Our seller sold under the HAFA program. Moved into a second property that they owned and then had additinoal hardships that forced a sale of the property. When we submitted to B of A they stated he was eligible for the HAFA program. Does anyone kn
Read more…Can someone explain this to me?
I have a seller whose going through a short sell with EMC
EMC ordered a BPO and that value came in at 119
My client had an apprasial completed value 115k
EMC says they will not accept anything less than 218,000
Doe
Read more…Worked my ass on the first through Citi which went smooth. 2nd was C21 equity line which is a servicer. They would not move forward until I had approval letter from first. Sent them everything and second just denied the short sale for no reason.
Read more…Hi
I was wondering if there is a black and white answer to this question? Of course, the 2nd lender would like to receive their full payment from the borrower, however if the borrower were to make some amount of payment (less than the full payment)
Read more…So I thought our short sale was with investor but negotiator has been waiting for sellers agent to make changes to the HUD. Today is the last day for negotiator to receive these changes to be submitted to investor or file will close. First is with b
Read more…So here goes.long story short. Three years ago now I have stopped making payments after we found fraud and another member of our group file for bankruptcy on a 1M house that was done as an investment/second home property (we were going to use it for
Read more…I'm having major issues on a FHA/PFS - the negotiator will not move forward because the homeowner filed BK 7 and has been discharged per the legal department they cannot do it. I got HUD involved and per HUD as long as the BK attorney is cool with i
Read more…WE got verbal approval from negotiator after agreeing to raise the sales price $from $142,500 to $145,00. Since that time he has not responded to us which was 30 days ago. His VM(no email at chase) says he will contact us every 7-10 days so only leav
Read more…Does anyone know of any eaier route to move a short sale forward before a certificate of sale is issued? We need something in writing from the short sale lender stating that they will delay the certificate of sale from Bank of America. Second with
Read more…We are about two months into our short sale process. I believe the buyers agent set an unrealistic timeline and our buyers are getting anxious. Things have actually gone pretty quickly with the bank. Full package received in August and BPO was ordere
Read more…So I just had a short sale declined from Fannie through BOA because the homeowner is current and they do not see an imminent hardship to approve the short sale while current.
Not that it is typical on a short sale for the homeowner to be current th
Read more…WOW, more finger pointing and no one wanting to take responsibility for their actions...
http://money.msn.com/market-news/post.aspx?post=a7ae879b-f1f9-4856-b281-3f747fa8ee23
The suits will argue the banks, which assembled the mortgages and marketed
Read more…My client lost her job and is using her savings to pay her mortgage. I was informed that the Hafa Short Sale was denied because she was not 60 days or more late on her mortgage. Do you have to be late in order for a short sale to be considered? The r
Read more…I just spit coffee on my lap top when I read this...
Freddie Mac wants our help? Really? I thought that we were the problem and not the solution
Read more…I am a buyer trying to purchase a home, though the current seller did not file his California state taxes a few years back and as a result, the CA Franchise Tax Board says that until he files, the request for subordination is on hold. I find it hard
Read more…What's everyones thoughts on the recent MHA Servicer results through July 2011??
Read more…My husband and I recently made an offer to a seller of $315,000 on a house that was listed at a Short Sale price of $359,000. The sellers accepted our offer. It went to the bank for their approval/rejection. After about a month and a half, just last
Read more…Good Evening! I am an agent in Toledo Ohio and have a client who needs to do a short sale on a condo down there. Looking for an experienced agent to help or possibly someone who is a littler new to the game who'd allow me to consult for them to make
Read more…Has anyone dealt with Third Federal Savings and Loan and NOT had to pay this up front $305 appraisal fee. I have never had a file where any party has had to pay any fee up front. I am still pushing back on this and was curious what experiences you gu
Read more…I am a homeowner trying to sell my home. Fannie Mae is the investor and Chase is the servicer. After being on the market for a year, never missing a payment and over 100k decrease in price we have a potential buyer for our home.
May of this year we
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