Hi everyone -
I have a pair of homeowners who have had significant income loss and want to sell their home. B of A is telling them they need to do a mod rather than a short sale - is there any direct path around this requirement and is it a true
Read more…I have been a BAD AGENT. I am getting a call from Nationstar and Auction.com tomorrow for not wanting to cooperate with there short sale COLLUSION. This call is to take place around 11:00am PST. Anyone want to give me some darts to throw their way. I
Read more…A short success story.
I fought Nationstar on Auction.com and won. Lots of research on this forum helped and I even got a call from an agent in another state that really helped guide me. The short story, we (the buyer) were in contract with money
Read more…Does anyone know anything about Sellers shortselling their homes and leasing them back? I was always told that banks will not allow the sellers to rent the homes back to the sellers but I keep seeing this on Facebook https://www.facebook.com/helpsha
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Would 4 years trying to close a short sale be a record ?
I have a listing in new Jersey that received its first offer back in 2009
We gave the offer to an attorney to process and 6 months later the buyer gave up
In 2010 we got another offer a
Read more…Happy Friday all SS superstars! I'm beginning a short sale with M & T bank in AZ. Does someone have a M & T, 3rd party authorization form or are we to make up our own? Please share SS experiences with this bank! Thanks
Read more…What is going on with these lenders?! I had 6 different CitiMortgage team leaders tell me that they are unable to review a homeowner for their ATP because there is no offer on the property (even though they verified they have a complete package excep
Read more…I apologize if this topic has already been discussed. . .seems that we in Georgia are the last to know about new program roll outs. . . Anyhoo, just got a call from DTS - I work with their COOP and Fannie outreach programs. They are going to be roll
Read more…We have a new sale that came in and it went from Vericrest to Caliber. Haven't dealt with them so we went to their site which directs you to res.net in which you must sign up and pay $30 month to use the software to negotiate the sale???
Anyone h
Read more…Does anyone know how when the buyer is purchasing a short sale with a VA loan an Attorney fee of 800.00 for obtaining the approval(s) & an Attorney processing fee of 895.00 can be paid by the buyer ? I know it cannot come out of the 3% contribution b
Read more…We received Chase's approval letter the day before the file was supposedly transfered to SPS.They tell us that we have to wait 15 days so the SPS gets up to speed on our short sale. Is there any insight on what to expect from SPS. Will they honor the
Read more…Good morning Superstars,
I listed a short sale in Snellville, Georgia. The best offer we received was a cash offer for 113k. Comps I used when determining price came in between 110k and 115k, so this is a reasonable offer and we submitted the offe
Read more…Fannie Mae and Freddie Mac are now dictating market time. Short sales that are Fannie Mae or Freddie Mac loans must be active in the MLS for five days, including one weekend period, before an offer can be accepted by the seller.
Read the article. ht
Read more…I am working my way through a PFS through Chase. The buyer whose offer was just accepted is getting Sharia Compliant Financing. The financing requires an assignment of the purchase agreement to "A Trust To Be Formed". I've dealt with Sharia Compliant
Read more…I am looking for any insight into getting an approval extended without starting all over. The file was initially approved on May 15 (one loan, fannie mae, GT servicer). The buyers' lender has had a heck of a time getting the financing together, but t
Read more…Hi Superstars,
Were you able to catch the webinar,"How to Set Up Your Lead Nurture Campaign to Grow Your Real Estate Business", last week? If so... I hope you found that what Granison Shines, CMO of Direct Business Marketing, had to share was valua
Read more…We have negotiated a successful short sale with PNC on the same property for the 4th time. First two buyers walked due to repairs that the property needed. Third buyer was diagnosed with a terminal illness shortly after approval. Finally got a fou
Read more…I just received an approval from Wells, the problem is they are not willing to contribute funds to either of the two credit card judgments on title. The negotiator said their policy is not to pay any unsecure judgments. The seller and buyer do not
Read more…Good morning Superstars,
Take a wild guess as to how many Real Estate Agents we engage with that DO NOT have a lead nurturing campaign!!! 3 outta 10 – Wrong! 6 outta 10 – Nope! How about 8 outta 10! Yep – you read it right, 8 out of 10 Real Estate
Read more…Any thoughts on how to deal with B of A - Servicer and Wells Fargo - Investor on a Short Sale are appreciated. I am Listing Agent for a Home and guest home built in the 50's without permit - now in pretty bad condition. Main home can be saved at con
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