I got a Listing where the lien holder is Bank of America. The owner moved out and the bank changed the locks in the property. Can I still show and sell the property? The sale date is December 28, 2012.
Read more…We got final Approval from BoA as the first, and the approval letter from RTS (the second was sold to this collection agency). We were to close yesterday. On Tuesday BoA insisted RTS send an email specifically waiving deficiency per the investor Fr
Read more…Hello all and happy Holidays.
Is the buyer entitled to see a copy of Fannie Mae approval letter?? I feel like before going forward with home inspection and such that a copy of the approval should be provided.
My daughter is involved in purchasin
Read more…I am buying a short sale. BANK OF AMERICA FHA.
Been under contract since July 2012.
BOA had me sign and addendum promising that I will settle on or before Dec 23, 2012.
So I told my landlord I would be out by the end of the year. He found new ten
Read more…Hello short sale experts!
Wanting to get some opinions on the extension of the mortgage forgiveness debt relief act beyond 2013. Although we were able to avert the fiscal cliff last week, the large federal deficit calls for more budget battles ahead.
Read more…Bank of America is asking for a BAI (buyers acknowledgment of Interest) form, has anyone used it before, any issues with it?
Thanks
Read more…Need 2 agents in Mendocino County and Monterey County to refer short sales to. Please email me jessica@keysignaturegroup.com.
Read more…Really need some direction here:
After 1 year, BOA seems to be able to get a formal approval letter but will want to close in less than 30 days.
However, I have GMAC who is the 2nd lien holder. They can be quick.
But looking at the timeline, it does
Read more…I am an investor and recently a property caught my eye.
A similar property in the same community I really like was available some time back but I walked away from that deal due title issues and mold issues.
This one is a bigger unit, an end unit, a
Read more…When I began this short sale I submitted the package to Wells Fargo and US Bank at the same time. Wells Fargo came back and said the short sale was denied because they would be paid in full from the proceeds of the sale. It took 6 months to get the
Read more…I know they are harder, and even though we got thru the short sale hurdle (that was easier compared to whats going on now), but now I figured out exactly what is holding up my end (there is unexpected probate stuff on the seller's end tha
Read more…I came here tonite to ask a question..then 'heard' answers from some of the awesome agents I have conversed with, (or just stalked!)..never needed to even ask...Thanks for sharing all year..may your year be less stressful, and more profitable in 201
Read more…Borrower is deceased, reverse mortgage. Lender (small regional bank) is calling the note due and has said a short sale is an option, but the sole heir/PR is occupying the property and wants to be the buyer.
Can this pass an Arm's Length test or no
Read more…What is the reason they are coming in so low? I do keep reading how low appraisals are interferring with real estate deals everywhere across the USA, but part of me wonders are lenders lowballing appraisals too? It is hard enough
Read more…I'm hoping for some quick clarification. I know the HAFA program effectively ends on 12-31-12. My question is: does the SS need to CLOSE by then... or can an accepted offer continue to work through until the Buyer's loan closes?
Any guidance is welco
Read more…Hi everyone. On Thursday, we got the call that we have been waiting for. The short sale bank approved our lender's lower appraisal. We are so happy about that. There are still some things that have to happen. Now they have to se
Read more…I just spoke with a Bank of America representative regarding compensation for short sale negotiators. She told me that BoA will pay compensation to attorneys, title companies, and other non-realtor 3rd party negotiators for their services in negotiat
Read more…What's the liklihood of getting an FHA approved waiver to pay closing costs for buyer that is either non-FHA buyer or needs more than the 1% allowed? what about waiver to pay for Termite and moisture repairs needed to obtain the clear termite/moistu
Read more…I was working a short sale on Equator, (WFB) and the buyer walked, before we submitted the SS Affidavit and some other docs requested. I have sent message after message, including directly via email and thru the Equator system that this deal is no l
Read more…Hello All -
We've read some comment streams stating there were new short sale lender numbers, forms, email addresses, etc., in some of the groups. Let us know directly. For example, if you find a phone number no longer works, tell us! We'll remove i
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