Will BOA allow a Buyer to finance closing costs by adding $5,000 to the approved sale price?
Please let me know if anyone has been able to do this.
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Short Sale Discussions (4366)
1% Negotiation Fee to the Lender?
I am currently in the middle of negotiating a short sale on a owner occupied non HAFA short sale. The 1st lien holder was originally Bank Of America which was initiated through equator and pre selected for the HAFA short sale program. After a few wee
Read more…Dignified Transition Solutions
Has anyone dealt with them under the BOA Cooperative SS program?
I have a client who was contacted by them and he said he does nothing without his attorney's approval. They then went around him (and I) and contacted the listing agent directly with
Read more…Disputing Bad BPO
I am the realtor and in Georgia the realtor cannot netgotiate short sales only provide information.
In this case they have used recent sales that support the Bank's value but these sales are not
at all comparable. All of the current listings are for
Read more…Popular Bank
Has anyone had any experiences with Popular? They have the 2nd on a short sale I am doing for a client. 1st is approved by Chase and we have been sending everything to Popular all along the way. They dont have anyone in the "short sale dept" that you
Read more…BOA short sale-cash offer declined
I am the buyers agent...LP was $224,332...Cash offer: $190,000...2 days after makng offer buyers and I go by property- field services is drivng out - with copper pipes!! Water drippng in basement from pipes ripped out. LA comes back with: Change offe
Read more…OCWEN/JMac Contacts? Ready to close!!
I've had transactions fall apart for lame things, but this is the lamest!
Ready for docs, and JMac (the lender my client's mortgage broker chose) tells us
they need a short sale approval letter stating the purchase price, not the pay off
amount. They s
Buyer's agent asking to speak to negotiator
I've had this happen before and my sellers have never been willing to give third party authorization to another agent but I'm curious about you all feel about it. Buyer is anxious and putting tons of pressure on her agent. I don't want to give the
Read more…Short sale third lien with high counter
Hi we are buyer of a short sale with three liens. We got lenders response back from first and third lien holders. Third lien came back with high non negotiable amount. Based on the value of the home, if the home forecloses, third lien will not get an
Read more…Advice Needed - Has Anyone Dealt with 21st Mortgage?
Okay, my client and I are at our wit's ends...
She purchased a modular home in the boom (worth 1/2 as much as her loan is on it). Tax records show it's Real Property, not a mobile home, not a manufactured home - so it qualifies as being able to be sh
Read more…Email Address for Firs Bank
Does anyone have a good email address for people at First Bank?
I have a short sale with Chase on the first loan and First Bank on the second. The second has had no payments for about 8 months so an attorney service is negotiating for First Bank. The
Read more…Do I need wife's financials?
I have a homeowner who would like to do a short sale on his home. The home is only in his name and so is the loan. He got married and move to a new home with his wife. He tried to rent out his previous home but tenants come and go so the rental incom
Read more…Ever complete BPO's for Equity Pointe
I just got a few bpo requests from Equity Pointe? Anyone have any luck with them? Do they pay on time? Thanks in advanced for your time.
Read more…Chase/Freddie Mac - Fraud? NEED advice
The last two files I've had with Chase I had to jump through SERIOUS hoops. So I really need some advice on this one. I escalated with Chase last week. I had this file approved in Sept. Buyer walked, got it back on market, resent in new buyer in
Read more…Seterus Short Sale in Illinois
Unfortunately, I'm closing on my house as a short sale next week. The following is part of the short sale agreement from Seterus:
"Upon completion of all requirements by borrower(s), Seterus, Inc. will execute a release and a discharge of the deed o
Read more…FHA guidelines??
Will FHA guidelines allow seller to pay for termite (if so how much)? Or does the borrower have to pay with the incentive??
Read more…Wells Fargo and FHA Loans
I just initiated a short sale with Wells Fargo by first faxing my third party authorization and then by uploading the authorization on Equator once I received the task. This is an FHA loan and the notation on Equator stated that it was checking "FHA
Read more…Chase High Counter Offer
We made an offer of $365,000 on a great condo in California which was accepted by the seller. We've been waiting since July 25th for Chase to either accept or counter. Well, last night, Chase came back with counter of $435,000! WAY far from the comps
Read more…GMAC - Credit for Taxes Paid in Arrears Denied
First, this may not apply for all, but in Cook County (where Chicago is located), taxes are paid in arrears. For example, the first installment (of two installments) of taxes for 2011 will be sent out in March, 2012. So, homeowners are always paying
Read more…HAFA approved but not approved???
In September my client received the HAFA approval letter that set forth the conditions of her "approved" HAFA sale which included a $3000 relocation assistance. We submitted a full price offer and added $3000 to the top for seller concession. A week
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