I am handling a VHDA - Virginia Housing Development Authority- short sale. They tell me they only pay 5% brokerage fee, and NO purchaser's closing costs. In addition, all normal seller's closing costs over the brokerage fee plus $500 is the seller'
Read more…We've been working on getting a 2nd offer approved by IndyMac. The 2nd BPO was done December 1st. The IndyMac negotiator (Jennifer Bowman) is not responding to inquiries.
I just found out that the Loan was assigned to Deutsche Bank a couple of months
Read more…I have been working a short sale for several months and have been told that although we have an offer at an accepted price, the investor will not postpone the trustee sale because the account has been past due for too many months. Is there any avenu
Read more…I'm curious, has anyone in Short Sale Superstars had an experience with:
Is there nothing a buyer agent can do to check on the status of an Aurora Short Sale Offer? Listing agent says, "no word no word" but I want to follow up some how.
Read more…I am working on a short sale with Washington Federal and they are refusing to work with any 3rd parties. Has anyone worked with this Lender before??
Read more…Just listed a Chase bank short pay with 1st and heloc 2nd--he did take $$ out on 2nd for personal use.... The 3rd party auth. fax #'s listed in this site are different than Chase provide me? go figure. Anu help on this one?
Bryan.
Read more…Is any familiar with SB 931 in CA? I have a client with a 1st and 2nd loan with Chase (80/20) Purchase Money and never refinanced. Because both loans are purchase money, will my seller be protected from Chase persuing a D.J. on the 2nd purchase mon
Read more…I've searched the forum discussions and can't find what I'm looking for - sorry if this has been discussed in the past.
We are (trying) to buy a condo in San Diego - short sale. Loan is with BofA, (we are long time BofA customers, with a big credi
Read more…Hello Short Sale Superstars... Can you help with the right verbiage to protect me as Owner on the shortsale of my house? I want to make sure bank will not come after me on deficiency. Please review the verbiage below and let me know if I'm protecte
Read more…After going it alone for way too long, I have decided to build a short sale team. And what better place to ask for suggestions than right here! If any of you have insight as to the best practices of a successful ss team, please share with me. This is
Read more…I am currently short selling my unit with Suntrust. After 3 months waiting, the negotiator is ready to present my case to the investor and PMI. The negotiator is telling my realtor that they are recommending the investor to request "25K and a note fo
Read more…Looking for advice. In the purchase agreement it says "subject to 3rd party approval". The Lender OK's the sale but demands a promissory note for the deficiency. The Seller refuses to sell because they do not like the terms the Lender is demanding. T
Read more…If you are tired of appraisals coming in too high and BPOs blowing up your deals, you MUST meat the appraiser at the house with the following in your hand at minimum:
Does anyone have experience with this group? This happens to be a Chase HELOC that I have been working on for 14 months, BOAC has the first. The file started in Chase Short Sale and at 6 months went to Chase collections, after about another 6 month
Read more…What is the quickest and or easiest process to find out the investor's name?
Read more…The client has been going through a divorce and trying to do a loan mod. Now he is presented with a trustee sale date of Jan 18th. He can do a regular sale. Do you think BofA will delay the trustee sale if we present an offer?
Thanks.
Read more…SPS is fast. I'll give that to them, but overall so far I'm in shock. DRIVE BY BPO in September came in on my property at $330,000. I got an offer at $130,000 due to the subject property next door being 5 units (mine is 4) and on the market for ov
Read more…Second Home & PMI...
I have a short sale in Equator and GMAC is the lender. It is a second home and has PMI. My negotiator said he has to request the seller come to the closing table with $2,000 and that the PMI company may ask for much more than
Read more…Does anyone know if IndyMac has a seasoning requirement on how long the buyer must hold a property after a short sale has been approved before they can sell it? If so, is it indicated in their final approval letter what those requirements are? If a
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