Hello to all,
I completed a short sale on 6/30. I was never late and it had minimal affect on my credit score. Today my score is 763.
I applied to buy a home with Wells Fargo and my loan broker is very nervous about the report on my credit which
Read more…This is a Suntrust short sale non gse, where I am representing both buyer and seller.
Buyer is a cash buyer and now that lender has reduced my commission to only 3%, I was thinking in the right way of getting my remaing 3%... This may sound sill
Read more…It will be 2 weeks since the negotiator forwarded the offer to the investor on a 2nd lien...and still no response! The 1st which was also with Morgan Stanley has responded. Now the negotiator will not answer calls or email. I called Morgan Stanley
Read more…hi,
I just had an agent whose listing I want to show tell me that if my buyer is NOT an investor the seller won't accept our offer if my buyer writes. The sellers only want an investor so that they can rent back! I KNOW this can't happen, no lender al
I am currently trying to get a borrower into the HUD Preforeclosure Program like I almost always do. I have gotten numerous borrowers into this great short sale program at Bank of America. However, this time around, the file has been held up for ov
Read more…I had a short sale scheduled to close on 8/20. BofA insisted on a Discharge which we didn't get until the 8/18. I immediately up loaded it and got a message back that we were cleared to close. I had requested an extension of time on 8/16 because I di
Read more…There seems to be a trend now of requiring the buyer to enter into a contract to pay for the short sale negotiation, but not only that to also make sure the selling agent gets less commission when the lender reduces the amount. I have seen listing ag
Read more…Been going back and forth with the negotiator. He keeps telling me, "you will have the approval either today or tomorrow"....he keeps telling me this every day...finally I get this today from him. What do you think this means?
"Hello, well at this
Read more…I am doing my first short sale of an investment property. Are they going to have to pay the IRS on the 1099c income - I found my State information but I can't find the Federal - the second is going to have the deficiency - please help and thank you.
Read more…We just lost a home to f/c today at 1:00 due to BOA telling the investor there was no offer. The investor declined the f/c postponement, due to no offer. The funny thing is, there was an offer, and it had been uploaded in Equator and the task compl
Read more…Hello All,
My Seller has a critically ill son. She had to move out of her California home and relocate to the East Coast to take care of her son. Viable offer on the table for the last 4 months. Buyer wants to move to close. MI came back and said
Read more…First loan, B of A , second Green Tree.
I uploaded an offer 2 weeks ago. I am well aware that B of A will flag this offer for HAFA, (which they did). I called Green Tree to make sure they participate w/ HAFA, which they don't. So I called B of A and
Read more…I am attending an upcoming mastermind session at Keller Williams Mega Camp next month.
As some of you know, a group of us formed a short sale mastermind group at Keller Williams Masterminds last year. We met with 3 of the largest lenders and the lar
Read more…We have submitted CMA's and letter from buyer that offer is "highest and best" this investor is going to see from anyone! Yet - BOA Equator counter offer keeps coming back at a ridiculous rate..Can not get the BOA negotiator to call me back..Where d
Read more…Lender is bank of america the client owes $257,000 appraisal came in at $304,149 showing equity in the house. This is with HAFA qualification.
There is no way this house is going to sell for this price. Taking into consideration the market here an
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I just got an approval on a BAC/Freddie Mac short sale in 20 days from the time I initiated the offer on Equator. It was a new offer on a listing that I just took.
I wish they all went this smoothly :)
Hope I didn't just jinx myself
Read more…I had a question about the process and hope someone can help...
I made an offer on a B of A shortsale-approved property at the end of May. The seller's agent indicated that this will be a short process, perhaps 6 weeks weeks for re-approval. It'
Read more…Hello everyone, this is my first time posting here and I have really enjoyed the wealth of information shared.
I have a seller who has been approved for an FHA Short Sale, we got a buyer and negotiated contract which has been approved by BOFA on the
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Here is my question: Has anybody heard of a lender (HELOC) granting a principal reduction or modification without doing a short sale? I have a client who would like to stay in her home, and can handle the first mortgage, but not both. She is in def
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