Hello Group:
This is my 1st discussion so please bare with me. I'm a broker-owner and attorney in the Chicagoland area doing business in the short-sale space for the past 10 years.
Can anyone advise me on CITI escalation or other options?
1st lien
Read more…Hello everyone. I am the buyer in the SS. I first saw this property in July. Met with SS RE agent for seller, in August. Offer sent over to HSBC on September 4. From what I have been told there is only HSBC and was just informed from the SS agent tha
Read more…I am currently in the middle of processing a short sale with Citi Mtg where Hudson City is the investor. I am told that Hudson takes a ridiculous amount of time to approve a short sale. Does anyone have any experience with them? Any direct contact
Read more…Does anyone know of a good HUD 1 generator for short sales? I am working off an old HUD 1 form and need an updated one. Free would be great but Im open for options. I would like to be able to make multiple changes if necessary to this HU1 form.
T
Read more…I don't deal with short sales much, so looking here for some advice. I have a friend who owns a property as a primary residence, but they have another home that they are renting in another state but they bought at the height of the market. The rent
Read more…Hi, I am an agent but I'm also a real estate agent. I am purchasing a short sale and we got the approval from the 1st lender, but still waiting approval from the 2nd lender. We have been under contract since end of October. The 2nd lender keeps as
Read more…I canned my short sale process in a short podcast w/ blog post.
Curious if anybody has feedback or would like to swipe it? Particularly on the Google doc / short sale checklist I provide my clients. Link below,
http://www.supersmartrealestate.com
Read more…Ocwen is requiring this short sale be put on hubzu? We have had an offer in for 2 months?? Any Listing Agents been approached this way?
Read more…Where do you go for help when a mortgage has been paid off, the bank and title company no longer exist, and the bank was taken off of MERS in 2007??
Homeowners took out a 1st mtg and HELOC in March, 2007. In July, they refinanced the HELOC to increa
Read more…I'm having a hard time with SLS, who sent out an appraiser on my SS, instead of a BPO agent. Value came in 12K higher than offer. Buyer came up 2K max so we are 10K away from what bank wants, which is definitely over market value. Bank says I can do
Read more…Has anyone ever worked with Servi Solutions? I have a client that their mortgage was sold to Servi Solutions and did find the website but didn't know anymore info than that. Any tips?
Read more…I am a buyer in the Hampton Roads, VA area. The house that I'm interested in hasn't been lived in since November, the buyers have accepted our offer (price that the bank set) and am awaiting bank approval. Since the buyers have accepted, we have gott
Read more…Hi Everyone! What is your experience with Kondaur Capital? They state they reduce agent commissions by 1% or will not approve a short sale. Thank you!
Read more…I am a buyer, new to short sales, about to contract with a Negotiator to pave the way with the owner (borrower), lender, along with a listing agent. Fee is $750 to get a signed agreement by the borrower to work with him, then $4000 on the back end
Read more…I have a short sale... it's a conventional loan, service by chase, with Freddie Mac as investor.
They require a "Pension Award Letter" for proof of retirement income in addition to disbursement statements from the pension.
My client cannot find the
Read more…Hi All!
It's still strange in the Short Sale world for sure! Have Citi Loan in first, and a FHFC Loan in second.
Started SS in mid July. Foreclosure judgement already granted to Citi back in March. Able to delay foreclosure auction sale until Nove
Read more…There are a number of benefits to buying this type of loans for bad credit. Lenders show that the quick loan approval always has a price, but if the right boxes are checked, then there is little reason not to give the green light. The key issue is th
Read more…We have a Short Sale we've been working on since March. It started with 2 Chase loans. We had approval but then the buyer backed out. Got a new buyer with matching offer to 1st approval. 1st loan was then released to SPS. Now SPS is telling us t
Read more…I have several short sales that are FHA and it never fails, I have to fight them in the loan modification cue in order to get them removed and sent to the short sale cue. I thought i had the answer when I rec'd a BOA form called a Borrower Election
Read more…
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