We have had a contract on our house since Jan. on a short sale. I have read through many other stories on here and see that I am not alone. Some stories sound like I could have written them myself. The contract on our house was for $200,000 and we
Read more…Although I have been an assistant to brokers for quite some time now, I am just jumping into doing short sales. My true experience is REO's. Can anyone give a sort of step by step into the process to give me an idea of where to start. I know each ban
Read more…I recently received an acceptance for an offer I put on a short sale. My realtor said all of the paperwork has been sent to the title company for review, but there is no timeline for closing. Just wondering how long the title company process takes an
Read more…I have a client (with US Bank 1st mortgage only and no MI), who is worried that if he discloses his financials to try to complete a short sale AFTER the sheriff's sale, that the bank will stop the redemption process and sue him for Judicial Foreclos
Read more…I am working on the first $30K incentive to the seller. It expires on Aug 14 as well as the HAFA $3000. The Buyer's lender has delayed. Does anyone have experience getting an extension from Chase on the short sale with the incentive & HAFA in tact?
Read more…Hey Superstars,
are the guidlines for a FHA short sale serviced by Wells similiar to BofA ? can you initiate a wells FHA short sale in Equator ?
Read more…
I'm just starting my first one with Central Mtg., and I'm not hearing good things about them. Also, SLS (was Saxon) has second, with small HOA. Any suggestions or experience with them will be appreciated.
Thanks,
Read more…The approval letter I received this morning states:
"We will prepare and record the Satisfaction of Mortgage / Deed of Trust. We will also report the Credit Bureau "legally satisfied for less than full debt."
There is no verbiage stating specific
Read more…Has anyone gotten a deficiency waiver from Wells Fargo when the investor is Fannie Mae?
Read more…
4closure sale date set for 8/17 fed exed a package we can't get anyone to talk to us or look at it. Anyone have a contact? Thank you
Read more…I've got a file that is scheduled to close tomorrow. We have sent over the HUD1 and the closer has denied the property taxes from January 1, to August 3, 2012 and the seller's title insurance. Both charges have been on every HUD1 we have sent to th
Read more…I am negoiating with CENLAR on a HELOC and they are not willing to take less than 10% but 1st is only offering 8500.00. Borrower used the HELOC 100% for the purchase. Im I correct in that the 2nd is a non-recurse loan?
Read more…Just picked up a new short sale negotiation opportunity today. The servicer is Vanderbilt Mortgage in Tennessee. Does anyone have any tips or experience or both with them on short sales? Before I wade in I'd like to know how best to serve all part
Read more…We have had approval on the 1st with Green Tree since April 28th. Our sellers moved out of town on a job relocation mid June and now Five Brothers has come in and secured the property. Green Tree is telling us that this is normal proceedure when th
Read more…
Good morning Superstars.
Are you working with Buyers on Short Sales and tired of having your commission reduced by the listing Broker? You know what I’m talking about. The dreaded......
“Short Sale; approval of the seller's lenders(s) may be con
Has anyone dealt with Franklin Credit in New Jersey. I have a widower who lost his job six months after his wife died of cancer. He spent all of his savings trying to keep his house because his son was still in high school. Two years later we are now
Read more…Any way to get 6% commissions? ING owns the note, only paying $1400 on 2nd lien($28K), 1st is $207K due w/ $190k offer cash ,& they want Seller to pay $5k at COE. Does ING negotiate w/ their hardball Approval terms? Thx- Bob
Read more…
I have a buyer in the Chicago area that wants to buy homes in bundles. Can anyone tell me what banks are selling them. I have called many banks with no luck todate.
Read more…Hi, I'm new to this forum and to the short sale scene so pardon me if my questions are dumb.
We found a house we really like here in Florida (Gulf Coast) and are trying to get the best deal for it, We have a set budget of $175k-180k.
Bank (Chase/Mo
Read more…Remember the site rules:
1. No soliciting is allowed on this site. Do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting services on comments, posts or profiles. You may have links on
Read more…
**********************************
like buttons
************************