On the Request for Mortgage Assistance, form does a seller need to include info regarding income from S-corp and assets in an LLC (with different names than borrowers)? S-corp and LLC info flows thru to personal income taxes. Purchase money loan, st
Read more…Hello everyone,
I am seeking some advice on a short sale I am purchasing. I put my offer in back in November and it was accepted. It took a few months to resolve judgments and the sellers side said short sale has verbal approval back in May. I have
Read more…I have a new client that I started working in July 2014 on a FHA shortsale with Chase.
This new client had another attorney working on it prior so I wasn't given the complete file.
Found out about in August that it was an FHA loan and that it had an
Read more…If anyone needs advice over dealing with Ocwen short sale let me know will have updates and guide you through
Read more…HomePathforShortSales.com Expanded
Fannie Mae announces the expansion of the HomePath® for Short Sales website - a communication tool created to help real estate professionals efficiently complete short sales and resolve challenges directly with Fanni
First I would like to thank the creators/ membor of this site. As a first time homebuyer of a short shale home, this site has been extremely helpful and there's so much I've been able to talk away with regards to short sale proceedings. That being sa
Read more…My site is not working. I have tried calling, email, and facebook messaging with zero response.
Read more…I have a seller that I am working with on a ss through WF through Equator. We are almost at the end and I believe it will be accepted. I just found out that seller would like me to handle another ss for another property that he owns through Greentr
Read more…I've completed approx 50 short sales in the past two years and have never had to defend my commission previously. I just got countered by PHH to reduce to 4%. This may seem silly that I never had to learn this and how do I combat the reduction?
Read more…I am negotiating a short sale that has been stuck in the Wells Fargo system for months. They did the appraisal 3 months ago and we haven't had anything from them. We have escalated to no avail. does anyone have a good contact that can help us get
Read more…I have an fha short sale in with Chase. Can anyone tell me what the normal turnaround time is for the variance to be approved. Need to know when and how to escalate if it goes beyond that time period.
I was told by the servicer that it is 7-10 bus
Read more…I am the buyer in a short sale transaction. After 6 months of constant back and forth, I was told last week by the seller's agent that the investor (US Bank) was not going to approve the offer because it was higher than the BPO and they didn't want t
Read more…I was getting No where with Ocwen until I joined The Ocwen Group and used the Contacts on the page. The Omsmandud helped and Michael Rapp Also was a tremendous help in obtaining my approval. I also filed a complaint with Consumer Financial Protection
Read more…Ive read as much as I can on this site regarding Federal Tax Liens, and I am familiar with the process already since I've downloaded Form 783 and have looked over the required documentation.
So... I have a couple follow up questions I was hoping a ta
Read more…I've read endless threads on Short Sale Superstars regarding sellers opting out of auction.com regardless of who the servicer is ( Nationstar, Ocwen, B of A). I have a buyer currently bidding on a property. Has anyone EVER successfully completed a sh
Read more…Im working on a short sale were the first with chase is $1,000,000 and the 2nd with Wells Fargo is $400,000. The do not qualify for a HAFA so who decides how much the 2nd will get? Is Wells Fargo going to want to negotiate a large amount or note?
Read more…I've already got one post regarding this property.
But I had a question- The house we are hoping to purchase has been sitting for 2 years at least according to the papers we found stating it had been winterized.
Its still considered a shortsale and n
Read more…Condo Assoc. is owner of record on a unit. Condo Assoc. foreclosed due to past due fees. The former owner is un-reachable. BOA still has a lien (mortgage) on the unit and has filed Lis Pendens.
Condo Assoc. wants to sell. I can't reach the prior ow
Read more…A few weeks ago I asked the forum about how to close this SS early and the response was that it was simple. Just received a rejection after submitting the HUD 1 saying that it was not within 5 days of the closing date. Approval runs out on 6/24, prel
Read more…Hello - in reviewing the FHA guidelines I do not see anything about the property being rented. My seller relocated and rented the property to a friend... no lease and for less than 50% of the mortgage payment. Renter is in the property for the last
Read more…
**********************************
like buttons
************************