1/29/14 Made offer $99,900 and no closing assistance (seller accepted)
We had our inspection and found mold in attic, broken sump pump, and leaking pipes
Below are the updates we've been given:
3/17/14 Docs are in final review
Beginning of April we
Read more…How do I get money negotiated for the seller. The bank offers all this help and money and when the seller goes for it they say ooops too late you cant get anything now. That is bull. This seller kept paying when everyone else was walking away and get
Read more…I've got a BOA/HUD short sale approval but 2 junior liens (a local bank and a mechanics lien, both have judgements) that won't accept the $1500 ($750 each) offered by HUD/BOA. The homeowner filed bankruptcy last year but the liens weren't removed b
Read more…Dear Superstars,
I had listed my home for shortsale in anticipation of looming financial 'distress', in order to be a pro-active seller and responsible citizen. I took actions in order to 'show good-faith' with the intention that my actions would be
Read more…Ok , So ive been working this shortsale here in sacramento california for close to a year now. Where do i start? This SS is a fha loan. One loan with BofA. Appraised by the bank. And with an approved price. We have an Excepted cash offer with two bac
Read more…We have a Buyer attempting to purchase a new primary residence; a SFR non-FNMA short sale. We also represent the Seller in the transaction.
The Buyer is putting down 80% LTV and has 700+ credit scores. However, our Buyer has a short sale that closed
Read more…Bank of America is not very sensible or logical..duh. This one is a real doozey to understand, and it's best not to try. Just accept it..
Listed in Laguna Niguel, over 1 year ago. Original LP of $1,050,000. One Note. Investor: B of A
Offer 1:
Read more…Here's the situation. My clients stopped paying the mortgage 3 years ago when their son (5 at the time) was diagnosed with ALL - a form of leukemia - as mom had to stop working to care for him full-time. They tried contacting Bank of America for a
Read more…I am buying a BOA short sale house. I signed the contract in Oct and received the short sale approval in the beginning of Dec 2011, loan was clear to close on 12/21 and closing was scheduled for 12/29. Few days prior to closing I was informed by the
Read more…I have a client that I'm working with in which he has not missed any payments on his B of A loan. We actually had someone come to our office from B of A and one of the questions was whether the borrower had to be delinquent to successfully initiate
Read more…I have a BOA 1st and 2nd short sale. 2nd released deficiency completely, and the 1st will release with a $10K cash contribution from the Seller. Seller is freaking out and says they don't have $10K but the bank can see they have 2 credit cards with
Read more…We've developed a unique new process to flip an auction purchase to the short sale "C" buyer. The first lender for the short sale must be BofA, the property must be in CA, and the "C" buyer needs to be conventional financing.
Contact me if you hav
Read more…On a HAFA B of A Short Sale, Can a Realtor list the property under what the Short Sale Agreement states?
Will Bank of America want to see an MLS printout? Are there any repercussions? Am concerned because the listing agent must also sign the SSA.
Read more…So..I know that everyone's been fighting hard to get B of A to allow us to substitute our back up Buyers without having to close and re-open and re-submit ALL the darned documents. It's here! We can now substitute if we have a back up buyer and our
Read more…Hi all
I have a client inquiring on a HAFA short sale with B of A. They have a job offer in another state. Borrowers are current on their mortgage. This should have potential for HAFA though they are current-- job relocation information can be prov
Read more…Please help me understand this decline - as its a new one and makes no sense.
I started a short sale several weeks back with First Franklin. Halfway through the short sale the loan gets sold to Bank of America. We start over in Equator, all is well,
Read more…The negotiator on my "Fannie Mae" owned loan/property is saying the borrower has a MI on the property and all terms are being dictated by that company!
Let me back up. My seller is asking for a B of A short sale on his property and he is not delinq
Read more…I have been waiting 10 days for Bank of America to respond to our counter to the counter via equator. I have emailed the negotiator but no replay.
I am worried they will close the file. Will B of A counter again or decline the file?
Any ideas?
Read more…
Anyone know a good system for them? They say to my seller...your just 1 in a stack of hundreds...but with the sheer number of Short Sale offers that they must have, they could probably get alot off the books if they just set a system up for themselve
Read more…
**********************************
like buttons
************************