I have a HAFA approved short sale that has probably been sitting on someone's desk for over a month. I finally found out that after not getting any response from the negotiator that as of this week BOA is no longer working with the department that ha
Read more…We are trying to purchase a SW florida short sale home that is through BOA and owned by Fannie Mae. They listed the home low but we offered fair market value and the sellers accepted. We are wondering what we can maybe expect based on others experi
Read more…Has anyone had an experience with the new company that Citi has hired named National Quick Sales? What a joke!!! Cutting commissions and telling me that my client does not qualify for HAFA when she definitely meets the eligibility requirements!!!!
Read more…Is anyone using Top Producer to manage their short sale and other real related business? I want to make the leap but I have been hearing some mix reviews from different individuals. Any information would be greatly appreciated.
Read more…This is my first file with Ascension Capital Group. They are asking for $12K on a $80 HELOC.... the seller has included them in a BK and Chase is the investor on the loan. I have been working this for 9 weeks, and have gotten Litton, the first to o
Read more…I had a client Saturday that I was showing some homes too and while screening the homes and calling for appointments I was shocked to see three Realtors who had shut down all showing instructions and had voice mails stating there would be no showings
Read more…My client is renting a condo at a negative amount so each month he has to put in extra money to cover the mortgage. He was hoping for the market to come back so he could sell in a year or two. Now he lost his job and is moving from NJ to Minnesota f
Read more…I have a closing on 5/27/11. The original HUD did not include a buyer agent's credit to their client in the amount of $5000.
Does anyone believe that this could be an issue upon final HUD review by Bank of America or the investor which is Freddie
Read more…Has anyone here had success with writing complaint letters to these entities?
Read more…The HUD-1 had to be revised to match the updates. Once again we cannot ge a response from the new negotiator approving the new HUD-1. Is there something we are not getting to get a new approval letter? Or is it as simple as approving the previous H
Read more…Does anybody know if B of A will pay a commission to a buyer/r.e. agent when the short sale property is for her own personal use?
Read more…I went to a Short Sales & Tax Implications seminar presented by a real estate attorney and was advised that in the state of FL waiving the deficiency judgment does not preclude a bank from attempting to
recover balance owed. Unless the approval specif
(DON'T KILL THE MESSENGER....)
From the FTC MARS Rule to the SAFE ACT, who can actually negotiate short sales anymore? According to the Arizona Department of Financial Institutions, a Realtor CANNOT NEGOTIATE a short sale without being licensed AN
Read more…Does anyone know of a "master list" type website that one can enter an association name and it will provide who their management company is and contact info for ordering estoppels? I am in Florida, and I know about Sunbiz, however, I'm thinking there
Read more…I represent the buyer on this short sale and the agent lost the home to the trust deed sale. She is telling me to wait a couple of weeks because she wrote a "Letter of Rescission" as a last effort to save the home from foreclosure and have our offer
Read more…Just a little background first. We put an offer on a short sale Dec 2010, the lender (BOA) counteroffered us on April 5th for 10k higher and we accepted that day. We did not get the "final/written approval" until June 3rd. Needless to say we've been
Read more…what are your thoughts on Seller's asking to not include the furniture ( I realize this is more common in Beach towns where condo's are often sold furnished) so they can sell "outside of contract"?
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Does Indymac pay out commission to an agent representing himself as the buyer on a Indymac short sale?
I'm purchasing a home, which is an Indymac short sale, and I'm also the agent. Will I get paid the 3% offered by the listing agent?
Read more…Hi,
My mortgage broker is trying to get my 80/20 loan refinanced with a short payoff. He is using HAFA so I am assuming he's trying to make it look like a short sale.
I have 80/20 loan. 1st = 380,000 2nd=96,500. Condo purchased for 483k, now valued
Read more…I am having difficulty getting Chase to recognize the existence of a 2nd lien (and HELOC) on two different properties. This is the second time in less than a month where the lack of acknowledgement of Chase accounts is preventing us from getting or
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