I too, like many others, have just been informed by B of A that the second loan has been "service released" to Real Time. Of course this has occured at the end of the deal after we've been waiting 2 months for approval.
I contacted the number given
Read more…Are there any negatives regarding doing a 203(k) Mortgage on a Short Sale? I'm aware of a difference in the interest rate, but I was wondering if there is anything else - since it doesn't seem to be very popular.
Read more…Nationstar sent wrong paperwork to MI..claimed has no time to "follow up" on emails sent--so with a cash buyer and 5 days from estate sale--MI has incorrect paperwork and Nationstar rep says oh well..Shame on you
Read more…In my opinion, buyers will become "re-motivated" once we see the interest rates inching up, some buyers will find it harder to qualify. What do you think will be the outcome of the upward movement that is predicted historically low interest rates?
Read more…Finally Aurora Loan Service has approved us for the HAFA short sale. We are closing at the end of the month. I know they report the loan as paid for less than the balance. How bad is my credit score going be and for how long? I have a great FICO scor
Read more…Can all SS Pro share their experience Please
1. ask for AVP?
2. borrower contact investor?
3. submit qualified written request?
4.Write a complaint to lender heads?/ RESPA?/ FTC ?
please give us detail information and sample letters if possible
Read more…I seriously said NO MORE OCWEN after my last Ocwen short sale, or at least NOTHING with a sales date. Well, I got a packet all ready to go last week and the homeowner announced a sale date of 4/21. I sent the packet in and was told the file was com
Read more…I am representing the sellers in a short sale transaction. The MI is requesting that the sellers sign a $36,000 promissiory note. The sellers have declined. The negotiator at Indymac bank states that because the sellers are not willing to sign the no
Read more…With all the bad posts regarding US bank Helocs I am relucant to take on a short sale listing even though we will probably be able to net $60,000 towards a $180,000 US Bank heloc...Seller does not want to sign a defieciency note.
Has anyone been succ
Read more…My buyer filed for bankruptcy and was discharged in October 2010. His condo fees were included and discharged. I know that he is still responsible for payments after discharge. However, I have an approval on his short sale, we're ready to close th
Read more…I'm pretty sure I know the answer...here's to hoping for different answer!
Short Sale participation letter states: "If the loan is FHA insured the seller cannot pay the Buyer’s closing costs". Q1. That's my seller's loan, right? Not the buyer's. Buye
Read more…Hello Superstars, any California Agents have to deal with Sellers who had Cal HAFA loans with their mortgages? This is my first, not sure how to handle it, there is no information about the Cal HAFA part of the loan, only the 1st, the seller forgot
Read more…Heard there's a letter floating around this web site from a Seller to their MI Company threatening legal action for forcing them to bring funds to closing table. Seller's claiming discrimination. Anyone have this letter and are you willing to share
Read more…Greetings,
I contacted Key Bank for a short sale package yesterday and they insisted on mailing it to me (who uses mail for forms these days??).
Can anyone provide me a copy of a Key Bank package so I can begin to pull all the info together?
T
Read more…I have a 1st with Chase, Investor is Freddie Mac. Their BPO came in much higher than actual value is. It is a condo that has just recently lost its FHA approval and the property is in need of serious repair including water damage. I have sent in deta
Read more…Is this course worth $500? They claim to cut short sale time in half!
I have closed 25-30 short sales....but of those of you who have attended the clase - is it worth it? or is it just good advertising?
Read more…
First a little background before getting to my question: I have a home that has been listed since November (Illinois). We are now down to $149K on the property and still can't get an offer on it--floodplain and structure issues prevent people from mo
Read more…Can anyone assist with contact info for escalating a Chase 2nd?
Negotiator insists on a $25,000 payoff for lien release only. There is no way to provided these funds.
Your sugestions or contact info is very much appreciated. Paul
Read more…Has anyone experienced better service with IBM in the past few months? Apparently they dumped lots of money into the short sale arm of business.
Read more…What is the worse case scenerio? I am trying to do a short sale on a property, in California, that I have owned for years prior to my getting married. The home has always been in my name only, regarding the loan and the title and payments. My husband
Read more…
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