I have an agent who is short selling his sisters house...The CitiMortgage Arms Length -when you read it seems no one can be related but CitiMortgage person told me that it was okay if agent and seller were brother/sister...that main concern was buyer
Read more…I don't see this Lender on this site..missing it? Are they the same as US Bank?
Read more…I have been negotiating short sales for more than 4 years and this is the first time I have gotten a flat out denial from a 2nd. The lawyer that is helping us with this too has never seen this happen. We have the approval from WF and they are allowin
Read more…Ok, I really need advise as the buyer here.
Entered into contract in April for a short sale and (long story short) the leinholders BOA 1st and 2nd agreed on the price and sale. We are FHA and the original closing date was July 29th but our appraisal
Read more…I have been working a short sale with BofA through Equator. I am the listing agent. Last week, the buyer that we have been working with for about 3 months or more walked away. I have a better back up offer. I have received an email from BOFA/Equa
Read more…Does anyone know if the Borrower/Seller can elect not to receive the $3,000 incentive to contribute either to buyer closing costs or just to effectively increase the net and lower the sale price?
Thanks!
Read more…Here we go again, Fannie Mae loses 5.1 Billion in the second quarter. They are asking tax payers for 2.8 Billion more.
I wonder how much of this loss is from short sales being denied and foreclosure proceedings taking place.
Read more…Hi All, I have a seller who is 11 months behind in payments and Wells Fargo told him on the phone the foreclosure process has started, but no letters etc have been sent to him yet. He wants me to take his listing, but apparently the bamk also told h
Read more…It seems like more and more we run into the business practice of "Please allow 48 hours for a response to your email" or "We return all phone calls within 2 business days"
Here is another that I just got today
Please note I will respond to all email
Read more…I have a short sale, only 1 mortgage w/ Banco Popular that it turned out to be negotiated by PHH (Cartus). The negotiatior asked me to change the closing date in the HUD to August 19th. She would have to send to MI company and investor for approval.
Read more…I've heard this in the past, and I'm facing my first possible short sale in which the 2nd TD is in the hands of a collection agency. Should I not waste my time looking into this, or are all collections as different as all banks? The bank is HSBC, the
Read more…I may be way off base here (please correct me if so) but, I'm wondering if these actions are actually ramifications of the screw ups as a result of the lost/destroyed notes and files shown in the 60 Minutes special. Also, knowing how lenders have sc
Read more…Does anyone know of any options for a seller when the second mortgager PNC refuses to particpate in HAFA? Has anyone seen the first mortgages allow the seconds through a regular short sale receive 30K when the first is being shorted by over 200K?
T
Read more…Curious as to what members pay as referral fees when short sale client is referred to you. I have paid as much as 25% but am thinking of reducing either to a lower percentage or a flat fee.
Deb Orth
Read more…Hi -- Apologies for my first post being a request for help, but I'm getting nowhere with my agent or attorney, and hope some of you might have some advice. In short, I'm trying to understand how a decision that's just been made -- about 60 days afte
Read more…How do you short sale superstars deal w/ bill collectors, not your bill collectors, but your short sale client's bill collectors. They know that the house is pending on a short sale, they said "Your name and contact number is on the short sale infor
Read more…I am current on my mortgage. I applied for a short sale with Wells Fargo and was approved late July. I am being told from one person at WF that since I have the approval that no more regualr monthly mortgage payments should be made by me. That WF
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This is one thing that really bug me about people. Have the common courtesy to keep your potential buyer informed, they are an integral part of the equation. Is this so hard to do? Is this too much to ask when you're asking a buyer to commit to
Read more…Has anyone heard of a trial period with BOA? My clients have been advised by BOA to pay over 3 months, 3 payments which are not applied to their loan and then BOA will decide if they will modify the sellers loan.
Read more…Hi Everyone,
Newbee here.
client has account in loan modification department and a filed foreclosure with no imminent date to foreclose. Called Wells Fargo and they said they can go ahead with foreclosure when client removes herself from loan modific
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