For those of you experienced with GMAC negotiations..... how does one get them to lower their 'minimum offer' expectations? We have a $242K all cash offer (no closing cost concessions) on a home here in SoCal. There is an $85K 2nd w/Green Tree that
Read more…I am the buyer's agent on this transaction. The title company scheduled a closing on June 4th. The short sale approval date was good until June 6th from Wells Fargo. The title company delayed the closing because of HOA fees. They worked that ou
Read more…Hello, I just got a SS approval on a HELOC from Wells Fargo, in the conditions it states- "Borrower agrees to waive any non bankruptcy anti-deficiency or other law or regulation that might otherwise limit or prohibit their continuing obligation to We
Read more…I have made it through every obstacle with this deal and am not willing to let it die. I have an FHA Short sale through GMAC that I have gotten approved; however, the seller did not inform me that there was 3 judgments on her. They did not even show
Read more…I REALLY need a BOA high level contact to speak with if anyone would mind sharing that information. I have a short sale I have been working for 2 years that BOA misplaced the 2nd loan on. Since they can't find what happened to it, we can't close. The
Read more…I received an counteroffer and it had indicated to Add "HIN incentive to seller $ and add "COOP incentive to seller $ I understand the COOP incentvie to seller but what is the HIN incentive to seller.
Read more…Representing buyer wanting to purchase commericial property that has both residential and office space and listing agent is telling us that we must provide an appraisal for the short sale package?? He says that this is a requirement for commerical p
Read more…Any thoughts/suggestions on how to get an Equity Line lien released after the property has closed if the former homeowner insists it was discharged with BK and title company did not pick up the lien with title search and closed on the property? Than
Read more…I had a "negotiator" with Wells Fargo on a home equity line tell me that there would be no deficiency because Oregon was a "deficiency debt release" state and sure enough the approval letter releases deficiency. However, the 1st lien with Wells Farg
Read more…Hi All,
I am planning to do a short sale on a rental property in state of CA. I bought this property in Sept 2005 and lived there for 3 years, then moved out to be closer to work. Since 2009, i have been renting this property at a loss - my rent is
Read more…I am trying to get a short sale postponed with Seterus (servicer) for a FNMA loan. We are only 1 week away from the Trustee Sale and have unfortunately just submitted the short sale package. Seterus is telling us that their investor (FNMA) will not
Read more…I have a short sale that has one lender, Indymac. I have submitted the offer and short sale package to them but ran into a glitch with them. The property I have is in Apache Junction and when my clients purchased the home in 2005 the zip code was 852
Read more…Seller purchased home 2 years ago w/ USDA financing and also received 1st Time Homebuyer credit.
Seller needs to SHORT SALE home & current w/ payments( Market value @$25K short). What are the liabilities w/ Homebuyer credit & i need info on USDA SHOR
Read more…Hello Fellow Short Sale Agents:
Just looking for some feedback from everyone on which banks you consider easier to work with and which ones make you want to pull your hair out?
I know that every file is different and every negotiator is different as
Read more…I am working on a HFC Beneficial SS and the original borrower is now deceased. Her son was left the house in the will. We have the death certificate and last will and testament on hand. We were told by the bank that we would need a court probate or
Read more…To Everyone,
I need some information with Freedom Mortgage. If you have any experience with them,
please respond.
Thanks,
Joan Hawthorne
Read more…My clients received a package from Chase HAFA giving them $3000 incentive. When we got the approval letter Chase said the seller moved out of the home and does not qualify. Now my client doesn't want to short sale because they were promised a incen
Read more…I am a buyer for a short sale property. The short sale was approved by the bank last week and we are scheduled to close in the middle of July.
However, the bank approved the HUD-1 as prepared by the seller's attorney and at the time the short sale c
I need to find a short sale specialist in Olivehurst for a seller who needs to short sale their home. I am brand new to this website so maybe I am putting this request in the wrong area? I am an agent in Rocklin Ca 916-333-8412 Kerry
Read more…MY SELLER-OWNER FILED BANKRUTPCY CHAPTER 7 AND SHE HAS INCLUDED THE HOUSE IN THE BANKRPUTCY, CAN I STILL SHORT SALE THE PROPERTY?
Read more…
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