This is my new article explaining what is happening and what to expect-as well how to handle the uncertainties regarding the expiration of the tax protection that covered some sellers. Please leave a comment or visit my Facebook page (Don't for get t
Read more…It's been my practice in the past to have Buyers Agents not do inspections until after the Written Approval has arrived. I know that some other "Superstars" recommend getting the buyers to do inspections earlier, to get some "Skin in the Game". I m
Read more…This is my first with Green Tree and while I have done a lot of short sales, this one has me wondering which direction to take. I appreciate all of your advise and recommendations!
My clients were told they did not need to be delinquent to get a sh
Read more…Hi,
I completed a short sale about 30 days already and the taxes still show as not paid what can I do?
Bank usually pays for the taxes owed.
Please, Help me out here.
Read more…I am representing Buyers in short sale w 2 loans. Chase holds 1st, BofA the 2nd. Have sale approval letters. Prelim shows seller has abstract of judgement recorded. Agent tells me it was from SBA loan to his L.L.C.. Was supposed to have been dismisse
Read more…So we have only ever seen MI on first loans. Suddenly I have a BofA 2nd with MI. The negotiator (first good one in a loooong time) says he's only ever seen MI on 2nds. What's your experience? Thanks!
Read more…Freddie is asking for a seller contribution:
1st and only lien holder is IndyMac, no 2nd. Pay off is 186k. Offer is 150k. After analyzing the offer, negotiator comes back with:
Freddie Mac needs (removed Seller name) to contribute $3,000 cash towar
Read more…Hello SS Superstars,
I am in desperate need for a Pres or VP or Exec Level in their Recovery Department that I have with GreenTree Servicing. My negotiator is rude and furthermore wants $25K in order to get their approval AND they are the 2nd lienhol
Read more…I'm losing my mind!! I'm on Jigsaw and all the contacts bounce. . .anyone have a good "upper level" contact?
Read more…real time resolution took over 2nd lien from Specialized Loan servicing. Need short sale dept. & fax # for 3rd party...and any other info about this company handling short sale approvals as a 2nd lien . thx- Bob
Read more…Need some advice... I have a short sales with Seterus as the 1st and BOA as the 2nd. At our current sales price, we will barely clear the 1st lien so nothing left for BOA. Of course if the transaction goes another couple of months this is a moot p
Read more…Please help.
1st is FHA w/ MI and we have the ATP. Allowing $2500 to the 2nd.
2nd is Compass (recently released to LTD). Approx. bal is $56K. They won't accept less than $30K to participate in the short sale. Previous to file moval to LTD, Compass
Read more…Hi everyone,
This is my first file with GMAC that has a 2nd lien attached, GMAC is the 1st mortgage, and CALHFA is the 2nd lien holder, I have uploaded all the docs they require, and they are keeping back the file in Equator stating that they need th
Read more…I have a HAFA approval with B of A. The seller is receiving 3k for HAFA incentive and also a HIN incentive of 5,600. The seller has a 2nd and 3rd lien which of course are requesting more than B of A will give them. The seller is willing to use the
Read more…I have a California client who needs to short a home in Fallon, Nevada. Please contact me at salesbyjane@gmail.com
Jane Myrenget
Realty World Dominion
Read more…
I am having some real big issues lately- My primary focus area of real estate is in the Brooklyn/Queens area in New York. Evictions are expensive and can take between 6 months to a year, if not longer- I have all cash buyers on a lot of properties,
Read more…We have had a short sale in review for over a month and the trustee sale date is wednesday. This is the first trustee sale date but freddie mac will not allow Chase to postpone it.
I desparately need a contact at Fredie mac as this has happened to
Read more…Help! I am working a short sale and I am stuck with a super ridiculously high appraisal and Approval to Participate price of 165K! The price of the property was periodically reduced starting from 193K to 178K to the more realistic price of 135K to 12
Read more…Does anyone have the email address for Jay Bray, CEO and Director of Nationstar?
Read more…
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