I am in California and I have a short sale with US Bank that has a 2nd with a local bank, listed on March 23rd, 2012.
Complete package has been turned in to both banks and file is under review.
Seller received a call from US Bank collection departmen
Read more…Special Webinar: Little to No-Cost Marketing Ideas that Generate Leads
Ok – we are at the final days to register for the webinar entitled, “Little to No-Cost Marketing Ideas
that Generate Leads”. Tuesday, May 22nd at 10am PT is the day! A quick remin
We have 9 lot's of undeveloped land that we are trying to get PNC to take back w/o success. We have had many offers sent in to them ranging from $40,000.00 per lot to the latest of $60,000.00 per lot plus we just added a $100,000.00 contribution to i
Read more…Does anyone know if VA Short Sale works better with a VA buyer that is purchasing a VA short sale? I just recently received 2 offers on a VA short sale both offers are very close in price. One of the buyers is obtaining VA Financing and
Hi,
I am first time home buyer and have submitted an offer for a short sale that has been accepted by the seller and sent to the bank.
The seller’s agent uploaded the document to the equator system on 3//27/2012, and he said that we should get a
Read more…Hey Superstars....I'm trying to figure out the best way to handle this new wrench that Midland is throwing in this short sale. Appraisal was completed on the property (I'm awaiting that report now). According to the appraisal, the AC doesn't work,
Read more…Hello, I am in the process of buying a short sale. My offer (when I made it last month) was a backup and it turns out 100K over the approved short sale price. The primary offer is withdrawn due to the primary buyer moving out of state. Yesterday whe
Read more…I have been working on a short sale with Saxon Mortgage (1st lien) for a number of months and thought we were nearing approval. Saxon has been sold to Ocwen and the transfer of files is to begin May 31. I confirmed this with the Saxon negotiator toda
Read more…My situation is this... My wife recently passed from lung cancer which slashed my income by 2/3. I am disabled on oxygen 24/7 and cannot work and need to either short sale, rent or walk away. I made last months payment but money is in short supply.
Read more…Working a short sale, fannie mae no pmi, Flagstar. Fair Market Value (BPO) came back way over actual fair market value and bank denied short sale due to "unacceptable purchase offer." Any hints as to how to appeal a denial based on FMV with Flagstar?
Read more…I have a new short sale client with Seterus....can anyone give me some info on this company? Thanks very much!
Read more…The end of Wells' s Short Sale Contract Addendum has this little form, and the second sentence says: "This document also extends the contract acceptance date to within 15 days from the investors' approval"
What does this mean in practice? -- anythin
Read more…Are the short sale qualifying guidelines the same for a primary residence vs. a rental house? I have a client who is currently short selling her primary residence because of divorce. Now she wants to sell the rental she is underwater on. She coul
Read more…The bank approved the price to sell the home but Housten we have a problem. My client is not married, bought the home with her then boyfriend. Boyfriend was abusive so a judge granted an exparte and told him he had to quit claim deed the home. (Boyfr
Read more…Green Tree holds the 1st lien and had approved the short sale. BofA holds the 2nd and took so long to approve, the buyer walked. I submitted a new offer within a couple of days, and now it's stuck in the BofA ozone. Trustee's Sale is scheduled for Ma
Read more…Personally I've seen PR stunts like this since 2007. There are usually loop holes... Most of what I see in the bulletin will make sure servicers make sure they are communicating with you. However I see nothing that says things will change. Read the b
Read more…I am the selling agent on a B of A short sale where the property itself is truly distressed. There are three sump pumps in the basement. Seller moved out and turned off the electricity, resulting in literally a foot of water in the basement and mol
Read more…Hi there,
I have a military client who is being transferred to Texas from VA next month. I have a contract on his home to short sale - BOA is the servicing the loan. BOA short sale dept. will not take my calls (because my client is active duty)
Read more…I've been working on a short sale that was submitted in January...We have a CASH offer that is $15,000 more than the BPO. There's a June 5th foreclosure sale date that we're trying to avoid, and the BPO expires on June 14th. It's crunch time and I ca
Read more…Take a look at this addendum and see if you get the same reaction I did reading it. I cant see signing it the way that it is. The negotiator told me that its up to the seller to decide what is highest and best, so I told him your addendum sure doesnt
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