1/29/14 Made offer $99,900 and no closing assistance (seller accepted)
We had our inspection and found mold in attic, broken sump pump, and leaking pipes
Below are the updates we've been given:
3/17/14 Docs are in final review
Beginning of April we
Read more…How do I get money negotiated for the seller. The bank offers all this help and money and when the seller goes for it they say ooops too late you cant get anything now. That is bull. This seller kept paying when everyone else was walking away and get
Read more…I've got a BOA/HUD short sale approval but 2 junior liens (a local bank and a mechanics lien, both have judgements) that won't accept the $1500 ($750 each) offered by HUD/BOA. The homeowner filed bankruptcy last year but the liens weren't removed b
Read more…Hi Superstars - we have a property that we've submitted a shortsale package to Flagstar bank (Michigan) and have had No success in getting through to the 'point of contact' to postpone the trustee sale date scheduled in 2 weeks. There's quite a 'rou
Read more…Dear Superstars,
I had listed my home for shortsale in anticipation of looming financial 'distress', in order to be a pro-active seller and responsible citizen. I took actions in order to 'show good-faith' with the intention that my actions would be
Read more…I'm a buyer on a US Bank short sale property. First offer was rejected, getting prepared to make another one. The seller is $40,000 delinquent to the HOA. As part of the bargaining process, do banks generally prefer the buyer to assume the liabili
Read more…Ok , So ive been working this shortsale here in sacramento california for close to a year now. Where do i start? This SS is a fha loan. One loan with BofA. Appraised by the bank. And with an approved price. We have an Excepted cash offer with two bac
Read more…We have a Buyer attempting to purchase a new primary residence; a SFR non-FNMA short sale. We also represent the Seller in the transaction.
The Buyer is putting down 80% LTV and has 700+ credit scores. However, our Buyer has a short sale that closed
Read more…Bank of America is not very sensible or logical..duh. This one is a real doozey to understand, and it's best not to try. Just accept it..
Listed in Laguna Niguel, over 1 year ago. Original LP of $1,050,000. One Note. Investor: B of A
Offer 1:
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…I am buying a BOA short sale house. I signed the contract in Oct and received the short sale approval in the beginning of Dec 2011, loan was clear to close on 12/21 and closing was scheduled for 12/29. Few days prior to closing I was informed by the
Read more…I've been working on this one for 379 days and am on my 5th set of buyers. US Bank got it to go HAFA but the BPO came back too high so we disputed it. Now its been stuck at Freddie Mac FOREVER. HAFA deadlines be damned, they tell us they don't app
Read more…
When Chase started sending incentive solicitation letters to their borrowers in hardship early this year, many in the real estate industry were excited about the potential positive impact it could have. Sending letters to home owners offering $5,000
Read more…I have a client that I'm working with in which he has not missed any payments on his B of A loan. We actually had someone come to our office from B of A and one of the questions was whether the borrower had to be delinquent to successfully initiate
Read more…I feel like I've learned a lot since joining this site and am amazed by how much good knowledge is available for free. Now I have a question of my own ... I'm working with a local lender (Colombo Bank) who has said that they don't care who buys the
Read more…I have a BOA 1st and 2nd short sale. 2nd released deficiency completely, and the 1st will release with a $10K cash contribution from the Seller. Seller is freaking out and says they don't have $10K but the bank can see they have 2 credit cards with
Read more…We've developed a unique new process to flip an auction purchase to the short sale "C" buyer. The first lender for the short sale must be BofA, the property must be in CA, and the "C" buyer needs to be conventional financing.
Contact me if you hav
Read more…Property is in AZ. Key bank has a second and will not approve the ss. The owner has send in 4 budgets with supporting details and they keep on asking for more docs. They told them they want actual bills for their expenses including entertainment, fue
Read more…There's a 1st (Chase) and a 2nd (Key Bank) on the property. The sellers filed Chapter 11 (reorganization). Per court order, the seller's plan was confirmed. Chase filed for relief from stay and it was granted so they chose to move forward with forecl
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