We submitted the offer on December 6th, December 27th got the counter from BofA. Counter accepted same day. There is only one lien holder on the property so how long more do I have to wait to get the approval?
Read more…Does anyone have an email contacts that they can share with in dealing with Green Tree been trying to get a short sale approved will be a year in the making at the end of the month.
Read more…Just worked 5 months on a GMAC short sale just to be told that effective Feb 1, our file had been transferred to Green Tree Servicing. I called the 800 # that was given to us and keep get a looped recording. I cannot get through to a live person.
Read more…I have a question for all the superstars out there who have some experience in this topic.
When a seller has filed for a BK and it has been discharged decides to do a short sale, how long after the BK is the seller exempt from disclosing financials
Read more…I'm stuck and can't get a unbiased opinion. I bought my condo for 260000' I owe 180000. I can make payments but don't know if it's in my best interest to stay or just "reset". Originally wanted to hold for a couple of years and either sell or rent it
Read more…I have a situation where the second mtg/HELOC will NOT approve the short sale stating the first mtg MUST approve first.
Then the 1st mtg is stating the second mtg/HELOC MUST approve short sale first per HAFA guidelines.
I have searched everything I c
Read more…Just received this from BOA: Please be aware, the lien on this property is scheduled for sale to a new Investor (non Bank of America) on 1/31/2013. This Sale will need to be closed by 1/29/2013 as we need to review and approve the Closing Docs, and r
Read more…Does the FHA cap past due condo dues? i have their sheet that says they pay them but the negotiator is saying they'll only pay $2500 which is part of the homeowner incentive. We are looking at $9000 in condo dues and when I look at the sheet of wha
Read more…Hello all,
Has anyone had success with Ocwen or Bank of America allowing more than $6000 to second lender?
I contacted some of the Ocwen people listed in other forums, and I am now told that BofA (the investor) may allow 10,000. The loan was origina
Read more…I am buying a BOA FHA short sale.
Under contract in July.
Approved on Dec 19. BOA gave us 5 days to settle. There was no way my lender could get me to settle that quickly. We filed an extension.
Jan 29, my lender was ready with funds ready to be
Read more…Is the market such that you (buyer) always has to put 20% down now. I know a lot of complexes are not FHA approved anymore, but we were not originally going for an FHA loan. Now the problem we are running into is that a lot of condo
Read more…I have clients (husband and wife) who have an LLC and want to purchase the wife's parents 2 properties through the LLC. Any advice? The wife still carries the same last name (maiden) as her parents and many times I see banks asking for their Articl
Read more…Good morning! I am assisting a homeowner in doing a short sale on their property in which they have owned since 1984. They refinanced in the early 2000's and then took out a HELOC to do some renovations to the house. They do have a financial hards
Read more…We have a straightforward real estate transaction that we would like to complete. This is not considered a short sale. However, an IRS lien attached to the property does indeed make this a short sale if paid off in full.
I've done some research and h
Read more…I have a B of A, FHA short Sale. The seller is out of the country and the house is vacant. I noticed that around the middle of December the 2 A/C units had been stolen. The seller has maintained his home owners insurance so we called and filed a c
Read more…I am buying a short sale. The short sale was approved on Dec 19, 2012. My mortgage broker is saying we can settle on Jan 30, 2013. I am afraid that is too long and BOA will back out and take back the approval. Does any one have any insight as to
Read more…I have a BOA short sale (Fannie Mae investor) that REDC is servicing. After a couple offers that fell apart REDC gave me and approved list price of $107,200. Mid Nov I received a full list price cash offer that I thought would go right through -- Wro
Read more…Hi everyone. I am so sorry I keep posting here, but we are trying to buy a short sale, and even my realtor said today, if its not one thing, its another. After the SS bank approved everything, now we find out there are probate issues
Read more…http://josephalfe.com/2013/01/short-sales-up-or-down-in-2013-yes-maybe-or-something/
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Short Sales Up or Down? Yes. Maybe. Or something
Somebody once said, “There are lies, damn lies and
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