Bayview finally had a BPO done weeks ago and now again no response, voice message boxes all full, no answer on other numbers and some numbers do not work. This is my longest Short Sale ever and I can not tell the buyers anything about time frames etc
Read more…Hi. This is my first post here. Forgive me if I am posting incorrectly. We just submitted our file to IMB 10 days ago. We have heard nothing. It won't be a HAFA based on the home price. Will IMB let us know that they have received our file? Might the
Read more…Anyone with experience on getting a short sale approved with a federal tax lien??
Read more…Freddie Mac indicates that in order to be eligible for short sale, the property cannot be vacant (without an applicable exception). The short sale package and offer is in the review cycle and I'm told the next step is underwriting. I have not been a
Read more…I'm posting this ? as Sylivia brought in up and I am curious to the answer as well.
Q: is the required 88% net of the VA appraisal set in stone or has anyone ever closed a VA Compromise sale where the net is less than the 88%? If so, at ho
Read more…Do any banks allow a buyer in a short sale transaction to go through the 203K program? If so, does Bank of America, as Seller's Lender, allow this?
Thanks
Read more…Is HUD cracking down on guidelines? Is it true that, in order to proceed with a short sale, the seller must have an involuntary hardship? I can go into more detail regarding my client's hardship, if need be. Midland is stating that their hardship
Read more…I wrote an offer for my buyer and submitted last Thursday - requesting a response by Saturday evening. I was told there were no offers on this property - no one had replied to the previous mulitple counter offer the week prior. The homeowner is a lic
Read more…we have just started a short sale. Got the listing and got the buyer. Court has granted summary judgement in the foreclosure action and set a sale date of April 18th. Is it possible to have the sale date postponed and if so, how do i acheive that
Read more…I may have a listing coming up with TD Bank as the second. Has anyone worked with them? Is there a standard package for them? If anyone has any insight, I'd appreciate it.
Read more…Interested in a short sale property located in South Florida.
It came up on my radar late in the game, listed for 160K in 1/2011, three months later adjusted to 145K, since then a bunch of listing removed, listed again for 145K.
I went and looked a
I have a question to more experienced guys. When the Seller in a short sale is a Florida LLC, but they have cosigned on the loan, do they have to submit all their personal information, financial statements, or still just the taxes and financials on t
Read more…I have a seller has a first with Colonial Savings, a second with Chase. I called Colonial Savings so I could fax over authorization, they told me up front that they will not give the 2nd lien holder more then $1k on a short sale, no exceptions. Any
Read more…CAN SOMEBODY CONTACT ME REGARDING A BACKUP OFFER AND EQUATOR I DO NOT UNDERSTAND WHY BANK OF AMERICA IS STALLING THE SHORT SALE
Read more…I have a file I am in process of submitting for a short sale. My client just received a large personal injury settlement. I have already provided bank statements; however, if I had to provide updated statements, it will show it. My client would l
Read more…I'm thinking expired short sales might be a good prospect. I'm writing a series of letters to short sales that expired since November but still have not relisted thinking maybe they took it off for the holidays or they were trying to get a loan mod.
Read more…Hey everyone, first post here.
Brief background:
I am trying to purchase a vacant unit in my building, currently in year 3 of foreclosure process where the mortgagee is deceased and there is no estate. BOA is servicing the 1st lien and US bank h
Read more…I have a client who wants me to take over a short sale that failed. She was offered $25,000 from Chase Bank. LCS is the second. LCS blocked her contribution from Chase, stating it wanted the money. Chase refuses to give the money to LCS. She tried to
Read more…I am facilitating a HAFA or COOP or Traditional Short Sale with Chase for a property in Freeport NY. I need the recommendation from a local Short Sale Super Star or CDPE Agent for a Local Attorney who can prepare the prelim HUDs and do the closing af
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