We heard today from the seller's attorney that they are still collecting documents from the seller to submit it to the bank in order for the bank to review the offer.
The problem is that the seller is being very slow and is not collaborating. IS thi
Read more…I was just wondering once you receive an approval on a short sale if you share the approval letter with the other party? Is it okay to share the letter with the sellers personal information with the other party to the transaction?
Read more…I remember someone stating that financial documents are not required for a short sale when the seller has included the home into their BK 7. So, when you make first contact with the lender(s), do you just say that the seller filed but want to short
Read more…Greetings,
Short sale masters of the universe, I am calling upon thee for some guidance on a file I came across yesterday. I am the negotiator on the file, but I am also brand new to the negotiating world. Wells is the servicer on this particular sit
Read more…I found out that the home my buyer wants to put an offer on (listed in the MLS as a short sale) had final order 7/12/2012 and is scheduled for foreclosure 8/21/2012. I want to work with the listing agent, but I need to know how this should be handled
Read more…I have been trying to get an FHA file open since June 21, 2012 when it was imaged into BOA's system. For whatever reason I have not been able to get the file open even though they have all the documents necessary to do so. The foreclosure date was
Read more…Has anyone dealt with a VA loan short sale. The issue is I cannot use the equator system so in having to deal with the agents in the short sale dept, there has been a delay in opening the file. Apparently it is supposed to automatically open after a
Read more…Any one had the situation with a preapproved co-op BOA short sale where the investor is Fannie mae and the property is over priced and asset manager /negotiator says that Fannie Mae doesn't have a marketing provision to lower the price every 21 days
Read more…I just received a contract on my listing that is going short sale and is a USDA Rural Development. Upon trying to present the contract, I was told that the buyer must provide a current appraisal and the contract price is to be same the amount as the
Read more…We have had approval on the 1st with Green Tree since April 28th. Our sellers moved out of town on a job relocation mid June and now Five Brothers has come in and secured the property. Green Tree is telling us that this is normal proceedure when th
Read more…I've had an FHA short sale open with an offer since February. We were issued the approval to participate 05/18/2012. The offer matched up with the numbers on the ATP and meets the minimum required net.
We're still unable to get an approval letter,
Read more…Does anyone have a contact for Nationstar to stop a trustee sale? I have an Aurora loan that was transferred to Nationstar in July and cannot get them to stop a trustee sale on an offer that Aurora was moments away from an approval on.
Read more…i a meeting with a homeowner who's loan is FHA. Any suggestions or experiences to share with me?
Thanks!
Read more…I am a landlord in california looking to either short sale or Deed in lieu of foreclosure on a townhouse I bought as a primary resident. I have not refinanced the original 80/20 purchased money loan from the same bank. A year and a half ago I have p
Read more…Has anyone every heard of Short Sale Offer Wizard Software? I would appreciate any help. There is a guy on youtube who states he has the best software for presenting offers to banks and of course all the other stuff that goes with it, e.g. put in all
Read more…I am negoiating with CENLAR on a HELOC and they are not willing to take less than 10% but 1st is only offering 8500.00. Borrower used the HELOC 100% for the purchase. Im I correct in that the 2nd is a non-recurse loan?
Read more…Has anyone ever had USDA say that they cant do a short sale since the home had been a rental property in the past? Is there a way around this?
Read more…I have been using your site as a reference for the past 8 months and I really appreciate all the help it has been. Today my Realtor sent me this email he received in Equator but he is not sure what it means either although we believe it to be positi
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