Hello, I am going through my first AS-IS, short sale transaction (as a Buyer's Agent) and would like to know who is responsible for turning on water services at property? Property is vacant. The Lender has winterized the plumbing supply in the hous
Read more…Hello anyone have any experiance with these. I am a buyer and put in a offer in one and offer was accepted by seller. Listing agent said this is a hafa shorsale allready apprived by bank and listing price was given by bank. Anyone know Iif this means
Read more…First time with PNC as 2nd lien. I have tried googling to find any good discussions on this but most are at least a year or two old and not ending well. They are requesting a high amount to allow us to short sale. $64000. CASH. Just need a few tips o
Read more…When we initially signed the contract we were told that even though this is a short sale it will NOT take a long time and the process was going to be very smooth.
It has been over three months and we have yet to get a closing date.
We had to sign an
Read more…Just had a nice long conversation with an appraiser who is getting alot of REO and short sale appraisals. Out of frustration, I called him to seek understanding of a recent appraisal that we just got for an REO property. The property is worth 450,0
Read more…Been in short sale process since April. Just received this from negotiater - How much longer will this delay the process???? Once the loan is 31 days delinquent, the lender stated, at that point she can issue an approval letter provided that all the
Read more…I need some help for a friend's son. He is in active military, bought a property with VA loan. Mobile Home and about an acre in Hinesville, GA. He has long been moved away, and will be seconded to Alaska shortly. Good mortgage payment history, no
Read more…I've been seeing more servicers force a loan modification review on my short sale clients. I mean clients that have no interest in retaining the home, haven't asked for a mod. This wouldn't bother me a bit, if they didn't stop the whole short sale re
Read more…Anyone have a good escalation number for Ocwen? I am having a really tough time with their collection company Nationwide on 2nd lien.
Read more…Hi Superstars
BOA FHA short sale. BOA did FHA appraisal in February & pre-approved sales price. Approval letter received for closing by 8/30.
Buyer's appraisal (Suntrust Bank--conventional loan) came in $5,000 below contract & approval amount.
Any
Read more…I have been on the Wells Fargo merry go round since 9/2012 on a home that has a FHA loan and a very small second for $5,000 with a local lender. I can not get Wells Fargo to process the file to approval (never issued an ATP) and I have had 3 buyer w
Read more…Per the FHA Guidelines, the borrower must first apply for a modification and get denied. If the borrower previously applied for a modification was approved or denied then submit the proof of the denial or approval of the modification. The only way
Read more…Has anyone else been having problems with Nationstar they took over a lot of loans from BOA I just received a counter offer on a property (short sale) they want the seller to come up with 36k and also came back 23k over contract price which area is n
Read more…I am in the beginning stages of imputing a Fannie Mae short sale into equator they are asking for a "lien approval letter". Any idea what they are looking for?
Thanks
Mike
Read more…An old client recently completed (4 months ago) a loan modification, with a significant principle reduction to his loan, giving him approximately 75k in equity. He now wants to sell.
What if any issues might he have by selling soon after his modifica
Read more…Hi, this might be a silly question but is the New Duel Tracking (Homeowner’s bill of rights) law Nationwide or just in CA?
Do you know if it applies only once you have a short sale or modification approval?
Thanks for your help.
Read more…Hi all,
I am a buyer and just curious on what other peoples experience with Nationstar has been. I put an offer on a home Oct 2012. At the time the loan was being serviced by B of A was sold to Nationstar the first week of Dec 2012.
I've feel like I
Read more…I have a client who has changed her mind to sell her property and instead wants to rent it. The fee the MLS charges to withdraw is $25. I have heard other agents say they have passed the fee along to the seller. Has anyone else had experience with th
Read more…Confirmed today the 3rd party was received and provided name of negotiator who would call today or tomorrow. Within minutes the negotiator called and said he needed the 3rd party and listing agreement. (it was just confirmed by rep who provided me
Read more…
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