We are considering using software, now, to manage all our short sale files and paperwork. We have about 200 files...seriously. Anyone using Short Sale Commander? It looks interesting. We have two full time people and one attorney working on these and
Read more…Check out these realtor remarks that I saw in MLS today for a BofA REO condo that is classified as a condo-tel by Bank of America. COMBO LOCKBOX - CALL FOR CODE. A PRE-APPROVAL LETTER FROM A BANK OF AMERICA LOAN OFFICER IS REQUIRED WHEN SUBMITTING AL
Read more…I just spoke with an agent in my area about a listing that he has been having for over 450 days. About two weeks ago, the list price was reduced from $119,000 to $54,000. I had a client that had been watching this property for a while and when the d
Read more…Does anyone know the Fannie Mae email format? example: first.last@fanniemae.com
Read more…Has anybody noticed the increased activity with lenders the last couple of weeks? I have files that have been sitting for months that are finally getting ready to be approved. The frustrating part of course is that after 6 months of nothing they sen
Read more…Anyone have any SS experience with them, or thoughts on my issue.......... Owner delinquent 9 months. No foreclosure started yet. Great Cash offer from a buyer. No 2nd mrtg. Owner willing to do anything. Harris says drop the listing price, and offer
Read more…My husband and I are in the process of purchasing a short sale being serviced by BOA. This has been a long…..process. When my husband and I found this home on Georgia MLS site for $209,900.00 it stated it was an Short Sale verbal approval, and we are
Read more…We have 2 of our short sale files that are now requesting that the file be handled through National Quick Sale. It is $99 to set up (they waived the fee for me). Now they are also telling us that they are going to charge 1% of the purchase price & a
Read more…I am just finishing on line class from Certified Distressed Property Expert. Anyone else taken this course? Has a lot of great information.
Read more…I have not read all of it yet but it looks like they are being sued by their investors. I wonder how long before BofA is in a similar suit.
Read more…Here's the latest...our SS was submitted to SunTrust on 08/13/09 and it was assigned to a negotiator on 10/16/09. We spoke with her 1x on 10/23 and she was real nasty, saying that we had never been late or missed any payments, so why were we submitti
Read more…Many of you may know me from ActiveRain as an REO Listing Agent - well I just took my first Short Sale Listing in over 2 years (I did over a dozen in early 2007). I am looking for any helpful information for HSBC - my seller has both a 1st and a 2nd
Read more…Recently received an "educational" offer from a real estate guru. It was on marketing to those in bankruptcy that have a foreclosure in process. In listening to a webinar I gleaned from them some interesting thoughts. Bankruptcy merely stalls the fo
Read more…I'm curious if any of you are making the effort the "thank" the negotiators with whom you work? Are any of you sending them a thank you card, or even a small gift card? Heck, I don't even know what's allowable in a situation like this. LOL It used to
Read more…Lately I have been running into issues of the closers on the files not responding to me. We may need an extension, HUD approval or a simple question answered. It seems as though once the negotiator sends the file to the closing department, it takes a
Read more…WAMU changes the final HUD day of Funding!! Anyone ever had this happen? Came back saying they won't pay title fees??
Read more…I just closed on a sale and both sellers are detectives with our local law enforcement office. (This was not a short sale) but the topic came up, he is currently involved in a major mortgage fraud investigation in Bay, Walton and Okaloosa counties in
Read more…Any of you familiar with the Short Sale Brokers Association? It was mentioned on www.DSNews.com today. Promising more short sale business and volume.
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