POLYBUTYLENE PIPING
how are short sale lenders handling buyer's BINSR requested repair/ replace
POLYBUTYLENE PIPING.
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BofA denied a short sale to the children of married couple killed in a motorcycle accident
If there was ever a time to allow an "arms length" transaction this would be it. A young married couple were killed together in a motorcycle accident leaving three sons 28 years old and younger. The sons want to keep their parents home,(value is le
Read more…how to handle a short sale contract in MLS
seems like a pretty basic question and I should know the answer but I am unsure. If an offer is signed by both buyer and seller and submitted for 3rd party approval is it contingent or active status in MLS?
Read more…Short Sale Offer - Closing Cost Question
I am about to turn in an offer for a property in Miami, FL.
I was involved in a few REO home deals before and the seller (bank) always have dictated title and closing agent, I just get my own attorney and pay for it out of my pocket.
Down here, it i
Read more…Advice on a past short salde
Hi i was hoping some one can help me out. I sold my property on a short sale last year march 2011. I was waiting for the bank to issue me a 1099 c but i did not get one. should i contact the back and ask for one or should i just leave it alone. i don
Read more…Us bank 1st (not proactive) with 2nd bank of stockton ( local)
I have heard good and bad about US Bank, mostly they are hard to work with as they are not proactive at all, any experience with US Bank I would love to hear the outcome and any suggestions. We are in California.
Read more…Value Dispute with Wells and listing was vandalized!
I have informed Wells and they are rekeying the property to secure it, they have not asked for a copy of the police report or pictures of damage. Any suggestions would be appreciated. We are in California
Early Occupancy
Anyone ever have a situation where the buyer wants to take early occupancy during escrow? This is a second home for seller but will be a primary residence for buyer and so is now vacant. I know there can be no agreement re: seller remaining in the pr
Read more…Short sales and FIRPTA
Here's a hairball - I have a foreign seller doing a short sale, and while the seller won't realize any net at closing, is he still obligated to have the buyer withhold 10% of the forgiven debt as realized income?
Hmmm...
Read more…Home inspection contingencies etc...
I am pretty sure I already know the proper way to handle this but just curious as to how some of you other agents handle contingencies when dealing with a short sale.
I just had a 40 minute phone conversation with a buyers agent who has never been in
Read more…Has anyone dealt with DCU as a second on a short sale????
I have been negotiating short sales for more than 4 years and this is the first time I have gotten a flat out denial from a 2nd. The lawyer that is helping us with this too has never seen this happen. We have the approval from WF and they are allowin
Read more…Inspections on winterized short sales
I have run into issues with my short sales that are vacant and the bank has winterized the homes. The utilites are shut off. How are you handling getting the utilites turned on and the cost of dewinterized homes?
Read more…Bank Requesting a NON-REFUNDABLE Deposit to close..
I am a buyer on a Seterus short sale.. Seterus countered my original offer, and I accepted. I've waited a week for the approval letter only to now be told that Seterus is requiring me to put an additioanl non-refundable deposit of $2,000 down to "gu
Read more…BofA's short sale cooperative
Is BofA's new Short Sale Cooperative program worth it? What are the pros and cons for my client/seller? Will they get their 2500 dollars? Suppose to mimic HAFA, does it? Will it save time?
Read more…After SS Approval, Pool Equipment Was Stolen
I represent the Buyer. The listing agent and Seller live out of the area. After approval, I visit the home to check on it, and the pool equipment had been stolen, pool green. Gated, neighborhood. Of course, when my Buyer made the offer that was accep
Read more…Bank of America about to Foreclose on Family w/Child who has Cancer - HELP! Sale date 4/10
Here's the situation. My clients stopped paying the mortgage 3 years ago when their son (5 at the time) was diagnosed with ALL - a form of leukemia - as mom had to stop working to care for him full-time. They tried contacting Bank of America for a
Read more…Electronic Signatures and Bank of America
Just closed a Bank of America short sale.
Buyer signed with Docusign and seller signed with Dotloop electronic signatures. Hopefully this is a sign of things to come at Bank of America!
Anyone else getting electronic signatures accepted or did I get
Read more…NEW Bank of America Authorization
NEW BOFA Letter of Authorization... only licensed agents or attorneys can be authorized on accounts now? That rules out an assistant being authorized to follow up on even mundane "Did you get the fax?" calls... escalating with BOFA
See link: http://
Read more…Direct Numbers for Short Sales @ Sun Trust
Grace Taylor (supervisor over call team) 804-291-2497
Christa Eskra (supervisor over HELOCs) 804-291-2404
Brian Johnson (Supervisor over Private and FHA loans) 804-319-2965
Steve Harris (Manager over FNMA, Freddie, & Suntrust loans) 804-319-2642
Deni
Read more…Here's a Tricky One
I have a homeowner who was laid off, so he does have that hardship.
However, when he married his wife last year, they moved into her house and rented his out. His name is NOT on her title and her name is not on his, however, the tenant is not paying
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