Student Loan Lien?
Anyone negotiated one? CAN it be negotiated? Looking for suggestions. TX.
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Short Sale Discussions (4366)
really would like opinions PLEASE
I have spent to weeks e~mailing and calling my realtor with no response. Finally yesterday I get a response by e~mail just to find out tha they have moved their office and did not even bother to send out an email to tell me and they have been having
Read more…E*Trade Short Sale Forms
Hi Guys,
Does anyone have E*Trade short sale forms and contact information? Thank you!
Wendy
Read more…IRS Tax Lien Waiver
I just got this from the escrow agent about a closing that I am doing with Fannie Mae. Has anyone had any experience with this? "This file has an IRS Tax Lien right of redemption that does not expire until 01/20/2013, unless FNMA agrees to allow all
Read more…Fannie Mae has become unreasonable on their asking price
Over the last few months, it has become apparent that Fannie Mae is more interested in foreclosing than approving short sales. The scenario is the same over and over again. The BPO comes in at one price and Fannie Mae adds 20 or 30% and says that i
Read more…Imminent Demolition by Codes Dept. Loss mitigation/Loan recovery
I'm an newby investor and just got my first property under contract. An adjacent lot has a dilapidated home scheduled for Dec 5 demo by codes dept. Codes chief tells me neither the homeowner nor the lender USAA I believe in this case have reached o
Read more…B of A Denied Short Sale in a No Recourse State
I have a short sale that B of A just denied. I'm located in California, which is a no recourse state as long as the seller has not refinanced.
The reason that the bank denied the short sale was because the seller has too much in the way of assets. Bu
Read more…FNMA and Condo Dues in a Super Lien state
Is anyone familiar with Fannie Mae guidelines when a homeowner owes a substantial amount in condo dues? We are in a super liens state. My homeowner owes over $9000 in dues and it's now an official lien on title. I'm trying to research to see if th
Read more…Greentree file declined, need help.
My client was initially told he did not have to default on his loan to be approved for a short sale. They also said the same thing to me, but declined my short sale for that very reason. Have any of you fought Greentree for approval? They have a h
Read more…Price Reduction after the Inpsection?
Hi,
I would like to get some feedback on what is the appropriate route to take when a SS is submitted to the bank, the buyer complete their inspection and saw something they didn't like, then comes back and ask for a price reduction in the inspectio
Read more…BofA FHA short sales...just shoot me!
My FHA short sale Phase 2 negotiator didn't return calls or emails for 3 weeks. I called the escalation team, his supervisor, the short sale dept, etc. I asked the escalation guy for the FHA case #. He pretended not to have it until I pressed him the
Read more…Letter of Indemnity - Fidelity???
Hi Guys,
We've had the approval and have been ready to go to closing…..BUT the title company has not received the Letter of Indemnity yet.
We need to get this done yesterday or we won't be able to close by the approval deadline.
Any suggestions?
Read more…I received an offer from a LLC.. Are there any bank restrictions to sell them a short sale?
I received an offer from a LLC.. Are there any bank restrictions to sell them a short sale? or is better look for a regular buyer? the lender is Bank of America/ Select Portfolio Services.
Read more…Catch 22
Hello,
On one of my short sales...
Received Chase (2nd) approval first on 10-14 with target closing date of 11-16
Didn't get US Bank's approval (1st) by 11-16
US Bank now requests an updated 2nd lien approval before they issue it, all other doc
Read more…How to get the sideline Owner to say Yes to SS - Share Your Success Stories or Secrets?
Hi,
I am pretty sure everyone here would love to have a higher conversion rate of SS through their leads, I just wanted to create this little discussion to see if we could help each other out. The big question is how to get the owner to say YES to
Read more…boa and auction.com
I was drawn to this site while I was searching reviews on boa and auction.com.
What a wrench in my sales efforts. We received an offer before the home was placed into the actual auction.com website to only be told "Sorry , do not submit any offers in
Read more…Question on the new law......................
How does the new law that went into effect on November 1st,2012 that if you can no longer afford your home due to illness in the home. It is my understanding that you can turn the keys and title over to bank of America due to illness. Since the pers
Read more…Has anyone heard about the 5 major banks allowing 8500.00 for a HAFA short sale?
I am working on a Hafa short sale. I have approval from the 1st (chase) allwoing 6% to the 2nd lien holder. The 2nd (citi) is telling since October the 5 major banks have agreed to give $8,500 to the 2nd lien holder. I've called Chase requesting
Read more…Unusual Request from REDC
We are representing a buyer on a short sale. The listing agent is negotiating the short sale. REDC is the lender/lender's representative. According to the listing agent, REDC is requiring (through Equator) that the buyer provide:
* the first 5 dig
Nationstar
Does anyone have an email address for Harold Lewis, Jr., President and COO of Nationstar?
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