There is an REO property I am interested in and I work with a realtor on all my investment properties.
But this one property she was not able to get a return call from the listing agent to even get showing instructions. Calls, emails, text messages
Read more…BOA decline the short sale, I done all (Initiated Short Sales on the Equator Workstation and downloaded all required documents) but I have not received any instructions from them. First time they deleted all information because foreclosure date wa
Read more…Ok do you all do verbage such as " Bank accepts buyers amount as payment in full without pursuit of any deficiency judgment to seller." etc., in attempt to protect the seller? And what is the latest with banks going after the seller after the short
Read more…My Wells Fargo negotiator (servicer for the 1st Freddie Mac lien) is claiming that Freddie Mac will allow $6,000 or 10%, whichever is less to be paid to Jr lien holders. The 2nd lien is for roughly $45k so he's saying the maximum he can allow to t
Read more…I have a client in his mid 60's eligible to retire and can currently afford home but when he retires soon, will not be able to afford home. He is underwater on the mortgage, over $100k and took money out of his 401k $37k to buy the home in the beginn
Read more…Hello!
I have a scenario. I have a short sale listing. The home has been discharged in Chapter 7 bankruptcy as has the HOA dues. We got BofA 's approval. We got the 2nd lienholder approval. BofA's approval allowed for $1900 in HOA dues. Everytim
Read more…Details:
Sale Date: 09/21/2012
Bank: 1 with Ocwen
SS approved with cash buyer and supposed to close on or by the 18th. Seller still living there, agreed to move out by the 17th, Buyer will come by to walk through before he sign closing docs. 17th c
Read more…We aren't hearing much about this act expiring in December. http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-
If it is not renewed - what is the incentive for people to follow through with a short sale?
Read more…Has anyone experienced this?
On August 10, Greentree, as second lien holder, sent conditional approval for $20,0000, with deadline of Sept. 21. They were told that CITI as the 1st lien holder will only approve $8,500. Greentree negotiator said to
I just had a short sale cancelled with BofA and I'm still trying to figure out why.
It is a Freddie Mac file. The initial offer we submitted took almost a year to be approved due to a COMPLETELY incompetent BofA negotiator and then it fell apart wit
Read more…I'm a buyer who was told my first offer was rejected by us bank. We've asked the selling agent a few times for the rejection letter, but he hasn't produced it. We've now made a much higher offer, which the sellers now mysteriously don't want to sign
Read more…After having a few negative experiences with Bank of America with Fannie as investor Cooperative short sales being rejected due to Fannie's unrealistically high pricing requirements, I asked someone at Dignified Transition Solutions (DTS) who we work
Read more…Hi, I just completed my HAFA cert and I have done somewhere around 100 short sales. I have heard, recently, from FNMA and FHLMC that my clients were disqualified from HAFA becuase they had good FICO's. Nowhere in the HAFA cert program have I heard or
Read more…We completed a short sale in December 2011. If we have 20% saved, with a 692 average credit score, can we qualify for a conventional loan (NOT FHA)? I have a stable job with a better income. Are there new Fannie Mar rules that i'm not aware of?
Read more…Here is the scenario....
Have short sale with 2 outstanding liens. Obtained approval from first lender for short sale.
Second lender CitiBank stated they charged theirs off and stated it was sent back to Fannie Mae. ??
Well needless to say Fannie Ma
Read more…
In my opinion.....no...it’s not.
And here’s why. The Lenders want as much money as possible for the property. They want the property exposed on the open market to attract a Buyer at the highest price possible. They want it to be an “Arm’s Length
Read more…Bank: Bank of America
I have a seller with a valid hardship (husband past away 18 months ago) who hasn't made a payment since 3/2011. She attempted modification and was denied three times before contacting me for short sale assistance. I submitted
Read more…My buyers had to do a short sale a little over 2 years ago due to job loss. Since then they have scrimped and saved and we were assured by our lender that 2 yrs after the short sale we were okay to do a conventional loan with 20% down. Credit was ru
Read more…Need listing agent in: Chilhowie, VA 24319
Short sale listing. 20% fee.
EM brokerbryant@gmail.com
Read more…
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