God Bless all of us trying to make it through this impersonal system...BUT, here is my questions. B of A has a 2nd, HELOC, on a home that I have negotiated on for almost 9 months. All terms have been accepted by the 1st lien holder, buyer, seller.
Read more…I sumbitted an offer on dec 31, 2009 on a short sale property in fla. On march 4 2010 I got a phone call from my realtor saying the bank approved the offer and expected to close may 4 2010. I asked for the approval letter and she kept saying it was c
Read more…I have a short sale and it is approved with Wells Fargo (1st) the 2nd is only owed 7K and they will not take any less than full payment! It will be going to foreclosure.. I have a buyer who will pay the 2nd off in full so we could do the short sale o
Read more…I am a potential buyer who just recieved word from the listing realtor that BOA closed our file in April due to not receiving an updated HUD. Apparently the short sale request was opened as she called it "the old way" instead of through Equator in t
Read more…I am going to be working with First Franklin and have not been able to get their requirements or paperwork for a short sale. Can anyone direct me to its location on the site? Thank you.
Read more…I have a client who is telling me that he has a mortgage with Instamortage. I have not seen the paperwork as of yet however I have searched a little on line. Has anyone dealt them before? Until I see more information with a statement, I don't even
Read more…Hi,
We are currently in the process of purchasing a short sale property from Bank of America. It has been @60 days on the equator and was just notified yesterday that tthe file is waiting final approval from the investor. I believe it is fannie m
Read more…I am unfamiliar on how to advise my buyers. The primary bank was going to accept our deal but now says the 2nd mortgage holder isn't willing to negotiate so property will go up for sale at the courthouse in Pinellas County Florida. Where can I point
Read more…I've never done a short sale with AmTrust Bank before. What are they like to deal with? Does AmTrust Bank waive deficiency judgments in their approval letters?
Read more…There has been some great posts on IndyMac/One West Bank and I thank you for those insights but...I am having difficulty with a file that keeps spinning it's wheels in the Loan Mod. dept and I can't get it into gear so it can be sent over to the Shor
Read more…I have a client who has a 1st and 2nd mortgage on the property. If we are able to get a reasonable offer they will be able to clear the first but will still be short on the second. Once we get an offer do we proceed as normal but only submit the offe
Read more…I'm having an issue with Litton Loan.
The Short Sale was approved, but buyers appraisal came in $9,000 short due to the condition of the pool. I supplied a pool inspection report to the negotiator to show the condition of the home. The negotiator i
Read more…Chase/Chase short sale.
California - all purchase money-- except Chase did a loan mod and put sellers into a buy down interest rate 2 years ago... the seller did not take money out.
The Second - CHASE -- is telling up they won't do ANYTHING unl
Read more…Well my client just received a HAFA Short Sale package from Wells Fargo. Yeah! My first one. We listed the house and received multiple offers. Accepted an offer and submitted the package to the lender with a request for a HAFA Short Sale with a HAM
Read more…Hi- After waiting 97 days we just got the 2nd lender to approve our short-sale today ( the 1st bank was on April 21) ! Our close date is June 1st. We signed the last addendum sales contract by April 24. Does this mean we can qualify for both tax cre
Read more…Do you know if banks allow the listing agent of a short sale to help the seller out with the cash contribution and give a portion of their commission at closing to help the seller pay the cash contribution to close the short sale? Please advise. th
Read more…Do you know if banks allow the listing agent of a short sale to help the seller out with the cash contribution and give a portion of their commission at closing to help the seller pay the cash contribution to close the short sale? Please advise. th
Read more…Hi- Just been informed that our file is with the investors of BOA with no estimated time frame of when and where they are with our file. The messages Equator sent was very vague. Can anyone help and provide me with some contact info or experiences t
Read more…Couldn't believe this until it actually happened to me. Bought investment property at $230,000,now worth $95,000. Why are sellers not only being turned down by banks re modifications, but also by realtors?
Read more…Has anyone signed the agreement to "work with" the recovery dept. at wells Fargo at closing or know someone that did?
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