It seemed like forever, almost 7 months to the day, but we just received the offical ss acceptance letter. I have a question though regarding our March mortgage payment:
We are scheduled to move out on Saturday, March 13th and we’re going to closi
Read more…Has anyone had much luck with the second mortgage department with PNC (formerly National City). I have a short sale where the sellers have a $105,000 second mortgage. What has been your experience?
Read more…Just got ANOTHER deal on my BOA Short sale and all paperwork was submitted yesterday.. This is our 6th time around on this property.(we did get a few approvals but buyers walked just prior and had to start over again.) This last time around, BOA ama
Read more…I realize that Fannie and Freddie loans do not qualify..but what about the small town local banks? They are not HAMP participantes, therefore, do not need to suck it up and take the 3K, correct?
Read more…My client had a 2nd mortgage with Chase. Representative told me to call Professional Recovery Services at 800-309-8000. Any idea what is their approach towards short sales? Are they tough?
My client had 25k mortgage balance and we have approved 2500
Read more…The banks are raping folks and they really dont want the world to know the truth. This is the TRUTH!
http://www.thinkbigworksmall.com/mypage/archive/1/32275
I have a short sale involving First Franklin and Nationpoint.
Does it make sense that Nationpoint originated this loan and they loaned 40k and then First Franklin loaned 159k as the second???
I haven't run into this before.
I'm stumped as to why Nationp
Here is the situation- BOA approved an offer of 450K with 3% c cost credit on an outstanding 1st mtg of roughly 890K .
.
There is a second that was approved by Real Time Resolutions in the amount of 3K with a payoff
balance o
Read more…Hi, I need your help Been working with this short sale for almost 18 months. Now is on equator they send me a counter. Counter is the same offer i submitted. !!! Question Buyer Does not want to perform should I accept Counter Offer. Then Bring A Diff
Read more…Greetings all! Was wondering if anyone had any contacts for Citi Mortgage? My wonderful brother in law, Jim Ferebee gave me some GREAT docs info for them. Was wondering if any of you here had contacts? Closing on another deal Friday. AWESOME AWES
Read more…The Obama Administration is going to begin paying Homeowners $1,500 in relocation assistance for doing a short sale beginning on April 1st!
http://www.kentuckysolutions.com/obama-paying-for-short-sales
I requested up front the short sale application and guidlines in order to see how hey operate.
Their short sale application up front stipulates 3 things I have never seen:
The package must have a buyers hardship letter that includes a phrase st
Read more…I'd like to hear input from those of you who may be working on a BofA short sale where the owner is current, but maybe has missed a tax payment, if the owner is not a wealthy person, are you getting approvals without the bank asking for a promissory
Read more…Would like feedback from anyone who is or has worked with these as short sale negotiators. Good, bad, indifferent?
Read more…Is a FHA short sale any different with BofA? Is it any slower or faster than a conventional? Any way to avoid starting over when submitting a new offer? Can't get through to the 2nd negoiator to get answers to these questions.
Read more…I got this listing on Wednesday, and immediately faxed a letter of authorization, Wednesday, Thursday and now Friday and Saturday. I'm still not in their system. I've used both the toll-free and the 805 number. An offer came in Friday afternoon a
Read more…I'm working a short sale through Wells Fargo, and the bank has approved the amount after sending in all docs. Problem is, my client's PMI company will not accept the offer and sign off, so the short sale has been rejected. She has a hardship which
Read more…I been proposed to initiated on Multyfamily MIX-USE building SHORT SALE and need to know what to expect. If anyone had experienced that meter.BUILDING consist of RESIDENTIAL UNITS and 2 BUSNESESS. Irina Nusinkis United National Realty Staten Island,
Read more…It has been very nice to meet so many short sale superstars at the Keller Williams Family Reunion. I would suspect after the short sale panel that I was on with Fred Kauffman and Fred Weaver, we have even more members now. www.ShortSaleSuperstars.c
Read more…I am doing a short sale with Chase, not the first one I have done with them. The Negotiator tells me GA. is a deficiency state and they would pursue my buyer for the balance with is 80,000 on a property that is worh only 50,000 There is only one Mort
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