I have been trying for 3 years to get Chase (Chase is the first lien holder and only mortgage co) to do a loan mod. I went through the 3 month trial period and never was offered a permanent loan mod. January 2011, I was notified that my servicer is
Read more…This is a Chase short sale and the mortgage company has come back with a demand for a $17k interest free note from my sellers.
Does anyone have a solution for this, or is my short sale dead? The sellers have no room in their budget for a note like
Read more…I need some advice, and I will greatly appreciate any assistance provided.
I've been in contract to buy a home for about 5 months, and I have done everything on my end to buy the house, including paying for the seller's appraisal, my appraisal, and
Read more…I am semi new to this, but does everyone submit there seconds at the same time as their firsts, or do they wait to see what the 1st is going to accept, then submit.
Read more…We have submitted an offer and are currently in negotiations with US Bank as 1st and 2nd lien holders. The property is located in Kansas. Contract was submitted for $157K, the Bank's original counter was at $170K, and the buyer's certified appraisal
Read more…What's your take on this?
Owner of a property is having to short sale his house. He's insisting that he is taking his generator (not portable) and Rinnai tankless water heater which are both affixed to the house.
Q: The owner disclosed that the two
Read more…Just need your comments on this matter.
I applied last June 2010 for my listing but counter-offer won't pay for HOA and legal liens (Around $9,000) because the property is located on "Super-state" California. BofA suggested apply for regular short-
Read more…Has anyone worked a short sale with Vanderbilt? I am about to take a listing and I have been reading horror stories online. Please give me some hope ! Thanks....
Read more…I may have a listing coming up with TD Bank as the second. Has anyone worked with them? Is there a standard package for them? If anyone has any insight, I'd appreciate it.
Read more…Property is in AZ. Key bank has a second and will not approve the ss. The owner has send in 4 budgets with supporting details and they keep on asking for more docs. They told them they want actual bills for their expenses including entertainment, fue
Read more…Has anyone encountered the PNC SS Deficiency Agreement? On this deal PNC is the 2nd, and this is what the agreement states:
If your creditor agrees to enter into a short sale, the mortgage or deed of trust securing my account will be released upo
Nationstar Mortgage just notified me that a loan has been denied for a Fannie Mae HAFA Short Sale because the borrower is not eligible for HAMP. The reason is that the borrower participated in a six month "unemployment modification loan program."
Read more…There's a 1st (Chase) and a 2nd (Key Bank) on the property. The sellers filed Chapter 11 (reorganization). Per court order, the seller's plan was confirmed. Chase filed for relief from stay and it was granted so they chose to move forward with forecl
Read more…I represent the buyer in a short sale. The first and second belong to BofA. The listing agent is using lawyers to process the short sales. She just called me and told me that the lawyers told her that they cannot accept the documentations for the sho
Read more…I have been working on a BofA HAFA Short Sale for the last 10 months. BofA (as many of you are probably aware) outsources their HAFA Short Sales to AMS. They have mishandled the file from the very start. We got a HAFA approval letter w/ a required
Read more…I have a GMAC approved HAFA agreement, But they will not pay buyer's closing costs. Closing cost were added to approved price, netting the bank want they need. Any advise would be appreciated.
Read more…I just met with a client that has a 75% loss of income. He needs to sell and is still making his payments on time. He owes $137k on the first and has a HELOC for $157k. The house is worth $200k so the first would not be a short sale, it would be the
Read more…I know there are more details to a short sale consideration however, I'm in a situation where the seller was not delinquent at the start of the short sale request process and wanted to sign a promissary note on the 2nd which is also with the same len
Read more…I think by now, most people are familiar with this CA Senate Bill 458,
SB 458, Corbett. Mortgage Deficiency Judgements
"Existing law prohibits a de
secured by a
not more than 4 units in any case in which the trustor or mortgagor
sells the dwelling f
Read more…
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