We were surprised to receive a quick decline of a sale which pays off 85% of the PNC second. Is this their standard approach to try to get seller contributions?
Read more…we got an offer sheet from BoA and they approved the sale price.(30jul2012)
they said that the deal will go to Investor for final approval (or rejection)
does anyone have any idea about
1. what is the probability of investors approving the short sa
Read more…4 months ago I put an offer on a short sale and 5 weeks later the bank sent an appraiser to the house. Six weeks later the bank countered our original offer and we accepted. Six weeks after that we are told the house has an auction date and 1 week
Read more…Hey Superstars,
are the guidlines for a FHA short sale serviced by Wells similiar to BofA ? can you initiate a wells FHA short sale in Equator ?
Read more…
Friends,
I recently got a call from my assigned Chase short sale negotiator denying the short sale because she said that Freddie Mac's guidelines do not allow my homeowner to purchase another home, which they did. Long story short, we started the s
Read more…No doubt, it is a common situation. The BPO comes in higher than the price you have your home listed for. But normally, the bank is willing to negotiate a bit.
So... this is my 3rd deal with Chase in the past year and I am getting the feeling they
Read more…I have a listing appointment for a short with a seller who's loan is with American Mortgage Express. Any information/contact info/document requirement list etc would be helpful! Kerry 916-333-8412 kerry4re@yahoo.com Thanks!
Read more…Although I have been an assistant to brokers for quite some time now, I am just jumping into doing short sales. My true experience is REO's. Can anyone give a sort of step by step into the process to give me an idea of where to start. I know each ban
Read more…This is just an incredible site!
This is kinda "off the wall" dont do loan mods, but I have an elderly family member that I am trying to
help. BOA/FHA . (I am involved just because it very close family!) If anyone can shed direction I would apprecia
Read more…We have had a contract on our house since Jan. on a short sale. I have read through many other stories on here and see that I am not alone. Some stories sound like I could have written them myself. The contract on our house was for $200,000 and we
Read more…I have a contract for $180k and the BPO Seterus ordered came back at $280k. The BPO agent made the same mistake I did when I first listed the property, which was not understanding the serious construction and maintenance issues that exist. We submi
Read more…Have a short sale B of A which is fine clients went bk over 2 years ago sba for roof replaced because of 2004 hurricane Sba included in bk but never released Lein. Now they want 3500 to remove Lein. Any ideas, thoughts or experiences. Thank you. Joyc
Read more…I just acquired a file with Wells Fargo that there is an approval. Previous agent and buyer has held the deal hostage for five months and the seller just want to be done with this. Can't balme them. I have a buyer but have to do a name change, wh
Read more…Wells pulled title on my property, and found dozens of outstanding liens which ARE NOT my clients. Keep in mind MA is an attorney state so I went to my favorite attorney working on the sale who also OWNS the title co working on the sale and got it i
Read more…Hello,
I've reached out to 4 Realtors so far and only one got back to me saying he didn't think he had buyers for that area. The rest just left me hanging.
Anyone have any referrals for that area? This was my primary residence for 2 out of the pas
Read more…Settlement on a short sale (I have buyer) was postponed due to septic issues - which obviously cost my buyer extra bucks to get sorted out. Now Chase is saying they want an extra $1,000 since settlement was delayed.
Hello!? Buyer is already stretched
Read more…i am processing an FHA short sale under HUD guidelines, there are 2 liens attached to the subject.
the first position, Chase, approved the short sale including a $2500 contribution towards the junior lien. the junior lien is a heloc. the heloc accoun
Read more…Bank of america will be receiving their NET price the investor is looking for. Now we have a 2nd lien with Green tree and they want more money to release full deficiency. Buyer may be willing to contribute.
Does anyone know if Bank of america allows
Read more…My short sale that I have been working on with Wells Fargo for months has just been denied by Freddie Mac so that the buyer can buy the house from Home Steps in foreclosure. We have a cash offer ready to close yesterday, negotiator accepted our pric
Read more…Short Version..
Single Loan, Seller willing to come to the table with money, My offer is 24k over list price with an appraisal right at my offer price.. Investor originally declines do to not participating in HAFA, agrees to go traditional short sa
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