Las Vegas and Pahrump agent needed for two short sale listings. Please email me at nolimit@lavabit.com for details. Must be investor friendly and understand A-B, B-C transactions - Broker's preferred.
Greentree is the 2nd and has advised my client that if they do not keep current or no more than 30 days late they will not approve the short sale. My client isn't really in a spot to cover the $1500 payment every month and is in a true hardship... Ha
Read more…Working on a short sale that is 5 months in default. Has accepted contract and in the process of negotiating. Homeowner received notice from Homeowner's Insurance Company his insurnace on the home has been cancelled.
Are there short term policie
Read more…I have a beautiful approval from Provident Funding from October, requiring NO note and NO deficiency. Approval expired in November and we're still awaiting answer from 2nd. Since then, my seller has experienced a documented cut in pay A
Read more…The FTC MARS Ruling (16 CFR Part 322) as issued December 1, 2010 has far reaching implications. As I did not see a prior discussion over this ruling (if I missed it, I apologize), I thought I should post it. This is from an exert from another Law Fi
Read more…Hello Everyone,
Has anyone worked with this Lender before that can share some insight. I have a commercial client that has advised me of the following. He was late two months, he went to make the payments, and was advised that the loan had been s
Read more…I've been hollering about this for the last several weeks; the total failure of NAR to defend, notify and assist it's membership with the FTC MARS RULE. As such, I am posting NAR's letter to the FTC requesting exemption for Realtors from the Rule an
Read more…This new ruling (16 CFR Part 322) came in under the regulatory framework of the FTC and very people or organizations seem to be aware of it. Please read the ruling. Footnote 126 directly refers to the NAR requesting an exemption for Realtors and th
Read more…I have a B of A Short sale and negotiator going thoeugh equator will not budge over seller contibuiton. I live in Az a non recoarse state and seller is declairing bankrupcy and was advised by his lawyer do no take it. I got buyer to come up in pric
Read more…So I just had another BPO agent that just showed up at the property without notice or contacting us first.. So I had an idea and I wanted some feedback and if anyone had any better ideas.
I am thinking of including a document with the short sale pack
Read more…I got the short sale approved within 2 months.. I really didn't think it would be that quick but now my seller doesn't want to move. The bank has given us one month and she feels thats too much of a short notice. Now, All I could do is wait it out.
Read more…One of the nation's largest banks is sending $2 million in checks to military families after it overcharged them for their mortgages.
JPMorgan Chase admitted overcharging about 4,000 military families, including many military members who were on Read more…
I have a short sale with Charles Schwabe. We submitted 2 offers on 12/14/10. Seller had signed off on one. They told us about 1.5-2 weeks later that the foreclosure date was scheduled for 1/12/11. They were trying to approve the postponement. We h
Read more…I thought this was interesting. Can't imagine how many laws might be broken with incentives like BMW's and Coach Purses. Marketing ideas aren't bad however.
Anyone heard of these guys or similar types of groups that want to 'take over' your Short S
Read more…Has anyone ever heard of a bank accepting situational hardship in lieu of financial? I have sellers who are getting divorced and while their income is sufficient to cover the mortgage their living situation has changed and the family home must be sol
Read more…I currently have a short sale in which the buyer's appraisal accidently got ordered and completed. The appraisal came in much lower ($30K) than what the bank counter back with and about $15K above what the Buyers are willing to pay.
The question I
Read more…Everything went well including obtaining a contract (within 30 days).
It was about 2 weeks into mid-December when I found out that Mr. Seller filed for bankruptcy. He has a Dont Ask, Dont Tell attitude. It is something he violated because the terms
Read more…I have asked several people but cant get a definitive answer. Maybe someone here can help?
If your client goes delinquent on their mortgage and insurance, is the lender covered if something were to happen to the property, I guess I mean does the le
Read more…I'm in a most bizarre situation - made an offer on a property in October, and after the Sellers signed, they informed us it was a short sale! Long story short, we decided to stick with it (crappy time of year to find another place). We were given r
Read more…I know someone that is facing foreclosure and they are with Midland Bank. Their spouse lost their job back in 2008 which is when they began having issues keeping up with the mortgage payments. They have been trying to work out a loan modification s
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