HSBC Beneficial
Has anyone worked with HSBC Beneficial on a HAFA short sale? Were they very responsive & timely?
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Buyer gets s.s. approved but listing agent is now M.I.A.
Hey guys, I am posting this for a friend of mine who doesn't want his name used because you never know who is reading these sites. My friend and his wife made an offer on a short sale house in CT and now they can't get a response from the listing age
Read more…Where am I in shortsale process
I am a buyer for a short sale in Massachusetts. My offer was accepted by the Seller on February 3rd but I honestly have no idea where we are in the process. The seller's agent was using a title company for negotiation the first 2 months. The only
Read more…No LUCK with Short Sale Mailings
Remember these two basic realities...
1. Return on direct mail is less than 1.5% So, if you mail out 100 pieces you generally receive ONE RESPONSE almost not worth the effort...
2. 70% of all homeowners that have been foreclosed. Never reached ou
Read more…BofA closing files
I've had BofA close out my files in Equator and I'm not getting any reason why. Has this happened to anyone?
Read more…Wells Fargo Short Sale
Help please.
Submitted a WF short sale through Equator. Uploaded all documents requested. Negotiator emailed that file is being removed because there is a surplus. Monthly financial statement asks for monthly NET info which was submitted via Equator
Read more…B of A Short sale and USDA will not take Appraised value
I have a short sale that I have been working on for 6 months with B of A. We are to close on the 15 and the lender USDA would not take the value that the appraisal came in at. There is a swimming pool that has a value of $5000.00 and USDA said they
Read more…Fannie Mae Offer Approval
By way of introduction, I am a real estate broker in CA, and a cash buyer investing in a SS property in Reno, Nevada. Although I am involved in real estate, it is in the commercial arena, so SS's are new to me from a process standpoint. My question
Read more…Flagstar FHA HELP
Does anyone know who I can contact in the Short Sale FHA department of Flagstar?? I received an approval to participate and faxed all of the documenation required, they are telling me now after I confirmed 3 times they had everything they needed that
Read more…3 liens, does Seller have to go with HAFA
Seller has 1st lien w/ CHASE $90k , 2nd lien CHASE HELOC $95K, & 3rd lien HFC at $35k.
MV is $95K
Should Seller go w/ HAFA or not. Seller would like to rent back from Buyer/ Investor.
Read more…HELP!! Buyer looking for answers about a short sale...
I'm going to make this as short, but comprehensive as possible. I currently live in NJ, but am moving at the end of the school year to SW FL once our house here closes.
A few weeks ago, I found a property that was listed as a SS, but had been removed
Read more…SS with Central Mortgage
I am currenty negotiating a short sale with Central Mortgage. Central Mortgage has counter the buyer's offer based on what I believe to be a bad BPO. The negotiator Tina Moore; whom is very nice states that she can not submit the buyer's raised off
Read more…Who pays to turn the utilities back on when the bank shut them off?
Hi
I have a HSBC short sale approval to close in the next few weeks . The seller has moved out of state . HSBC had the property winterized last fall and the electric is off. Will HSBC pay to have everything turned back on ? Thanks again ! Jeann
Read more…BoA Short Sale- Central FL
I just wanted to say thanks for those that created and have kept this site running. A big thank you also to those whom are experienced in this complex and ever changing process that share their wisdom and knowledge. It has been a huge help as a refug
Read more…Agents who can never get their short sales approved. Do you think their brokers should be held accountable?
I started doing short sales in 2007. The majority of agents in the area didn't want to touch those very time consuming deals. After 5 years some agents realize that short sale are here to stay and decided to catch up and now are listing short sales.
Read more…Can the seller stop the short sale right befor it goes to investor for approval??
We've been in the process of buying a short sale for the past 3.5 months. We just got a counter offer front the bank 2 days ago, which we accepted, and its about to go for final approval from the investor. We got an email form the sellers agent, who
Read more…Commercial short sale a portion of loan portfollio
I am attempting to SHORT SALE commercial vacant land condo lots approved by governing authorities.
These lots are part of the borrowers total loan. The lender received this portfolio by taking over another
bank thru FDIC bank take over.
Do I do anyth
Read more…Is it normal for Agent to go to another office, but still handle SS??
We have been working with 2 agents from the same office in the purchase of a SS. Agent 1 appeared to be the "point person" with Agent 2 assisting along the way (We assumed 1 didn't have as much SS experience as 2). Anyway, we received noticed from
Read more…Short Selling after Receiving First Time Homebuyer Tax Credit
Seller received the initial $7500 first time homebuyer tax credit. She is now upside down and unable to find work and needs to relocate. Who knows, or where can I find information about the consequences to her of repayment of the tax credit if she
Read more…Minimum commission on HUD PFS ??
I'm hearing that HUD will not allow the BUYER to pay part of the commission on a HUD Pre Foreclosure Sale?? Can anyone who knows for sure, confirm or deny this?
Here's the situation, it's a low priced sale and I have a minimum commission on my
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