4506-T Form
Does the buyer need to fill out the 4506-T form when submitting an offer.
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Can Secondary Lender Take Relocation Assistance Funds?
For my short sale, I'm approved for the $3,000 relocation assistance from my primary lender. I'm considering waiving the relo $$$ to keep secondary lender from taking it. My question is: can the secondary lender consider/take this money as addition
Read more…need advice postponing ttee sale in Cal
Working on a coop short sale/FNMA and a notice of trustee sale was just posted on the property, for July 2. BofA/REDC servicer has been stuck on a price that's now too high. We lost our first buyer, and have received 3 new offers all about the same p
Read more…Restaurant tax/food tax lien?
Anyone ever deal with this before? I've seen some crazy things but this is a first for me. Property owner used to own a restaurant and never paid the food tax. I'm scratching my head on where to begin...LOL.
Read more…Short Sale Calculator-------
Does anyone have a short sale calculator or a calculator loss severity that shows how much the bank will net if they do a short sale vs. a foreclosure?
Read more…Need shortsale negotiator ASAP
Hello everybody, we need a licensed negotiator to handle incoming offers on our listed properties. Mostly shortsale, some traditionals, working with buyers...NOT A TRANSACTION COORDINATOR.
If anybody knows someone (or somewhere we might find such a p
Read more…Denial of buyers
I'm seeing what seems to be a higher percentage of buyers getting denied for financing this year. Buyers are also seemingly having to jump through more and more hoops to get financed. Is it just me or have lender guidelines tightened significantly
Read more…Need contact for BOA 2nd and it's VA Not the same 1st and 2nd
Sometimes I feel like am idiot, so be kind please.
Both loans were originally with BOA, then BOA sold to Green Tree but still holds the 2nd. I finally got my seller approved through Green Tree but they are offering about $1,500 to BOA on the 2nd. I
Read more…BofA not wanting to pay FL incentive as promised
Why offer a program and then do the bait and switch with the seller at the end?
Seller was told absolutely you qualify and this is the amount that you will receive. Now they are trying to tell seller sorry but Freddie Mac does not participate.
Fredd
Read more…OCWEN file submitted to underwriters . . . does this mean the offer is accepted w/o negotiation?
Is it reasonable to assume OCWEN is accepting my offer (no negotiation) when they said today they are sending the paperwork to underwriting and will call again in 1 1/2 to 2 wks??
I am a cash buyer and they commented my realtor's paperwork was very c
Read more…AMO (formerly utls) saya BAC equator glitch causing delay
Hafa short sale has been an ongoing process with Amo since November. The price of the offer is high enough to yield 98% of what is owed. Second lien at greentree has agreed to 6 k max allowed under hafa and has confirmed this in writing. April 11 we
Read more…etrade - has anyone done a 1st and 2nd?
I have an e-trade short sale coming up. My sellers have both their 1st and 2nd with e-trade, including e-trade as the investor. Please share any experiences you may have had, including escalation numbers. Thanks!
Read more…closing cost guidelines when the seller has an FHA loan and the Buyer is getting a New VA Loan
"I have a listing agent for an FHA short sale, servicer is BOA. Buyer has a new VA loan and BOA says HUD will only pay 1% of the buyers closing cost, I thought this ruling only applied to new FHA loans? The Mortgage Letter 2008-43 only address New F
Read more…Home Owner tax Exemption
I am looking for documentation supporting my belief a loan modification does not change the purchase money status of a mortgage. Any help would be appreciated.
Michael Jalone
Read more…TCF..NO REPLY
TCF is the second lein holder. CITI is in the process of approval. My S S negotiator gets NO response from her calls to TCF. Any ideas ?
Read more…CCO Mortgage - Senior Level Contact
I've got a stalled file with CCO and need an upper level contact to escalate. Jigsaw, Facebook, LinkedIn all proved unsuccessful. Any help would be appreciated.
Read more…Household Finance
Looking for information anyone might have about Household Finance. I will be listing a short sale with them. Thanking you in advance!
Read more…Short Sale after Foreclosure sale?
Hello All,
Great forum and thanks to all.
One week prior to foreclosure got a short sale submitted to BOA thru equator. Might say a VERY GOOD offer! One the phone for hours trying to get sale postponed. Did not happen. Proscessor at BOA claim it
Read more…Stopping payment on only the second to make it go away??
I have a seller that has had a couple of people he knows that stopped payment on the second lien and then negotiated and got it released. He then had confirmation from a lawyer that it may be possible to do. I have never heard this situation going we
Read more…I am a buyer asking for advice on a short sale
hello ,
I have currently put in an offer on a home , that I did not know was a short sale until after we sent the offer in . We obviously did not get the normal 24 hour response on our offer, but the strange thing is , the day we were suppose to he
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