I have an FHA short sale with a non-occupying co-borrower that does not want to participate in the short sale. I know that for a loan modification a quit claim deed is all the servicer needs, but the negotiator is saying everyone on the loan must pro
Read more…UPDATE: Thank you for all of your responses! I am representing the seller. The buyers agreed to make the repairs before settlement to meet the FHA guidelines. We had disclosed that there was a mold-like substance noted, but not tested. The previ
Read more…Today I found out that my realtors secretary is leaving the company. She has been the contact but she has a replacement. My huuby and I are now trying for the 3rd time to buy our 1st home and it seems every home for salw in our small town is a BoA sh
Read more…My client owns a 2 family home which has served as his primary residence since he originally purchased the property. Until recently a tenant occupied the second unit. Five months after initially submitting a complete short sale package to MetLife,
Read more…I got an approval from Chase however it does not address the deficiency with the borrower. The negotiator told me that on the FHA loans that I would need to talk to HUD or FHA to get a document releasing the borrower. I spoke to both HUD and FHA and
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
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