Shortsale with Nation Star
Looking for advice with investor required funds for seller at closing with Nation Star. Has anyone been able to get the required funds at closing waived?
Read more…
4 Replies
All Discussions (4366)
Sort by
Wells Fargo prefers to negotiate directly with seller?
I did a listing presentation to a seller who needs to do a short sale. I explained that some banks require the seller be delinquent before the short sale will be approved. I have also been told that if the seller is current on his mortgage, the lende
Read more…Buyers appraisal came in well below contract price and bank SPO approval...
First lien holder is Wells Fargo, offer was $175,000, Wells countered at $205,000. We disputed their BPO and eventually Wells caved and accepted the $175,000 offer. Now the buyers appraisal just came in and it is significantly below the contract pr
Read more…short sake addendum clarification??
Hello: I understood that only one offer should be signed by a short sale seller at a time which is then forwarded to the short lender for review all other offers are put in back up status until the first buyer offer is cancelled. However in Californi
Read more…NEED A CHASE CONTACT - FEB 17 ADVISED CLOSING DEPT. WOULD SEND APPROVAL..STILL DON'T HAVE
I was told by negotiator with Chase on Feb 17 that file approved and sent to closing dept....Despite conversations with closing agent, who has had file since Feb 20 and states she is to busy to send the letter...and leaving voice mails for her superv
Read more…Anyone have helpful hints to get BOA to escalate a ss and fast track it
We need to get our ss thru the system fast yo avoid trial for judicial foreclosure
Read more…Wells Fargo Unreasonable Request for Promissory Note
I have been working on a short sale with wells for the last 7 months. At first the BPO came in for almost 500k and our contract is for 455k. I successfully challenged the BPO based on realistic values and the property being in a distressed market are
Read more…BOA closed our ss file on error
Our buyers walked. We had a back up offer. However BOA closed the file in error and now we are being told we have to start over. Anyone know how we can get this on the fast track or who to contact this is their error
Read more…How to negotiate HOA ATTORNEY'S lien release on Short sale
BOA HAFA SHORT SALE APPROVED 2/24/12,Wells Fargo(WF) HELOC 2nd pending Approval/ release ...now how to negotiate w/ HOA's Attorney on a $2400 lien? Seller has no $$$, buyer's saying NO WAY(for now).
Latest court notice, "MOTION TO CONTINUE ON THE INA
Read more…Colorado Agent Needed
would like to do a referral for short sale in Canon City for a Client I am working with here in the Destin Area.
looks like a real easy sale...from what I can see in paperwork
will help on my end to get you all of Seller's documents....she is coope
Read more…Deed in Lieu: How many have you worked?
We all know what a deed-in-lieu is. The question is: How often does a DIL occur? In 80 short sales, I have zero DILs, as far as I know. I would like to know other people's experiences. I have a DIL in process where for the first time the client
Read more…Is is BOA (1st mortgage)? Or is it CHASE (2nd lean)?
I qualify in every way for a short sale... that's not the question.
Here are the numbers for what I owe the banks:
BOA 1st - $147,000
CHASE HELOC 2nd - $55,000
I have had 2 buyers in the past 18 months. The first was purchasing for $145,000 (and I
Read more…Problem with GMAC 1st.
1st with GMAC, 2nd with Wells Fargo. Been working on this file for a year. Had approval on 1st to close March 1st and approval on 2nd approved for $5000, needed $6000 but needed extension on first thru 3.12.12. They asked for $6,900 more net to th
Read more…Update on BB&T plus what is the sellers benefit of accepting their offer
After numerous hours of calling BB&T's corporate offices I found someone in the Recovery Dept who was willing to contact the attorneys in Tampa and see if he could get things moving. I sent the Recovery Dept a few documents regarding the short sale
Read more…under what conditions would a short sale on investment property be approved?
Hi all,
this is my first post on this forum. Please forgive me for posting such an elementary question but here it goes:
I'm a relatively new agent who completed the SFR course a couple of months ago. An acquiantence of mine has an investment prop
Read more…Met LIfe Is a Joke! Need some help!!
Ok so I need some help from the group on anyone with a number to a live body within Met Life. I've been trying for a week and hours on hold (lovely elevator music) to get someone and no luck. My negotiator quit or was fired a couple weeks ago at the
Read more…Docusign
Hello All - I've just started using Docusign, and I think I like it. Has anyone experienced problems with short sale lenders accepting Docusign contracts, etc? If so - which lenders have issues? Thank you.
Wendy
Read more…Need help with BofA/REDC:
My seller has a loan with BofA and started a short sale request with REDC, who told him to contact a realtor, which he did (me). Now, no one at either REDC or BofA can figure out how to add me to the existing Equator system for his file. Any suggesti
Read more…State Tax Liens
Now that I have finally received a final bank approval from Bank of America for my listing, I have been notified by the closing attorney that we have 2 state tax liens. Can someone let me know how to handle this so we won't lose this deal.
Read more…
**********************************
like buttons