Has anyone found any relief with the B of A FHA Short Sale Process? I still have files that are stuck.. they've got their Short Sale Recommendations and are just sitting.. not being opened. We have done everything the process has asked.. does anyon
Read more…Since most everyone on here is in the real estate industry, I wanted to share some fascinating info with you all. Depending on where your customers go for a home loan, their FICO score can differ dramatically. The reason for this is because FICO rele
Read more…Has anyone heard anything about a possible extension of the Mortgage Forgiveness Debt Relief Act?
Read more…I am dealing with a local branch of Citi Financial who hold the 2nd on this short sale. The local branch manager keeps telling me that they will only issue a 15 day approval letter, despite the fact I keep telling her that we will need a 30 day lette
Read more…I just got a listing and my client told me her loan is with WELLS FARGO. According to Chase, who is her servicer to go ahead and send the short sale package to WFB directly. I called WFB and their loan is not in the system under the loan number nor u
Read more…ARE THERE ANY INCENTIVES FOR SELLER BESIDES HAFA? THANK YOU.
Read more…I have a short sale, whereby the first is GMAC and its loan amount is less than the second. GMAC is $59,000 and BOFA is $64,000 and Past HOA Dues is around $5,500.Home is worth $75,000. The borrowers have hardship and qualify for a short sale, howeve
Read more…Hello, Everyone,
I just started working on a file where the sellers are in Chapter 13 bankruptcy and need to short sell. The lender is Wells Fargo and the loan is conventional. I asked the currently assigned single point of contact/processor in th
Read more…Visiting a longtime college friend in Tampa. Haven't seen her for 12 years. Find out she is short saleing her home as she lost her job and had to move in with her mom that has dimentia. Her agent listed the home for $75,000 she got an offer for $70,0
Read more…Has anyone had the situation where the investor is asking for the contract and BOA addendums to include the ex -wife? They have been divorced for over a year and the ex-husband is the only one on the loan. The house was QCD to him as a single man and
Read more…Any contacts would be greatly appreciated. jeff.payne@kw.com
Read more…I'm negotiating a Chase short sale with Freddie Mac as the investor and I want to share closing instructions that I was told are "fairly new." I only learned about the closing instructions the day before the close date and it was incredibly stressful
Read more…I have been contacted by an owner of a condo to list the unit as a short sale. The seller has 2 loans - both with BoA. The unit is worth approx 30k.
The biggest issue I see is that the seller vacated the unit in December of 2009 and has not paid an
Read more…Just recently I had a short sale where I was the buyers agent and there was a short sale approval and they even got an extension but the property sold in foreclosure.
In my opininion, Wells Fargo's RIGHT HAND(short sale dept) didn't know what the LEF
Read more…Does anyone have any insights on a short sale for a reverse mortgage. Even though we have done 100's of short sales over the last eight years, this is new to us.
The home is upside down. The lender is BOA. Any guidance is appreciated.
Read more…Hello Short Sale friends,
Do any of you have the list that Broker Bryant had given on his teleseminar back in May of this year?
Thanks in advance for your help!!!
Please email to Stacy@RIRealEstateLaw.com
Read more…I am representing a buyer on a BOA short sale. The listing agent has already admitted this is his first short sale and he is overwhelmed and doesn't really know what to do. We submitted a cash offer for full list price and it was accepted by the se
Read more…I am the buyer in a short sale. We received bank approval for the short sale from both the first and second mortgage holders on May 23rd. I was told there was an IRS tax lien associated with the property but that the bank had agreed to pay it (whic
Read more…I am a buyer and the closing for a BofA REO is set for next Monday, July 16. Property is located in Colorado. Property's zip code is used by two cities, and Landsafe issued the title commitment with the right address but wrong city on it. My lender r
Read more…I am incredibly frustrated for my homeowners and for agents. We have recently had 3 homes taken back by the Lender at Trustee Sale when the investor is Fannie Mae.
In all cases they were short sales with strong offers and all docs are in. We have h
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