I was just wondering once you receive an approval on a short sale if you share the approval letter with the other party? Is it okay to share the letter with the sellers personal information with the other party to the transaction?
Read more…I need experienced agent in Auburn Washington for Short Sale of 4-plex. Must have experience in short sale of multi family. Please contact me. Katy C.
Read more…Although I have sold numerous short sales this is my first with GMAC. One lender only. My concern is the possibilty of a deficiency judgment for my seller. Has anyone closed with them recently in Florida?
Read more…I have a short sale opened. The seller filed for BK, the second lien belonged to GMAC in 2007. It was charged off. GMAC says they do not have any record of it. Does anyone know who GMAC sold their liens to ??
Read more…I remember someone stating that financial documents are not required for a short sale when the seller has included the home into their BK 7. So, when you make first contact with the lender(s), do you just say that the seller filed but want to short
Read more…US Bank is the second on this loan. They lost files in the process and closed out the file so we had to restart. (oops sorry but you will have to begin again even though it is our fault). To begin with they took forever to get going and now with t
Read more…I would like to list and short sell / negotiate my broker's personal home. Any problems regarding arms length and/or related issues?
Read more…Good morning Superstars.
You’re invited to join many other Real Estate Professionals, and myself, at a special webinar event
coming up with the guys at Direct Business Marketing – www.DirectBusinessMarketing.com. Take a
moment to register for the even
Isn't it interesting how Citi plans to avoid paying to foreclose in the future? Now they can just evict instead......
CitiMortgage%20to%20Launch%20Home%20Rental%20Program%20as%20Foreclosure%20Alternative.mht
Read more…As usual, we have approval on the first TD but Springleaf is stalling. States they won't do the SS but that we "should just send another letter" explaining that the seller is qualified for HAFA but will receive nothing if Springleaf does not agree to
Read more…I've been posting our SS drama (we are buyer) here for clarification from all the knowledgeable agents I've encountered here and now we have a new twist. Quick background:
June 28th - email from agent: "The 2nd (PNC) lien has accepted, it has now b
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Short Sale Superstars is reaching a big milestone this week . We are about 7 days away from having 10,000 members!!!
Wendy and I knew we were onto something when we started Short Sale Superstars 3 years ago but never imagined we would one day h
Read more…Good morning Superstars.
Don't forget to join us today for the F.REE lead generation Webinar. 1 pm Eastern time.
Special guest star, Jeff Payne, will be joining us to share what he does to generate short sale listings.
It’s 20
Read more…I know I have seen this question before, my FHA short sale property has two liens. My seller has talked to the attorney's office who is collecting and made a settlement offer. Can I negoiate to reduce sales price to include payoff on liens? I know
Read more…Hi, I saw a property that is vacant and contacted the town tax collector. They told me who the owner is but they only gave me his name, no address or contact, they stated they don't keep that on record, hard to comprehend because how would they know
Read more…I'm trying to close a short sale where the First Lien holder is Chase and the 2nd is GMAC.
The same short sale was approved by both lenders in June, but unfortunately we needed an extension.
The amount agreed to release the 2nd, was $2,500. Chase has
Read more…We were surprised to receive a quick decline of a sale which pays off 85% of the PNC second. Is this their standard approach to try to get seller contributions?
Read more…I am having a problem with a Cenlar HELOC on a HAFA short sale. First has accepted offer and is contibuting 8500.00 to the second. Second wants 10% or 14780.00. They have actually sent me an approval letter asking that we send 6280.00 outside of
Read more…I have a potential client who owns 2 homes. He is renting out home #1 and living in home #2. He wants to short sell home #1. Am I correct in assuming that he will owe taxes from the bank issued 1099-C?
Also, any word on if the Mortgage Relief Act
Read more…I have been trying to get an FHA file open since June 21, 2012 when it was imaged into BOA's system. For whatever reason I have not been able to get the file open even though they have all the documents necessary to do so. The foreclosure date was
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