Has anyone heard of banks restricting buyers to owner occupants only in short sales. I'm dealing with a fha backed loan and the lender says due to 'neighborhood stabilization' the sale is restricted to owner occupants. It's my first time hearing of t
Read more…Have a lovely home on the market that's a short sale. So far the bank has called me weekly (go figure!). They are very detailed and I'm working with an elderly sick woman who is doing her best to provide what's needed to get it approved. Just turned
Read more…Good morning! Fannie Mae countered offer of $122,500 to $160k. The other homes are in much better condition, but this house is newer but poorly maintained.
My question is if the buyer is unwilling to get a home inspection and/or contractor's estimat
Read more…Hello All-
I see a few threads about doing a short sale with reverse mortgages.
Has anyone had luck with closing a short sale with Financial Freedom with a reverse mortgage?
Also, anyone have an escalation contact that they deal with? I am having p
Read more…Has any one dealt with Franklin credit before? They are the jr lien holder in the short sale I am doing . Extremely rude people and not willing to negotiate at all . They want 65k to release the jr lien which has already been discharged in a bankrup
Read more…Anyone have to deal with them, if so any contact info? They are a division of Goldman Sachs and acquired billions in non-performing Mortgages from Fannie. The buyers keep meeting their price and when we submit they decline the offer and say they ne
Read more…I have a seller who is presently in Loan Modification from her original loan with Bank of America. Loan balance at that time was 800K and was down to 404K now. What will be the pay off? It is now assigned to another company and she called to request
Read more…Anyone ever dealt with a coastal carolina judgement on a short sale? Judgement is for 10k, as of today their total requested is 15k with interest added daily. Figured I would ask here just in case anyone had any advice....Thanks in advance.
Read more…We were "approved" by Wells Fargo to complete a mortgage assumption. It was during this process that we learned we have a SILENT lien on our house from a 2013 Hud Partial Claim. We were shocked- long story. Fast forward. We now cannot complete the as
Read more…Is it possible to be an asset from the bank before its listed. They foreclosed back in May 2016. If you contact the asset department with they negotiate before the property is listed? Does anybody have any numbers for loss mitigation or asset for
Read more…Hello forum.
Hoping to get some advice on options to present to 5/3. Ocwen approved the short sale of their mortgage (Deutsche Bank is the Investor) and will only pay the Jr. Lien 8% of the balance which is $4,160. 5/3 is demanding the full $51,00
Read more…Does anyone have any idea who handles Solace Financial loans? I've got a 2nd mortgage that was held by them, checked MIN and it still shows them as servicer but they appear to be out of business.
Read more…Good Afternoon
Got a question for you all. I have a file that is a short sale with SECU. This is my first ever short sale file with them. They have approved the short sale, but stated in the approval letter that they will reserve the right to pursue
Read more…Here are the different packages. Wondering if anyone's tried anything but the basic and what were your results?
Hi,
I have a SS pending on Oct 15th. We have been working on getting someone or something from HSBC involving the release of the lien. Apparently, my lawyer got them to agree on a certain amount for the release of the lien, but now it's been a while
Read more…I have a seller who has an HOA lien that far exceeds $10K. We attempted to see if the lender would pay the full amount but they stated they would only pay 12 months of the HOA. So, accordingly, we let the HOA know and they stated would accept that an
Read more…I have a client that isn't looking to short sale their home - they will likely live in it for many more years - but they bought in 2006 and have a sub-prime loan and still can't refi to get out of it. Non-Fannie/Freddie I'm told.
Does anyone have an
Read more…Hello,
We are conducting a short sale on a property that has a Wells Fargo primary, but an odd situation concerning a lien for solar panels financed through Admiral's Bank (RI.) They have stated that they will not allow the sale to go through unless
Read more…Any advise on whether to get listing agreement, enter into MLS, get contract & submit OR Request List Price guidance prior to listing??
Read more…Hi thought new rules came out last year that required all servicers or investors to share the BPO price with the seller if they request it. I asked Fannie Mae thru homepath that my client would like a copy of the BPO. Homepath told me they do not sha
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