Is anyone aware that Green Tree Lending is requiring a Seller to bring their mortgage current before they will consider a short sale? Green Tree is being difficult and has 4 offers in 7 days on the market and will not accept any of them. They are no
Read more…Have an FHA short sale where seller is past due on condo dues. In my state if the association files certain paperwork, the condo association definitely trumps mortgage and MUST be paid.
anyone have an FHA short sale that allowed past association
Read more…Looking for helpful information in dealing with PNC heloc.
I have read some horror stories of how it takes too long for approval and to negotiate with them. Would appreciate your telephone number as well if you comment.
Read more…I am working with a home owner who is being foreclosed on by CitiMortage for $50,000. The bank as asking for a payoff of $75,000 because of fees accumulated. There is a second with BofA (HELOC) for $100,000. Payments have not been made for two years.
Read more…Will these by allowed by the short sale lender? Specifically Owcen? If yes, what paperwork do I need? Article of Incorporated?
Read more…Hi, guys - I've been working a short sale with AHMSI and was just notified that they're using a company called Power Short to process their file and they're getting part of the commission. I'm trying to pull up info about this company but I can't fi
Read more…Hey all,
We have a shortsale that we've been working on for a while and we actually already had an approval on it. unfortunalty the buyer's lender was a little off base, took to long, and then declined her loan. While this was happening the seller de
Read more…Hello All,
I need some assistance. I advise my client to call Wells Fargo to go the traditional short sale route on equator due to me reading the issues agents are having with Wells on HAFA short sales. The dilemma is she wants the $3k relocation mon
Read more…I have some customers who are extremely delinquent and BOA approached them to do a co-op short sale; they immediately called me to get started and we have an executed listing agreement BUT we haven't begun marketing the property per BOA co-op guideli
Read more…I have a HAFA approval on the first with onewest and PNC will not grant a HAFA approval. I have tried offering to pay the additional monies outside of escrow and they will not allow the seller to have the relocation funds. Ideas?
Read more…I have been trying to open a SS with Bank of America since May 31 on a VA loan. I get nothing but a bunch of I'm sorrys every time I call. They keep telling me they have all my paperwork and they don't understand why the SS has not been opened by VA
Read more…I have a contract with Fannie Mae to purchase a REO home. Cash offer, only contingency is right to inspect.
Scheduled to close in March, 2012. One day prior to closing, their incompetent title agent found a title defect, we canceled the contract, th
I have a seller that wants to short sell his house and he has 1 mortgage with Green Tree, I have never worked with Green Tree. How are they to work with? Currently the seller is not behind in his payments. What do I need to know about GT before I tak
Read more…I submitted an offer on a short sale 2 months ago (GMAC) and just a few days ago the realtor called and told me they need my address, no problem I provided it, I thought it was on the initial offer, but after checking it wasn't. I'm just wondering wh
Read more…Hello,
have few questions on a short sale purchase. here are the flow of events:
- Contract signed : 25th Jan 12
- BPO ordered by the bank: March 12
- Some docs asked to be signed by bank: May 12
- got an letter from the sellers attorney (he is ha
Read more…Am I alone on this?
I want to be able to easily create short sale packages. Each page should be a fill-able form. I want to auto-populate data like the loan number for them then email the entire package to the client.
I currently do this by editi
Read more…Involved with a potential CITI shortsale (FHA) since offer submission on February 10th. Pulled teeth the whole way through with new BS every week. Finally got a negotiator assigned, one who loved autoresponder messages and took more vacations that
Read more…I am the seller's agent and after doing 3 HUD-1 with the sales contract price of $265,000 I got a 4th HUD-1 and the sales contract price has been reduced to $215,000 - anyone ever heard of this happening? I have tried since June 22nd to get my negot
Read more…What can anyone tell me about a possible deficiency judgement, as anyone had this happen? I executed a short sale with my lender Aurora for a substantial amount of deficiency, recieved a W4 and paid taxes against the deficiency. My understanding is
Read more…Scenario:
Citi Mortgage holds the 1st.
Chase holds the 2nd.
w/o asking Citi at this point...
Do you know if Citi allows a "seller" to contribute toward the 2nd ???
Thank you Superstars...
Rick
Read more…
**********************************
like buttons
************************