Hello, I have a client that will need to relocate out of the area to stay employed. They have a BofA FHA loan and currently haven't missed a payment. I'm looking at the BofA FHA Short Sale Request form and it says "If you have the ability to make y
Read more…PNC called today stating that they will be sending the file to charge off since client is now 6months behind. Stated we would have to start over on the approval. Has any one had this done to them.
Oscar
Read more…Hi guys, I currently have a Short Sale with Wells Fargo and I just came to find out that they have recorded a $14K lien onto the property and before they can proceed with the SS in Equator, I have to get that lien released for $2500 or less. Well..
Read more…specifically in regards to what % of buyer's closing costs they will allow to be paid? I always here 3% MAX and I just wanted to see this in writing. Thanks!
Read more…I just received a call from a person who lives in Gettyburg, Maryland who has a townhome with two loans. Chase - $235K and BofA - $53K.
I'm a short sale agent in Minnesota and this is a referral from one of my clients. Not looking for any compensati
Read more…I am intrigued by the potential of buying notes directly from the bank or be involved in some part of that mechanism. I think it may well be the next method of divesting the millions of non perfoming notes as this whole debacle continues to evolve.
Read more…I have a second TD with LCS, formerly with EMC. LCS will not budge off an offer to settle at 80%. Anybody have experience with EMC which suggests that I mightbe able to go back and negotiate with them directly?
Read more…The agency currently get only 36cents on foreclosures... They don't discuss short sales at all.
Read more…Our short sale has reached it's bitter end. After 150 days (that's 6 months!) of riding the short sale roller coaster blind folded, we've crashed!
We went thru the whole sale, every step and agonizing slow motion torture, but always we thought and h
Read more…Need some advice / suggestions - once again! We are the buyer on a SS - 180 days in as of today and still waiting for approval. We went ahead with our lender appraisal in an effort to save time and it came back at $30k under our offer price which w
Read more…Hi Marta,
I'd like to hear how this all unfolds. Unless the person who has the judgment filed a lis pendens against the property, it seems to me that it could still be sold and the judgment be a personal judgment that remains in force. But I have a f
Read more…I am curious about members experience in how they handle application to an association when lender approval is still pending. In Florida, application to association is to be done upon an a specified number days agreed to after Effective Day. Some as
Read more…Does anyone have any advice about getting an IRS tax lien removed faster? We are they buyer on a short sale and the seller has a federal tax lien. Apparently she has sent all the paperwork in and we are now just waiting for an answer. I don't know i
Read more…My clients have been offered a "mediation" from Citi bank. Has anyone ever heard of this? It sounds like they are being taken on the path of a loan modification that just won't work for them, but they want to continue forward in talking with Citi -
Read more…This the 2nd time in 45 days I am facing this dilemna.
The 1st will only pay $6000 on a Freddie Mac in the 1st deal. The owner had a deal lined up to bring $4000 to the 1st mortgage for an approval with a full release, and a deal with the second for
Read more…For the past few years I have been negotiating deals with only one loan and refer all others that has more than one out to another agent in the office. Right now I am considering doing it all with an assistance just so I know exactly what is going o
Read more…Have a first with Wells Fargo and a small $19,000 second with e*Trade. Client did go thru HAMP and had loan modification but still can't afford the payments. We started down the HAFA route but I haven't seen anything regarding e*trade taking part i
Read more…I know I have chatted about this before, but I am still STUCK! I have now 4 B of A FHA Shorts, soon to be 5.. that are just sitting within the B of A dept. Has anyone been able to find a way around this or a solution? The Social Media Team at B of
Read more…Been working with BOA to get a HAFA file approved since 10/2011, 2nd offer 3/2012. There were many delays with the previous file due to no fault of the sellers. With the assistance of the Twitter team we are now able achieve quicker results. The $3k
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