Situation: My seller was approved for HAFA with buyer #1 on her short sale.
Buyer #1 walked a week before B of A approved short sale (with $3,000 HAFA) for $165,000.Tired of waiting.
Buyer #2 was slid in with an offer of $150,000 & walked 2 weeks lat
Read more…Question....
Is there a way for me to quickly look up tax liens and 3rd party liens against a property?
Thanks!
Read more…Hi all:
I haven't done a BofA short sale in 2 years. All of the SS I have done were on the Seller Side; and this is my 1st representing the buyer.
Negotiator is saying that buyer is not entitled to an incentive. But on all the BofA SS's I have d
Read more…I have a Wells Fargo short sale ap that is taking forever. It moved to negotiation almost 3 weeks ago, and today I heard from the for the first time since it moved. I got a request to resubmit three documents: the listing agreement, hardship suppor
Read more…Per borrower, NO 2nd lien information available. Stopped paying over a year ago, no coupons, paperwork, can't remember name, etc... All she knows is that it went to an unknown collections agency. Title just shows Mortgage Electronic Registration Sys
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Good morning Superstars.
A big welcome to our 100+ new Superstars this week. Did you know one of the best features of Short Sale Superstars is having Lender info at your fingertips. We currently have 129 groups set up for Lenders.
Do you.......
Read more…I was searching what's on the market this morning and I see the short sale house we're involved in is now being listed as Lis Pendens. I know this means pre foreclosure, but what does it mean for our short sale?
I am so disappointed in this process.
Read more…Hello all.
I was wondering if anyone has experience with Citi Mortage. I am a buyer and put an offer in on a short sale home in March (St. Petersburg, FL). A BPO was ordered from Citi in the beginning of May. After it was returned, they said it was
Read more…Has anyone had Bank of America offer your Seller a Deed in Lieu when you were in the middle of a short sale? Bank of America has offered one of our Sellers a DIL and a waiver of the deficiency if they do a dil. We are waiting to hear if they will w
Read more…News to me. Have a Short Sale with GMAC. Just submitted offer + supporting docs. Get a call from a guy that says, "I'm working for FNMAE backed short sales..I will be your negotiator with the Investor." Hmmm. I talked to GMAC and they confirmed
Read more…Just got off phone with an upper level exec and was told...wait for it...that PNC has a grand total of THREE short sale processors. COMPANY WIDE. One of which has only been on the job for a month. Henceforth, docs requested by PNC not received wit
Read more…Have a short sale with Wells Fargo FHA loan Did the comps - put for sale @ 68500 Had 15 offers within 10 days (put in MLS must be on market 10 days before seller would review any offers) ... seller accepted cash offer for $75K Wells did appraisal d
Read more…I hope you all don't mind us Buyers posting questions - but this is one of the few site resources I've found for getting real information on short sales! So thank you for that!
As I said we are the buyer on a SS - Quicken is 1st and PNC is 2nd. We
Read more…I have read in previous blogs that I can tweet the boa team for help in escalation but can't find it now.
Can anyone help with this?
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Hi Everyone,
I have a quick question about a Bank of America Co-op shortsale. Sellers do not live in the property and it's been an income property for years. Have any of you had a seller qualify for "relocation" expenses from a co-op sale when it
Read more…When you receive an approval letter on a short sale that includes a deficiency release, can the MI company come back to the borrower for a contribution or not release them from the deficiency?
Read more…Hi Superstars. If you missed this great Webinar on Tuesday here's the replay for you. Enjoy!!
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Hi everyone:
New to the site. I live in a very small mountain town and a weekly newspaper is our main advertising venue. I've done short sales for the past two years very successfully and would now like to start advertising for local clients. Does an
Read more…My good friend's boyfriend has gone through some very tough times financially after his divorce and was also facing a loss in business as a general contractor since the economy took a hit. He applied for a modification with B of A and was denied, how
Read more…Help! I have done several short-sales, representing both buyers and sellers. This one has me stumped. My buyer is in ‘second place’ on this short-sale. There are two loans. The first has agreed to the terms submitted by the first buyer. The second
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