Hi Everyone.
I am buying a short sale where I am making cash contributions to the second lender. My lender is Provident Funding. Does anyone know if Provident funding allows for cash contributions? My broker has an email out to them awaiting an
Read more…Bank of America is not very sensible or logical..duh. This one is a real doozey to understand, and it's best not to try. Just accept it..
Listed in Laguna Niguel, over 1 year ago. Original LP of $1,050,000. One Note. Investor: B of A
Offer 1:
Read more…With more and more notarized documents needed, I'm wondering, will banks balk if I get a notary license and notarize the signatures (while being the listing agent on the same file?).
It would save a lot of running around and hoping the notary at wh
Read more…I am a buyer in a short sale and the sellers are in a pickle where the 1st will not fully satisfy what the 2nd requires for payoff. I really want the house, but am not sure it is customary or wise to pay more out of pocket than the seller is contrib
Read more…I'm wondering if anyone has had increased crime get approved as a reason for doing a short sale? I've had economic circumstances (job loss, pay cuts), divorce, death, illness, and relocation. But I've now got a circumstance where the homeowners purch
Read more…I'm posting this both as a warning to carefully read every single line of letters your lender sends (even when you think it is a duplicate copy) and to ask if anyone else has had this happen to them, and if so how it was resolved. Here's my story:
Aft
Ok, we know Short Sales are a grind, so why not share some humor? I'll start with this nifty little video I made...
https://www.youtube.com/watch?feature=player_embedded&v=w1mv7YF2lsM
Read more…Anyone ever heard of a bank accepting a lease to own on a short sale? I had an investor approach me about it.
Read more…I need some help. I have a second (Old Republic) who is demanding 8K for an original balance of 77K to release the lien. This is running through BofA's Cooperative program, which they will only pay 6% up to 6K. In this case $4568. The buyer is willin
Read more…Bank of America just announced its new Valuation Dispute Process. Here is the link: https://realestateagent.bankofamerica.com/ptff.aspx?p=293
What are your thoughts?
Read more…So...this is an unofficial report but my contacts at Chase are saying there is "buzz" that they may move some or all files to Equator by the end of summer...anyone else heard this yet?
Read more…Ok the lender for a person on the deed of a deed in lieu but not on the mortgage was told by Quicken Loans that they are not qualified for a loan. That does not seem right. Anyone can be on the title/deed but why punish a person not on the mortgage
Read more…So for those of you who know the PFS program very well I have a question you know on the ATP how it states language like this
Acceptable Terms of Sale
Program criteria require that “net” amount payable to
HUD as a result of
Read more…Working on a short sale where Bank of New York Mellon is the investor. The servicer (Nationstar) is cutting commissions and blaming it on BofNY Mellon. I think it's their way of taking a cut for themselves, but have no way of proving it. Has anyon
Read more…Hi Everyone,
I have had my sister-in-laws home listed for4 months. We originally thought the sale would be a regular sale and sell for some profit. However, the values have dropped and we are now in a short sale position, granted its only about 20k
Read more…We are buyer of SS - currently under review by 2nd bank. Our initial Purchase Agreement (with Seller) stated an arbitrary closing date of 02/28. As that date neared I asked the agent whether we should be extending with an addendum - my concern was
Read more…Hi Everyone,
Has anyone run across the latest trick by Wells Fargo AND Bank of America that we supply a full appraisal and re-submit the file afterwards? When we finally were able to get an answer on why this would be, they said that they can't find
Read more…Have any of you Texas agents filed a motion to postpone a foreclosure at the courthouse?? I had a homeowner call me this past Wednesday. He has a foreclosure date of 5/1/12!!!! I told him I couldn't guarantee anything but I would do my best. Lend
Read more…Flagstar is the slowest SS dept. ever. Their new SS system now has the "point of contact" person who has no email, no direct line.. so i call & wait 20 minutes, then the call gets transfered to Point of contact person, who's voicemail says he will ca
Read more…
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