Trying to purchase a house on a short sale in Illinois. I'm currently about 5 months in. Can someone please let me know what else I should expect at this point?
I know there are 2 lenders that the seller's lawyer was negotiating with because they ke
Read more…I am processing a short sale through Chase and they have informed me that they want me to remove my $350 short sale processing fee that was disclosed on the MLS listing, agreed to in writing on the PA as well as a short sale addendum to PA. I told t
Read more…I am the buyer of an Ocwen short sale. I am one of the lucky ones who had to go through the new CFPB approval process, which took about 2.5 weeks. The offer then went to the investors and was verbally approved. We have been waiting for the actual app
Read more…I have a client who has changed her mind to sell her property and instead wants to rent it. The fee the MLS charges to withdraw is $25. I have heard other agents say they have passed the fee along to the seller. Has anyone else had experience with th
Read more…I had to write about this-- maybe because of freedom of speech or just to see if anyone else finds this to be strange. I have been working on a HAFA short sale with Pennymac as the 1st loan. Pennymac offices are apparently local to my area. Long stor
Read more…Friday my realtor has my hubby and I sign an addendum to extend our contract to FEBRUARY bc after 2 months the house we are trying to buy is now supposed to be coming out of the Home Retention Dept and the file is SUPPOSED to be getting an assigned n
Read more…Here is the latest news on what hopefully will be home. My question is does anyone have any advise on about how much longer this will take from here because my realtors assistant doesn't seem to know and that is who I am frequently stuck dealling wit
Read more…Just had a buyer walk the same day I received short sale approval on a Suntrust 2nd. Already had the 1st approved with Seterus.
I was able to get a 2nd buyer to meet the price and terms that the approvals were set upon. However, I haven't had to r
Read more…Hello All,
We have been seller approved since April on a home in So California, and are awaiting bofa approval.
We just found out that the traditional shortsale went to a COOP short sale in August.
We just got notified that it is now set up for Au
Hi, all. This sounds elementary, but GMAC is telling me that buyers, sellers nor agents can contribute to the subordinate liens. The MHA guidelines do not address the buyers making contributions, unless I am missing something. The buyer is willing
Read more…Is this still possible with the Arm's Length Disclosure?
Read more…I got the short sale approved within 2 months.. I really didn't think it would be that quick but now my seller doesn't want to move. The bank has given us one month and she feels thats too much of a short notice. Now, All I could do is wait it out.
Read more…i need help to better understand this.... More and more, I'm seeing this situation (and proposed strategy) to help get the second lien holder to cooperate with the short sale by having the buyer write in an addendum that buyer will agree to contribu
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