Are there any contacts out there with Ocwen? I have an Approval, with a Foreclosure Sale Date that I am fighting tooth and nail to get postponed. My Approval Letter was good for 2 weeks. Not enough time with a Financed Buyer, a 2nd, and multiple t
Read more…I am working on the first $30K incentive to the seller. It expires on Aug 14 as well as the HAFA $3000. The Buyer's lender has delayed. Does anyone have experience getting an extension from Chase on the short sale with the incentive & HAFA in tact?
Read more…I am trying to purchase a home in Florida that is a short sale.We have been under contract since late April. The second mortgage has agreed to accept $25,000 for a $250,000 second. The seller hired an attorney to handle the short sale negotiations.
Read more…I just got off the phone with a client who is wanting to complete a short sale on her property. The home was part of the bankruptcy, however the attorney noted it as their homestead. Can I legally do a short sale on this property?? I have always hear
Read more…I received an Equator task late last Friday afternoon asking for some additional information about the buyer's mortgage. . With the request was a notice that the file would be deleted if the information was not received in 24 hours. Since I am the
Read more…Have been waiting for six months for a short sale approval on a home here in Tampa. The home has a 1st and 2nd both thru Wells Fargo. The owner has a lawyer handling the shorsale. A approval letter was issued by Wells on the 1st a month ago, it expir
Read more…I would like to list and short sell / negotiate my broker's personal home. Any problems regarding arms length and/or related issues?
Read more…I am a buyer and have been relying on your site for some time now and it has helped tremendously. With your guidance I thought I was nearing the end and the fabled approval letter, however I received an email yesterday that has made me think we are
Read more…Just when we think we are getting close! We received word via email last week that Quicken Loans (PNC 2nd) had approved our purchase price offer as well as the 3% towards closing, prepaids, escrows, however they are denying a request for $6k in escr
Read more…HI Guys, if anybody out there had a similar situation please share it with me. I had a HAFA Short Sale approval originaly with Aurora Bank, right after they gave me the approval they transfer it to NATIOSTAR Mortgage. well buyer started to do his pr
Read more…I'm just starting my first one with Central Mtg., and I'm not hearing good things about them. Also, SLS (was Saxon) has second, with small HOA. Any suggestions or experience with them will be appreciated.
Thanks,
Read more…My client's loan servicing was transferred from Saxon to Ocwen more than a month ago and I'm still having trouble getting the needed Freddie Mac paperwork to request a short sale. Anyone been there done that?
Read more…Remember the site rules:
1. No soliciting is allowed on this site. Do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting services on comments, posts or profiles. You may have links on
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Good morning Superstars.
This week's tip: If you have Aurora files that were switched over to Nationstar go ahead and re-initiate the Short Sale in Equator. Unless you already had an Aurora approval you will need to start over. We've just added all
Read more…Has anyone gotten a deficiency waiver from Wells Fargo when the investor is Fannie Mae?
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I have been reading this forum for a while and I am a short sale buyer. So far I haven't heard ANYTHING in rgds to our short sale. Who does the work for me, my lawyer, my agent or the seller's agent? Who is more involved with this process and who sh
Read more…I have a potential client who owns 2 homes. He is renting out home #1 and living in home #2. He wants to short sell home #1. Am I correct in assuming that he will owe taxes from the bank issued 1099-C?
Also, any word on if the Mortgage Relief Act
Read more…My prospective buyer did enter into an 'Owner Financed Agreement' for the property he currently lives in. He did make payments for about 10 years. "Owner" was foreclosed and Fannie Mae is now the property owner.
Fannie Mae then entered into a 12 mont
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Good morning Superstars.
Are you working with Buyers on Short Sales and tired of having your commission reduced by the listing Broker? You know what I’m talking about. The dreaded......
“Short Sale; approval of the seller's lenders(s) may be con
I have a buyer in the Chicago area that wants to buy homes in bundles. Can anyone tell me what banks are selling them. I have called many banks with no luck todate.
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