Anyone ever deal with LCS Financial Services?
WE have hit a brick wall with LCS Financial, they are a debt collector. Anyone ever deal with them?
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Short Sale Discussions (4366)
B of A Confiscates Gift Cards To Employees!!!!
Crazzzeeeee!!! They are as bad to work FOR as to work WITH! I just got off the phone w/a negotiator in the Phoenix offices. She was very helpful with my last B of A short sale, and I sent her a Starbux card as thanks, after the closing. We were tal
Read more…HUD to suspend 90 holding rule
Starting Feb 1st HUD will suspend it's requirement that a property be held by an owner for 90 days before being eligible for FHA financing. This suspension should open the market to more investors who were reluctant to buy and fix properties with the
Read more…Does anyone know an asset manager or any bank contact for New Century Hm Equity
Looking for lender contact for New Century Hm Equity. Trying to track down detail on a bank owned that forclosed over a year ago. I have someone who loves the neighborhood and it was taken back by this New Century Hm Equity. We found the managing co
Read more…BUYER SEEKING ADVICE TO EXPEDITE SHORT SELL PROCESS WITH FANNIE MAE
Hello all,
Before the burst of the housing bubble, I was moving and my intuition told me that buying a home was not wise; I decided to rent a home instead. Now that my intuition has served me well, I am done with the renting game and want to find
Read more…Lender won't release 2nd mortgage????
Wilshire will not give a full release of a second mortgage on one of my short sales. They will only give a lien only release. They are getting $5000.00 from the first AHMSI. Now the seller of the property just wants to cancel the short sale and file
Read more…Equator.com
I have uploaded my tasks, the problem is that my seller has had so much trouble with her password and loging on that were at a stand still. She can not upload her tasks, so we can get this going. I have called and talk to BOA/ Equator several times a
Read more…Preapproved Short Sales...
We've been doing the short sale process with SunTrust since 08/09. Our negotiator refuses to tell us what amount the investor wants. She just keeps telling us that we're too low but we're close. I was wondering about "preapproved shorts", how do t
Read more…Chase
I have a file with Chase they are the 2nd. Litton is the first. They gave an approval in 10 days with chase getting $6,000 dollars/10%. The file was submitted the beginning of December. Chase held the file until December 19th and kept saying it would
Read more…Buyer to "contribute" towards paying off second lender, out of escrow
i need help to better understand this.... More and more, I'm seeing this situation (and proposed strategy) to help get the second lien holder to cooperate with the short sale by having the buyer write in an addendum that buyer will agree to contribu
Read more…Dealing with Homeowner Associations and Liens
In Florida we see increased homeowners who can not keep up with the association dues. May be the case in other states as well. I in a few cases have to deal with working with the HOA and Board of Directors to accept settlements. In a few cases the HO
Read more…Investors to BUY and Hold or do Equity Sharing???
Does anyone know any investors that would buy at a discount and do a lease option to a Buyer for repurchase at market value within 24 months? I keep coming accross opportunities to buy below market and often have Buyers that are almost ready to buy..
Read more…B of A
This seems to be the question all of us wish we had a more clear answer to here in the Pacific Northwest.
Typically B of A is our toughest short sale. We are seeing a trend of 4 months before the sellers are hearing back from them and typically they a
Negotiate with LCS
I have a second TD with LCS, formerly with EMC. LCS will not budge off an offer to settle at 80%. Anybody have experience with EMC which suggests that I mightbe able to go back and negotiate with them directly?
Read more…How does Credit Report Look after a Short Sale?
I had a client ask me how his credit report would differ if the bank accepted a short sale as payment in full or if they went after a deficiency judgement. If they go after a deficiency judgement does the balance just show as a outstanding loan? Has
Read more…Comments about the Negotiator interview Part 2
Comments about the Negotiator interview Part 2
Comments about the Negotiator interview Part 1
Comments about the Negotiator interview Part 1
Mortgage Commitment wording
Does anybody know of any good mortgage wording that should be used to protect the buyer? what about the mortgage commitment date (e.g. approved, but what if only good for 45 days, and short sale doesn't get done by then?)
Thanks!
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Short Sale Marketing
I've been wondering if there are any agents here who have been marketing through social media platforms, I'd like to see if anyone have some solid successful short sale marketing plans to reach potential short sale sellers? Have anyone tried to orga
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