Hi All,
I have a short sale listing in Minnesota and the bank that I am working with (Selene Finance) and they have hired Meridian Asset Services to help negotiate the offer when one comes in. I find out that either Selene or Meridian hired another
Read more…So..I know that everyone's been fighting hard to get B of A to allow us to substitute our back up Buyers without having to close and re-open and re-submit ALL the darned documents. It's here! We can now substitute if we have a back up buyer and our
Read more…Got a call from a homeowner who can no longer afford her mortgage payments, and her history is this ...
Earlier this year, she called her lender, US Bank, asking for a loan mod. US Bank reportedly told her to skip 3 payments and then apply for an FHA
I keep seeing BAC on different post etc. Who or what are they. What does BAC stand for?
Read more…Has anyone dealt with Liberty Bank in Ohio or Sarasota Florida? If so, would you share your experience about their process here. Thank you!
Read more…I've had a lot of success with google adwords pushing people to my website...but I always want more :)
What is the best ways people on this site have generated short sale leads quickly and easily?
Thanks!
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Has anyone worked a short sale with Coldwell Banker Mortgage and what documents do they need?
Thank you.
Read more…So it seems to be a growing trend now that a buyers lender is demanding to see the lenders full blown short sale approval letter, not just the cover page with all the terms. In the past i have always taken the approval letter and removed the SS# and
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Q: I have situation where the Husband and Wife signed a note. They are going thru a Short Sale and the second is with RBC. The Decree of Divorce states Husband is 100% liable for the note. Will RBC release Wife from deficiency under this circumst
Read more…I am currently selling a house as a short sale with B of A as the servicer and BONY as the investor. just found out my house has a 1.1 ppm meth level. Our state allowed limit is 1.0 (yes that sucks). My negotiator at B of A keeps telling me the inves
Read more…All docs have submitted to WF...cash buyer ready to close...and WF has fallen silent...any suggestions?
Read more…I am always amazed at some of the MLS verbage that I see..... here is the latest.
Any acceptable Contract must contain the term that Seller may cancel this Contract at any such time that he is asked to sign a Promissory Note, is presented with a 109
Read more…Everything submitted, good offer and hardship package. BPO has been ordered but isn't back yet. Sale date is July 20. Postponement department won't push it back due to the delinquincy of 12+ months, and due to it being a new file so close to the s
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I need some heads up advice. Since my agent (buyer) doesn’t handle many short sale transactions, I’m trying to make sure I don’t get caught in the headlights. My question is, is it industry standard or customary for a buyer’s agent to request wri
Read more…Hi everyone
Can someone tell me if any of the banks are taking names and contact numbers for CDPE's to put on their list to give our contact info to their borrowers if they need to sell their home as a short sale? Any information would be great.
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Quoted from Florida Realtors News:
"WASHINGTON – July 15, 2011 – In a move the National Association of Realtors® calls “a substantial victory for Realtors,” the Federal Trade Commission (FTC) announced that it will not enforce most of the provisions
Read more…For the first time in 7 years I have Wells Fargo coming after one of my Sellers for the full amount. This is in GA and around 100k.
Anyone have any thoughts and has experienced this.
Read more…Why on earth would a lender order a "retro appraisal" for 2006 values? This lender kept countering back at $40K more than the fair offer we have. We kept asking if they had more land included in their value. After wasting a few weeks, they finally
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I have heard about this alot recently, and now find a lot of posts on this with Chase and potential other lenders. I personally have not done one yet.
Perhaps, everyone can re-post or comment under this heading so the posts dont get lost under othe
Read more…I was wondering if any of you are using 3rd party negotiators for your listings? What are your typical fees being paid. Are you letting go of some percentage of your apples? Or is a buyer paying for some apples?
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