Does anyone have an escalation contact for nationstar FHA short sales? I have been working on a file since March. Appraisal was finaly completed a month ago and no ATP issued and no response to the offer that is good and meets the HUD requirements
Read more…Hello:
I am curious to know if anyone has any experience in knowing how Cenlar reports completed Short Sales to customer's Credit Reports?
I realize each bank and each agreement can be different. but any advice is appreciated.
David
Read more…As the listing agent , what can i do ,or better yet what pitfalls to look out for ?
CURRENTLY UNDER CONTRACT W/ ABOVE MARKET VALUE offer, now Frddie Mac forces my listing to use AUCTION .COM for 17 days, to a create a highest and best offer. So un
Read more…FHA - New PFS requirements - couple of questions:
1. I see that vacant properties that are not condemned are now eligible. Does that mean that there is no longer a "time period" attached to the vacancy and or rental period? I'm thinking "yes" since th
Hi All,
I'm 2 months into a short sale. Made an offer on a house that is serviced by NationStar. After my bid was accepted, NationStar turned the property over to auction.com. The auction failed, Apparently there were no bids higher then mine. N
Read more…We finally received approval for a complicated transaction that began 5 months ago. Along with the approval it stated it would be a 4% commission because the selling agent and I both report to the same broker. HSBC is NOT regulated because they are n
Read more…EVERYTIME I CALL WF THEY SAY THAT THEY CANT DISCUSS ANYTHING WITH ME BECAUSE THE FILE IS UNDER LITIGATION AND ALL THEY CAN DO IS REFER ME TO THEIR FORECLOSURE ATTORNEY. FANNIE MAE IS NOT THE OWNER OF THE LOAN NEITHER OTHER GSE, WITH THAT SAID WE HAVE
Read more…About to list a ss, 2 loans with First Tech, 1st is Fannie. Never worked with First Tech before but already I can tell I will be reaching for the Xanax. Anybody have any experience? Thanks!
Read more…How wonderful to find Short sale super stars! I recognize that as a buyer we do not have much of a voice in the matter, but I figured I would reach out for some help. We do not know much. The seller's attorney is our only connection with Ocwen but
Read more…I represent a buyer who is interested in purchasing a property in NJ that is several months into the short sale process at Bank of America. The seller just disclosed that there is an underground oil tank on the property and does not have money to re
Read more…I have a second asking for 20% of payoff and the first only willing to do 10%. The first is Chase and second is Real Time Resolutions. Bank of America sold the second during the transaction. The first is a VA. The second seems to be sticking with no
Read more…We are considering persuing a short sale. We owe $1,350,000 on the home and the realtor is proposing a listing price of $1,024,900. Mortgage is with Huntington. My husband owns an office building with his father with a mortgage balance of $1,300,0
Read more…I have listing which was with B of A. I procured an all cash offer for 500k. The loan was transferred to nationstar they revalued the property at 650k. I countered the buyer and he came up to 575k. Then auction.com stepped in. They tried to get my bu
Read more…First of all, forgive me, I really know nothing about short sales but I'm going to do my best to describe our situation.
My husband and I put an offer in on a BofA short sale in New Jersey (Sussex County) in June. We've had a hard time getting inform
Read more…Long sad story, my borrower was forced to vacate and rent her home due to financial and medical issues. She struggled to make her payments to Midland for many months and when she could no longer do so contacted Midland about a modification or short
Read more…Question: HUD PFS net minimum guidelines, 88% if under 30 days, 86%, 30-60, 84% 60+: is the number of days based on the date the ATP is issued, offer is written, or closing occurs?
Read more…I have short sale that probably won't go through and it seems that it will be foreclosed on.
Long story short, does anyone know what circustances Cenlar sues for a deficiency judgment?
The home is located in NC. All of my other bills are up-to-date,
Read more…I have a client with a 1st and 2nd lien. today we discovered that the first will be paid off in full -- can I submit to the 2nd for HAFA?
Read more…I know with all the collective experience on this site, someone has to know something about this.
I have a Realtor friend who is interested in buying a home that has been foreclosed but is not yet listed. It is with JP Morgan. What office would she
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