Good afternoon yall,
Ok, so this is the first we've had a catch on this. We've got a BofA serviced file that requested the worksheet to be countered on Equator as they will not pay the $500 past HOA dues from the last year. They are telling us tha
Read more…Hi All,
It's my first time posting, but I have spent a ton of time reading these boards for all the useful information!! However, I couldn't find a whole lot that pertains to my situation. So here's the deal:
I'm under contract for a short sale
Read more…Ok , So ive been working this shortsale here in sacramento california for close to a year now. Where do i start? This SS is a fha loan. One loan with BofA. Appraised by the bank. And with an approved price. We have an Excepted cash offer with two bac
Read more…I'm struggling a little and feel like I'm going to be on the verge of fraud if I'm not careful. I have a first and second on a short sale. The first is a Fannie Mae loan and we've gotten approval.
The second lienholder is a private individual with so
Read more…I'm trying to buy a house that is on a short sale. I'm having to deal with Bank of America. I'm really confused on the whole thing and why it is taking so long. I summited my offer back on January 24. Since that time the realtor has told me many
Read more…LCS has the second and will not agree to what the first (BofA offered $3000). They want $12,000. Does anyone have any advice? The seller will go into foreclosure if we don't get them to agree.
Read more…First, this may not apply for all, but in Cook County (where Chicago is located), taxes are paid in arrears. For example, the first installment (of two installments) of taxes for 2011 will be sent out in March, 2012. So, homeowners are always paying
Read more…Advise needed on NJ Short Sale. Seller has 1st & 2nd lien on property, with 2nd being a HELOC.
1st is with BOA for Fannie Mae; 2nd is CLC or PNC for Etrade.
Turns out seller had a HELOC loan with ETrade in 2005 for $35K
Seller refinanced in 2006 (BO
Read more…I have been working an FHA Wells Fargo short sale since December (Citi is the 2nd). We had to reduce the sales price as it didn't appraise. The offer was finally rejected, Citi says because FHA didn't net the required amount. The amount they are usi
Read more…I received my short sale approval letter from Citi today and one of the terms of the approval letter is that the borrower "make all payments until the sale of the property." Has anybody closed a short sale with Citi with this language in the short s
Read more…I need advice on how to move this short sale along. I have not been able to get a decision from the assigned negotiator. It has been in the qualified stage since 2/24/2012. I have not had contact from the negotiator since same date. Countless pho
Read more…We have a Buyer attempting to purchase a new primary residence; a SFR non-FNMA short sale. We also represent the Seller in the transaction.
The Buyer is putting down 80% LTV and has 700+ credit scores. However, our Buyer has a short sale that closed
Read more…Has anyone hehard if the tax relief act might be extended? Currently it is scheduled to end at the end of this year. Without this pur clients doing short sales will pay income tax on the amount that is dismissed. Any news from RPAC on this? Thank yo
Read more…I am wondering if anyone may have any suggestions here. My client had a 2nd loan that was serviced by First Franklin. It was transferred to BOA who shows that the loan was service released, but, they have no record of where it went. I have called abo
Read more…On Friday, we had a closing scheduled and the final HUD was rejected by Chase who advised Fannie Mae will not cover pre paid items that are included in the buyer's closing costs...
The short sale was approved with $5100 in seller paid closing costs a
Read more…Hello All You Short Sale Superstars
I am attempting to purchase a short sale home and have finally received approval from all parties ( after several "surprises already) and was ready to move on inspections and loan applications using FHA Loan AND MH
Read more…Althought I'm a realtor it's been years since I sold and a SS is out of my scope of knowledge so I'm buying thru an agent and need your help.
Feb 13 she submitted my offer and for the next two months they repeatedly asked her to fax info they had, k
I have a FHA short sale with WFB. The Approval to Participate ran out on Feb 3, 2012. When the approval expired, I was told by WFB to continue to market and send in any offer that we received. On 5/14/12 we got an offer for less than the approved amo
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