK and has already been charged off so if the home goes to foreclosure, Chse
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