Heres my situation: I'm using wells Fargo FHA loan I made an offer - owner approved bank countered msl or higher I counter offered msl minus 3k closing (more then 1%) Received a message from my realtor that the lender "semi approved" counter offer bu
Read more…Do you need Short Sale Commander if you don't process your own short sale?
Read more…So... back in March, I read about Major Changes to the HAFA SS process. Specifically, the occupancy requirements were to be removed from the qualification process.
However, I have yet to encounter a lender, bank, negotiator, processor or general Yah
Read more…I had a negotiator tell me she was going to close the file and not even send the buyer's highest and best to the investor for review because it was too low.
BOA has really messed up a good process. Until this month I was singing their praises...and
Read more…Hello All, I'm wondering if you can give feedback on some Marketing Strategies that have been working for you in your area to attract Distressed Sellers regarding a Short Sale? I've had some success with postcards, but looking to ramp up my marketing
Read more…I have a seller that applied for the HAFA program 3 times and he has been declined 3 times. He is now lived in the home for 2 years without making a mortage payment. Bank of America informed me that they will not even consider a short sale without
Read more…Can anyone shed any light on whether BOA will allow a purchaser to buy the
note directly from them. Had a client ask today and have never heard of a such
a thing. He said it was common practice in SC.
Read more…I have been offered two $30,000 listings with $100,000 each in financing. Owner has a 3 $20,000 houses free and clear. What are the chances that lender will demand a note secured by the free and clear properties in this situation?
Read more…This is a follow up to my previous post. Would this not be a violation of trying to collect a debt after bankruptcy. Has anyone come across this before?? what say you???
Read more…We have an approved Chase short sale -VA loan. The WDO turned up live termites which will require treatment and repairs in order to obtain a clear WDO (termite report). The negotiator at Chase has stated that VA will not pay for repairs. The Buyer
Read more…I have a short sale that the buyer wanted to buy the fridge and washer/dryer, should I show this on the HUD or out of the HUD? Should I just pretend I don't know anything about it? What is the legality of this, can anyone advise?
Read more…Does anyone know of any program that helps distressed homeowners with moving expenses. we have short sale approval but they did not qualify for any of bofa assistance hafa or coop. (california property)
Read more…Seller qualified for hafa short sale. 1st under BoA, 2nd heloc bought by real time solution llc, 3rd judgement lien. House was listed at $279k with no offer for over 8 months. Last listed price was $209k in August 2011 My offer came in at $200k with
Read more…Why on earth would a lender order a "retro appraisal" for 2006 values? This lender kept countering back at $40K more than the fair offer we have. We kept asking if they had more land included in their value. After wasting a few weeks, they finally
Read more…Aloha
I have a listing of a home that was financed by Onewest/Indymac. I was hired by the estate of the deceased homeowner. The owner passed in April, 2011. Owner became delinquent about November, 2011. Onewest is seeking pay off including penalties
Read more…I am curious if anyone else has received the same letter I have attached stating that they decline the short sale and the borrower must pay the entire balance owed. Ocwen in 2nd position, loan amount is $65k, and the borrower is current on payments.
Read more…Does anyone know If we can not get our short sale completed will PNC make us pay the judgement in full or will the negotiate on the short fall balance ?
Read more…Hi,
I am finding myself having no time to do anymore negotiation and is looking into outsourcing the tasks to someone else so that I could handle more listing appointments. I just wanted to get feedback on whose on here does not negotiate on their o
Read more…I know CA has a licensee restriction. Do other states mandate this? Is there a list somewhere?
I have a local owner with a property in two other states. We would list the properties with local Realtors, but he wants me to do the package submissio
Read more…
**********************************
like buttons
************************