In march I sent an offer to an attorney representing aan owner on a property in Los Angeles and he wanted $ 50K for the sale. We agreed but said it had to be on the HUD and never heard from him again.August this property was sols for $250000.00 less
Read more…I am close to closing a deal but have been informed that Freddie Mac as the investor will not allow me, as the seller, to come to close with any fees. Therefore, fees associated with closing including broker, title, etc will have to be made by me "ou
Read more…My wife and I are supposed to close on a short sale tomorrow. All the docs were signed yesterday, we wired the money (it's a cash purchase, no financing involved), and today title calls me and tells me Wells Fargo won't approve the HUD statement unti
Read more…I recently got a backup offer on a house under a short sale with the Bank of America. My clients have asked me to make sure Bank of America knew that their back up was $11K more than the seller's accepted offer. Any ideas on how I can let them know
Read more…Hello, I am the listing agent on an FHA/Wells Fargo short sale and we got the ATP just last week. We've had an offer on the table since the 1st week it was listed - $2000 less than the appraised price so well within the guidelines for what WF would n
Read more…I am just curious what state has the most short sale listings and where can I find that information?
Read more…I currently have a BoA coop SS right now with REDC, I had the property listed before at $190k, which I believe the FMV is somewhere between $180k - $190k, I got decent amount of showings but no offer. We recently was contact by REDC to represent BoA
Read more…Here is the latest news on what hopefully will be home. My question is does anyone have any advise on about how much longer this will take from here because my realtors assistant doesn't seem to know and that is who I am frequently stuck dealling wit
Read more…I'm a first-time home buyer. The beginning of June, we made an offer on a B of A short sale. The house is in rural area that is on a flood plain. It had been listed for nearly a year already. It was listed at $65000 so we offered $65k. Then, the
Read more…If one's income is the same but they are upside down on the property, would they qualify for a short sale?
Read more…I've been getting many inquiries from homeowners about what they can do if they lost their home to foreclosure and have a junior lienholder pursuing them with a deficiency judgment. I understand a chp 7 or 13 bankruptcy can alleviate this (although s
Read more…I have been in this short sale for almost a year, 2 previous approvals from both banks but buyers walked, now I have a new approval on the 1st and within this time the 2nd was sold to Greentree, the 1st has given the 2nd 10% which is 11,673.00, Green
Read more…Does anybody know if Sovereign Bank is offering any $$$ to do a short sale over and above HAFA $?
Read more…Crystal Barajas, Jenny Frazier and Ryan Cunningham at LCS Financial Corp are ROCKSTARS! Short Sale negotiators, asset managers, reps whatever they are called should learn from these 3. From intake, to review to Approval in less than 10 days!! I am
Read more…No names here, but, have servicer referring me to an auction company, "for better marking ya da ya, etc, ! HOWEVER! Need to advertise (mls, etc) that buyer needs to pay 5% premium. Once signed up for this is a "given" no going back! The particular p
Read more…I got a verbal from my negotiator @ BofA on 10/3 and was just waiting on the official letter. Just found out my Short sale approval is not actually approved yet. This is the Note I got from the Bof A negotiator yesterday. "Chris, I needed to make a c
Read more…I have a short sale that has been approved by all lenders, buyer is ready and we found a California Franchise Tax Board lien on the property at the 11th hour. It is complex but the borrower at one point deeded over the property to her father in an e
Read more…and closed on 10-3-12, but about 2 weeks later we got a notice of trustees sale on our door, it has the old owners names and our names and, our mortgage company on the notice and on the same day we found out that us bank sent back the funds for the h
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Hello All,
Help, I am having a nightmare of a time dealing with Metlife. They closed my file after I sent over the required documentation. I have proof that we sent a full package over. When I finally was able to reach someone and told them the
Read more…After over a year of a HORRIBLE process with a short sale through BofA and the seller of the house, we have been notified that our loan is being sold to Bayview Loan Serving. We had an offer on the table for over 6 months and the buyers finally walk
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