This is a great article that I have read and re-read. Kudos to Bryant Tutas for writing and sharing it.
From "Short Sales Are Serious Business And Require Serious Minds"
Posted by Bryant Tutas on May 23, 2012
http://shortsalesuperstars.com/forum/topic
Read more…10 days after closing a short sale, I recieved a call from a preservation company that they had orders to change the locks. I told them the home was sold and closed. Two hours later, the preservation company called and said they were afraid to tell m
Read more…Has anyone had success in getting an expired HAFA (time line expired) extended, re-approved etc>
Thanks!
Read more…I have a property that has been approved by Ocwen but have two additional liens that have to be paid off prior to closing and the seller doesn't have the money.
Here are the details:
1st lien - HOA 9k discounted from 11k. Ocwen will pay 6 months w
Read more…I've got a BOA/HUD short sale approval but 2 junior liens (a local bank and a mechanics lien, both have judgements) that won't accept the $1500 ($750 each) offered by HUD/BOA. The homeowner filed bankruptcy last year but the liens weren't removed b
Read more…Gosh Super Stars, I have really been beat up this week by all the banks!!!
This question is not a short sale question, but a home modification question that I want to find out if this situation has affect any of you.
My client started the home mod p
Read more…Just received a short sale approval letter stating escrow has to close no later than May 28, 2013 (in 7 days!). Negotiator states it's because of "...some upcoming guideline changes" so they're not able to get approval letters past the 28th. Then th
Read more…Hello:
I completed a short sale a few months ago and I see that the lender filed a deed called Certificate of Satisfaction.
What does the certificate of satisfaction mean?
Are they waving their right to pursue for the deficiency amount?
Any help
Read more…Ok so how about some feedback on this one. I listed a short sale that was originally a WaMu loan and the seller is getting 20,000. Beside the point of course, but here is what happened. I submitted an offer by way of Equator and after the appropriat
Read more…Of course I have an approved short sale in closing and the title company comes back with a nice request :
Find the missing assignment from the PREVIOUS owner of property, not my client, a New Century mortgage from 2006 discharged by Wells Fargo/ASC
Read more…I have a situation where a disable veteran was transferred to another area with his job. He is trying to short sale his home. He is not behind in his payments but upside in value. The first is fine. The second which is with 21st mortgage wants
Read more…HSBC Shortsale home is in Miami, Fl
HSBC owns the loan. There were two BPO's done last week. We feel we are getting close. Do you guys how much longer before we an answer.
I been reading the forum and it looks like HSBC works well what is your experi
Read more…This is a New Jersey Short Sale Transaction - After battling with NS about not getting a property on their fraudulent Auction.com, we later found out the underground oil tank soil test came back with a light contamination result. We approached the l
Read more…Chase picked up a loan the first week of March from Met Life. We turned in a full package the first week of March as soon as Chase assigned a loan number to the loan. A foreclosure sale date was scheduled for April 30th, which got postponed to May 14
Read more…I've been working on a deal that involves BOA and 5/3. Suppose to close this friday and now the only thing that is holding this up is 5/3 sent over an approval letter that states they would agree to release the lien for a sum of $6,000 but in their
Read more…My wife and I have had an accepted offer from the seller since January 23rd, 2013. BofA came back to us multiple times in the first few months of the transaction and asked for additional signatures, modifications to the contract, etc. and on March 1
Read more…Help! We have all buyer funds in and ready to close and now Five Lakes Agency on behalf of Chase on a second, cannot be reached by seller's agent. We had to extend close of escrow by a week, and have been trying to get extension in writing from Five
Read more…I had a homeowner call and ask "Did she have to keep paying on the Promissory note that she signed 5 yrs ago before the Mortgage Debt Relief Act ? I did refer her to an attorney instead who is a CPA and Atty. What would you have done?
Read more…Have a short sale that is going on forever. We got the listing in Feb 2012. Got a buyer within a month. April the negotiator sent a response to the WRONG EMAIL, so we never got the response telling us the deal was approved. Then buyer walked in July.
Read more…
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