Assuming there are no other players involved (MI, investors, etc.), the real questions are:
I understand some realtors might be charging a buyers purchase premium as the short sale fee, instead of a % of the commission. Please provide any feeback about the process and is this a good business idea?
Read more…My client just "suffered" through the FHA-allowed Marketing Period at a list price that was well above the true market value. It was no surprise that no offers came in. Then, due to a 2nd lien, the client was disqualified for the Deed-in-Lieu of Fo
Read more…I have run into this with PNC while back and was able to work it and get it to close but I just got off the phone with US Bank and I'm fighting a directive (they say) from Freddie that is an agreement between them and their files. The directive stat
Read more…Has anyone had one? Was it successful? How are they on setting the price?
Read more…Just closed a Selene finance short sale.
We had an approval a year ago but one of the sellers refused to sign at closing due to a divorce issue. The buyer and seller (the cooperative one) decided to rent the property to the buyer until we got the is
Read more…Does anyone have experience with Statebridge? Am trying to connect with them to initiate a short sale. No response to my email and answering machine at the phone number unless you have someone's extension number. Anyone got ideas?
Read more…Anyone know of some short sale help at Wells Fargo/ASC that can extend a short sale letter on a file that I am being told cannot extend beyond 8/4/11 due to the ASC files having to close within 90 days of approval? A lot of the time was spent at th
Read more…I am trying to decide between SFR (endorsed by NAR) or CDPE which seems to be favored by BofA. Which one do you have and why?
Read more…New email in Equator from our seller's agent with subject line that says "Generic Negotiator Email Inquiry" says this:
Thank you for your recent inquiry July 6, 2011 and for countering the offer. Please be advised that the file is currently in Valuat
Read more…Does anyone have a phone number for a supervisor at Franklin Credit? I am desperately trying to save a short sale I'm working on and Franklin WILL NOT connect to upper management.
Thanks!!
Read more…My clients are attemping a short sale and they have a HELOC with WESCOM, they have not made a payment in appx 4mos. No NOD filed. WESCOM is threatining to charge off if they don't get a payment made asap. My clients do not have the money to pay them
Read more…I just got short sale approved through Wells w/ BoA as a second.
Was pretty happy with results and got written approval in 60 days.
You would think this would be good news and maybe even a little attaboy pat on the back.
Well the fat lady isn't sin
Read more…Question about CA Hazard Disclosure Reports....
Does anyone know about Chase limiting the amount they will pay for NHD / TAX & EHD reports to $79.95 total ? Are they also forcing the agent to absorb the difference??
The question is regarding both
Read more…I put both loan numbers on the third party authorization, and listed $3,000 for the second on the HUD. BPO done, currently in "Offer Analysis" status in Equator.
Will BofA issue both approval letters or do I need to specifically request an approva
Read more…I need some advice. I have buyers who want to move into a short sale before the closing date. The short sale property is with Bank of AMerica and set up a closing date of August 24th. The buyers want to move in sooner because the wife is 8 months
Read more…I was to negotiate a short sale whereas Compass, the only lienholder, rudely shot down the offer (signed contract) to particpate in a short sale. They wanted $150K more than the current offer. The listing agent is exerienced and there is no way tha
Read more…I have approval from the first lienholder and now the second wants a prom note. The approval letter from the first doesn't say one is not allowed so should I tell them about it or doesn't it matter?
Read more…Here is situation:
Seller owes $65k on rental property. This is in the inner city where values have dropped astronomically(compared to rest of Indianapolis). Home is now worth about $10k-$15kish. I listed last fall. I know I am not going to mak
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