Given the CDC eviction moratorium guidance and it's effect via-a-vis foreclosures, and coupled with state foreclosure pause, will the market ultimately be flooded or will the lenders create a trickle effect in order to keep prices from plummeting?
Read more…I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.
Please share your experience with Ocwen if you have
Read more…I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.
Please share your experience with Ocwen if you have
Read more…Prepare buyer & seller with time frames, potential delays & favorable options for all. Make certain you submit a "complete package & confirm with lender in writing" Do NOT accept NO as an answer. IF FHA file a ticket for additional support. Same with
Read more…Hello Short Sale Superstars!
We are set to release a Short Sale Super Star Survival Guide and we want your Tips; We want to know your BEST Short Sale Survival Tips and so does the world!!! Only Ten will be accepted so make them juicy and powerful. P
Read more…My husband and I have been Realtors and investors for the past 8 years in Ocala and just move to Tampa last year. I have specialized in short sales for most of the last 8 years, and was just approached by an investor to do a short sale with differen
Read more…Does anyone have an approval letter they can share where ALS state that there is a 120 day hold unless you purchase in Colorado and you can hold for only 14 days? I know this language exist, I just cant find it in my files!
Colorado in 2011 had a n
Read more…Hi all, I have a short sale that I have just started with Suntrust and they are going to foreclose on October 28th without even reviewing the file (which has been confirmed to be complete, including buyer's offer, arms length, etc.) because it was su
Read more…I just got referred to a client and when I pulled the prelim it showed WF has just recorded a civil foreclosure a week earlier. They still want to move forward with the short sale. My understanding is that they will have to be served the paperwork an
Read more…Almost 7months ago we put an offer on a distressed short sale home.
( Not sure if I am using the term distressed properly because what I mean is an abandoned old summer cottage that needs significant amount of work to make it liveable. The value is
Read more…Has this ever happened to anyone? Wells Fargo processor told me that she is denying the short sale because she cannot submit a foreclosure date postponement. She said, in order to submit foreclosure date postponement, she needs a complete file (which
Read more…Hi guys,
What do you tell homeowners when they are wondering whether to short sell their homes now or wait until it breaks even? I have my own personal opinion on this: www.seattleshortsaleblog.com
Because we are seeing a spike in appreciation rate w
Read more…Hey fellow colleagues, I have a couple short-sales with Nationstar and for this one particular deal, the negotiators I ahve been assigned to, are extremely slowin responding and are never available to communicate with. I started this in September an
Read more…Hello short sale experts!
Wanting to get some opinions on the extension of the mortgage forgiveness debt relief act beyond 2013. Although we were able to avert the fiscal cliff last week, the large federal deficit calls for more budget battles ahead.
Read more…Assuming that Tax Forgiveness is NOT extended past 12/31/12,
how are you advising your short sale clients selling properties that won't close until January?
Is it really better to get foreclosed after 1/1/13? Does foreclosure give a tax advantage in
Read more…I've been getting many inquiries from homeowners about what they can do if they lost their home to foreclosure and have a junior lienholder pursuing them with a deficiency judgment. I understand a chp 7 or 13 bankruptcy can alleviate this (although s
Read more…Does anyone know who to talk to or where to go to talk to someone who can postpone a foreclosure sale date in Wells Fargo. The sale date is September 18. We have had challenges with approvals on several offers on this property with the lender count
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…Hello All,
Great forum and thanks to all.
One week prior to foreclosure got a short sale submitted to BOA thru equator. Might say a VERY GOOD offer! One the phone for hours trying to get sale postponed. Did not happen. Proscessor at BOA claim it
Read more…I'm going to make this as short, but comprehensive as possible. I currently live in NJ, but am moving at the end of the school year to SW FL once our house here closes.
A few weeks ago, I found a property that was listed as a SS, but had been removed
Read more…
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