I have a new client that I started working in July 2014 on a FHA shortsale with Chase.
This new client had another attorney working on it prior so I wasn't given the complete file.
Found out about in August that it was an FHA loan and that it had an
Read more…Part of my short sale agreement included a promissory note through United Guarantee for $18k. The short sale negotiator recommended making a cash settlement offer days after closing. Does anyone have advice for the best way to go about this?
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I am wondering if anyone else has experienced this situation. We got word from our negotiator 3 weeks ago that we would have a deal if the buyers came up in sales price. The buyers went for it and we got the documentation into the negotiator. We h
Read more…While discussing and obtaining the Short Sale documentation from my sellers I found out their father is loaning them $170,000 (promissory note) for a start up business. Clients accountant advised them to deposit the funds in their personal account an
Read more…I have a beautiful approval from Provident Funding from October, requiring NO note and NO deficiency. Approval expired in November and we're still awaiting answer from 2nd. Since then, my seller has experienced a documented cut in pay A
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
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