Does anyone have a good contact in Loss Mitigation at EMC? Our negotiator is refusing to extend an approval letter beyond the 30 days (today is the deadline) it was good for. We ran into a few unforseen events with repairs and a really bad underwrite
Read more…Hello Superstars - Does anyone have experience with Schools First Credit Union in Orange County with regards to processing short sales? They are formally called OCTFCU.
Any knowledge or advice would be appreciated!!
Can someone explain Titanium Solutions? Are they a 3rd party negotiator or are they just giving leads to Realtors in their area then taking part of the commission? What's the scoop? Is anyone getting listings as a titanium solutions consultant? If so
Read more…Hi all,
On a FHA listing under contract, FHA appraisal came back lower, I am a seller's agent---so I don't plan on sharing this information (as we know all appraisers will have their own value and they aren't usually the same).
I plan on waiting to
Read more…If you have been asked to reduce your commission by AHMSI or you thought your client was HAFA, or you received some sort of writings regarding HAFA - then later they said the client didn't qualify at the time of negotiations, if you couldn't get anyt
Read more…Hello All,
I could use your sage advice. I have 2 files with B of A they are both going through HAFA. Both files have been with HAFA since January, the file is complete, the appraisal is in...and we still don't have approval.
Is there anyway to
Read more…I got a call from my client- she was sent a letter from Chase telling her that she can short sell, get 30,000 incentive, no deficiency plus 6% commissions to agents. She was told to find a realtor and list her property which we did. She had tried to
Read more…I have approvals from both lenders. We are set to schedule on Friday, May 13, pending approval of the short sale HUDs for (ASC) & (AHMSI). The property went into tax sale on yesterday, despite our efforts to close prior to the tax sale. And I've at
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Is it true they respond quickly? Getting ready to list a home and Wachovia is the Bank not sure if sent over to Wells at this point? One loan only with Wachovia.
What would be the first thing to do with this one?
Thanks from Pismo Beach, CA.
Read more…I would appreciate advise.
Family's mortgage is current and not upside down but loss of job is forcing them to try to renegotiate loan with PNC to avoid loosing their home. They are up to date on all payments including home insurance and property t
Read more…Anyone have a number to a "Specialist" in order to assign a Negotiator for a Fannie Mae Backed loan at BofA, I have a Freddie Mac guy, but not a Fannie Mae one....
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I just received an offer to purchase on a property financed by Ocwen. I know they negotiate from India.
any insight would be greatly appreciated.
Allan
Read more…I put an offer in on a short sale. Their lender is Chase bank. The offer was submitted to the bank Friday. On Monday the bank ordered an appriasal? Is this faster than normal? What stage is this of the process?
Read more…What is the matter with Chase. My seller is on unemployment and her husband is on social security disability. I am thinking this is a no brainer as far as income verification goes. Disability letter & unemployment letter. Then why would Chase INSIS
Read more…We are in WA state and made a $1,000,000.00 offer on a home on Feb. 22, 2011 that has a $2.4mil loan. Our agent is not very experienced with short sales and has only done 1 short sale. Seller's agent is also not that experienced so I come to all of y
Read more…I have a BOA short sale that's nearly done, however my loss mit negotiator says the banks negotiator is being tottally unreasonable.They had the BPO done, and fortunatly for us, sent a copy of the BPO to my negotiator. We immediatlly rewrote the cont
Read more…Hi,
My friend is trying to pay her late mortgage with Chase. She doesn't want to short sell her home. I am trying to get a good number for her to call so she can send her check into the bank. She ran into some financial trouble with her sick mom that
Read more…An investor making an offer on a Fannie Mae property, the listing agent has requested that a 13 or so page addendum be filled out by the buyer/investor to come with the offer before presenting it, is this correct? and since he is an investor, Fannie
Read more…When BPO is done, is the "fair market value" based on similar homes with the sq. footage, lot size, bedrooms/baths, amenities, etc? Does the location of the house (ie in a golf country club) make the FMV go up or will comp for the short sale be base
Read more…My offer was forwarded to the bank and I was told that there are a few leans on the home and there is a first and a second on it.
I am wondering what type of price the bank will come back with and when they do, how much flexibility there generally
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