We (the sellers) were approved for HAFA by Chase with no issues, but we were declined by Regions Bank. Would not accept the 6% of 7800.00 HELOC. We are going to go the traditional short sale route. My quesiton is do we have to start from scratch? Cha
Read more…Has anyone heard of this company? They offer to buy your house regardless of Equity, condition, etc. What's the catch?
Read more…Our Assigned negotiator finally provided what she says is an approval, she swears it is actually, but we are not able to close on it as it appears to be an application. No required Net for recon or specific good thru date, nothing. (I wont complain a
Read more…Barring Congressional action, Federal Housing Administration (FHA) loan limits will revert
back to loan limits determined under the Housing and Economic Recovery Act (HERA) for loans
insured by FHA on or after October 1, 2011. As a result, FHA loan l
Read more…Here is a new one:
First things first just so everyone knows GMAC does not automatically review sellers for HAFA qualification like other lenders. So that being said we recieved a counter stating the seller needed to pay 4k and the file would be appr
Read more…WE AS AN AGENTS NEGOTIATING THE SHORT SALE HAVE TO REQUEST A HAFA PACKAGE OR IS THE LENDER WHO MAKES THE DECISION IN WHOM QUALIFY FOR HAFA, SENDING THE SELLER A PACKAGE?
Read more…My company has a doctor who currently makes about $250K per year. He and his father purchased a beach condominium as investment property. The father is not on the mortgage. Both his condo loan and his home loan are with BOA. Can we establish hard
Read more…Wondering if anyone has been dealing with mortgage lenders requesting that whoever signed the short sale approval provide proof that they have authorization to sign an approval??
They are saying they wont fund a loan without it and to be on the looko
Read more…I need to express my gratitude to SSS and also ask for prayers, encouragement, etc. I have been working with OCWEN for 2 months on a file. I was getting nowhere except "ss denied" responses until I started dialing all of the numbers posted by SSS age
Read more…PMI requested a Note but Seller could not oblige. Buyer still wants the property, but does not have cash for the Sale. Is there a way to snag the property before the Sale?
Read more…We have just received an offer on this property. I'm the agent for the seller the redemption period is up Nov 19th. It it still possible?
Thank you-
Read more…A little long so I'll set up in bullet points:
http://realestate.msn.com/more-short-sales-bring-new-scam-flopping
More assumptions without facts in this article. Looks like the buyers agent that lost out has some sour grapes. Would be nice to hear both sides of the story.
No mention of whethe
Read more…Help!! I have a 1st with Carrington Mortgage that was approved but has expired due to the extended time it took the 2nd (Ascension Capital Group) to get an approval. The 1st had agreed to a net amount and stated as long as their net wasn’t effected
Read more…What's everyones thoughts. Chase HAFA short sale, ARASS letter filled out and completed, prelim HUD sent in and used for our approval letter.
Contract has seller concession 3%. Prelim and ARASS all show net reflective of 3% towards closing. I get the
Read more…I made a quick search to see about this question. What if a buyer wants to do a wrap on a short sale. Is that possible?
thank you
Read more…Okay so after a great response and much appreciated opinions on my last post "Are WE now the problem" I am just arriving to the office after a phone call that prompted me to add this discussion. I might get burned on this one as well but hey, this i
Read more…Since this transaction is being hadled through Equator I don't seem to have the luxory to speak to any one. So if any of my associates out there has a name and number I would be soooo greatful
Lisa Swaim
Remax Alliance
Read more…Hi Everyone,
I'm looking at my first SS with a bankruptcy involved. I was told by a very experienced short sale agent that the bankruptcy had to be finalized before the short sale could be done. However, my client's bankruptcy attorney did not give h
Read more…Hi all,
I put in an offer on a short sale, Wachovia 1st, Suntrust 2nd, on June 21st. Wachovia came back in 2 weeks - it has been out at Suntrust for 7 weeks. The seller's realtor's latest update was "Was told that they have reviewed the BPO and t
Read more…
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