After 7 months my buyer's offer was accepted on a cute house built in 1906. Home inspection was done last week and the Inspector became very upset with the construction under the roof. The house has had several additions over the years, enclosing por
Read more…I have a seller that wants to short sell his house and he has 1 mortgage with Green Tree, I have never worked with Green Tree. How are they to work with? Currently the seller is not behind in his payments. What do I need to know about GT before I tak
Read more…Have an FHA short sale where seller is past due on condo dues. In my state if the association files certain paperwork, the condo association definitely trumps mortgage and MUST be paid.
anyone have an FHA short sale that allowed past association
Read more…Hey all,
We have a shortsale that we've been working on for a while and we actually already had an approval on it. unfortunalty the buyer's lender was a little off base, took to long, and then declined her loan. While this was happening the seller de
Read more…I have a short sale that was suppose to close twice. Bank of America is first lien holder, PNC is second lien holder. I got the first negotiated first then the second. The first was paying the second $6,000. The second wanted an additional $5500 so t
Read more…I have a good one on the buy-side in Illinois.
After only about 75 days, we got a satisfactory approval letter from Ing, which I'm told is quite a feat. The closing was supposed to be today. Thursday evening I checked with our lender and our attorney
Read more…I am currently dealing with a short sale where Citi bank have the second lien. This is not on equator due to the type of loan.
Both approval letters expired because the property did not appraise and another appraisal (and price reduction) was needed.
This is a great sight, so much wonderful information.
I am currently residing in Texas trying to SS our house in NV. We moved 6 weeks ago. The house is a Fannie Mae and the lender has flat out refused to offer a waiver. Colonial Savings, in Fort Wort
Hi everyone, I am working a short sale with Wells Fargo and have postponed the foreclosure sale date once already last month. I have an offer on this property, it is owner occupied, I have submitted all requested documentation and now Wells Fargo is
Read more…Really unsure of the direction here and hopefully someone can fill in the blanks.
1. 1st Indymac (now OneWest) and balance is under selling price
2. 2nd PNC (is HELOC) will most likely clear 8-10k at sale on a 50k balance.
Talked to Indymac today
Read more…The Lender is pushing the homeowner to do a "Deed in Lieu" on his home as we've had the property listed for over 3 months with no offers. No other liens on property and no incentives offered to homeowner by Chase, who is Lender. Why would the homeown
Read more…If seller is certified into HAFA on a USDA short sale, can the HAFA $8500 2nd lien payoff be used to pay the
$8000 1st Time home buyer credit payback penalty?
Seller purchased home 4/10 & must Short sale/sell the home prior to the 36 months . 1st ti
Read more…What can anyone tell me about a possible deficiency judgement, as anyone had this happen? I executed a short sale with my lender Aurora for a substantial amount of deficiency, recieved a W4 and paid taxes against the deficiency. My understanding is
Read more…Hey everyone,
I'm brand new to the site and just looking for a little guidance. I put an offer in on a house 6 weeks ago. I know that's not a long time for a short sale, and I'm waiting patiently (or at least trying to :)) I went directly through th
Read more…Hi all,
Thanks to all of you who have responded to my original post. I just want to let you know the outcome:
We have successfully completed the transaction and now closed, funded, and recorded. What happened is that both agents (The seller and the
Read more…Can someone advise on this Illinois home sale...?
Provident Funding is refusing to agree on a short sale for a homeowner who has a financial hardship.
Three separate sales contracts have already been submitted. The third contract submitted included
Read more…I thought you might be interested in the Fannie Mae Short Sale Assistance Desk. It's a new service that helps Realtors avoid delays on post-offer short sale issues. Here are two recent press releases:
My Florida Regional MLS Now Offering Fannie M
Read more…We are trying to buy a short sale, Wells Fargo is the sellers bank. A couple weeks ago we signed the arms-length agreement and thought we were about done. Today we find out that we are rejected because they think someone we are related to works for
Read more…Since most everyone on here is in the real estate industry, I wanted to share some fascinating info with you all. Depending on where your customers go for a home loan, their FICO score can differ dramatically. The reason for this is because FICO rele
Read more…Down in South Florida, I keep a close eye on new properties coming onto the market as possible investment options.
Increasingly I see a new entry go into the MLS, I would go and take a look and be amazed at some of the great deals out there, but whe
Read more…
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