so this house has almost been on for a year, went had a offer they backed out we placed a offer about a month ago and was told it was assigned to a new negotiator? and will know in 2-3 weeks anything.
Read more…Ok, so we are all having the same experience on FNMA short sales - they want more than the property is worth. Heck I had one where they got so lost in deciding how much they would accept relative to value they actually asked for more than they were
Read more…I'm working with a client that is interested in doing a short sale. They qualify with a hardship. The question in particular is their home is listed as 490 "agricultural property" for tax benefits. He's depreciated the home heavily. Can he still
Read more…Google+ is getting a lot of attention these days. To reach more of you and potential buyers and sellers, join Short Sale Superstars on Google+. See you in the circles!
Read more…I am a buyer's agent and we've been in contract for five months. The listing agent has been telling me the package is complete. Two weeks ago the listing agent told me the Seller had now received their notice they are accepted into the FHA Short Sale
Read more…Can someone supply a link to where it states what Freddie's maximum allowed seller's concession or buyer's cost help is? I cannot find it anywhere. I have been told by execs at Fannie that there's is a 3% max, but no info on Freddie. Thank you!
Read more…Anyone know which investors/servicers are participating in the under 600 credit score no financials needed?
Read more…I am set to close on a short sale property in Orange County, CA next Monday. I signed the loan documents Wesnesday and paid my closing costs. I got a call from Escrow officer stating that Seller is not ready to move out and needs 30 days to find a p
Read more…I have a buyer who wants to purchase a property that is a short sale with Wells Fargo, but needs to sell their property first. Would this be possible to submit a purchase contract with a contingency to sell?
Read more…Hi Everyone,
Here is what you can do to make our Short Sale Superstars site even better. If you need to correct or add information to any short sale lender group, email the group founder or one of the site moderators. We will update the information p
Read more…I have clients that bought another home last year and moved due to daughters health condition. They rented their original house in Oct of last year and tenants have been there since. My clients were $700/mo negative on the rent/pmt ratio but still st
Read more…I have been looking up the definition of family member in California. CAR says NOTHING. California law seems to clarify it as "immediate" family. How far out the family chain is okay? The primary borrower is deceased, and I NEVER met her. Her son-
Read more…Hello Everyone!
I am a buyer of an approved BOA short sale. Lender (Chase Bank) requested an appraisal on the property and sure enough it came in 37k less than the amount on the approval letter. My agent forwarded the appraisal to the sellers
Read more…We are the buyer in this short sale, and was advised that the short sale was declined due to the seller not having a hardship, this seller is being relocated, he is not in the military but is taking a military job, The relocation is out of state. Thi
Read more…Good evening,
I received an approval letter from BOA on a short sale, and today, right as we're ready to close it was denied!
There were $75,000 worth of judgment liens on the property that were negotiated down to $25,000. An addendum was prepared
Read more…Anyone know how much will B of A contribute to an HOA lien these days? This is a traditional short sale and the HOA lien is in the amount of $16,000. Thank you!
Read more…Hello Short Sale Superstars! Anyone deal with a BofA Coop w- NDS, and run into an "Error of Opportunity?" I've been told it would be escalated, still waiting...No response on the escalation to Closing. WE ARE TRYING TO CLOSE.1st, this is a coop sho
Read more…Anyone got a good, cheap site to mail out postcards? I have the names and addresses and looking for a mailing services. If so, how much do they charge? And do postcard have good ROI? Thanks!
Read more…Hi All,
Just wanted to see if anyone has heard about a new law recently passed. I was speaking to a lender and she is pretty knowledgable and she was telling me about a new law that passed a few weeks ago that banks are now treating Short Sales equi
Read more…
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