Thye have told me my borrower has to try HAMP first and then HAFA, but clients does not want to try HAMP, he wants to go straight with HAFA.
Any answers would be appreciated.
Read more…
The PMI co. is Genworth. The rep in the SS department I spoke with says the MI co is not requiring a cash contribution or any promissory note. I can't shake the feeling this is TOO GOOD TO BE TRUE. The approval letter says they are releasing the l
Read more…Help. I have a BOA account that is Fannie Mae. Bank of America screwed around with our HAFA request on two offers and now Fannie Mae will not allow a postponement for the short sale. The seller has been 100% proactive and cooperative, the fault fo
Read more…What are you all seeing as the best way for a 3rd party negotiator to get paid?
Read more…Have you received any short sale leads from Partnerfirst Short Sale Referral Program?
Read more…Oh PLEASE - all you superstars. Do any of you know the name of someone at Harris Bank? My friend has a HELOC, her first BofA mortgage is about $245,000, and the HELOC is $180,000. She is current on the first, but not on the HELOC. She seriously w
Read more…Has anyone been told by US Bank that their policy is to deny short sales for investor owned property in Florida? If yes, what did you do, who did you contact and were you able to obtain approval after the denial?
Read more…Hello All - I've just started using Docusign, and I think I like it. Has anyone experienced problems with short sale lenders accepting Docusign contracts, etc? If so - which lenders have issues? Thank you.
Wendy
Read more…Does anyone know how long it takes for bank of america to issue a 1099 after a sale closes? Also which 1099 falls under forgiveness act on federal income tax? Thanks
Read more…I was able to acheive an extension through Freddie Mac directly after the investor denied it. Since then my file has been with a "processor" who has not worked the file up until now and the investor has denied anymore extensions. This processor has h
Read more…Has anyone had any luck with a direct mail or door knock campaign using a short sale mailing list?
What is your conversion on the list? What service are you using?
Thanks for your insight.
Lev
Read more…I've run into liens that were on a property AFTER the mortgage was taken out so we could negotiate a discounted payoff. The attorney I'm working with found a lien on the property placed literally 3.5 weeks BEFORE the current mortgage (through AHMSI)
Read more…Was wondering if anyone knew if the purchaser of a property can actually negotiate the Short Sale with the bank? Its for a NJ Property?
Thanks!
Read more…What does it mean when an appraisal has been done for our offer on the Short sale we want to buy? What is the difference between the appraisal and a BPO in the sale? What if our offer is not accepted due to the appraisal? Is this the time the bank
Read more…Dear Short Sale helpers,
My husband and I put a bid in on a short sale house last August. We have been waiting almost 9 months for Flagstar Bank to accept our offer.... Yesterday, our Realtor called the bank and was told that our file was closed be
Read more…Hello All. I have a short sale(Illinois) and TCF is the junior lien and is offering to approve if the Seller agrees to $5100 plus applying for financing as a 3rd lien on the Seller's home in Michigan. Anyone experience similar or have any advise on
Read more…I'm about to close a short sale and I asked my CPA to calculate my tax liability. He thinks I'm going to owe quite a bit of $.
My question is if he is doing it correctly. I bought the property in Oct. 2006 for $390k. I added a pool in June 2007
Read more…Curious to hear everyones thoughts on the blog post
How To Keep A Buyer A Party To A Short Sale Transaction Without A Signed P&S Contract
I have done my fair share of short sales and have always had a ratified contract in order to proceed with the
Read more…Hi SuperStars!
I've been going round and round with both Equator and B of A for over a week since one of my files got labeled "Unavailable" for no apparent reason on April 7. We are in the review stage, past the appraisal. I've been told about 12 dif
Read more…Hi, Has anyone run into any issues either getting an approval, or getting a commission paid as a buyer's agent representing themselves as principal in the purchase of a short sale?
Read more…
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