I am the buyer on a Texas short sale through Bank of America. Per our broker we received written approval around the 1st of May. The status has changed to "closing" in Equator. The final closing day the bank would allow this deal to close is in late
Read more…I have been waiting on a reply from Nationstar since 2-26-14. I submitted offer, was countered and asked to update some info. I updated all info. Gave them what they asked for in the counter. I waited the 5 days for a reply. On 6th day I call
Read more…Does anyone have any experience with Stonegate and negotiations while seller still making payments?
Read more…Anyone have any rules of thumb when dealing with Fannie's recommended list price?
I've got a troubled listing. Its been on the market for about 3+ months. We've steadily lowered the price. I figured I might as well see what Fannie thought. So I req
Read more…I have a 1st with an acceptance(frediemac) need 2nd heloc from BOA
have send in jaxshortsales@bankofamerican.com 6 weeks ago
I call "customer service" and they just say wait.
does anyone know who to contact to get the file looked at and a response
Read more…Need a upper level contact for Real TIme....Usually I have no problems but this time they wont the pay out from the first and will not let us contribute for remaining...
Read more…I am working on a short sale with my clients, and their home has been under contract. We've submitted all the Short Sale Package paperwork to OCWEN (the 1st Lien Holder), and CHASE (the 2nd lien holder). We've talked with a representative from OCWEN
Read more…I am the buyer of an Ocwen short sale. I am one of the lucky ones who had to go through the new CFPB approval process, which took about 2.5 weeks. The offer then went to the investors and was verbally approved. We have been waiting for the actual app
Read more…Just received a PennyMac short sale and the listing instructions say total 5% commission, or 4% if dual agent. I haven't seen less than 6% commissions in quite some time. I have seen recent blog posts regarding this. Any thoughts about getting it to
Read more…I am the buyer of a short sale and the process so far has taken about a month and a half to get through the second lien holder. Now it appears the documentation has been sent to a Mortgage insurer for final approval. Unfortunately, our broker only
Read more…Does anyone have any contact info or experience with Stearns for short sales. Didn't find anything on lender contact info.
Thank you!
Read more…Hello!
I'm doing a short sale in Florida thru Wells Fargo. The bank needs an internal BPO but the current tenant (nor hoa board) will give me access to the property to let the appraiser in. Will Wells Fargo accept anything else? Or what's the best
Read more…Okay Super Stars, Let's see what we can do with this:
Here are the facts.
We began this Short Sale process in September of 2012!
Sellers are a young couple who's income was halved for pregnancy related health reasons. In 2009 owners relocated to anot
Read more…I have been negotiating a FHA Chase short sale for the past year. Finally issued the approval and ready to close. Sent in the final HUDs 4 days before schedule closing. The closer said through equator that they looked good. I asked for the final a
Read more…Has anyone had a lender ever tell them... "we are not required to speak with you even if we have a third party authorizaton"?? Basically the lender wont cooperate with the short sale and is willing to take this through the foreclosure process. They
Read more…Good morning Superstars.
Ok, the results of our Real Estate Marketing research is in!!! As you may already know, a successful Real Estate
business can, and should, incorporate a marketing plan to generate Seller Leads. And those real estate agents t
During the past few years home prices have gone up dramatically just as they did in the early 2000's.
Today the market feels like it has hit a standstill, for one, in my opinion it was much needed. I say this because just by looking and talking to th
Read more…Hello All, For 7 months we have been involved in the purchase of a HAFA short sale that has two lien holders (Nationstar and Carrington). We received approval from both lien holders as of last week and were set to close by the end of this month unti
Read more…I listed a property as SS with Ocwen as first and Chase as second. How is OCWEN in thier timeline now? My seller moved out during the loan modifiaction process and was approved for trial, it started last November. Meanwhile she moved to her daughter
Read more…This isn't necessarily a short sale question but rather a bank question.
The bank recorded their loan against the wrong property. My client is buying a home which the sellers bought with cash (no loan). However, another property down the street got
Read more…
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