In the day and age of email, twitter, Facebook, the mortgage crisis, and loss mitigation, one has to ask what does Abraham Lincoln have to do with it…
Money is tight in the real estate industry. Attorneys, lenders, mortgage officers, real estate brok
Read more…I have a file where I successfully obtained short sale approval. Now, the problem is with the buyer obtaining a mortgage. The condo association has more than 15% of their units behind in dues. Apparently, FHA guidelines have poured over into the c
Read more…Hi Everyone. Just joined the group. Has anyone signed up for the Equator ads, i.e. adding zipcodes to a market area? Is it worthwhile? Seems cheap...if it works.
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I would like to post the following question but I am new to this site so I am not sure which blog is the correct one to use. Please help! Thanks!
I am currently very near closing on a 3-loan short sale on my home in North Carolina. I have a buyer a
Read more…I am currently involved in completing a short sale with LBPS. They bought my mortgage from Chase about a year and a half ago. I'm scheduled to close on my condo next week, however I contacted a representative from LBPS a couple of weeks ago to ask ab
Read more…Hey guys. I need a some contact info for upper management to escalate a file that's been denied. Got any?
Read more…Hey everyone. So quick update so you know the situation. 1 loan with PNC. Submitted my package on 4/18 had full approval on 5/23. Not bad.
So buyers appraisal comes in 2k lower. We go back do a new hud and wait for new approval. Sellers call and say
Read more…I am the seller on a short sale in California. On the RPA the buyer asked for the Seller (bank) to pay for the closing costs such as, termite inspection, escrow title, HOA Doc fees. The Bank's approval agreed to pay most all of the costs involved but
Read more…I am starting a new file with Chase. I haven't worked with a Chase short sale in two years. There is a first and a 2nd lien with them. Does anyone know what the first with Chase will typically give to the second? Some banks max at $3000. Also what is
Read more…I am wondering if anyone can clarify the situation I have as the Realtor with an FHA shortsale with Chase, with a second mortgage (Educator's Credit Union), especially regarding deficiencies.
Chase holds a first mortgage, FHA, while ECU holds a sec
Read more…I have been trying to work PNC bank with my short sale for almost 1 yr now.. It has been very frustrating dealing with them. I have now lost 2 buyers, qualified for HAFA, which they will not accept nor will they give a sale date on my mortgage. I hav
Read more…I joined this company as a "HRC" with the intention of establishing myself with them in order to obtain some of their REO business. The problem is that they have no REO business! The "leads" are to contact homeowners on their behalf, most of whom h
Read more…None of the responses regarding UTLS are good. I'm concern about my short sale with them. Maybe I should change it over to co op short sale. It's disappointing since it's already approved.
Read more…Hi All,
I am planning to do a short sale on a rental property in state of CA. I bought this property in Sept 2005 and lived there for 3 years, then moved out to be closer to work. Since 2009, i have been renting this property at a loss - my rent is
Read more…Background: To make a long story short, Seller applied for and received HAFA approval for a short sale at a predetermined price - but did not share that information until AFTER we put her house on the market as a short sale (had not planned to go thr
Read more…Greetings, My question is this, I represent the buyer on a short sale. The seller got a conditonal approval as the subject and further into the body it states this is not an approval. I'm Just not sure what I shouild do . I start the inspections
Read more…Hello All:
Got Wells Fargo to approve the 1st and has conttributed 10% to the second lien holder.
I have a 2nd with a Federal Credit Union (golden 1). My sellers are willing to contribute cash to close the deal. I am negotiating the 10,000.00 t
Read more…Just signed up today and I do have a question....I have a client that is interested in conducting a "short sale" on his property...lender is Suntrust, and howmeowner did obtain a Loan Modification approximately 18 - 20 months ago and shaved around $8
Read more…Does anyone have a phone # for these guys???? I don't have alot of faith as have heard they are horrendous to deal with, but want to give it a shot of course. Any info would be appreciated. Thanks-
Read more…A rental property owner wants to sell his property by way of a short sale. What are the tax ramifications of doing so, considering a receipt of a 1099 form and/or does the IRS insolvency rule apply to a rental property owner/seller?
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