I received short sale approval from Chase. On a Friday we found out the buyer couldn't get the loan. That following Monday we submitted an all CASH offer so we could expedite the close. 3 weeks later, via Equator, we were told a new approval lette
Read more…Anyone have a good contact at SLS? It would be much appreciated.
I've had a short sale file with SLS since April '13. This was originally a B of A loan whose servicing was transferred to SLS (likely as part of B of A's settlement late last year) in
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Good morning Superstars,
Here's a sampling of this week's Superstar discussions.
| Discussions | Replies | Latest Activity |
|---|---|---|
 Banks manipulating appraisals?Just had a nice long conversation with an appraiser who is getting alot of REO and short sal |
I have three Bank of America FHA files that were all "awaiting management review" and ready for issuance of an approval letter that have mysteriously all been closed/declined/transferred and are now being restarted - yes RESTARTED - in Equator.
1 - H
Read more…Can anyone help me to understand why Wells Fargo would approve a short sale to the sellers and also foreclose simultaneously? The short sale we are looking to buy was approved by Wells to the sellers the second week in July of 2013, however, I found
Hello; thank you for making a site such as this open to the public. What a wealth of information!
We are the buyers on a SS serviced by Nationstar. We accepted their negotiator's counter in late May. We received an approval in early August, with an
Read more…Just got this email......
We are excited to announce that Altisource®, a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries, has announced it will acquire Equator. We expect to close with
Read more…Our offer was accepted and submitted to BOA on 07/26. It's now over a month later and NO approval or counter in sight. On 08/05 a BPO was done (supposedly), but we were told last week that they were ordering ANOTHER BPO just barely a month later. Wha
Read more…hello all,
I'm new to short sales and just found myself in a situation where the junior lien holder gave an acceptance date about 25 days short of the estimated closing date.
I am a little bit worried that by the time we reach closing even with the
Read more…Has anyone worked with them? They seem to not have a clue how to proceed with my Trustee BK Short sale. I work all the time with other banks and they flow nicely -- this bank is horrible !! They keep sending me tasks in Equator that I cannot compl
Read more…A true nightmare to be sure, but has anyone ever made a mistake of some sort where they go through the entire close of escrow, money is wired to the servicer(s) and then the lender finds some error on someone's part and they return the wire? Just cu
Read more…I have a client who receives a disability check that comes in for her grandson, on which she is the payee. Does she need to declare this income for a short sale?
Read more…I'm in the process of selling a condo and found out at the last minute there was a lien from Citibank on the title for a equity line the other two owners knew nothing about. The person tied to the loan declared bankruptcy and was removed from the tit
Read more…From a colleague, she asked:
"If anyone has any input working with Fay servicing I would love to hear it! Got a curve ball today from Citi that first was “transferred to Fay servicing” and a refusal to give me any information. Citi stated the borrow
Read more…I brought in a new buyer to a short sale (not my listing) after the previous buyer walked 6 days from closing. Equator said the new buyer (my client) wouldn't have to wait for a new approval as long as the net on the HUD was the same. All they woul
Read more…What's the best short sale tracking software? I'm using Realty Commander but I have to believe there is something better. Any suggestions?
Read more…Now the bank is asking me to sign a Buyer's Name Affidavit
BEFORE ME, the undersigned Notary Public. on this day personally appeared ihe person who signed this Afíîdavil, and
who, after being duly sworn by me, did on his 0r her oath Slate the follow
Has anyone heard of an heir to a property being able to work out a loan mod on a property when not on the mortgage??? The heir is disabled and has applied for disability insurance that hasn't come through yet which would allow him to make the paymen
Read more…In trying to negotiate a short sale approval, the first mortgage holder is on board and is offering a deficiency waiver. However, the junior lienholder refuses to approve the deal unless it receives $75k -- about half of its loan amount. It wants $25
Read more…We are working on a short sale where the title search and MERS shows the second mortgage is with Ocwen. When we call Ocwen and give the loan number they say they don't have the loan. We pulled the credit report and it shows Litton loans as being
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