After process a short sale for over a year and providing all the right documents the bank decline the offer twice by saying "the current buyer does not meet the investor's quality standards".
They refuse to say if the offer price is too low or anythi
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…4.5 months ago my husband and I submitted an offer on a home listed as a short sale property. It was quickly accepted by the seller (on Oct 6th, 2012). About a week later on Oct 12th we got an email from the sellers agent and attorney that "the offe
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…I am a buyer for a short sale in Massachusetts. My offer was accepted by the Seller on February 3rd but I honestly have no idea where we are in the process. The seller's agent was using a title company for negotiation the first 2 months. The only
Read more…HI, I desperately need the phone number of Wells Fargo legal department. Without boring you all with the details. I have a sale, where after sending a signed and notarized third party authorization letter to Wells Fargo back in November and having co
Read more…I have a short sale where Freddie is the investor and we were given the short sale affidavit. It's been fun trying to get it notarized by all parties, anyway, I read where some agents have been able to get this done at closing then submit it, even th
Read more…Hi y'all. Wells problem. Negotiator, Trey Johnson out of Ft Mill, SC is demanding $122K on short sale when we have had it previously approved twice, at $107K & $110K. He will not call back even when we email him directly. File being worked via Equato
Read more…So here's the situation. Home has toxic chinese drywall. Sellers didn't qualify for HAFA. Have a buyer at $40K who is going to rehab the house. Seller has tried to sue the drywall company but they are MIA/bankrupt and its not likely she'll see an
Read more…What's everyones thoughts on the recent MHA Servicer results through July 2011??
Read more…We submitted a complete file to Wells on June 14th including an offer. Wells did not respond for almost a week. The sale date is set for the 27th. They said that they would not postpone any sale unless there was an approval on the short sale. The
Read more…I have done short sales, but I would think that there are companies out there who for a fee, can negotiate with the banks better than I can.
Read more…Has anyone been denied approval by the bank in a tenant occupied property where the tenant has made an offer? The bank is saying this is not an "Arms Length" transaction. The property is managed by a brokerage. Is this in violation of Fair Housing R
Read more…Has anyone worked or closed a short sale with Primary Financial Services, LLC based in Phoenix AZ? They are the collection company Wells Fargo Home Equity sells off to. I'm working a file where Wells is the 1st and PFS is the 2nd. Wells has agreed to
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