Good Morning,
BofA is the secondary lien holder, with Green Tree being primary. Green Tree has offered BofA $6000 and BofA has given us verbal approval but each time they say they are sending the final approval it never comes through.
Green Tree h
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…I've read endless threads on Short Sale Superstars regarding sellers opting out of auction.com regardless of who the servicer is ( Nationstar, Ocwen, B of A). I have a buyer currently bidding on a property. Has anyone EVER successfully completed a sh
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…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…Last Short sale I closed as a listing agent was 2 years ago. I am listing a home with a purchase money loan and a second that was added when borrowers did a loan mod. B of A created a new second of $13,000 FHA, which is the total arrears of the selle
Read more…I'm a 3rd party negotiator and I've been working on a HAFA short sale since August, 2012, when I jumped in. File is Bank of America being handled by REDC. It's been one issue after another - the lack of communication and gross mismanagement is asto
Read more…I have a stand alone 2nd mtg. being worked through Equator. Strange that they asked us to negotiate the 1st before the 2nd. The 1st was then sold to another servicer, now it has been successfully negotiated by an attorney (after 8 1/2 months!)
The
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…I have a B of A Coop SS that was approved and almost made it to closing....but USDA buyer hit a bump and needed extra time. B of A would only give a short extension. We needed about another week. We were hard declined but encouraged to resubmit to ge
Read more…Being persistent is the only way to get short sales to close but when I got BOA's latest request I was floored.
Sign Purchase Contract for both real estate agents - No - against contract law in IL
Have individual names on Hud-1 - Against IL Real E
Read more…Hi All,
I am usually the one who sends people here on SSS info on how to escalate files and give out contact info but today even though we had submitted a FULL FMV CASH OFFER Bank of America FORECLOSED on a family of 5 ... the Wife/Mother is on the l
Read more…Hello Everybody,
Just received an offer on a short sale listing (B of A 1st, Chase 2nd).
The contract stipulates that the sellers cooperate with the buyers' 1031 Exchange. It's been a few years since I've even seen a 1031, let alone on a short sale
Read more…Hi All,
I have a closing tomorrow on a short sale that unfortunately I've been working for almost a year. (two servicing changes!)
So now the day before closing, the closing attorney tells me that First American Title will not allow him to sign the
Read more…Ok Let me give you a little history to this BOA file. Everything has been handled in Equator. When first negotiated the homeowner qualified for HIN plus HAFA so they got both incentives which was submitted to the investor for approval. I received
Read more…I just got this from the escrow agent about a closing that I am doing with Fannie Mae. Has anyone had any experience with this? "This file has an IRS Tax Lien right of redemption that does not expire until 01/20/2013, unless FNMA agrees to allow all
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…I have a short sale with Bank of America 1st and a 2nd with a collection agency, Compass, who works for the 2nd investor, Carrington. When we started the short sale process B of A sold the 2nd to Carringtion mortgage, who in turn gave it to there co
Read more…
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