COLORADO FORECLOSURE/TRUSTEE SALE TIMEFRAME
DOES ANYONE KNOW the Colorado State Trustee Sale law ? Is it a non-judicial 90 day or less notice process? thank you
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Short Sale Discussions (4366)
initiating a Deed in Lieu for Bank of America
Does anybody have a contact to initiate a Deed in Lieu of Foreclosure with BofA. My client is in Arizona. She just went thru bankruptcy. Who should she call there?
Read more…3rd party negotiator or Realtor negotiator?
As a Realtor (and a CPA), I used to negotiate all my own short sales, and had an almost 100% success rate. About 2 years ago, I started using a 3rd party negotiator - a local law firm. My success rate has dropped significantly, in fact, lost 4 tran
Read more…Any experience with First Mortgage Corporation on a Short Sale
I am dealing with First Mortgage Corportation on a short sale. I sent the packet to them on 8/21, was told yesterday that the file will not be looked at until October and to make sure to tell the borrower to keep making the payments to avoid forclos
Read more…Nightmare Short Sale, Now Loan is Being Sold?
I need to know whether you all think it is worth trying to proceed with this short sale. The "short" story is:
I represent the buyer. Made an offer in March, which was accepted by seller. Listing agent apparently never submitted the whole package,
Read more…Purchasing Another Home
The homeowner is current on the mortgage but want to do a short sale. Reason being due to crime and forclosures in neighborhood. Loan is a VA loan. They would like to purchase another home under VA. Would they still be able to do a short sale and als
Read more…Fannie Mae
I just found out something new about Fannie Mae. I f you have an auction date date less than 120 days from the time the buyer applies for a HAFA Short Sale they will be denied. It just happenned to on of mine who was 118 days away. I thought it was j
Read more…Freddie Mac investor Citibank Servicer
We have a situation what to do: Freddie Mac investor CitiBank is the servicer they will not process a short sale without a offer has anyone had this situation.
Read more…Bank asking for a SECOND BPO and lender is doing a "Rapid Rescoring!"
Sigh... another issue with the house. We are waiting on the extension for the short sale for the bank and out of no where we are told that our credit score went down. It is down 16 points and they are doing a "rapid rescoring." Has anyone ever heard
Read more…Looking For a Listing Side Disclosure Form
In the recent past I have seen a disclosure form that was prepared by the listing agent and attached (requirement) to all offers. This form had the buyer place a larger than normal deposit that was non-refundable for 90 days, except for inspection r
Read more…The Mortgage Forgiveness Debt Relief Act - Do You Think it will be extended?
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation.
Right now most borrowers and sellers seem to qualify for this relief, exempting the "income" they earn on the short sale debt forgiveness as taxable income.
This is currently set to expi
Looking for someone in help with short sale
Need recommdation for short sale help in the Maryland area. I have a property listed with BOA/HAFA program. Haven't had any showings for over 6 weeks and BOA has indicated since its under the HAFA program they can't lower the price. Properties are se
Read more…seller wants to cancel
My buyers got a copy of short sale consent and had 2 inspections done at cost of $800. Before more inspections done, I got a call from the sellers' agent saying they may want to cancel as now they spoke to CPA and may have to pay IRS. How do we proce
Read more…Buying a BOA Short Sale Rec'd counter and accepted
My husband and I after several months finally received word from our agent that BOA countered and we accepted. Here is the thing. Our realtor did not like the 3rd party person handling it so BOA decided not to have a moderator. It has been well ove
Read more…Referring Agent requesting processing fee...
I recently responded to an agent in another state with a client who has a house to sell in my area. She just called me regarding listing the property. She said she already had the file uploaded to Equator, she would do all of the Equator processing &
Read more…Nationstar will only allow 2nd to get 6,000 even though buyer is willing to pay the difference - 2nd is requiring 13,500
I have a first with Nationstar and have approval. The max they will pay and allow the 2nd to get paid is 6,000.
I have the approval from the 2nd with a payoff amount of 13,500.
The buyer was willing to pay the difference in escrow but the 1st is mak
Read more…wells fargo equator system
HELP :) work for a small office and no one is familiar with the wells fargo short sales let alone the equator system and to top it of...this is my first short sale. I did fax in the third party authoirsation form. and registered on the system....c
Read more…Short Sale for your relatives
Is there any negative stipulation about short sale one of your relative's property as a listing agent?
Read more…Title Search
Quick question for discussion - when do you pull title for a short sale? Do you pull it at the very beginning of the transaction or when you get short sale approval? If you pull it at the beginning, who pays for it - the agent, the seller or the atto
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