Has anyone dealt with New York Community Bank?
I would love some feedback from you. Thank you!
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Short Sale Discussions (4366)
A Flood of BPOs
This last week my e-mail has been flooded with BPO requests, I mean THOUSANDS of bpo orders. Mind you these are not requests to me in particular but e-mail blasts for assignments accepted on a first come, first serve basis.
Any thoughts on what's g
Read more…1st and 2nd want approval from the other
I have a situation where the first and second on a short sale are requiring an approval letter from the other before they will issue an approval. On the short sale OCWEN is the first and Chase is the second. We had an approval from Chase that expir
Read more…Has anyone heard about the New HAFA guideline about giving $8,500 to Junior Liens?
I'm trying to close a short sale where the First Lien holder is Chase and the 2nd is GMAC.
The same short sale was approved by both lenders in June, but unfortunately we needed an extension.
The amount agreed to release the 2nd, was $2,500. Chase has
Read more…Short Sale Status
Wondering if anyone has any contact information to gain status on a short sale which was just transferred from another lender
Read more…Credit Union Stonewalling
Anyone has any insight into credit union stance on short sale. I have a short sale in which Agricultural Credit Union is the 2nd lien. They will not accept the offer of the 1st lien,but they will not make a counter offer. They are just not responding
Read more…And now it's dead again
After all this time, having two close dates and everything ironed out, the sellers accepted a new contract and we're left standing here going what the heck happened? 187 days WASTED!
Been the buyers in a short sale since Jan. 11th. And we're getting
Read more…pitfalls of Short Sale seller also buying
What could be the pitfalls of a soon to be short sale seller, that wants to buy another house, before he short sells? Mortgage is with BofA.
Read more…NEWBIE here - How do I submit an offer in Equator?
I just created an account yesterday for a short sale listing of mine that requires me to go through Equator. I have an offer and don't see how I get started. Is there a tutorial? The support FAQ's don't seem to address what I'm looking for. Can someo
Read more…SALE DATE IN TWO DAYS!!!
Anyone have any luck stopping an INDYMAC Bank Trustee Sale?? My client was mislead as a result of a con artist promising the world to produce a loan mod, of course he just took her money and ran. She has had it postponed before as a result of bankrup
Read more…Green Tree problems - multiple files
We have been working three Green Tree short sale files, with each going on 5-6 months now. It seems their loss mitigation department is a complete mess.. we are unable to get in contact with the assigned negotiators, BPO values are lost, documents lo
Read more…Help! 1st is being paid in full 2nd-US bank is receiving 67% of balance BANK rejected short sale
Looking for some input:
First is Chase receiving 100% payoff - 2nd is US Bank- Had the file for 90 days and rejected. Second is receiving 67% of the balance. US Ban rejected saying owner could afford home.
Spoke to bank - Poor attitude, they r
Read more…Denied for no hardship... In your opinion is this a hardship?
Client bought the one bedroom condo back in 2005 as a single man. Got married and had a kid. Purchased a 3 bedroom 2.5 bath SFR in 2011 so he and his family could fit comfortably. Condo is like 200K upside down. Client doesn't have the cash to pay th
Read more…Suntrust 2nd Lien Contribution
I just had a negotiator from Suntrust contact me with a request for seller contribution on a 2nd lien of $15k. 1st w/ Seterus owned by Freddie Mac, and the negotiator tells me the following:
"we can send the approval letter to you, however we will b
Read more…PNC
Good morning!
I got my first short sale listing with PNC and no second. Does borrower always have to sign the deficiency agreement? The loan amount is $305k and the MV is $60k with and HOA debt of aprox $5k.
Does anyone can give me an advice how to p
Read more…If you were the seller, which offer would you submit?
Short Sale listed at 515k. Two offers on the table:
499k cash, close in 14 days
525k conventional.
1st loan: Nationstar
2nd loan: GreenTree
Which would you choose if you were the seller?
Read more…HOA attorneys PCM Solera in California
Hi have any of you had any issues or luck in negotiating down the HOA lien with the Solera at Apple Valley Community PCM of California attorneys? I have closed and negotiated HOA liens successfully before, and with this HOA and their attorneys, but
Read more…Electronic sigs with Ocwen?
I remember on my last contract they wanted no scratch throughs and no hand written anything except the signatures. I'm wondering if I use an esig progam like Dot Loop will this suffice for ocwen? Anyone have any experience with this? Thanks
Read more…M & I BANK only paying 4% commissions on vacant lot short sale
Listing agent just informed me that M & I BANK only paying 4% total commissions on vacant lot short sale. $815K loan amount, $475K contract price(appraised $520K). Can we force Lender to pay 6% under any NAR or Government guidelines? Thx - Bob
Read more…Attention all members, PLEASE REFRAIN FROM ADVERTISING YOUR SERVICES
This is not an advertisement board, it is a short sale discussion board and all posts advertising your service need to be removed or I will remove them.
Thank you
Jeff Payne, Site Moderator
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