I've got a file that is scheduled to close tomorrow. We have sent over the HUD1 and the closer has denied the property taxes from January 1, to August 3, 2012 and the seller's title insurance. Both charges have been on every HUD1 we have sent to th
Read more…I'm the buyer on a Short property in Kirkland WA. Long story short, the property had been listed for over 3 months with no activity, my agent was drafting our offer when the property went pending SS in our MLS. We talked to the LA and he said that he
Read more…I am looking to buy a short sale in Colorado. Mortgagee has been dead for almost a year. Property is in preforclosure. No will and no probate estate has been opened... family indicates they won't in the future. $98000 on the 1st owned by PennyMac. 22
Read more…I was told by Wells Fargo that my seller must be 31 days past due in order for them to consider a short sale. Does anyone have any experience with this?
Read more…Got 1st lienholder to approve short sale with seller getting $3000 in HAFA relocation assistance, then get approval from 2nd lien holder with stipulation that condition of approval is that the $3000 be paid to them. So much for the HAFA PROGRAM Just
Read more…4closure sale date set for 8/17 fed exed a package we can't get anyone to talk to us or look at it. Anyone have a contact? Thank you
Read more…We are purchasing a short sale and we got the approval and the closing date. Then the selling agent called me to tell me that they forgot to put the paperwork in the contract that states the bank will not go after the sellers for a deficiency judgeme
Read more…Wells Fargo and Chase will be involved in the short sale of a house. I called both banks and asked about their policy to implement a short sale before a client was late... Before they ran out of money. Neither will look at the file prior to an offer.
Read more…I am going to try to make a long story short....
Buyer #1 - move through process in Equator, everything is fine, buyer walks. Negotiator accidentally does a hard decline on the file.
Buyer #2 - already had this back up offer when the first buyer walk
Read more…Does anyone have experience with doing a short sale on a reverse mortgage? Can it be done?
Read more…I know I have seen this question before, my FHA short sale property has two liens. My seller has talked to the attorney's office who is collecting and made a settlement offer. Can I negoiate to reduce sales price to include payoff on liens? I know
Read more…Hi there,
I am in IL and we have a contract for a short sale property. The contract was entered into in July 11th. We know that the seller's bank is Chase.
Any idea on how long it takes for the approval? Also, how is Chase with short sales (approv
Read more…Any way to get 6% commissions? ING owns the note, only paying $1400 on 2nd lien($28K), 1st is $207K due w/ $190k offer cash ,& they want Seller to pay $5k at COE. Does ING negotiate w/ their hardball Approval terms? Thx- Bob
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Being that there is hardly any in-depth detailed information on Reverse Mortgage Short Sales, any and all that are experienced with these should feel free to help us all out so that we can have a one stop post that is basically a "rough guide".
Read more…I received my approval letter from BOA which included 8% of what was owed to Real Time Resoultion the second lien. BOA also gave HIN incentive to borrower. I sent HUD to RTR. They want the 8% plus the HIN incentive. I haven't reply to their offer, do
Read more…I do have a loan like the discussion says 80-20, both with the same bank, Citi, my home is underwater, bought it for about 180k, houses like mine in the neighborhood are going for about 105k avg, due to all foreclosures in the area which brought all
Read more…I am having a problem with a Cenlar HELOC on a HAFA short sale. First has accepted offer and is contibuting 8500.00 to the second. Second wants 10% or 14780.00. They have actually sent me an approval letter asking that we send 6280.00 outside of
Read more…I have a buyer that has come to me in the Chicago area wanting to buy homes in bulk. Can any one tell what banks are selling in bulk or where I can get some answers. Thanks for your help!
Read more…I recently received an acceptance for an offer I put on a short sale. My realtor said all of the paperwork has been sent to the title company for review, but there is no timeline for closing. Just wondering how long the title company process takes an
Read more…Although I have sold numerous short sales this is my first with GMAC. One lender only. My concern is the possibilty of a deficiency judgment for my seller. Has anyone closed with them recently in Florida?
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