I know this questions is very general, but I would like to see opinions and discussions. I have been partnering with another person for several years. He's great at the negotiating, I'm great at the Real Estate side. Lately the lien holders have c
Read more…Had an agent call me yesterday and tell me to call her homeowner. Homeowner has New Century Mortgage??? I have NOT done a New Century. I for some reason thought they were gone.
Anyone deal with them at all? Looking for insight.
Read more…I just listened to yesterday’s BOA agent training webinar on their new process. I noticed a few times that the presenter emphasized the term “Debit Settlement”. The presenter said a few times that we are performing Debit Settlement. I found this to b
Read more…Has anybody worked on a Short Sale that had a CHDAP? Does this act as a second lien on the property? What has been your experiences? Who needs to be contacted on this? Any help would be appreciated! This is my first time with a short sale that had a
Read more…I have a question regarding an approval letter..
Received one from Fifth Third Bank (Freddie Mac investor), with no explicit verbiage waiving the deficiency balance. When asked if we could receive a new approval with this verbiage added, I was told
Read more…UNtil today I dont know.
Its been 10 days.
We have provided tax information with shareholders info stating there is husband and wife sharing 50/50.
We have provided certified copy of Statement of Information.
WE have provided A letter signed by both
Read more…I am in SoCal and was wondering if anyone had any luck with hiring 3rd party negotatiors to work your short sale. I have only had a few myself that my assistant and I handled, but one our agents is going to have access to an great amount of leads and
Read more…I have a prospective seller who has relocated to Florida and has his primary residence in Maine that he needs to short sale. I don't handle Maine short sales so I need an agent who is proficient in short sales to refer this guy to...any takers?
Keri
Read more…Elena Celestine, Short Sale Agent Education and Outreach specialist with BoA just stated that we can add our assistants to the new 3rd Party Authorization form.
I'm hoping she didn't misspeak.
Read more…I have posted before about my short sale but I would like some insight from someone who does these all the time. We started the process with a full price offer on Nov. 17th...we heard nothing until January when we were told the BPO was being done. On
Read more…Anyone have experience with a Reverse mtg SS? I'm dealing with Freedom Financial. They take 60-90 days to respond once they have all docs. This is crazy ridiculous. I have a cash buyer paying what they want. Appraisal already completed. Buyer is walk
Read more…Hi Folks,
Working a 2nd with PNC, who verbally agreed to the 6K from bofA 1st several weeks ago. Now we can't get them to respond and issue the written approval. Located in Calif - no deficiency w approval. Does anyone have any thoughts or contacts
Read more…I have a home listed in Scottsdale AZ for 305k. A month or so after listing it we received an offer for 295K. This home is in an ok area, but when you go inside it needs everything.( Carpet, painting, roof repairs and SO much more). I Started working
Read more…Hello there, this is Ritch and newbie to this forum. I’m living in LA and I’m in pre-foreclosure stage. Are there any good options for me other than entering in a short sale in order to pay off outstanding debts? Or is it the best alternative as ye
Read more…I have a client who has a VA loan on a property that we will be short saleing. Will he be able to use the VA loan again down the road? I was thinking that we could get forgiveness on the amount owed after the sale, but would he still be able to use
Read more…We are the buyers on a short sale...5 months in and nothing in writing from the bank...My question is our original purchase agreement and short sale addendum have expired...do we need to renew them?... Our agent and the listing agent says we are fin
Read more…I have a file with Indymac where the negotiation was outsourced to Service Link. After some communication with the negotiator at Service Link now I just can't seem to get an email from him. Does anyone have any helpful hints on escalating in this sit
Read more…After submitting a short sale offer on 2/18/12 (I have the buyers), we recd the two bank approvals letters last week for a May 14th close date. Representing the buyers I never request to review the sellers HUD for bank but I did on this one and then
Read more…I'm at the end of the road on a short sale with Wells/ASC. The initial HUD that the approval was based on had a closing date that has now passed. The revised HUD with a closing date in the future now has a smaller credit to the seller for pro rated p
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