i have been working with ocwen on a short sale process for 2 month now i have a sale date coming up and i am still getting the same answer from them that it is still in review i heard about ron ferris the evp of ocwen that he is been helping agents b
Read more…To update you all, we got our letter of approval on our first!! This was a huge hurdle...now we just need approval on second lien with gmac approved. Anyone have experience dealing with them? Just want to prepare myself if this is going to be a diffi
Read more…Hi, I'm a realtor from Murrieta, CA. I need to stop a sale on a property scheduled for 10/21/11. Can't seem to get Saxon to send me the short sale package to submit my seller's package. Anyone has it? Please email to homesmoreno@gmail.com or fax at 9
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My husband and I put in an offer on a short sale that was accepted on July 28th. The couple is in a nasty divorce and have both moved out and stopped paying on the loan after they accepted our offer.
Here are the stats:
Wells Fargo is the primar
Read more…I'm at wits end. I'm about to lose a buyer. I have been working on a Chase ss since May and fought a nasty BPO and finally got a re-order. SECOND bpo was right in line with our offer -- dead ON to be exact for a 30 day value. Short sale got denie
Read more…I have been posting thru our short sale process, and actually was just told that the b of a negotiator stated we will have our approval letter within ten business days. I am in disbelief...does this mean the investor approved our short sale at the pr
Read more…I'm starting a short sale where PNC is the 2nd.
Sellers do no want to sign the Short Sale Deficiency Agreement (section B) on the PNC form.
Has anyone had success with any of the following:
1) having sellers simply not submit that page of the docum
Read more…I have been tracking PNC's behavior when in 2nd position on short sales and based on the postings and my experience they are awful to work with. I am trying to structure an appropriate offer. Here are the financial results of what I have found:
Working on FHA short Sale through Wells Fargo - NIGHTMARE - they had an appraisal completed by an appraiser not familiar with the area (not member of local MLS, unfamiliar with localities, taxes, etc...) who valued property (Wells calls it Fair Marke
Read more…Hi guys. Does anybody have some good escalation contacts for Flagstar? This bank really sucks!!
Read more…What are your opinions/experience with banks allowing relatives to list a short Waldo.
Read more…I have gotten a different answer for this question. I have a past client who needs to sell as a SS. I believe she has hardship and have already spoken with two attorney's who handle SS's. The question comes in the actual 'listing'. Right now she
Read more…I am always interested in hearing the feedback (positive and negative) about the new "programs" the lenders are offering to homeowners.
The email most of us in Florida received yesterday regarding the "Florida Enhanced Short Sale Relocation Assistanc
Read more…Can anyone recommend an online fax service that can handle multi-page uploaded packages ? We've got a high speed digital fax at the brokerage but half the time it is "down" and I really don't go in the office much.
I have a MyFax account but it ca
Read more…If your client (Seller) receives an offer from B of A stating that he/she has been "approved" for a HAFA Short Sale, you should pray that AMS is not negotiating for B of A. We are now 10 months into the transaction, I have provided every single docu
Read more…Ocwen to Buy Saxon for $59.3 MillionMorgan Stanley has announced the sale of Saxon Mortgage Services to Ocwen Financial Corporation. Ocwen has agreed to acquire Saxon for the base purchase price of $59.3 million. The deal also includes an estimated |
I posted a few weeks ago asking how long it took to get gmac approval on seocnd lien. I thought we would have approval by now. Our negotiator got our approval letter 18 days ago. On Thursday he sent out a arms length and name affidavit form for us to
Read more…I have situation where BOA initially agreed to give a 3000 dollars to the second lien holder. This was the amount countered back by BOA through equator. So I accept it and simultaneously agreed to the second lien holder to pay 5000 with seller payin
Read more…I had clients that purchased a home with me in September of 2008. That was when the Government had a $7500 interest free loan with a 15 year repayment that they were calling a "Grant". My clients are in construction and have been in and out of work
Read more…OK, so I have a client that received a notice of auction date over 1 year ago. She moved out of the home before the sale date. 6 months later she gets a notice from the HOA. Long story short is B of A never foreclosed. I listed the property for sa
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