Hi Everyone -
I got in an FHA Approval to Participate letter in which the valuation on the property is too high. In fact, we are listed at 15K less than the appraised value for the ATP and can barely get any showings.
Servicer (PennyMac) hasn't be
Read more…I am very very bias, I have interviewed those who are making a CONSIDERABLE sum of money from working short sales (and I coach to do short sales as well)
However, I know that many of you are coming back to the site and really trying to figure out if
Read more…K.I.S.S.
I am a fan of Seth Godin books and his permission based marketing, it is always easier to be an advocate than a salesperson. WE are asking people who are in distress to list and sell their homes.
Here are a few ideas to help you get some id
Read more…Recently I have been working on several FHA short sales with different lenders (BofA, Wells Fargo, Chase and Citi). After a lengthy review of the short sale paperwork they are demanding that the house be listed but not providing an Approval to Parti
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…Looks like B of A is now sending out letters for Mortgage to Lease.
They will forgive the debt and the Seller gets to stay in the home at a reduced rent.
There are conditions of course, but it is out there.
For a Seller who does not want to sell and
Read more…Hello All-
Would love to tar and feather a SunTrust Negotiator right now. I have about a $750,000 (can't give specific as it is not closed) contract and I have both sides of the deal. I expected a cut to 5% from the 6% listing agreement, plus it stat
Read more…I would love some input here! I have a new SS transaction with BAC as the FIRST, which is not being shorted, and IndyMac as the 2nd. BAC has sent a notice of default (we live in AZ) with an auction date set for June 22. Since they will get all of
Read more…I am currently selling a BOA short sale. I have had several new companies contact me about working for them. Which companies BPO's lead to listings? I don't want to be a BPO agent, I want to be a selling agent.
Read more…I am working on a short sale where PNC mortgage has both the 1st and the 2nd -- completely different negotiators. 1st is owned by Fannie Mae. 2nd investor is undisclosed.
We have approval from the 1st with 6% contribution to the 2nd approved. Nego
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
Read more…
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