I am the seller. I have a second home in Calif which has been listed with an experienced short sale Realtor for over 85 days and no offers. The last sale for a like condo was $292K, mine is listed at $272K. It has one refi, NO cash out loan on it wit
Read more…Hi,
Can anyone help me? I have a HAFA approval and there is PMI on the loan. Now PMI is insisiting on a note. Is this acceptable with HAFA guidelines? Can PMI do this? Help.
Debbie Bannister
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I'm short saling a condo that is not part of an association and doesn't have fees. I've been told by most buyers that they cannot get financing because the other unit is not owner occupied, so a cash offer has to be put in.
My buyers put in a cas
Read more…Does anyone have any suggestions as to what to make sure to include in the hardship letter?
Read more…Talking to a couple who are geting a divorce. Neither can afford the home individually. Husband doesn't care if his credit is adversely affected. Wife does becuase they currently work for the same company & she feels she has to change jobs & wants to
Read more…I just closed a short sale with American Home Mortgage and the bank agreed in writing not to pursue a deficiency judgment for an investor on the balance owed. I didn't even ask as I've never known a bank to forfeit their right to pursue a judgment on
Read more…Short sale approved, no cash required from seller, no promisory note required. But the language remains "BofA may pursue deficiency. Its in the boiler plate letter shown on the site.
Has anyone negotiated this language and gotten in writing that
Read more…Just posing this question for anyone who cares to answer.
Just called Chase today to check status on short sale package and was advised that my Authorization letter had to be sent to the Fraud Department to be checked and it would take 24 to 48 hours to review. Said this is new policy since the recent fore
Read more…Has anyone successfully negotiated a short sale with First Horizon? I have three files pending (all with the same seller) and every time I call I get the same story. The paperwork is in imaging and can't be pulled up in the system to verify package c
Read more…I am in search of a comprehensive list of contacts for the lenders...email addresses and direct phone numbers.
Upper level "escalation necessary' contacts is what I need!
Thanks everyone!
Read more…I'm putting together a short sale package offer for my seller that just got a reasonable offer on her property. She will be shorting a second. Both loans are with the same bank.
As part of the "required" documentation that the bank sent me, they inc
We have a complete workout packet as per Aurora...finally! I am almost positive we will be approved based on the progression on my Multiple Sclerosis and my husbands income reduction. We have an offer on the house which is also going to be a well doc
Read more…Help! Does anybody have a GOOD letter when requesting the identity of the investor from the lender? I do not have the 20 days (which is what RESPA says the lender legally has to respond to this request). My deal will die before that point. Any id
Read more…After 6 months of being 'caught' in the system with a shortsale...i've waited 5 weeks for the final letter of approval from the pmi company and the patience is wearing out. I'd love to have the property but the place now sits there empty and god onl
Read more…We have a complete workout packet as per Aurora...finally! I am almost positive we will be approved based on the progression on my Multiple Sclerosis and my husbands income reduction. We have an offer on the house which is also going to be a well doc
Read more…I need hellp with Ocwen. Who has a good name and number to email/talk to? AFter having a property on the market for four months, reducing it every 30 days, we finally got three offers. We asked for highest and best and submitted the offer to Ocwen
Read more…I have a short sale in process. The first mortgage is BOA and the second is CCO Mortgage. The offer is enough to pay off BOA and the second is getting 50% of balance. So the 2nd mortgage is the only one I am negotiating with currently.
I have a couple questions about short sales as a home owner considering the possibility of short selling 2 of my investment properties. (They are considered investment properties, but I never wanted them to be investments; life moved on and I just co
Read more…The W.F. 1st TD balance is $155k, The Chase HELOC 2nd is $98k. The accepted short sales price is $252k. Does anyone have experience where the 1st TD is not short, but the 2nd TD is? Also note, the seller is deceased and passed with no assetts (all
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