I had a cooperative short sale with one of BOA's short sale departments in January 2013 and they offered $7000 for seller relocation incentive. For some reason (beyond me) the sellers decided to hold off and I had to end the short sale. I called the
Read more…The Arizona market is hot right now and it seems to be the norm here for "short sale listing agents" to work for a single Investor/investment company that buys the properties... the properties are listed and placed under contract simultaneously, and
Read more…I just got an approval letter from Franklin, 2nd lien, saying that they will only release the trust/lien, but will reserve all the rights to pursue the defiency. I have called and tried to talk to a manager and he said that Franklin DOES NOT waive t
Read more…Does anyone know what's happening regarding guideline changes on May 28, 2013?
I just received a short sale approval letter, saying we have to close escrow by May 28 (that's in 7 days!) even though the buyer is getting a loan. Negotiator says it's du
Read more…Good morning Super Stars,
I need an escalation contact at Wells Fargo. I listed a property for 220k. Wells countered back with 235k. The buyer increased his offer to 235k and the short sale was approved for the 235k and we received the approval l
Read more…I am currently representing a seller who has applied and been approved for a HAFA short sale (the servicer is Chase). An agent who has a buyer that wants to put in an offer was told that the buyer would have to complete inspections and get mortgage c
Read more…We had full approval from Five Lakes Agency for a second loan with Chase. We were scheduled to close May 10th, and had to extend/delay closing which Five Lakes negotiator submitted to Chase and said would be able to do.
We now have all buyer funds in
Read more…Has been done a recent Shortsale with Wells Fargo.I have one u/c for $700k.Seller is a recent former WF employee.His agent was told not to use Equator due to the fact he was/is an employee of WF.Seller
has a deed-lieu.Email from lender says get more
Read more…Has anyone here gone through the Chase Priority Partner Short Sale training? I did mine months ago. Got a couple leads that fizzled quickly. However, I have a Chase short sale which I acquired on my own. I have been waiting six weeks to hear some
Read more…With all of the changes on Fannie short sales, I want to be sure I have this straight.
My client has been offered a Fannie short sale and an appraisal has been done. (It's waaay too high, but that's a separate issue I'll deal with.) Anyway, from the
Read more…So I had my short sale closed about 5 months ago and I still see it on my Chase acct home page with my credit card acct.
So I called them last month and one person told me it's closed and to give it a little time as they are just finishing up things
Read more…I have a BofA short sale... We just got the approval letter.
However, we cannot figure out where it waives the deficiency. When I ask BofA they point to a sentence in the FHA Mortgagee letter from 12/24/2008 that waives a deficiency in event of Fore
Read more…Hi superstars! FHA short sale...BofA states they are no longer allowed to order 2nd appraisals, after the first one has expired (it was completed over 6 months ago). Stated they are only allowed to request a variance to extend the ATP.
Of course,
Read more…I have my $300 check - haven't tried to cash it yet - have 30 days to see if this U.S. gov't check will bounce, like others. I don't know which of my property losses this $300 is to "compensate" for bank, uh, misdeeds.
So, if you would like an explan
Read more…All -
I have a client who is taking a job out of the area and has a 1st with Citi and 2nd with GreenTree. The second is about $68k and the 1st is approved with $8k going towards GreenTree. I get a response today that the only way GreenTree will a
Read more…I have been dealing with a SS with Everhome mortgage. I am on 3rd buyer. Because of inefficiency of Everhome buyer's backed out. Third buyer took them months to approve for higher price than 2nd buyer. Approval letter stated closing 5/31/13. I ha
Read more…I have someone that needs to do a short sale but their loan is with Northern Trust. I can't find any comments about them. I was hoping to find someone that had a successful or unsuccessful short sale experience with them?
Read more…
**********************************
like buttons
************************