Hi We are buyer and received the number from our lender but the sellers attorney is asking for about 9% in fee in addition to lenders amount. Is this normal? My understanding was that lender amount will include all of these cose
Read more…Wondering if anyone has worked with the lender Old Republic? If so, any contact information you have would be great.
I have been negotiating a short sale with REDC/BofA on the 1st and what I thought was the second of CITI. Turns out after 5 conversa
Read more…Hello All, any advise would be very appreciated!
After long 8 months (I'm the buyer) I finally was provided an approved letter from bofa on the short sale property which had two loans on it. Among other things, it had a 45 days condition to close
Read more…We have an approved short sale and my buyer can't continue. What is the best way to submit a new contract with a new buyer? Wells Fargo, two mortgages. Please help.
Read more…I am concerned about getting approved for my short sale b/c my mortgage was current. I qualify according to all of the other guidelines except the mortgage being current for HAFA guidelines - I'm not even sure if that is the program they are trying t
Read more…Hello Superstars,
HAP denied a client's application due to his PCS orders were outside the September 20, 2010 window. What can be done to salvage this, if anything? Any assistance would be greatly appreciated.
Thanks in advance.
Read more…Anyone have any quick tips on IndyMac? Going on 90 days since they have had the file, they have the 1st and the 2nd. They seem to keep losing things and requesting items we have sent them in the past. Just need to figure out how to get their attentio
Read more…I am on my 4th offer! The first BPO has expired. They've done another rushed BPO and the investor has come back with 'We are going with the first BPO not this one." The first one was completed in August & extremely high. Even if I get the buyer to
Read more…I'm struggling a little and feel like I'm going to be on the verge of fraud if I'm not careful. I have a first and second on a short sale. The first is a Fannie Mae loan and we've gotten approval.
The second lienholder is a private individual with so
Read more…This is a story of WOE. My neighbor is a State Trooper. He was hit by a BK roofing truck. The state of Fl paid him for ONE day of missed work. He was out for 2 months. With 2 children and a stay at home wife, they used up their savings and maxed
Read more…I have a serious problem with Bullet Point #2 (Reads: "Listing Broker/Agent Agreement: It is the listing broker/agent’s fiduciary responsibility to present the highest and best offer to the servicer.") in the wells Fargo required HAFA Addendum (see a
Read more…I have a potential client who would like to do a short sale, but a co-signer who has never put any money into the home does not want to sign anything. Anyone have any experience removing someone involuntary from a loan?
Read more…We resubmitted our CASH offer-owners have opted out of HAFA. NOW where do we go to get this file escalated and CLOSED!- last negotiator disappeared and file got "clocked out". We're back in Equator...
NEW ADVICE PLEASE!
Read more…My deal has been approved by the PMI company pending a 5k prom note. It has now been sent to Fannie for investor approval. Is MI approval an indicator of investor approval? I'm under the impression that it is more difficult to get approval from the M
Read more…I think I heard the DUMBEST thing come from a bank negotiator yesterday. I submitted a listing agreement that was electronically signed with DotLoop. Negotiator rejected it saying that she needed "wet signatures". I decided to question it.
Me "Wh
Read more…I have a new listing for a short sale. Couple has divorced, wife has already remarried. Should I continue to use her previous married name on documentation, listing agreement etc? The lender is still showing previous married name.
Read more…I am hoping to hear any feedback from anyone dealing with POPA in either a short sale or bankruptcy. I have a seller that just contacted me to do her short sale and explained she is in Active bankruptcy with POPA. I would love to know what I am up fo
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To make a long story short: I am buying a short sale home. The house was selling for $359,900, I made an offer for 330,000. The bank countered by $5,000. I accepted the counter. After waiting over a month, the bank accepted the offer and said th
Read more…Hello, I am currently working several short sales and learning something new each and every day. On a HAFA sale, buyers submitted a lower offer than the bank approved amount. (The bank approved amount is "high" and we were actively trying to get it r
Read more…I am adding to the HUD as a lien /assessment to be paid at close. Anyone have experience with this? Wells Fargo has the loan, no second. Have just entered into Equator for set up..so not too far into the file yet...
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