How handling 1099C's now. With no Mortgage Debt forgiveness?
Single family/owner occupied.
Can IRS982 for insolvency still be used???
Need information for family considering short sale.
Thank you!
Read more…Single family/owner occupied.
Can IRS982 for insolvency still be used???
Need information for family considering short sale.
Thank you!
Read more…Any one have any experience doing a short pay off with Ocwen & Shell Point?
Read more…Back in December My wife and I put in an offer on a Short Sale. Yesterday my Realtor advised us that the sellers bank had completed the appraisal (Original loan is a VA loan) and our offer was too high. They advised us to re-submit for $40K less than
Read more…Does anyone have any contacts there? The loss mit/short sale department doesn't take calls. its been 3 weeks of us calling every day and not even able to escalate. They just keep saying they will "get back with us" HELP!!!!
Read more…Any high level SLS escalation contacts? Urgent situation and need another pair of eyes to assist.
Read more…I have a 92 year old seller who is now in the hospital. He has a reverse mortgage. I've submitted all docs to NOVAD who was to forward to HUD for approval. Initially NOVAD said it would take approximately 2 weeks to get approval. We are closing in on
Read more…Seller has not lived in home in 6 years and renting to relative. Seller lives in an apartment in another city. Will Wells Fargo still come after her for the deficit since she no longer lives there? How this will be treated for tax purposes?
Read more…The lender for the buyer wants the seller to sign a seller affidavit and acknowledgement. It seems pretty standard to me. However the seller is reluctant to sign it. The lender will not close without it being signed. The short sale negotiator is not
Read more…Appreciate any information,
Have approval from Ocwen and BAC on a short sale but Ocwen's arms length affidavit states buyer cannot resell for more than 120% of short sale price until the 91st day after the sale. I explained that I already sent them a
Read more…Hello all,
I am doing my first short sale in Brooklyn through SPServicing. It’s been going smoothly thus far with submitting the paperwork. However, the servicer has not accepted our preliminary sellers disclosure twice now. Both comments are “The ne
Read more…I have a client that lived in a home back in 2012 and moved out due to a new job out of state. She then tried to sell but was not able to and resorted to renting out the property. Fast forward, the tenant destroyed the home and it is in pretty poor c
Read more…Hi.
im in middle of a short sale, with shell point.
the property is sitting vacant for several years. No electric or running Water. And in need of repairs.
but that doesn't help me. Shell Point is refusing to order a Bank ordered BPO.
I raised my o
Read more…Looking for a VP contact info of short sales department at Suntrust Bank in Florida.
Can anyone help? I'm about to lose a buyer for a $1.4M house.
Read more…Hi all - I was advised by Ditech today (10/11/17) that any short sale that is currently under review with an INCOMPLETE or PARTIAL submission package (even outstanding document request) would be pulled from short sale on 10/15/17 and referred to loan
Read more…Have a short sale where 1st is with Shellpoint (getting full payoff) and 2nd is with Bofa. Have been trying to get foreclosure sale postponed for last two weeks and is currently scheduled for tomorrow. Anyone have a good contact with Shellpoint who
Read more…We negotiate and are educators in Massachusetts and New Hampshire but I would imagine this goes for all MLS platforms.
SERVICE
ANNOUNCEMENT
ATTENTION: ALL REAL ESTATE BOARDS, BROKERS, & SALESPERSONS
We would like to alert you to a serious conflict w
Read more…There is nothing worse then getting a short sale approval letter and then ordering lien and title to find you have liens/Judgments to negotiate. Especially if there is an IRS lien which takes at least 30 days to set aside the lien from the property.
Read more…Has anyone ever ran into this problem doing a short sale?
Short Sale Denied because:
After its review of an FHA Roster appraisal, a mortgagee must submit a Request for a Variance through the Extensions and Variances Automated Requests System (EVARS)
Read more…Anyone have a contact at HUD/FHA whom I can contact to get it PP?
Wells Fargo is the lender and saying they will NOT PP because not enough time to review the offer.
Read more…