I apologize for the length, but below is our story....any comments suggestions are extremely appreciated! Thanks to all for your valuable information throughout the site!!!
My Fiancé and I currently are currently under contract on a pro
I have a short sale involving First Franklin and Nationpoint.
Does it make sense that Nationpoint originated this loan and they loaned 40k and then First Franklin loaned 159k as the second???
I haven't run into this before.
I'm stumped as to why Nationp
Short Sale rent backs are a great solution for a lot of people, but a lot of banks have you sign an "Arms Length Affidavit" that doesn't allow it. From reading through some comments, it looks like some banks allow it, and some don't. I thought it w
Read more…I have done everything, and borrower has done everything on BOA/SS site too. All of our tasks are complete and confirmed by BOA/Equator rep. My conversations for the last 4 days with BOA/Equator say that there is one (1) task yet to be done by the
Read more…This seems to be the question all of us wish we had a more clear answer to here in the Pacific Northwest.
Typically B of A is our toughest short sale. We are seeing a trend of 4 months before the sellers are hearing back from them and typically they a
I had a client ask me how his credit report would differ if the bank accepted a short sale as payment in full or if they went after a deficiency judgement. If they go after a deficiency judgement does the balance just show as a outstanding loan? Has
Read more…Comments about the Negotiator interview Part 2
Comments about the Negotiator interview Part 1
I've been wondering if there are any agents here who have been marketing through social media platforms, I'd like to see if anyone have some solid successful short sale marketing plans to reach potential short sale sellers? Have anyone tried to orga
Read more…Lately, I've run into two servicers asking for Sellers or Buyers to pay them a Short Sale processing fee, management fee or whatever they choose to call it. A 1% fee seems to be the magical number. Is anyone else seeing an increase in this? It doesn
Read more…Okay, I know you're thinking, 'Is she blonde or something?' because I'm back with the same question! I have a buyer who is THE perfect short sale buyer--living in a home that he won't sell until his next home closes and doesn't have to sell his curr
Read more…What a classy looking site guys! Wendy, I KNOW you love it!! I love the easy accessibility for the sellers to find agents and the look is clean, crisp and classy! AWESOME! Debe
Read more…This week I had three offers on short sales. Despite my MLS instructions to allow 120 days for approval, each has a 30-45 day closing! In addition, each asked for ALL THE CLOSING COSTS to be paid by Bank of America. BOFA WILL NOT PAY ALL CLOSING COST
Read more…The Deed-for-Lease (D4L) Program aims to minimize neighborhood blight and encourage house price stabilization by cutting down on foreclosures, real estate-owned (REO) and vacant properties, and distressed home sales. Ok, sounds good in theory, maybe
Read more…I have heard, but not confirmed, that the success rate and commission level with an attorney negotiated short sale is much higher. I have also heard that the bank will typically pay attorney's fees. That sounds wonderful, but has anyone ever experien
Read more…Has anybody noticed the increased activity with lenders the last couple of weeks? I have files that have been sitting for months that are finally getting ready to be approved. The frustrating part of course is that after 6 months of nothing they sen
Read more…We have 2 of our short sale files that are now requesting that the file be handled through National Quick Sale. It is $99 to set up (they waived the fee for me). Now they are also telling us that they are going to charge 1% of the purchase price & a
Read more…I am just finishing on line class from Certified Distressed Property Expert. Anyone else taken this course? Has a lot of great information.
Read more…WAMU changes the final HUD day of Funding!! Anyone ever had this happen? Came back saying they won't pay title fees??
Read more…I just recently started working with one of my sellers on a short sale. Previously, I've had clients contact companies that handle short sales. I've now listened to the Short Sale Program by Bryant and Wendy along with do a Certified Short Sale Profe
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