Just received an approval from Chase on 1st and 2nd. 1st is not asking for anything. 2nd has defiency judgment verbiage in approval. 1st and 2nd is purchase money. The 2nd loan is $155,000 and Chase Freddie Mac is giving the 2nd loan $3000. Negotiato
Read more…We are trying to buy a short sale since middle of October. Two loans, both WF. They came back to us a week ago, countered 24k higher than our offer. They did a BPO and the only home in neighborhood sold back in July for 190,000. So the banks said 184
Read more…Any thoughts on the subject would be appreciated. The seller has talked to their CPA and has been advised they will not be able to claim the house they are short selling in Idaho as their primary residence - as they have claimed AZ as their primary r
Read more…Having been in the process of purchasing a new home for my family for over a year, submitting many offers, having a transaction cancelled a week before closing, my wife and I decided to go into our current transaction un-represented. We are familiar
Read more…History: Started a short sale with Chase in August. Was told client would qualify for a short sale, however final approval would come with the offer. Offer submitted on September 2nd. Time rocks on and at the end of October we were notified the do
Read more…Anyone have a handle on a percentage or rate of sellers actually accepting to pay the promissory note? Do the banks ever negotiate those numbers?
Read more…I am writing our congressman as to what we have been through with this contract to purchase.As a matter of fact I am forming a realtor committee to contact Washington and let them know that the correspondance and treatment with these short sales is
Read more…Is there a website similar to this one for assitance in loan mods? If not there should be....
Read more…I AM CONSTANTALY LOOKING FOR CONTINUED EDUCATION TRAINING. I PARTICIPATE IN WEBINARS AND HAVE GONE TO A SEMINAR OR TWO FOR EQUATOR. IT SEEMS LIKE BOA IS THE ONLY BANK WHO OFFERS SUCH CLASSES. I KNOW THERE MUST BE MANY MORE OPPORTUNITIES I AM MISSING
Read more…Hey...
Can anybody direct me to where to vote for the worst loan servicer when it comes to short sales for 2010?
It's that time of year and it's time to reward the worst...
Where is the poll?
Read more…
SPS said AMLT was the investor that backed the loan. I found Accredited Mortgage Loan Trust, but for the life of me can't find an address, phone number, etc.
Anyone heard of them?
Read more…How do you get the 2nd lein holder to cooperate? They want more money than the 1st is willing to give.
Has anyone had any experience with GTE Credit Union?
Read more…Hi,
I'm a buyers agent on a short sale with BoA. I know the buyer's offer was probably low but it has taken 7 weeks for the listing agent to get back with us with an answer from BoA. She said the offer was denied with the only reason as "other" from
I have done a number of short sales, however, recently I had a homeowner contact me who had a Notice of TD sale put on their front door. The homeowner told me that she had a Capital One first and no second. Even though the clock was ticking and th
Read more…After 6 months....
Here I am today. Chase on the 1st, Greentree on the 2nd (for BofA). Original offer from Chase on a 1.7 mil sale, $3000 to GT. Greentree demanded (you guessed it) 5%. Buyer came up in price by 60 k , we reduced commission by 1%, of
Read more…Hi I submitted an offer with PNC 3 weeks ago and am unable to get through to anyone at the # I have, hold time is endless. Does anyone have working numbers for them that they have had success with.
Thanks
Read more…Hello. We are completely new to this website so please excuse my amateur level of knowledge on short sale. We recently moved to SF bay area suburb from east coast. Just 2 of us and hopefully a baby soon.
We were able to find a property on short
Read more…I just recieved an email from the condo HOA telling me that they will file in small claims court against me for the past HOA dues. I am in the state of California. The condo still has no offers, and I am three months behind in both mortgage and HOA d
Read more…I have a question and have googled for weeks trying to get an official opinion on this from someone who might really know. It just doesnt seem to be addressed anywhere. Here it is:
"Affiant further says that there are no agreements or understanding
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