Good day all
I am doing a short sale with Homeward > the short sale was denied due to the fact that the appraiser could not get into the place due to flea infestation.
The negotiator advised to have owner cleaned the out the place so appraiser can
Read more…Does anyone have any experience with Navy Federal Credit Union. They have had the short sale file I submitted for almost six weeks. It has finally been assigned to a specialist. I asked today what is the typical time frame from this point. They t
Read more…I just had a BofA negotiator tell me that we HAVE to close escrow on our short sale 1 week before the upcoming scheduled trustee sale (Calif) because the investor (Bank of NY Mellon) won't postpone the trustee sale? She says investors are tightening
Read more…Hi everyone, love this site, has helped so many times-- need your help!!
I rep the buyer. Original short sale approval was to close July 10th, but we didn't get letter til July 6th so needed extension. Just got new short sale approval yesterday (Augu
Read more…f a homeowner has moved out and rented another home and wants to short sale ,can he still be approved despite his mortgage being current?
Bought home at in 2005 and now underwater and cannot afford the mortgage payments but has been making payments
Read more…I just got off the phone of the Realtor Hotline for Loan Servicers of loan default
who revealed some shocking news> I called on a file in which I received an approval but it did not include a deficiency waiver.
The hotline attendant informed me to g
So we got our appraisal done and they had the wrong contracted amount. They went back into their system and corrected everything so now we have the appraisal at the amount we need. The mortgage broker said they now need to send the appraisal to under
Read more…Ok so here is the issue. Everything was fine with the short sale and the documents were sent to Escrow. i got an email stating they are waiting on an extension because the closing date was missed. I have no idea why it was missed or who dropped the b
Read more…Hi,
I have an investment property in North Cal and the mortgage is with CitiMortgage. I do not have a second loan on the property so it's just CitiMortgage to deal with. The house is currently leased on a month to month basis and the rent barely cove
We have a SS going to auction this Tuesday. Anyone have a contact who can postpone it? An offer was submitted. No rest for the wicked.
Read more…Have a scenaro-
An agent that works for me, K , is working with a buyer, has a contract on a short sale.
Short sale is listed with another office, agent B. They use a negotiation company/attorney/closing company handling their short sale process.
Read more…In a separate thread, I mentioned that Bank of America thought that LRC was doing such a lousy job, they decided to give them MORE short sales! *sarcasm
http://shortsalesuperstars.com/forum/topics/is-it-true-bank-of-america-moving-all-short-sales-to-
Read more…My seller is paying the first, GMAC, in full. USAA is getting about 30% of the outstanding debt paid out and the seller has no money left to move to Colorado for new job position. USAA is forgiving none of the debt. No deficiency is being waived,
Read more…Hi there!
The short sale home I'm trying to buy was approved by Ocwen in the beginning of the month through the HAFA short sale program. The approved price, which was on the purchase agreement, was $90,000. My loan went through underwriting, and we w
Read more…Is there a group for American Home Mortgage? If not, is anyone currently doing a short sale with them or has anyone recently completed a transaction with them?
Thanks,
Tyra
Read more…Has anyone had a non-HAFA short sale with Wells Fargo where the borrower (seller) received a short sale incentive payment and/or a relocation payment?
Read more…Does anyone have experience as a Designated Broker selling their own investment properties? I'm pretty sure the Broker cannot get a commission of any kind. Is that correct? If an agent in the brokerage handled the listing, would they be able to get t
Read more…Hello all Superstars,
I can use your help and guidance, here. This is a description of my dilemma.
I'm used to doing short sales in Ohio, where I am from. Ohio uses the "judicial process" and results in a Sheriff's sale.
Now, I've relocated my busine
Read more…In working with OCWEN loan servicing and found out that the short sale I'm working on was not considered for HAFA. I had submitted all paperwork including HAMP paperwork and when I asked about HAFA today, they told me it was not considered. I was u
Read more…Just had a HAFA and traditional sale assigned to LRC (Loan Resolution Corporation). In the past, only Co-op and HAFA short sales would get assigned to third parties. Companies such as LRC, UTLS, etc would take up to 3x as long as Bank of America. Hol
Read more…
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