Good morning Superstars.
This week's tip: If you have Aurora files that were switched over to Nationstar go ahead and re-initiate the Short Sale in Equator. Unless you already had an Aurora approval you will need to start over. We've just added all
Read more…4 months ago I put an offer on a short sale and 5 weeks later the bank sent an appraiser to the house. Six weeks later the bank countered our original offer and we accepted. Six weeks after that we are told the house has an auction date and 1 week
Read more…I am dealing with a local branch of Citi Financial who hold the 2nd on this short sale. The local branch manager keeps telling me that they will only issue a 15 day approval letter, despite the fact I keep telling her that we will need a 30 day lette
Read more…Does anyone have any insights on a short sale for a reverse mortgage. Even though we have done 100's of short sales over the last eight years, this is new to us.
The home is upside down. The lender is BOA. Any guidance is appreciated.
Read more…I have a listing appointment for a short with a seller who's loan is with American Mortgage Express. Any information/contact info/document requirement list etc would be helpful! Kerry 916-333-8412 kerry4re@yahoo.com Thanks!
Read more…Settlement on a short sale (I have buyer) was postponed due to septic issues - which obviously cost my buyer extra bucks to get sorted out. Now Chase is saying they want an extra $1,000 since settlement was delayed.
Hello!? Buyer is already stretched
Read more…Anyone have any luck stopping an INDYMAC Bank Trustee Sale?? My client was mislead as a result of a con artist promising the world to produce a loan mod, of course he just took her money and ran. She has had it postponed before as a result of bankrup
Read more…Will these by allowed by the short sale lender? Specifically Owcen? If yes, what paperwork do I need? Article of Incorporated?
Read more…Has anyone found any relief with the B of A FHA Short Sale Process? I still have files that are stuck.. they've got their Short Sale Recommendations and are just sitting.. not being opened. We have done everything the process has asked.. does anyon
Read more…Any contacts would be greatly appreciated. jeff.payne@kw.com
Read more…Good morning!
I got my first short sale listing with PNC and no second. Does borrower always have to sign the deficiency agreement? The loan amount is $305k and the MV is $60k with and HOA debt of aprox $5k.
Does anyone can give me an advice how to p
Read more…I'm working on a Chase one lien FHA short sale. I received a call from the negotiator today, expecting to be advised that the PFS form was being faxed, but was instead advised that my client was declined from the program due to the property being ren
Read more…Scenario:
Citi Mortgage holds the 1st.
Chase holds the 2nd.
w/o asking Citi at this point...
Do you know if Citi allows a "seller" to contribute toward the 2nd ???
Thank you Superstars...
Rick
Read more…
I just created an account yesterday for a short sale listing of mine that requires me to go through Equator. I have an offer and don't see how I get started. Is there a tutorial? The support FAQ's don't seem to address what I'm looking for. Can someo
Read more…I have been contacted by an owner of a condo to list the unit as a short sale. The seller has 2 loans - both with BoA. The unit is worth approx 30k.
The biggest issue I see is that the seller vacated the unit in December of 2009 and has not paid an
Read more…Hello,
have few questions on a short sale purchase. here are the flow of events:
- Contract signed : 25th Jan 12
- BPO ordered by the bank: March 12
- Some docs asked to be signed by bank: May 12
- got an letter from the sellers attorney (he is ha
Read more…I have had this listing now for 81 days. It has been looked at twice in that amount of time. Older home with good sq. ft in excellent shape but, we have new construction going up all around us.
I have asked for a price reduction, submitted comps to s
Read more…I have a new listing with Bof A and was pleasently suprised that a customer service rep called me within 24 hours of submitting 3rd party auth. They said that my seller's home would be an approved short sale if we agreed to participate in their coope
Read more…My client is being transfered, but it is only 32 miles to the new location. Has anyone ever had any luck getting a Hardship approved for that short a distance? It's not so much the distance as it is the travel time due to traffic. The commute will
Read more…I just acquired a file with Wells Fargo that there is an approval. Previous agent and buyer has held the deal hostage for five months and the seller just want to be done with this. Can't balme them. I have a buyer but have to do a name change, wh
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