I have a family friend that needs to do a short sale in North Platte Nebraska. I looked on the map and don't see any agents listed. If anybody has a contact there it would be much appreciated. The seller contacted an agent there and she told him th
Read more…Would love to meet the superstars that are going to Mega Camp next month?
Roll Call!
I arrive 5:30 PM on Monday
Read more…Do some here feel that it's legal? Unethical? Or, just a downright bad decision? I'd be interested to hear how lenders feel about this.
I know that there are hardships, transfers and variences granted, but does this fit into those categories?
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Remember these two basic realities...
1. Return on direct mail is less than 1.5% So, if you mail out 100 pieces you generally receive ONE RESPONSE almost not worth the effort...
2. 70% of all homeowners that have been foreclosed. Never reached ou
Read more…Hey guys! Help me! My client just got a call saying her Homeowner Foreclosure Alternative has been approved after punching in a message code and said they are sending the package to her in a few days. Is this a short sale approval package? I thought
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Is this an M and T rule or is it a HUD rule , just got contract with 4% seller concession USDA financing but M and T is saying no concession allowed with USDA and only 1% if its FHA financing
Read more…We got an approval letter that includes a $20000 seller concession. If the seller takes it what are the tax ramifications? They are using the money to pay down the second mortgage.
Read more…I found SSAA online that offers a couple of different packages that include a Short Sale website and NOD leads and various other useful information. Just wanted to check if anyone had any experience with this company? Thanks.
Read more…I am a Realtor in California and am stuck between a 1st and 2nd lienholder. 2nd wants 10-12% of their unpaid balance. 1st says that because it (the 1st) is a FNMAE loan (NOT HAFA), per the FNMAE investor guidelines, the most the 2nd can receive is 6%
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I just took a property off the market after receiving an offer , the offer is a low ball but what the heck , I felt at least it will get the ball rolling to submit package to bank since they did not want anything without an offer.
One week later I
Read more…I have a client that has a current loan with Lender Business Process Service (now called SETERUS). I was reading on the web some comments about this lender and they are not real positive. I would like to know if anyone has worked with them and if s
Read more…Has anyone had a lender pay for the CO?
Read more…Here's a new one! My client received a letter yesterday that said: "The Henrico County Department of Public Utilities has been notified of a pending foreclosure for the property. . .The sale of the property is set for September 16, 2011. . . As a r
Read more…I have a client who was not on behind their payments when we first tried to initiate "short sale" in March of this year and Wells Fargo stated that because the homeowner is current with payments "we will not discuss options" so homeowner quit paying.
Read more…I have a question. Have addressed it to several with no response so thought I would address here. Received ATP on this deal, turned in requested docs to receive the approval. Havent heard a word form anyone since doing so. I have emailed the closing
Read more…Anyone have a seller "hold on to your offer because they think it's too high to get a loan"? They won't accept or decline.
If you think you are getting the run around with an offer, is there any recourse for a house listed as a short sale in lieu
Read more…Afternoon Superstars. In May I started a discussion http://shortsalesuperstars.com/forum/topics/the-short-sale-black-list The Short Sale Balck List and was informed by an insider that there was indeed a list. So I was just reading this article http:/
Read more…I have a home set for f/c on 9/13/11. We initiated the ss in Equator on 8/26/11..shortly thereafter the negotiator took a leave of absence and is not returning till after the scheduled f/c date...another person or individuals were suppose to be moni
Read more…Okay, A fellow Realtor friend has a investor seller who refused to close on Friday because the approval letter said he would get a 1099. He said he would let the property foreclose unless the bank agrees to not 1099 him. She is now seeking this from
Read more…Hi guys... I'm working on a SS with Central Mortgage . They disallowed contribution for buyer's closing costs, attorney's fees, reduced real estate agents commission to 5%, and will only allow $3000 for the second lien (This is not a HAFA). Any sug
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