My short sale property is being transferred to bank of America on March 1, 2010. The short sale is approved with Wilshire, we have a cash buyer and can close any time! However, my client and I are / were trying to get a letter saying they, Wilshire,
Read more…I'm in the process of buying a home in MA in a short sale. My realtor told me the other day that the bank approved the sale and emailed me a copy of the P&S to show my lawyer. However, my lawyer said that often short sales aren't approved by the bank
Read more…What is it to deal with BOA as a servicer when the investor is a rural econ loan???? LONGGGGGG waiting or the same as with BOA
They told me today that the investor (rural econ ) has changed their mind in processing the approval letter???? Need feedbac
Have a small local credit union that is in second position. We have an offer that actually pays off the first mortgage as it was already shorted at sheriff/trustee sale, and give the second some 37% ( of $89,000 total owed). Now they are strongly h
Read more…I have a loan where Specialized Loan Servicing is servicing a loan on which RBS is the investor. Here is the problem: There were 3 BPO's done 2 within the last 2 months that were ordered by SLS. They came back in the $60-$80 range. RBS- has a value
Read more…Short Sale rent backs are a great solution for a lot of people, but a lot of banks have you sign an "Arms Length Affidavit" that doesn't allow it. From reading through some comments, it looks like some banks allow it, and some don't. I thought it w
Read more…Are there any realtors that have done a short sale option offer or have been approached by an investor that is interested in this sort of transaction? Meaning an investor who puts an option agreement on the property and then finds a third party buyer
Read more…Main - ( 877) 768-2265 Asset Recovery - (800) 938-6600 Loss Mit - (888) 656-8101 Email SS Pkg to lostmiti@sovereign.com Fax SS Pkg to (800) 881-9334 Put on cover sheet "Short Sale Request" Sovereign operates out of Madrid Spain and has only two nego
Read more…However, we need advice on how do we get the investor to not place a deficiency judgment against us? We owe $238,000 on the house and the investor's net is going to be about $145,000. The investor is Virginia Housing Development Authority (VHDA). D
Read more…Does anyone have a fax # for Chase Revocery. I have been on hold for more than an hour on their 877-836-3040 #. Thanks
Read more…I have a question. Is it best to leave utilities on in the homes that clients have vacated before the sale is approved? I have heard yes, and no. what say you guys and gals?
Read more…Does anyone know what the numbers on the right side of our completed tasks mean? eg: (-7)
I have asked BOA several times but nobody seems to know. ??
Thanks,
Sg
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Working on this one for just over 60 days and have managed to get the 1st to contribute $3K, Seller $6K and Buyer $6K but can't get the 2nd to budge from wanting $24K. Seller is willing to take a small unsecured note to close the deal but wants a com
Read more…I have done everything, and borrower has done everything on BOA/SS site too. All of our tasks are complete and confirmed by BOA/Equator rep. My conversations for the last 4 days with BOA/Equator say that there is one (1) task yet to be done by the
Read more…Hey, I have recently listed two homes with mortgage through EverHome Mortgage. I am looking for anyone who has tips or info to share. They use "National Quick Sale" for the short sales. Anyone out there with helpful tips and/or advice? ThankS!
Read more…Midland is telling my agent that the client has to pay a per diem rather than issuing us an extension. I've had banks issue per diems before but that was after issuing about 3 or 4 extension letters first. Has anyone dealt with this Midland Mortgage
Read more…How many of us out there are double ending their deals just to make sure you don’t have to replace the buyer at the last minute? And how many of you are working buyers other than the ones buying your listings?
Read more…Does any one have information concerning Round point Financial?
Read more…I feel so damn,I am a new agent in short sales and started a shortsale thru equator,first thing they ask for is 3rd party letter of authorization,I submitted letter of authorization,but they responded is not the right document,can anybody tell me abo
Read more…Property located in Liberty City Apartments - owners live out of state - no tenant in property.
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