hud vacant property
Who has the responsibility to maintain a VACANT property?
If the seller is out of state, FHA loan.
thanks
Gina
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1 Reply
Short Sale Discussions (4366)
Short Sale Denied
Hi All
I just got a short sale denied which the bank stated it was because it did not meet FHA Requirements and they processor asked for a variance because it did not meet the 10% tolerance.
What does this mean? The bank could not explain it to me
Read more…Short Sale with a Home Equity line as a second lien holder
Hello Everyone, I want to know if someone can help me.
Am working a short sale with Wells Fargo but the House have a home equity line with Bank of America for the amount of 100,000.00 but the borrower only ows 30,000.00 to bank of america. Wells Farg
Read more…Finding a BOFA 2nd lien
Ok, so I have been trying to find a second lien with BOFA which the 1st is with Shellpoint and IS APPROVED now....Seller gave me a loan # 6690219693- seems like this may be a HELOC? OR unconventional 2nd lien?
Seller has NO mtg. statement
BOFA says t
Read more…Queston? Could anyone share how they market for shortsale?
Hello, Can anyone give me a glimmer into the shortsale world.
I have never marketed for shortsales, Do you?
What has worked best for you?
Which servicers are better than others to work with?
Listings are tough, trying to get some.
Can anyone point me
Read more…Mastermind Group
Would anyone be interested in putting together a short sale mastermind group? I know everyone is in different states but we could come up with a central place to meet?
So many real estate masterminds, but what we do is so specialized I think there w
Read more…How is everyone getting leads and building their pipeline?
Was wondering how everyone is building their pipelines these days. There are still lots of foreclosures in my area but it seems folks arent responding to my marketing attempts like in years past. What are some better marketing ideas? I do mostly mail
Read more…Fannie and Freddie Allow Short Sale Negotiator Fees
This was verified
SHORT SALES AND DEEDS-IN-LIEU OF FORECLOSURE
Effective September 1, 2019; however, Servicers may implement earlier if they are operationally ready to do so
We are revising our short sale and deed-in-lieu requirements in alignment w
Read more…TAKE MY SHORT-SALES (but not my shorts! :) ) in COLORADO
Hello! I am seeking a Denver metro area Short Sale Professional to whom I can give my upcoming 2018 deals as an Independent Contractor Partner. I am a relatively new Real Estate Investor, but very well trained and educated. For me, it's too early in
Read more…Due Diligence Fee & Short Sale
I have just had the most puzzling email exchange with a listing agent regarding her short sale property. Her instructions to buyer agents making offers is to submit a cashiers check/money order ONLY for due diligence, made out to the sellers' attorne
Read more…Tip for Short Sale
When all else fails and you feel that the process on your file has slowed/stopped and servicer is no longer responding in a timely matter contact your local senator's office. They will have you complete a Privacy Act Consent form and will reach out
Read more…Listing question
A seller whom I interviewed listed with another agent. Previously, the seller and I spoke, I asked for approval to speak to the bank and get the preapproval process started. She didn't want to get the bank involved. I think the agent is listing the h
Read more…% liens will take to settle versus seller BK?
Short sale approval/2 liens. Problem is 2 non-related liens for 90,000 and 11,000(credit card) placed on property. 1st lien(Wells/Freddie Mac)will not allow any funds from short sale to go to the two extra liens. Seller has no money.
Seller fed up a
Read more…J.G Wentworth
Does anyone have experience working with J.G Wentworth on a short-sale? Sure could use a direct line to the short sale dept.
Read more…Listing a condo is the Bay Area with a Loan Mod service by Nation Star
I am listing a property with a Loan Modification serviced by Nation Star. Has 2 loans and was told by seller they applied for loan mod and their statement with Nation Star only shows balance from the 1st loan. Ordered Pre-escrow and prelim still show
Read more…Bank of America
Does anyone have any information on BoA dealing with an estate that needs to be short sold (BoA is the 2nd lien). My client wasn’t on the loan but they want my client to send in financial information to conduct a modification review on her before th
Read more…REO Management Solutions
We received a new REO. Has anyone worked with REO Management Solutions? How are they to work with? Do they reimburse for expenses in a timely manner?
Read more…Nationstar’s Fraudulent Price Validation Program (Xome.com)
Has anyone lost a property to foreclosure while participating in Nationstar’s “Price Validation Program” or after being told that there are no loss mitigation options during the 37 days prior to a foreclosure???
This is clearly a scam and i'm trying
Read more…Shellpoint Servicing refusing Short Sale during redemption period after Foreclosure sale held w/o buyer
Submitted all Short Sale docs 5 days before scheduled foreclosure sale. Shellpoint said too close to sale date to postpone sale. Sale held and no one bid on the property. Shellpoint said since sale was held, it is now REO property and there is no
Read more…Need FHA help
Sunwest denied short sale the same time that I submitted paperwork. I have an offer. Filed ticket with FHA but will take 2 days. Sunwest said they will figure out why it was denied and call me back. What can I do? The only thing I can think of is tha
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