I have a homeowner that is short selling their investment property as they can no longer afford to keep it. In the process of listing, the tenant stated that they had been thinking of buying -- does someone have an arms length affidavit from BOA -- B
Read more…I have a short sale that was just denied today by Freddie. Servicer is Flagstar. The borrower is married to Active military (husband not on loan). Husband received PCS orders for relocation in June. Flagstar told me today that Freddie denied the s
Read more…I have a seller who was living in his house up until the time that he moved in with his girlfriend. He was renting his house out until the tenants stopped paying we are going to short sale the property. As for the 1099 will the property be consider
Read more…Property had 1st and 2nd, in judicial state with 90 day redemption period, went to sale, buyer still on board. If lender accepts the offer for the redemption amount, or less than the redemption amount, is the 2nd no longer an issue or do they get pai
Read more…I am struggling to get my SS Neg to communicate at B of A. They have already assigned me to a new one that is no better.
The short sale is an FHA short sale. When I call I never get a response. Same with email. If I complain all the way up the f
Read more…I've seen some old threads on this...but I wanted to hear some updated answers.
I was in real estate for years - have negotiated tons of short sales on my own. Now I work for an attorney and I am negotiating short sales for agents that close with our
Read more…I have a Wells first mortgage, PNC second mortgage short sale. The first is a Fannie Loan. PNC just sent us a form they want my seller to sign saying they agree to pay the loan in full.
Question: Has anyone had success pushing back on this? Would the
Read more…valuation disputes..if agents would like to join in on this very public site, maybe we can get some attention? I have posted my latest dispute..they have commented..lets keep the converation going!
Read more…I have been working this short sale for 6 months. BofA countered and the original cash buyer walked. I advised the negotiator that I had a new offer at the investor ask of $185k and he closed the file violating BofA's policy of submitting a backup w
Read more…I have been working with clients for over 6 months on a loan mod. A ReMax agent has been calling them telling them she IS their Short Sale agent ASSIGNED by B or A through DTS. She showed up at their home with B of A SS paperwork and told them they
Read more…I have heard anecdotal stories that there does not have to be a delinquency however, I have no experience of this. I do have 3 listings coming up that the borrower is not behind ... can anyone share their experiences getting either rejections or appr
Read more…Hey everyone,
I did a search on the topic only to find posts from three years ago.
I got a short sale and after getting the prelim it shows that there are two credit card liens on the property.
Also the owner had already filed BK that was discha
Read more…Big opportunity here...ANY ONE who was in the foreclosure process during 2009 or 2010 with one of the 13 participating servicers are going to be receiving payments, even if they completed a short sale!! Most short sales, especially in those years, we
Read more…Hi everyone.
Does anyone have a good contact number for Franklin American Mortgage Loss Mitt?
I always get sent to customer service and they are no help at all...unless you enjoy sitting on hold for nothing :)
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I had heard horror stories about PNC...thru tons of threads on the internet and this site and other short sale help sites and forums..so when I had a past client call me pleading me to help her sister in law who had a short sale stuck for about a ye
Read more…Being persistent is the only way to get short sales to close but when I got BOA's latest request I was floored.
Sign Purchase Contract for both real estate agents - No - against contract law in IL
Have individual names on Hud-1 - Against IL Real E
Read more…Hi everyone.
Anyone have good contact info for Franklin American Mortgage? Especially their Loss Mitt Dept?
I always end up talking to customer service and they are little help :(
I have never had such issues trying to talk to loss mitt!
Any input is
Read more…DTS has been running ramped in my area contacting any realtor with a listed Bank of America loan, any one else experiencing this?
Read more…I am a seller with a Ginnie Mae VA loan with Wells Fargo as servicer. Do I need to be delinquent on mortgage payments to get approval for short sale? Also, Wells Fargo told me that Ginnie Mae is the investor for my loan and thus responsible for de
Read more…Hi everyone. The last month and a half has been a whirlwind. We put an offer in on a condo and it was accepted, and things have just been moving. Closing is on Tue, I got a break down of my closing costs. Thanks to this forum....
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