After all this time, having two close dates and everything ironed out, the sellers accepted a new contract and we're left standing here going what the heck happened? 187 days WASTED!
Been the buyers in a short sale since Jan. 11th. And we're getting
Read more…I am incredibly frustrated for my homeowners and for agents. We have recently had 3 homes taken back by the Lender at Trustee Sale when the investor is Fannie Mae.
In all cases they were short sales with strong offers and all docs are in. We have h
Read more…Wells pulled title on my property, and found dozens of outstanding liens which ARE NOT my clients. Keep in mind MA is an attorney state so I went to my favorite attorney working on the sale who also OWNS the title co working on the sale and got it i
Read more…I have a situation where the first and second on a short sale are requiring an approval letter from the other before they will issue an approval. On the short sale OCWEN is the first and Chase is the second. We had an approval from Chase that expir
Read more…Has anyone had the situation where the investor is asking for the contract and BOA addendums to include the ex -wife? They have been divorced for over a year and the ex-husband is the only one on the loan. The house was QCD to him as a single man and
Read more…This is not an advertisement board, it is a short sale discussion board and all posts advertising your service need to be removed or I will remove them.
Thank you
Jeff Payne, Site Moderator
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Hello All,
I need some assistance. I advise my client to call Wells Fargo to go the traditional short sale route on equator due to me reading the issues agents are having with Wells on HAFA short sales. The dilemma is she wants the $3k relocation mon
Read more…Anyone has any insight into credit union stance on short sale. I have a short sale in which Agricultural Credit Union is the 2nd lien. They will not accept the offer of the 1st lien,but they will not make a counter offer. They are just not responding
Read more…I listed a home and sold it,escrow is open and the entire short sale package has been sent to Central Mortage. Central Mortgage sent a letter to my seller saying they will review the their documents and a processor will contact the seller to discuss
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I was just asked to help with a short sale where the seller filed bankruptcy over a year ago and tells me that the mortgage on her property was discharged. First, I didn't know one could have a mortgage debt discharged. So, she says that she owes Bof
i am processing an FHA short sale under HUD guidelines, there are 2 liens attached to the subject.
the first position, Chase, approved the short sale including a $2500 contribution towards the junior lien. the junior lien is a heloc. the heloc accoun
Read more…Do any of you have a short sale package from Green Tree that you can email me?
I've been trying to get thru to their customer service line the whole day and they have 'unusually high call volume'...
My email is mirelabote@gmail.com
Thank for you
Read more…I have been trying to open a SS with Bank of America since May 31 on a VA loan. I get nothing but a bunch of I'm sorrys every time I call. They keep telling me they have all my paperwork and they don't understand why the SS has not been opened by VA
Read more…Looking for helpful information in dealing with PNC heloc.
I have read some horror stories of how it takes too long for approval and to negotiate with them. Would appreciate your telephone number as well if you comment.
Read more…Just got the short sale from *^%%. MULTIPLE liens. City taxes, state taxes - which are priority, and then there is a citibank card lien for $15,000. The property value is $97,000 via appraisal done. LITERALLY the NET to Ocwen if they allow all pa
Read more…Looking for some input:
First is Chase receiving 100% payoff - 2nd is US Bank- Had the file for 90 days and rejected. Second is receiving 67% of the balance. US Ban rejected saying owner could afford home.
Spoke to bank - Poor attitude, they r
Read more…Have a short sale B of A which is fine clients went bk over 2 years ago sba for roof replaced because of 2004 hurricane Sba included in bk but never released Lein. Now they want 3500 to remove Lein. Any ideas, thoughts or experiences. Thank you. Joyc
Read more…Has anyone heard anything about a possible extension of the Mortgage Forgiveness Debt Relief Act?
Read more…Hello,
I've reached out to 4 Realtors so far and only one got back to me saying he didn't think he had buyers for that area. The rest just left me hanging.
Anyone have any referrals for that area? This was my primary residence for 2 out of the pas
Read more…I have a client that is employed by the IRS. According to the employment contract, if this person defaults on a loan, the employment can be immediately terminated.
Would a short sale be considered a default if the person never missed a payment? (assu
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