I am considering purchasing a short sale as an investor (paying cash so no loan involved) and have already identified a cash buyer for me to sell the property to after my purchase.
When inquiring about a simultaneous closing with the title company, I
Read more…I have received an approval letter from Flagstar but my closing agent is not satisfied with the content.
He says it does not clarify how Raidian MPI company money is to be paid as there is no separate provision for this payment and it is unclear as t
Read more…Below is copied/pasted note from negotiator. We received an approval letter today, for closing Monday, August 5th. We asked for an extension and got the following response. Does anyone know if this is a valid statement, and any ideas where I'd find i
Read more…I'm negotiating a Chase short sale with Freddie Mac as the investor and I want to share closing instructions that I was told are "fairly new." I only learned about the closing instructions the day before the close date and it was incredibly stressful
Read more…What success have any of you had in getting more than 1% of the purchase price in closing cost assistance for the buyer? I know the FHA program is technically 1% of the buyer's mortgage loan amount and all the other stuff in HUD Mortgagee letter 2008
Read more…Since 2007, I have embraced the short sale client - having gone through the process myself. Each year I have increased SS closings significantly. In 2007, as the banks created a process, I managed to close 8. In 2008, I closed 15. In 2009, I closed,
Read more…I need advise please!! BOA sent a SS Approval letter on Oct 12 to close by Oct 21. I was not required for a cash contribution or promisory note. We all close, per the approval letter terms, on Oct 21. The title co sent the wire to BOA and distributes
Read more…I'm pretty sure I know the answer...here's to hoping for different answer!
Short Sale participation letter states: "If the loan is FHA insured the seller cannot pay the Buyer’s closing costs". Q1. That's my seller's loan, right? Not the buyer's. Buye
Read more…Okay, so it's established that if the buyer is going to contribute to the second to get them to release their lien, it must be on the HUD.
However, where does it need to be on the HUD? Does it matter and what are the different implications? Does it
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