I am working a short sale with a 1st lien with Ocwen and a 2nd FHA Title 1 Home Improvement Loan with Service Finance Company. I have never worked with Service Finance Company before and when I called them yesterday to inquire about their short sale
Read more…Almost 7months ago we put an offer on a distressed short sale home.
( Not sure if I am using the term distressed properly because what I mean is an abandoned old summer cottage that needs significant amount of work to make it liveable. The value is
Read more…Is there a White Knight out there?
Lenders completed the appraisal 4 weeks ago.
They said it been PFS review since 4/1/2014.
So what is PFS review, how long does it take and who is the investor for this?
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Hello, my client owned a condo lived in it for 6 years. It was her primary residence. Then 2 years ago she bought a home and moved out of the condo into the new home. She was unable to sell the condo since the values have dropped so much. She pu
Read more…Good afternoon Super Stars:
Please I need your help regard the approach you guys use in pre-foreclosure knoking door leads prospection. I live in Homestead, Fl where 80% of properties are in foreclosure. Please shoot me your ideas. I will appriciate
Read more…I just received a call from RE/MAX International Headquarters. Bank of America is working directly with RE/MAX to do a pilot program for FHA sales via Equator. I think this is the first time EVER that I've been unhappy that I didn't have a BofA FHA
Read more…Our loan was transferred from Homeward to Ocwen 10 days ago. Before it was transferred HUD was approved by Homeward but no approval letter given. We immediately contacted Ocwen and sent the whole package again. This week Ocwen said it was close to be
Read more…A team of enthusiastic and focused, educated and seasoned professionals who consult and advise our clients to smartly invest and timely sell their real estate holdings. We achieve this by partnering with and listening keenly to our clients. We becom
Read more…General Questions;
Since 2006 when Short Sales the norm;
1) Have you been asked / told to cut your commission?
2) Did you agree to do it?
3) How much income do you estimate you have been denied / lost since 2006?
Read more…We are entering into the process for short selling a home that was refinanced under the HARP program. The one and only lender is Provident Funding. Does anyone have any experience with short sales and this lender?
Read more…Is anyone familiar with this company they are out of Boca Raton Fl. They also go by the name of First Fidelity Loan Servicing. Apparently they acquire loans from PMI companies such as Radian. It looks like they have fallen of the map as we sent all
Read more…I am currently working on a short sale right now where BECU straight out denies participation in a HAFA short sale because they don't allow the seller to receive any money at closing. BECU is the 2nd on the property, Seller has been divorced and wen
Read more…Any experience with the release of the VA Eligibility after a short sale with full release of deficiency? Need to verify whether or not VA will release in order to use VA eligibility in the future. Yes/no; timelines?
Thank you so much!
Read more…Hello Everyone,
I am not an agent. I did a short sale, which was concluded in June 2012. It was with Wells Fargo and there was a PMI company (Radian). They wanted a check at closing, which I provided. I did receive a letter waiving deficiency j
Read more…Short sale initiated with Citi & SECU.
Seller owes $124,000 - CITI $99,000 & $25,000 to SECU (State Employees Credit Union) FMV is $55,000. We got multiple offers and the seller accepted a $60,000 cash offer
We assumed Citi was in 1st position & SE
Read more…I was in the middle of a Co-op short sale, it was accepted and the deficiency was released.The buyer walked, another cash buyer came in 4 days later with the same offer. BOA accepted the offer, but now claims the short sale was "moved" to a traditio
Read more…I just had my second short sale decline in one week. Seems pretty strange maybe its the weather here in cloudy southern california or the water these negotiators are drinking.
Both short sales the sellers were current one had a legitimate hardship(o
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Good morning Superstars.
Will you be joining us for the Short Sale At Sea Symposium this year? We'd love to have you.
If you are going pop me an email to shortsalesuperstars@gmail.com
Hi All -
I just learned that FHA has denied a short sale because the indemnification has expired. The processor (Wells Fargo) couldn't really explain what that means - but he said that means the sellers won't be able to do a short sale or a deed-in
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