I have a Rock Solid referral for a SS Superstar that works the Asheville, NC market.
Seller has been denied for a Loan Modifcation and is already in discussions with the Short Sale Department. Needs local Broker to List the property and expose to mark
Does anyone have any suggestions or especially inspiring stories (to give me HOPE) of getting a sale postponed (2nd time, however 1st time was automatic, we did not ask for it)
Long story short, we got approval May 10th, supposed to close by May 2
Read more…I need help. I have been given a list price that is way too high for the neighborhood. I can't get the assigned negotiator to return my calls or emails to discuss. This is a BofA Haffa short sale with approval letter. I can!t get an offer to submit a
Read more…I have an approval letter with no language addressing deficiency or right to pursue or not. This is in California - a non-deficiency state.
The only thing the letter says is "This letter will serve as acceptance of a short payoff involving the follo
Read more…Hello:
Wells Fargo has agreed to pay $4500.00 to the 2nd lien holder. The second has indicated that they will pay that PLUS they want 10k cash or sign a 20K note. Terms of the note would be five years at zero interest...my clients have NO money t
Read more…Hello everyone. I am new to doing short sales and am pursuing this niche for my business. I would truly appreciate some of your experience and insight. I moved to the Central Coast of California last year and am finding it very hard to get my norm
Read more…I have been so fixated on residential property, I have never given this much thought. But, is it possible to do a short sale on commerical property?
There is an old house built in 1892 and completely restored/remodeled that had been rezoned at some t
Read more…Hi,
We have an offer in with Litton that was countered so the buyers came up $20k. They need to close if possible by June 30th but the negotiator is not returning our emails or calling us back. Does anyone know numbers of a supervisor so we can get
Read more…I have had a file with US bank now for 11 weeks. They have said in order to get a negotiator regular wait times are 6 weeks - we have been waiting for twice that long! I have escalated 3 they have touched the BPO in the 11 weeks! Any advice to get s
Read more…We will be expecting our FHA appraiser to look at the short sale home we are in contract to purchase. What can we expect them to be the most strict on? We need to have the appraisal as high as possible but the house hasnt been occupied for over a y
Read more…A few weeks ago there was a news report that Fannie and Freddie's regulators had told them to get procedures in place so that by third quarter they were in position to either go for foreclosure or decide to allow a short sale on any given property.
Read more…Now that I have your attention and now that I am done rolling on the floor laughing, check out this article about treating debt collectors with respect :) I love the "salt of the earth" Comment
http://www.msnbc.msn.com/id/43380245
Read more…I have been doing short sale for sometime now, but this is a first where the bank is getting more money back then the net proceeds. I know that anything over the net must also go to the first. I have a short sale where the 1st trust payoff is $125,0
Read more…I have short sale approval from Aurora (1st) which clearly states what SLS (2nd - servicer) can receive. SLS is requiring a payment in order to issue a short sale approval letter matching the amount that Aurora has allowed. SLS isn't willing to bud
Read more…Hey guys. I'm looking for investor guidelines for USDA Ginnie Mae short. Specifically how much is allowed to go to the 2nd. Got anything?
Read more…I just had GMAC tell me that their investor will not pay more than 3% if I have both sides of the sale. I've had commissions cut before but this is ridiculous! Any ideas?
Read more…who is responsible for updating ewm website? if property status changed from for sale to pending sale, does that mean the property is about to be sold? It would certainly seem that way.
Read more…I just got an approval letter from Chase that states..."We have agreed to your request for a short sale and will accept a minimum of .... to settle your account and release the lien(s) on the property above." There is no other language in the letter
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