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…My husband is active duty, we used the PCS orders hardship that came out in August 2012. Today, FM denied our short sale request based on the orders- no explanation, but the bank had warned us that our orders were 'too old' and may be denied. The o
Read more…I was working a short sale on Equator, (WFB) and the buyer walked, before we submitted the SS Affidavit and some other docs requested. I have sent message after message, including directly via email and thru the Equator system that this deal is no l
Read more…I started doing short sales in 2007. The majority of agents in the area didn't want to touch those very time consuming deals. After 5 years some agents realize that short sale are here to stay and decided to catch up and now are listing short sales.
Read more…A possible short sale client said that her mortgage lender (Bank of America) said they are not eligible for a short sale because they refinanced on their home after 1/09/2009 and their their only options are a deed-in-lieu or foreclosure.
Is this
Read more…I am thankful for all the advice in this site.
I wanted to give this tip out to others that have had issues getting a bad BPO disputed. I am the listing agent on a short sale and presented an offer to Wells Fargo that was countered at a price that wa
Read more…We subitted an offer on a Wells Fargo FHA preforeclosure. In the offer we stated that the home was located in the path of a major hail storm and requested that the insurance company be notified. If hail damage was found the seller agreed that the s
Read more…Howdy Folks -
Just curious if anyone is seeing short sale approvals when the seller isn't delinquent. We just did one, but the seller was military and being transferred out of country. Most however, the seller has been delinquent. We are seeing
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 just got short sale approved through Wells w/ BoA as a second.
Was pretty happy with results and got written approval in 60 days.
You would think this would be good news and maybe even a little attaboy pat on the back.
Well the fat lady isn't sin
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The FBI is focusing its attention on real estate brokers to see whether or not the broker submitted all offers to the lender in a short sale transaction. A real estate broker who does not submit ALL offers to the lender could be charged with being
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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