Good morning!
We received an offer from the lender today that approves my seller for HAFA provided that she pay $2,200 outside of closing to the mortgage insurance company. The catch is that the $2,200 would have to be paid BEFORE the lender can iss
Assuming that Tax Forgiveness is NOT extended past 12/31/12,
how are you advising your short sale clients selling properties that won't close until January?
Is it really better to get foreclosed after 1/1/13? Does foreclosure give a tax advantage in
Read more…How long does it take for Nationstar to approve your Short Sale. I got back to them in 2 days the private BPO and had a contractor come out to the house and give me an estimate on the work that needs to be done. Now it has been 2 weeks and still no
Read more…Hello All-
Would love to tar and feather a SunTrust Negotiator right now. I have about a $750,000 (can't give specific as it is not closed) contract and I have both sides of the deal. I expected a cut to 5% from the 6% listing agreement, plus it stat
Read more…My hubby and I were not just prequalified but preapproved for a mortgage through Wells Fargo, i forgot what they called the program. Anyway, when w 1st started looking at buying we did not know it would take this long, so we went and got as close as
Read more…This is not my situation, but recently heard this conversation. Short sale of a condo, past HOA dues of 30k, HOA agrees to 20k and then renegs stating that they will go after the homeowner.
Question: Is the HOA considered a lien holder where SB 458 w
HI ALL
I AM DOING A SHORT SALE FOR OVER 7 MONTHS NOW, THE SELLER TOOK SOME TIME WITH SUBMISSION OF THEIR DOCS AND THE NEGOTIATOR WAS LOUSY
NOW THAT THE BANK COUNTER OFFERED. HERE IS THE DEAL THE INTERIOR BPO CAME IN AT ABOUT 15K LESS THAN THE CONTR
Read more…Tough issue. There is a legal side and a financial side. From a legal perspective, we need to advise our clients (the seller...not the lender) by giving our best informed advise as to which offers are acceptable given the circumstances. The buyer
Read more…Good morning all,
Has anybody worked with or knows of a lender that will work with home owner on a short sale refinance? The way it was explained to me, is refinancing your residence at the current market value, the existing lender would accept the
Read more…Two mortgages on short sale. The first one was approved by Wellsfargo. Second one is Ocwen being worked on by LCS. LCS says they need 72 hours for review time, is that typical? Has anyone dealt with them recently? Can they approve the second wit
Read more…HELP! After 10 months of short sale work with my client and Bank of America, just before we get to closing, B of A sells its note (mortgage) to another lender. What is going on? I can't believe it. I don't know if we will continue to do the short
Read more…My seller had a BOA Heloc as a 2nd on an investment property that we are doing a short sale on. BOA sent the seller a letter saying they were going to dismiss the balance and close the loan in 30 days if she did not respond to the letter. That's we
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Chances are, you or someone you know in Lawrenceville is facing the possibility of foreclosure. But you need to understand that you are not alone.
Today, 1 out of every 6 homeowners in America is behind on m
Hi all! So happy to have found this site as I am literally lost at this point!
Long story short: My husband was told over the summer that he could either lose his job or relocate with the company. After much discussion about our current options, w
Read more…Greetings everyone and thank you in advance for your responses~
I have a short sale listing Green Tree is the servicer and Fannie Mae is the investor.
Property listed at $140,000 and very clean offer at $140,000 no closing costs or anything addition
Read more…Please STOP with your absolutely STUPID requests! One in particular that has ZERO to do with approving the short sale......
STOP IT with your silly requests for name affidavits, it has NOTHING TO DO WITH APPROVING a short sale. Use a little bit o
Read more…Friday my realtor has my hubby and I sign an addendum to extend our contract to FEBRUARY bc after 2 months the house we are trying to buy is now supposed to be coming out of the Home Retention Dept and the file is SUPPOSED to be getting an assigned n
Read more…Anyone have good experience and results w/ SS and foreclosure defense in Duval county of Jacksonville Florida?
Read more…Citibank is servicing. Negotiator told us she was pretty sure she could get $3K in incentive. About to issue approval without the relo incentive becuase the borrower/seller has rented an apartment closer to her new job. She is maintaining both res
Read more…I have a short sale file that has been going on for longer than it should. The 1st is through LoanCare for USAA (VA loan). The 2nd is a HELOC with USAA. The Seller is active duty military. The 1st has issued approval with $4K to 2nd. The Seller
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