Hey gang. I'm trying to write an article for my blog. I am looking for local newspaper links where banks SUED a homeowner after foreclosure.
If you have a local newspaper in your state that has written any such article or have any stories relate
Read more…While discussing and obtaining the Short Sale documentation from my sellers I found out their father is loaning them $170,000 (promissory note) for a start up business. Clients accountant advised them to deposit the funds in their personal account an
Read more…OMG>.I am so sick of this...everytime in the past month that I initiate a ss in Equator it gets declined because Non Arms Length -the short sale transaction is no longer being reviewed because the buyer and seller are related....the relationship is b
Read more…Had a client inform me today that they are at least 2 months behind in payments for a house they are not living in. She stated Cenlar has taken over her VA loan and are trying to help her out with a loan modification. Will they do this on a home they
Read more…We have recently experienced situations in which the Listing Broker states the following in the MLS, "Reduction of commission by lender to be split 50/50 between the selling and listing brokers". In these cases the Listing Broker is typically enter
Read more…I have a client who would like to shortsale is mobilehome. The mobile is in a Park, with a first of $45,000. The servicer is Greentree. Has anyone done this before? It would be my first mobile home shortsale.
Read more…Can any share with me the documentation they are using for upfront fees for short sale transactions? Fee range?
I appreciate your help,
Kimberly Sherrod
Read more…On July the 12th, I received this message from Bank of America:
"As an example of our commitment to improving the short sale process, Bank of America
now allows real estate agents to submit a backup offer on a transaction if the original buyer
has
Read more…I have a homeowner living in the home. The first qualifies for HAFA with BB&T. The second is with Wells Fargo, and what is causing confusion, is that the second is a combination of a business loan, with a LLC name, and personal, and equity secured
Read more…Has anyone done a short sale with BBVA Compass? If so, would you relay your experience here.
Read more…when a homeowner gets foreclosed before they are able to sale their home? Will the lender send them a check for the difference after they sale the property? I know an individual with 100k in equity but they can't make their 200k mortgage payment.
Read more…So we've heard both arguments about sending the short sale package in for approval prior to having an offer or waiting until you have an offer to submit...What is your experience out there? How is everyone else doing it?
Read more…Florida Association of Realtors Bulletin today says Attorney General Pam Bondi will not require MARS compliance with Florida real estate agents.
Here is a quote from the article:
"....Florida Realtors immediately contacted Florida Attorney General
Read more…
Anyone know SPECIFICALLY what a:
"Signed Name Affidavit"
is? We are doing a GMAC second lien short sale on Equator and being asked for this item.
Negotiator (and her supervisor) are missing in action, the higher ups seem to have no clue w
Read more…New post on my blog: www.seattleshortsaleblog.com
I have read through the comments on Short sale superstars and compiled a post on my blog. I would love your opinion on this matter. Please feel free to comment on my blog. Thanks
*Email received from
Read more…Hello all, I have an approval from Citi on a short sale. Citi is the servicer and FNMA is the investor. There is a second lien in the form of an equity line of credit with USAA. Citi/FNMA have agreed to give USAA $6,000 to release the lien. USAA want
Read more…I need a good contact for Freddie Mac. Was informed this morning by BOA that Freddie Mac will no longer postpone f/c without an approval on the short sale. I have a f/c set for 7/26/11 and I need a really good contact with Freddie Mac that I can es
Read more…Lot of my files are getting declined with the message, "After an internal quality review, the bank has made a decision not to move forward with the short sale". Does anyone have the same experience with BofA? The files were declined without the conse
Read more…Good morning all!
This is my first time on the site but I have reviewed posts on here before. I am the office manager for a small real estate office in Indian Rocks Beach Florida and I need some assistance.
We just submitted a short sale package
Read more…Ok, here's the situation. Buyer offered $75,000. PHH mortgage countered at $80,000 after two BPO's were done (one at 80K and the other at 82,5K) and Buyer accepted. The file was sent to Fannie for review and they are now countering at 90K! What o
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