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Chase 2nd and ING 1st
I am stuck, ING will not issue approval without a lien release letter from Chase. Chase will not issue lien release letter until they have an approval from ING. Chase's loan is in the recovery department. Neither will budge...any suggestions???
Read more…Can anything be done to delay foreclosure?
Hello, first post on this website. I am needing some information if anyone can help. I am a buyer of a short sale. First a little background on the situation. I made an offer for 152,500 and the list price was 155,000 on January 31. About 2 weeks lat
Read more…What is your professional opinion on this?
OK, here's the deal:
My wife and I decided it was time to buy our first home. Unfortunately, the only house we could both agree on is a SS. But since we're not in a huge hurry, we figured we might as well make an offer. Here are the details on the
Read more…Aurora reported a Short Sale as a Foreclosure
does anyone have any idea where I start getting a correction? Over two years ago I completed a Short Sale with Aurora (no small task) and now my client has discovered that Aurora reported it as a FORECLOSURE. Credit Reporting agencies want a letter f
Read more…How to handle a 2nd mortgage when the lien holder doesn't exist anymore?
Here's the situation. Owner has a 2nd mortgage with First Magnus. The problem is First Magnus filed bankruptcy and ceased to exist. There are no contact numbers on file anywhere that work anymore. Yet, the lien is still on the property.
Suggestio
Read more…Lender refusing to work with Attorney in negotiations
I have recently seen 2 cases in which two different banks refused to work with our office if the client was represented by a Foreclosure Defense Attorney. We have tried several techniques, to no avail. Is this a new policy for certain investors, or a
Read more…Uneven Commission Splits
Looking for some input as to what other agents feelings are regarding uneven commission splits. I recently had a listing agreement with a 6% commission and advertised at 2.5% split on MLS. It is approved at 6% and sent HUD over to buyer and agent is
Read more…Seller changed listing agents at the last minute!
It's been 7 months, we have a verbal approval from Chase, written approval is coming in the next couple of days, the extraordinary HOA fees have been negotiated, everything is set to go and then today the seller left her listing agent over an argumen
Read more…IMPAC?!? Who is this company?
Negotiating a SS on a BOA loan. It was not allowed to go through equator. We were referred to a different department we've worked with before, but then they said they couldn't take this one and we had to go through IMPAC.
We just got our "Conditi
Read more…Need payoff letter from CCO on 2nd Loan has been charged off Help please !
I am using a attorney to do this Short sale which has been going on for a year We started with Metlife and CCO. Metlife sent it to Nationstar so as of now......
I have a Short sale w Nationstar 1st/ CCO 2nd
In August prior to getting approval on the 1
FHA and DNL
I have a client, her husband got sick, then she got sick...In the mean time she is taking care of her nephews. We started a short sale. We did everything that we were told to do in order for her to qualify to do a dnl.This was all last year. We tr Read more…LoanCare NightMare - any helpful numbers to share?
Our firm has a marathon short sale file that needs to be finalized. We keep running into roadblocks and I think it is time to call out the big dogs - short sale superstars! Does anyone have any recent contacts that can assist with a previously appr
Read more…NO MORE LENDER/PRETENDERS - WORK DIRECTLY WITH FANNIE MAE IN CALIFORNIA
FANNIE MAE MORTGAGE HELP CENTERS, COMPTON, SACRAMENTO PERHAPS MORE.
I MADE CONTACT WITH THE LOS ANGELES AREA OFFICE (THERE ARE AT LEAST 3 OFFICES IN CALIF.) AND I WAS TOLD THAT THEY WILL WORK DIRECTLY WITH BROKERS/AGENTS AND THAT THEY ALLOW COMMISSI
Read more…
Dual Agency Not Permitted Per FHA Guidelines?
FHA PFS with ATP already issued. Now working on submitting HUD and the negotiator's e-mail states dual agency is not permitted per FHA guideline. I don't remember reading this in the FHA docs I have read.
I guess I wouldn't have a problem with it ex
Read more…NEGOTIATORS GET PAID BY COMMISSION OR SALARY? WHATS THEIR MOTIVATION TO CLOSE OUR DEALS?
SOMETIMES THEY HAVE ZERO MOTIVATION TO MOVE OUR TRANSACTIOONS FORWARD...
Read more…Need some Bank of America Bankruptcy Department help
So I have a file with B of A just sitting idle until I can get the trustee to release the home to sell. I have my clients attorney and my negotiator at Bank of America going back and forth over the correct procedure to get this accomplished.They feel
Read more…Non-Realty Items Outside the Contract
I have a situation with a short sale where the seller is insisting on selling all furnishings and appliances outside the contract and will not sign any offers unless the buyer agrees to purchase these items outside the contract. The listing agreemen
Read more…Who took over Global Equity Lending?
I'm trying to negotiate a mortgage originally taken out with Global Equity Lending. Their mailing address at the time was 3955 Johns Creek Court, Suwanee, GA 30024. Although I know the company is no longer in business I can't seem to find the service
Read more…HAFA pre-approved listing price offer was countered higher
Has anyone had this happen to them? We got a HAFA pre-approved list price on the listing (freddie mac) and it was high just like all of them seem to be. I asked for a price reduction and submitted comps to support the reduction. The comps showed the
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