They told me I do not need to bid and the highest bid will be offer to me first.
Now the investment company from TX where the Nationstar is located is buying this property in LA.
If you read the Real Estate book you will know that Real Estate broker /
Hello Superstars! I have a dilemma. I have an agent in my market (Idaho) that is making a specific statement to the general public that has me thinking I am "out of touch" The statement is "Get $4,500.00 to Short Sale". The statement/ads have no disc
Read more…Has anyone had success with Fannie including Code Enforcement Liens? (Especially when a Jr. Lien is also involved?) Have a property with huge $6k lien have been told Fannie Will not allow, does not pay this item, suggest structure as buyer needs to p
Read more…Last Short sale I closed as a listing agent was 2 years ago. I am listing a home with a purchase money loan and a second that was added when borrowers did a loan mod. B of A created a new second of $13,000 FHA, which is the total arrears of the selle
Read more…Hi everyone!! I am hearing rumors that starting January 2014 the rules on short sales will be changing and the lenders will be requiring a repayment of the forgiven amount. If that is the case then the short sale as we know it would pretty much be go
Read more…The seller received a short sale approval but the title shows two open mortgages besides the mortgage that is subject to the short sale. Clearly the mortgages are satisfied but HSBC did not record the satisfactions and the title company will not clo
Read more…Hi all,
I'm in the process of buying a short sale through nationstar (just hit the 1yr mark earlier this month). Our approval letter date was to close by 11/14. We missed it due to my title company having issues clearing the title (house went from sh
Read more…I have a short sale with : california housing finance agency. The first lien is bank of america, with a private investor who will only pay off $1,000 to CALHFA for 2nd lien who's total balance is $15,000. They informed me that it would take 30-60 day
Read more…Does anyone know if there is a deadline for short sales to be under contract by, to still qualify for the NMDR? It looks like it is going to expire on 12/31. I've heard nothing about a renewal. And it might have been my imagination, but I thought
Read more…
Good morning Superstars,
In the world of digital devices there are still old-school methods of marketing that “just work”. Most real estate agents shy away from direct mail, but if you knew what you were doing, they’d be knocking down their Copywri
Read more…Owners requested my assistance for SS after being denied for loan modification. Lender said I could market the property (didn't gave me a price) and to submit the SS package which their list said to submit income docs., bank statements, hardship lett
Read more…This is a new one for me and I'm wondering if anyone else has had this happen.
FHA transaction with one lender. ATP letter received from FHA. Closing delayed as a tax lien popped up on the final sweep for title approval. FHA has signed off on paying
Read more…My seller has a FHA loan for an investment property. FHA guidelines are that the borrower is required to live in the property within the last 18 months to qualify for a short sale. Borrower never lived in the property.. property was always a rental.
Read more…Nationstar has given me an approval verbally (via equator). They requested an updated HUD AND second bank approval. The second bank will not give an approval based on an offer that the first has not approved. I'm at a standoff. How can I escalate
Read more…Here we go again, waiting to see if Congress will extend the MORTGAGE DEBT RELIEF ACT in2014?
Has anyone heard any favorable comments, what's NAR impact thus far? Like most of you, i have multiple Short Sales projected to COE in early 2014. This verd
Read more…Hello Superstars, Does anyone have a contact with higher up at Wells?
This is a stigmatized property, prior FHA wells put on Equator completed all tasks....then nothing. We finally get assigned negotiator we learn from calling Wells...still no more ta
Please help
I need an attorney to fight this.
I am a buyer on a shortsale property that was transfered from BOA to NationStar/Auction.com.
I was told by Auction.com that since I wrote an offer on this property I should wait until Auction is finaliz
Read more…I've never given an approval letter to a Buyer Agent. But, they always ask me for a copy.
I tell them that I will give a copy to the lender if it is a condition of financing, and of course a copy to the settlement agent. But I can not freely distri
Read more…Has anyone working with this 2nd lien before. All the contact numbers are either disconnected or do not work. Your input is greatly appreciated.
Read more…Does Freddie Mac have a site to post escalations like Fannie does? The Homepath site has been extremely helpful to escalate issued, report delays, and dispute values. Wondering if Freddie also has one.
Read more…
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