Does GMAC allow electronic signatures?
We just received the HUD ATP Letter that requires Seller signature. Does HUD/ GMAC allow electronic signatures?Thx- Bob
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Short Sale Discussions (4366)
Fannie Mae Contact
Does anyone have a contact at Fannie Mae that they can forward?
I had a 1st lien short sale approved by my negotiator with Cenlar, however we had to go back to Fannie Mae to increase the 2nd lien amount to $2400.
Fannie Mae is now saying they want
Read more…PNC approval letter... and understand their standard verbiage?
The approval letter I received this morning states:
"We will prepare and record the Satisfaction of Mortgage / Deed of Trust. We will also report the Credit Bureau "legally satisfied for less than full debt."
There is no verbiage stating specific
Read more…File Re-assigned the day before close of escrow! I wanna cry ;-(
I finally got the first and second to agree to accept the short sale "IF" we can close quickly (1 week). We're down to the next to the last day and the buyers want to take title in their trust. Mind you the sellers have already signed all of the pa
Read more…Chase will be on Equator October 4th. That is GREAT for us! or is it?????
Thanks to our very own moderator superstar Kevin M Lancaster Willson.... we have it from the authority at Chase, Mr John Rieger, that Chase will be on Equator as of October 4.
This has to be a good thing, doesn't it? Chase has traditionally not bee
Read more…Need Agent in Auburn Wa
I need experienced agent in Auburn Washington for Short Sale of 4-plex. Must have experience in short sale of multi family. Please contact me. Katy C.
Read more…short sale 2nd with State Farm
I am in need of advice regarding how to get a deficiency lien release with State Farm- they are the 2nd- receiving almost half of the entire balance from 1st lender- indicated they may want entire balance from seller after closing.
Read more…Does Second have a right to reduce agent commission?
I have a short sale with BOA on the first, Chase (turned over to a lawyer) is on the second. The first is for $180,000 and the second is for $40,000. This is a cooperative short sale where the bank set the price. The rep for the second wants to get i
Read more…Vanderbilt Mortgage - Anyone with experience with them on SS?
Just picked up a new short sale negotiation opportunity today. The servicer is Vanderbilt Mortgage in Tennessee. Does anyone have any tips or experience or both with them on short sales? Before I wade in I'd like to know how best to serve all part
Read more…Legal Fees
Just wondering if anyone has had this situation occur???
List agent e-mails an addendum for buyer to sign (AFTER APPROVAL & CLOSING DATE APPROACHING). No explanation was given. The addendum stated:
SELLERS AGREE TO GIVE BUYERS SELLER CONCESSIONS IN
Read more…Bank of America Time for Closing After Approval?
Hi All!
Is there a standard time period that Bank of America gives to close escrow from the date of their short sale approval?
If not, what is the longest they would normally give?
I have a situation where the buyer will not be reachable or able to a
Read more…Need Leads? Don't Forget Today's FREE Lead Generation Webinar
Good morning Superstars.
Don't forget to join us today for the F.REE lead generation Webinar. 1 pm Eastern time.
Special guest star, Jeff Payne, will be joining us to share what he does to generate short sale listings.
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Read more…HELP PLEASE
Good afternoon everyone!!
I am trying to locate someone from Green Tree with pull. I need to get this file moving. The bpo was ordered on the 31st of July and has been in "escalation" sense the 8th of this month. Please please HELP!!
Thank you!
Read more…LTD Financial Help
I just took on a short sale with a 2nd. Citi sold to LTD Financial.
Just contacted LTD and they said they don't have it anymore and don't know who it has been assigned to.
Does anyone have a current one that you have been able to track down who
Read more…Trying to Contact Bank for Short Sale or Homeowner?
Hi, I saw a property that is vacant and contacted the town tax collector. They told me who the owner is but they only gave me his name, no address or contact, they stated they don't keep that on record, hard to comprehend because how would they know
Read more…GMAC 2nd lien - charged off -
I have a short sale opened. The seller filed for BK, the second lien belonged to GMAC in 2007. It was charged off. GMAC says they do not have any record of it. Does anyone know who GMAC sold their liens to ??
Read more…Comission on a Short Sales transaction
I have been working a SS with a Veterans Loan for the past three months. Now that we practically have come to the final procedure the bank that holds the mortgage is asking us the Real Estate Broker to lower our comission. We signed a 6% and now t
Read more…US Bank closed out file incorrectly and had to restart. Any help with escalation?
US Bank is the second on this loan. They lost files in the process and closed out the file so we had to restart. (oops sorry but you will have to begin again even though it is our fault). To begin with they took forever to get going and now with t
Read more…TD Bank Short Sales
I have been working a short sale with TD Bank for 3 months and we have a market value cash offer. Seller filed BK, house included and has moved out. Appraisal was completed 6/15 and we are still waiting to be assigned in loss mitigation to a negotiat
Read more…BOA Apprasial
Offer submitted to BOA for 148,900. BOA apprasial came in at 120,000. Is that a good thing or a bad thing? And why?
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