I am currently dealing with a short sale where Citi bank have the second lien. This is not on equator due to the type of loan.
Both approval letters expired because the property did not appraise and another appraisal (and price reduction) was needed.
I was just asked to help with a short sale where the seller filed bankruptcy over a year ago and tells me that the mortgage on her property was discharged. First, I didn't know one could have a mortgage debt discharged. So, she says that she owes Bof
Does anyone have Coastal Bank and Trust of Florida (formerly Vanguard Bank) short sale contact info? I have a business lien that will need to be released from a property in short sale.
Thank you!
I am currently working on a short sale and the seller just recently went to active duty in the military. How does this affect the short sale? The loan is with BOA.
Read more…I have a client losing about $700/month on an investment property. She can keep it current for a few more months in order to minimize effect to credit, but wondering if it's worth it? Will Ocwen review/approve short sale if she is current?
Thanks
Read more…Can someone advise on this Illinois home sale...?
Provident Funding is refusing to agree on a short sale for a homeowner who has a financial hardship.
Three separate sales contracts have already been submitted. The third contract submitted included
Read more…I represent the buyers and looking for suggestions for the listing agent on how to get an approval from the IRS on allowing the short sale of a property. The 1st & 2nd had given there approval. Property has since under appraised. It's been 30 days
Read more…I have a good one on the buy-side in Illinois.
After only about 75 days, we got a satisfactory approval letter from Ing, which I'm told is quite a feat. The closing was supposed to be today. Thursday evening I checked with our lender and our attorney
Read more…I have been told that M&T bank doesn't initiate a Short Sale without a HAMP package being first submitted, even if the borrowers want to opt out. The HAMP processing time butts up to the auction date and to get an extension requires payment. Should I
Read more…Working with Wells Fargo on a short sale. Previously had an approval but buyer backed out. Brought another offer the same terms and conditions with a price of $73,000, seller forgiven debt and released. They took long time saying problems and bac
Read more…Now I know from prior experience on this site I am going to get some vehement obections to this post but I wanted to put my two cents in anyway. I am at this point in time about one transaction away from making a company wide decision to not accept s
Read more…I recently put together an offer for my buyer clients to a short sale- been in the market for over two years with price rediculously high from 369, reduced to 336, then now priced at $309,000 we offered $270k which for the area is fair.
After three
Read more…I'm upside down on my mortgage with TCF and they will not renegotiate- I'm looking for any info on short sales and TCF-
Thanks,
Dave
Read more…After 7 months my buyer's offer was accepted on a cute house built in 1906. Home inspection was done last week and the Inspector became very upset with the construction under the roof. The house has had several additions over the years, enclosing por
Read more…I know every bank has their own package for SS. I was wondering if there are any differences between submitting a generic and bank specific package, processing or other wise. Thanks in advance.
Read more…Hi all,
Thanks to all of you who have responded to my original post. I just want to let you know the outcome:
We have successfully completed the transaction and now closed, funded, and recorded. What happened is that both agents (The seller and the
Read more…I would greatly appreciate some advice on my particular situation:
1. I purchased a home, in Florida, with my father several years ago for $290k. Because of my credit at the time, we received an 80/20 loan and my father is the sole person on the mor
Read more…I was reviewing a $30,000 offer from Chase that directed the home owner to contact a CDPE agent.
Has anyone gotten short sale assignments from lenders or home owners calling because they wanted a CDPE?
Read more…I have a client that is employed by the IRS. According to the employment contract, if this person defaults on a loan, the employment can be immediately terminated.
Would a short sale be considered a default if the person never missed a payment? (assu
Read more…What happened to all the customer service improvements with B of A? I am in a transaction as the buyer agent. We got the first ( CITI ) approval in 35 days. The second ( B of A ) is getting $6000.00 on a $26000.00 loan and the process has been going
Read more…
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