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If any realtors start anything to speak out about the practices of auction.com please count me in.

Unique Short Sale - need feedback

I have some sellers in a unique situation and I realize that much of my question falls on the BK question which I'm researching - but I wanted to throw it out there for opinions, feedback and advice.

House is worth 250K - notice of default filed in A

FREE Short Sale Decision Maker Application Download for Mobile Devices!

Just wanted to tell you guys about the FREE Short Sale Decision Maker App that is now available for download for I-Phone, I-Pad and Android Devices. All you have to do is go to your App Store and search under either "Short Sale Decision Maker" or "

Short sale facilitation

Hello everyone,

With all the new investor guideline changes and delays at most banks, short sales can take way too long. If you currently are processing them yourselves or looking for a change in team, please reach to me. I have processed and negoti

Chase Short Sale Addendum.. Anyone??

I have a full short sale package submitted to chase along with an offer and hud-1.  They ordered a bpo and an appraisal about 2 weeks ago.  I checked with Chase yesterday and they have the bpo, they are still waiting on the appraisal.  Other than tha

Needing Help! Both 1st & 2nd want the approval letter from the other

I have a 1st with Nationstar (Fannie) and a 2nd with a Schools (local credit union). They are both requesting the approval letter from the other before they submit the package. I contacted Fannie who directed me back to Nationstar. Nationastar will n

Happy Birthday to our resident expert Kevin M. Lancaster-Willson

Make it a great one my friend!

Just submit any offer or wait for the RIGHT offer?

I've had MY way of doing short sales for the past 7 years.  I think my way works, but I am always open to new ways of doing things, and new opinions.

Recently, I've had a couple agents (and an attorney) suggest a 'way' that I feel is not in the Selle

Financial Freedom Reverse Mortgage

I am working on a Short Sale with Financial Freedom and it is a reverse mortgage estate sale. They are tell us they will only pay 4% commission. This is a FHA mortgage does anyone have a contact person with FHA I can call and check on this.

Tenants Purchase Short Sale

What if a tenant has been renting a home for 10 years when the owner decides to stop paying the mortgage company and moves to Bermuda, can the tenant purchase the property if the seller agrees to do a short sale? Will the bank (GreenTree) allow this?

GreenRiver Hired by M&T but needs my Seller to sign an Authorization?

GreenRiver Financial was hired by M&T bank to handle the short sale on M&T's behalf; however, GreenRiver needs my Seller to sign and authorization allowing them to communicate with M&T. . .This just sounds WEIRD to me!! Why would M&T hire a vendor an

Has anyone dealt with Nationstar after a property is returned form auction.com

Hi,

I am a buyer with an accepted bid on a short sale property.  I think my offer is right at market. The property was on MLS twice.  I am the highest bidder, right at the first asking price from early 2013. Nationstar used my offer as a trigger to p

Bank of America and LRC deny short sale because of TYPO !!!!!

 I just got this from Equator : Your request for a traditional short sale is denied due to the file failed QA .

Page 5 on the purchase contract needs to have zip code and the buyers name needs to have Jr. on every page , You would like to re initiat

Flagstar FHA short sale condo HELP!

I am trying to assist a family member with a disability who has been waiting on a Flagstar FHA short sale condo since October 2012.  The seller does have the ATP from FHA, however I do not know when it was first received.  I know an updated one was n

Fifth Third cutting commission

FHA short sale, 1st is BOA, dual agency.  BOA has approved 6% commission.  2nd lien is with Fifth Third and they are accepting the $2500 to release their lien but will only allow 3% commission.  Even though they understand that they won't get any mor

FHA B of A loan mod

Hi Everyone -

  I have a client who has requested a short sale from B of A (FHA) - per their waterfall they have offered her a Partial Claim, lowered her payment less than $1 and told her she san afford to pay her mortgage.  Surplus they arrived at

Compass Bank Short Sale Negotiation Deficiency

BofA rejecting short sale due to audit of loan origination

I have been in a short sale for almost a year, the bank continued to decline our offer due to price, we came up to price and then they rejected it due to non-arms length transaction, I escalated to legal and this week they are stating it is not the b

Chase Outreach is now denying seller of 20k how to escalate

Seller recvd letter for incentive.  We sent in the listing on Nov 20 letter expired nov 23. 

I have documentation of who I spoke (name and extension) to and when to verify receipt of the documents but Chase is saying they only have a record of recvin

Need insight into a Citi short sale

Hi everyone:

Our office is representing the buyer.   Our original offer of $120,000.00 was at list price and accepted by the seller.  Listing agent submitted the file and we waited.  About 2 months later, Citi countered at $130,000.00.   The buyer c