Right now, I like Wells Fargo. Bank of America and Chase are WAY to horrific for me right now, but if you had to pick your #1, who would it be?
Read more…I was the Listing Agent in Ft Lauderdale, FL on a property that BNYMellon foreclosed on while I had the listing. I have someone who wants to put an offer in, and can't seem to find thier Asset Manager or actual REO Dept. Any advice?
Read more…So the SS condo we love we were prepared after months of waiting to let go. We overcame a variety of issues (lower appraisal) but then there were unknown probate issues, and a battle with over a yr of unpaid HOA fees. I even got th
Read more…Hello All, I would like to get your advice regarding the force placed insurance. In this scenario, I was the seller on this short sale transaction. My home insurance was canceled on Nov 9th 2012 when they found out that the property was vacant. But t
Read more…Hi All,
I have a closing tomorrow on a short sale that unfortunately I've been working for almost a year. (two servicing changes!)
So now the day before closing, the closing attorney tells me that First American Title will not allow him to sign the
Read more…Ok Let me give you a little history to this BOA file. Everything has been handled in Equator. When first negotiated the homeowner qualified for HIN plus HAFA so they got both incentives which was submitted to the investor for approval. I received
Read more…I have a HAFA approved short sale, owner occupied where supposedly Fannie Mae is asking for a large promissory note, according to credit union. I haven't seen that in a long time. Doesn't make sense he qualifies for a $3000 hafa credit and then th
Read more…Hi Everyone -
Please help keep our resources up-to-date. If you are aware of new short sale lender phone numbers, faxes, forms, websites, procedures, let us know. If you find a number no longer works or a form is out of date, let us know. Just putti
Read more…As NC Realtors, I list and process my own short sales, but I also process short sales of agents that belong to other agencies. I do this under the short sale negotiating attorney they have retained to help their seller.
I am starting to see a decrea
Read more…Hello:
My X and I are in the SS process of our primary residence and now she decided to file for bankruptcy before it is closed. It's still in the process of being completed.
I would like to know if anyone else has experienced this.
Both of our cre
Read more…Hi: 1. Broker Bryant posted an addendum sent to the buyer, before the sellers acceptance of the contract. I can't seem to find it anywhere. Can someone help?
2. Someone presented a cash offer on one of my listings? With the option to use privat
Read more…Received call from negotiator saying that there is no record of application for loan modification. I have escalated through twitter. Have had file since Aug 2011 and was approved for short sale. Any other advice on what I should do?
Read more…This is a really interesting article by Yves Smith of Naked Capitalism on"FICO's Dubious Explanation of Why It Treats Short Sales the Same As Foreclosure".
The article quotes at length FICO's explanation of the future probability of a negative credi
Read more…We 'process' short sales in NC under various attorneys, and 'negotiate' short sales in TX under our own umbrella (an attorney is not required to 'negotiate' in TX as it is in NC). Sometimes lenders pay all of our processing/negotiating fee, sometime
Read more…Does anyone know the validity of this? Greentree told me that when the file goes to charge off that they can ask for whatever they want and do not have to waive the deficiency. Is this true???
Read more…I have a short sale and freddy mac is saying even though they have a current up todate Apprisal report they want $50k more. Now this is being told threw the servicing company. Does anyone have a good number to freddy mac?
Thanks Matt
Read more…Just when I thought a client of mine was going to be granted a principle reduction through the DOJ $27B settlement, the rug got pulled from under them.
They were initially told they were awarded the DOJ principle reduction a few weeks ago. Shortly a
Read more…Short sale with 3 mtgs. 1st: Fannie Mae; 2nd: GMAC; 3rd: GreenTree. Have all approvals. 1st and 2nd waive deficiency. 3rd states that the Seller is to continue payments after closing. We WERE to close today at 3pmEST. The 1st wants an updated
Read more…Act now before this problem results in your short sale failing and your client being foreclosed despite a full market value offer and months of work on a short sale as a good mitigation solution.
Let your voice be heard,
Please press NAR as well a
Read more…Yes, that's right, I already had the approval letter in hand and everyone was proceeding to the close date. The buyer did their inspection and was ready to move forward. No indication of trouble in Bank of America/Fannie Mae paradise. Today via eq
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