was trying to buy a short sale in new hampshire that just got foreclosed on yesterday. no one bid so it went back to the bank. we started this 8 months ago(in those 8 months had a verbal approval from both banks that had liens but never saw paperwork
Read more…I have a short sale with Bank of America 1st and a 2nd with a collection agency, Compass, who works for the 2nd investor, Carrington. When we started the short sale process B of A sold the 2nd to Carringtion mortgage, who in turn gave it to there co
Read more…Please advise quickly if you can give suggestions for me to assist this military Mom with short sale of her property. Brief summary: Mom was PCS'd <50 miles when her command closed in 2011. She has 2 special needs children and chose assignment wher
Read more…Has anyone ever had the bank pay for repairs. I have a short sale -- fully approved by the bank. Now we had inspection and the roof is completely shot and the buyer does not have the $$ to repair. Therefore a reduction in purchase price from the b
Read more…Maximum amount that the 1st lien holder will pay towards the 2nd is $8,500. If the 2nd wants more, can the buyer and/or agent pay the difference? I am being told by the 1st lien holder that it is a direct violation of HAFA and US Treasury guideline
Read more…I have a short sale in progress with Seterus, this is a Fannie Mae loan (i.e., they are the "investor"). The offer submitted to Seterus was followed through the normal BPO procedure. Seterus advised me that the counter offer for the property was $31
Read more…Dear Superstars,
I had listed my home for shortsale in anticipation of looming financial 'distress', in order to be a pro-active seller and responsible citizen. I took actions in order to 'show good-faith' with the intention that my actions would be
Read more…We have a property that was in foreclosure and was sold. I want to know if it is still possible to do a Short Sale?
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House has been on market 1,323 Days---189 Weeks---or over 3 and a half years.
0.36 Acres, built in 1985, 3 beds, 2.5 baths, 1600-1700 sq. ft.
03/2009 Listed for sale $289,000.
06/2009 Price change $265,000
06/2011 Price change $249,000
08/2011 Price cha
Can you Owner of a Short Sale legally sell his/her furnitures, appliances, deck?, blinds, etc. to the Buyer? If so, can it happen legally out of HUD? If not and the Buyer/Seller is going to do it anyway, what should the agent do?
Read more…A client of mine wants to do a short sale but they have a foreclosure date of Dec 4th...is there a way to stop the foreclosure before getting a contract or is that the only way? Any help would be appreciated!
Read more…Wells didn't originate the equity line years ago.
Any pointers on negotiating with them on an equity line to work this short sale.
I've sold short sales (30 year broker) but have not delved into listing them until now. This one is in my neighborhoo
Read more…I cannot believe this is happening, but if anyone can explain what the chances are that my sellers will be allowed to get a loan modification and keep their home. I hope SPS is really telling the sellers the truth. I am so affraid they will get for
Read more…It will have taken 9 months to get this one closed and it has been littered with issues all along the way. At the last week before we were finally going to close, into holiday weekend, several extensions later, we see that the second approval letter
Read more…Greentree says they won't release a UPB statement to me. Any suggestions?
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We made offer in early 3/2012 for a home in SAC - CA and sellers OK to our offer in late 3/2012.
All required documents was turned in late 3/2012.
Finally, Chase assigned negotiator in 10/2012 and BPO was completed in late 10/2012.
They also just
Read more…Hi- I am the buyer. I made an offer on a short sale. House was purchased for 860K in '05 (owner took out 1 loan for 680K). Owner is current on payments, there is no pmi and is current on HOA's and prop taxes. It is one loan through Wells Fargo. BPO w
Read more…BOFA Did it again!!!! Short sale approved. Approval letter being worked on and I could not get it last Friday or this past Monday as I was told I would. Tuesday, Wednesday and even yesterday received an email stating trying to get the letter to me if
Read more…I have a short sale in which Chase is the 2nd lien servicer. It is a purchase $ loan in CA. The loan amount is +/-$48,000. The 2nd was sent to the collections dept of Chase. Even though we have a Fannie 1st and they (1st lien holder) are offering
Read more…I am a buyer on a downtown Chicago short sale owned by Freddie Mac, but serviced by BoA. After our files were accepted July 1, BoA approved our purchase price Sept 1 which is 2.5% over the BPO. September 10, shortly after BoA foreclosed on the prope
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