Just curious, I have a listing where an offer was presented and signed yesterday by the seller and returned back to buyer/ & buyers agent. Today, I get a call from seller that BOA has approved a deed in lieu on the property and the property needs to
Read more…Hearing through the RE Grape Vine, these are coming...we were sent a review from Citi in conjunction with Keller Williams that they were partnering on Short Sale/delinquent homeowners...heard also BofA is partnering with Re/Max....
What has everyon
Read more…I am the buyer, and have been negotiating with the seller and her husband on a property next to my parents in SW Orlando for almost a year. The seller is current on the mortgage with BOA and I accepted the counter offer from the negotiator. After r
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B of A approved short sale buyer agent hinting buyer may walk...I strongly believe they will (coe is 04/12)
I have an agent with a signed offer whose buyer is sincerely committed to the property. I would like to put the new buyer in first positi
Read more…Does anyone know of any issues with an IndyMac SS when the property is vacant (not rented)? The property has only a first with them. Thank you.
Read more…Hi everyone,
I've been lurking for awhile but finally had a question worth asking (in my humble opinion.)
Anyhow, my offer to purchase a short sale was just accepted. Both loans on the home are with Wells Fargo. This is the second time the condo has b
I was wondering if anybody has a recent experience with Chase on a 1st or 2nd mortgage(no HELOC), and he/she was shocked because after and only after got the approval letter noticed Chase would hold the seller liable for the deficiency balance. And C
Read more…I am expecting an offer on a short sale property this weekend. The property has a first with BOA and a second with Green Tree. Have been in contact with Green Tree people to let them know what is happening. Green Tree rep. told me today that since th
Read more…What are the thoughts of the members on this site in regards to 1099c and deficiency?
My CPA seems to believe that if the lender issues a 1099c, they can not pursue a deficiency, at least in Florida.
Anyone have an real world examples?
Read more…and asks if that is ok with me! I say no, that is not ok with me..and before much more is said, he says, that they are an investment group, and their atty, does the negotiating. Bad connection, could not hear much else..except something about it wo
Read more…Anyone have any good contacts or ideas for getting a PNC 2nd approved at a number that the first position lien holder will agree to?
Read more…There was a great discussion here last week regarding the lawyer out of New York who said the FBI was looking into fraud cases where the agent didn't present the highest offer (of course I still haven't seen the base of that article), but I agreed wi
Read more…I am doing an ASC 1st and HFC 2nd. We have the first hud to ASC with a payout of $13,000 which is 10% of the loan and the HUD to HFC with $8,000.
A collegue told me on the second HUD I should only send in what HFC will get and not allow them to se
Read more…I have a short sale that is going to Trustee Sale due to the lender (Chase) wanting more than the property is worth. It is a townhome and they do not care what the BPO states they want $25,000 more than the offer, only one offer came in. The buyer
Read more…I have a seller whose house is scheduled for foreclosure auction on April 19. We've had a ratified contract since the end of February. The appraisal, which was done last Friday, apparently hasn't made it to Bank of America. The loss negotiator says
Read more…They have lost our Letter of Authorization twice. We can't even present the current - almost full price offer because they are saying there is NO LoA on file. Does anyone know if they have a specific LoA that is being used and not lost?
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I have a Chase traditional short sale, not Hafa. 2nd is a PNC Heloc.Seller had green card taken away so she returned to Taiwan 2 years ago. Freddie Mac is the investor. Chase is only allowing $3000 to PNC. PNC countered for $15,000. PNC's Heloc is
Read more…I am Scott Huey. I currently have a fannie may loan serviced by NFCU. This is my home:
Read more…does anyone know if which pages of the seller taxes that the lender wants, do they want all pages (ie 65 pages on my buyer) ?
thanks for input,
debbie
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