Short Sale Superstars. Does anyone have experience with San Diego Credit Union?
They hold both the 1st and 2nd for my client, and I have never dealt with them before.
Thanks! Al
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Short Sale Discussions (4366)
Myrtle Beach area realtor
Im looking for someone in the Myrtle Beach area that has experience with short sales. I looked at a short sale we really wanted and the bank (green tree) is being very difficult to deal with. I am sick of bugging my agent about the home. I've read th
Read more…PNC - second lien HELOC contact? Anyone - Need help. about to lose buyer
My PNC primary has verbally approved but is waiting for the PNC secondary before they issue written approval. The file has been in with PNC well over two months and they havent even LOOKED at it yet. when we call we get "the negotiator has 200 file
Read more…Approved Short Sale...Buyer/Agent Holding Closing!
Hello All, Looking for any input. Short Sale: BofA 1st and Greentree 2nd. All cash offer was received on 8-15-12, the buyer is the broker who's being represented by another agent in his office. RPA stated 15 day escrow. Sellers accepted. Escrow has b
Read more…Remote "Virtual" Assistant Questions
My ace short sale assistant is moving to another state. She will still work for me (yea), but we have some questions: What advice do you have for phone pickup? (she will share phone duties with someone in office) Our local phone carrier says we can
Read more…Buyer's Lender Wants Short Sale Approval Letter From Fully Paid Off 1st
Have any of you run into this? The buyer's lender is insisting on a letter from the seller's 1st lienholder approving the short sale. The seller is only short on the 2nd lien (for which we have approval) and the HUD-1 provides for a full pay-off of t
Read more…Wells Fargo - Liens not associated with property
Received an e-mail from Wells Fargo stating that there are 5 liens on title for my client's home. At time of listing the home I had my title company pull a title commitment and we found 2 liens both are associated with the HOA and I knew this at the
Read more…GMAC firm on high BPO counter. what are my options?
I am a buyer and am wondering what options I have in dealing with trying to buy a short sale. There is only one mortgage on the property.
House was listed 3 months ago for $499k. They had several offers on the first day on the market and another pa
Read more…Wells & Fargo
We are buying a short sale and wells & Fargo is the Lien holder. How are they with short sales? Do they take forever? The realtor selling the house does not care to do work and push the bank so we are hoping wells and Fargo are pretty good with short
Read more…HELP with Green Tree!!!
We were in the process of buying a short sale home from Green Tree. They are the only loan on the home. The house was listed at $124,900. We offered 120,000 with us paying closing costs. The seller accepted but Green Tree came back to us at $150,000.
Read more…Will Greentree ignore their expired BPO???
Does anyone know if Greentree will ignore their original BPO (which was at a ludicrous value) after it expires and they obtain a new one? It is a FHLMC loan and this poor guy really needs a break and to get out of this loan!!!! Do they get simply
Read more…Short Sale Specialty Websites - any thoughts?
Has anyone tried the Chris Sylvada "Simple listing systems or Simple Listing Solutions" website concept and had any success?
Read more…Credit Unions and Deficiency Waivers?
Hello Everyone, I'm new to your group, but have been selling/working short sales for about 4 years now with a fairly successful closing percentage, but have not had one with a Credit Union, until now.
The experience in the first 10 days has been unus
Read more…B of A PFS FHA
How long should I expect to wait to hear something/anything once the negotiator has been assigned to the file?
I'm representing the seller on an FHA Preforeclosure short sale with b of a. With this type of short sale you must FAX all the paperwork, n
Read more…HELP - FHA Short Sale with BoA forcing the owner to be foreclosed on eventually....
I have a FHA SS right now with BoA, and here is the situation:
-owner is retired with pension and social security for income = about $2800/month
-owner have a scheduled monthly payment to IRS about $1400/month for the next 3 years
-owner was in a loa
Read more…Help with Incompetent attorney handling sale
The sellers have choose to have their attorney handle the shortsale. Going on six months now home has a 1st and 2nd with well. The first was approved 60 days ago and is now waiting a 3 extension. The 2nd was filed in the wrong county by the bank (no
Read more…Lender Refusing to Process Purchase Loan
I am working on the seller's side of a short sale. The buyer's mortgage company is refusing to process a VA purchase loan until a written letter is received from the servicer/investor accepting the short sale. A pre-approval was issued and then all
Read more…Is an "APPROVED" short sale indication of bank's bottom line price?
I had several properties I missed out on, in that when it came on the market it quickly went into contract and I was too late.
Typically I try to do my research, look at comps and many other variables, sometimes had to go to the city to look into op
Read more…Replacing buyer with Seterus and Suntrust
Just had a buyer walk the same day I received short sale approval on a Suntrust 2nd. Already had the 1st approved with Seterus.
I was able to get a 2nd buyer to meet the price and terms that the approvals were set upon. However, I haven't had to r
Read more…NEED Contact info to escalate a Wells Fargo/Freddie Mac Short Sale - ASAP!
Investor: Freddie Mac
Servicer: Wells Fargo
We have received an offer for $78,000 which the seller accepted. The negotiator for Wells Fargo countered the price at $85,000. I managed to get the buyer up to the $85,000 which is the absolute highes
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