I'm hearing that HUD will not allow the BUYER to pay part of the commission on a HUD Pre Foreclosure Sale?? Can anyone who knows for sure, confirm or deny this?
Here's the situation, it's a low priced sale and I have a minimum commission on my
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…Hello, first post on this website. I am needing some information if anyone can help. I am a buyer of a short sale. First a little background on the situation. I made an offer for 152,500 and the list price was 155,000 on January 31. About 2 weeks lat
Read more…As reported on CBSNEWS.COM
Banks in $25B deal to settle foreclosure
"The agreement, which the U.S. Justice Department announced Thursday after more than 16 months of negotiations involving all 50 U.S. states, federal authorities and the banks, provi
Read more…Does anyone have a point of contact at PNC Mortgage who can help stall the foreclosure auction? We have an approved short sale with second which is the deficiency. PNC Mortgage is first lien and will be paid in full, but they want to foreclose 1/9/20
Read more…Before pushing your agent to slide that short sale listing into MLS, it’s a good idea to stop and think about the first step in a short sale. Sellers get overly anxious. And it’s no wonder. Many of them have been trying in vain to do a loan modificat
Read more…Regardless of whether you are in foreclosure, if selling your home will not net enough to pay off your existing mortgages, you may want to consider selling on a short sale. For many years, there were few reasons to sell on a short sale, apart from ea
Read more…Hello Superstars,
Newbie here with a question. When a seller chooses to go with a Deed in Lieu of foreclosure, does the lender take the property to trustee sale as with a standard foreclosure? Or does the property skip the foreclosure auction al
Read more…Does anyone have any suggestions or especially inspiring stories (to give me HOPE) of getting a sale postponed (2nd time, however 1st time was automatic, we did not ask for it)
Long story short, we got approval May 10th, supposed to close by May 2
Read more…I just got this sent to me and it's very depressing
http://www.dsnews.com/articles/sp-460b-shadow-inventory-will-take-41-months-to-clear-2010-09-29
I have a foreclosure day on August 31, but I request a postpone day because I'm waiting for the desicion from Home afordable program. The foreclosure depart. say I have very low chance to get the approval for postpone the day and I'm very concern abo
Read more…I'm working on a Short sale with Dyck O’Neal, Inc as the second mortgage. The home is ready to foreclose 4/30/10. I may be able to settle the first mortgage but Dyck O’Neal, Inc. is asking for $15K or no close. They will never receive a dime if it fo
Read more…The Obama Administration is going to begin paying Homeowners $1,500 in relocation assistance for doing a short sale beginning on April 1st!
http://www.kentuckysolutions.com/obama-paying-for-short-sales
The Deed-for-Lease (D4L) Program aims to minimize neighborhood blight and encourage house price stabilization by cutting down on foreclosures, real estate-owned (REO) and vacant properties, and distressed home sales. Ok, sounds good in theory, maybe
Read more…Why would a homeowner prefer to go down the short sale route instead of deed in lieu of foreclosure? It seems like in DILF, the debt may be forgiven. Please educate me.
Read more…New Fannie Mae guidelines state a borrower who has done a "Short Sale" must only wait two years to re-establishing credit and be able to get a mortgage again. Deed-in-Lieu of Foreclosure: 4-year time period from completion date (date deed-in-lieu ex
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