BPO
Been under contract about 75 days and got word B of A ordered BPO last week. What wait time have others typically experienced recently in SW FL area after this point with B of A?
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Short Sale Discussions (4366)
I GOT A SS LISTING W/BOFA AS LIEN HOLDER WHEN I CALLED SS DEPT LOAN WAS TRANSFERED TO REDCO.
I just got a Short Sale Listing with Lien Holder Bank of America. The Sale date is July 15, 2011. When I tried to upload the 3rd Party Authorization onto Equator. The sytem kept on Reading this Loan is already in the system, then I called BoFA Short
Read more…Compass Bank Short Sale
Does anyone know Compass Bank's policy on Short Sales, and if they release the remaining deficiency once sold?
Read more…Should I consider moving on to another house, or dig deeper?
First of all, it's been just over 4 months since we've gone under contract with the seller. I suspected the seller's co-agent was playing a negotiating game from the start when she indicated to me that they were in the process of lowering the price
Read more…Safe Home Lending
I received a call this morning from Safe Home Lending looking for a short sale agent. They claim to have a customer in my area who needs to sell short. I asked if they expected a referral fee and the person calling said no. Has anyone heard of Safe H
Read more…Central Mortgage Loan Servicing
Has anyone had experience dealing with Central Mortgage Loan Servicing on a short sale?
Read more…What percentage of value is the tradtional cut off for counters
I believe its pretty commonly known (or assumed) that many lenders will accept no less than 86% of "value" (net) on their negotiated ss. At least I have heard that from several negotiators and other ss agents. My question is: Does anyone know where
Read more…Getting MI info from a lender
I'm looking for a demand letter or some verbiage that I can use to request some information from BOA. Does anyone have anything or any success stories in getting MI info from a lender?
-MI Company name
-MI Company contact information
-Contact infor
Read more…Short Sale and Divorce
Hi folks,
I have a divorced couple interested in selling their house. He still lives in the house, she is out of state. The loan (no seconds) is with Chase.
They are both on title and on the loan.
He would like to stay in the house if possible. The
Read more…Good news for California short sales
Here is the legal notice we just received -
LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED
In a major victory for REALTORS®, Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale f
Read more…Foreclosures
I invested in a Real Estate commercial property loaning 1.5 million on a secured note leaving me as a third. I have not been paid in over a year and neither has the 1st or the 2nd. What are the chances of me being able to foreclose or me being able
Read more…BANK OF AMERICA - AMS HAFFA RASS SHORT SALES
After over 70+ phone calls to get to the end I am still getting the run around after the short sale has been approved and all I need is my Formal Approval letter. I will be working on my Memoirs of Bank of America/AMS and what you should know before
Read more…Listing Terms for Short Sales
I'd like to know what you all are doing in terms of listing dates/expirations for Short Sales. On a traditional sale, I would tpyically do a 6 month term, but on my Short Sales I'm pushing for 1-year. Most sellers understand that the processing and
Read more…GreenTree 2nd - Wells Fargo First
Contact numbers for Greentree:
Loss Mitigation/Short Sale 877-816-9125 Ext: 32115
The Negotiator sent the approval letter but it was due to expire. They had to another BPO and that took about 10 days due to July 4th holiday. It was more tha
Read more…Deficiency Judgments
I understand per HUD guidelines there will not be a deficiency judgment...I have read through all the paper work for the FHA approval and can not find that stated in writing. Also my client had an equity line of credit 5 years ago and is concern abou
Read more…Buyer was approved and ready to fund at $666,500. Now the buyer wants to offer $600,000!!!!
BofA shortsale, approved at 666,000. Right before funding the buyer wants to renegotiate fo $600,000. She paid for an appraisal report and it came in at $608,000. What are the chances of this going through?
Read more…Why Are Lenders Bidding Less Than Mtg Amt Owed At Sheriff Sale?
Is anybody else seeeing this in other places besides Minnesota? What is the logic behind this? Does it have to do with mortgage insurance covering the difference? Curious minds want to know.
Read more…BOA SS ?
Have been under contract 75 days and are awaiting the file to be marked as complete so that it will move on. Bank has had all docs for awhile but just asked for updated stmt from the sellers that they sent quickly. Would like to get others experien
Read more…Certified Home Rescue Expert
Anyone know anything about this designation. I live under a rock and have never heard of it?
Read more…I salute and truly congratulate all clients that have understand ShortSale is the way to go.
I pray to God to illuminate their lives and guide them through this process. Sometimes in life, there are huge bumps that makes not to listen, not to understand, not to trust, not to follow guidance. But in this whole mess, there are people who do
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