Just curious if anyone has any idea on how to find out who's delinquent on their mortgage. (Prior to an NOD being filed.)
This seems like this would be a good way to locate more Sellers for short sales?
Read more…I am thankful for all the advice in this site.
I wanted to give this tip out to others that have had issues getting a bad BPO disputed. I am the listing agent on a short sale and presented an offer to Wells Fargo that was countered at a price that wa
Read more…Chase redeemed during 6 month redemption period by paying off Wells Fargo. When the 6 month redemption period ends, will Chase be the new owner of the property? Can a short sale still be done, or is it now in foreclosure?
Read more…I'm wondering if anyone out there has the specific "hold" policies for each individual lender. For example, I understand that Ocwen has a 90 DAY HOLD policy for all investor approved short sales. I can deal with 30, but if the lender wants a 90 day h
Read more…First mortgage, Bank of America is allowing the second mortgage which is CCO Mortgage, 6% of outstanding second mortgage balance or an allowance of $1,554.40. Typical.
CCO rep tells me the balance is now written off and they want a total of $2,6
Read more…Hello Short Sale Superstars,
(Guys, I am new to this site, so please excuse me if I am doing something wrong, BUT I need your help!)
We are doing a Short Sale where two loans are both with US Bank. The first one is for about $120K and the second no
Read more…Anyone have a feel for how/ when the settlement will be implemented?
How/when will those foreclosed upon already receive their pitances?
Read more…
Chase did not issue a deficiency waiver on the letter and referral agent to the VA for their position. The VA said they wouldn't come after the client, but didn't say they would instruct Chase to revise the letter. Instead, they said Chase would
Read more…When I took the listing ( short sale ) I charged the seller 7% and they agreed to it ( 3.5 for buyers agent and 3.5 for the listing agent ) but when we got the approval from the lender, they cut it to 5% - I discussed it with the sellers and they are
Read more…Does anyone know how to move old files from one offer to another in Equator. I had a deal fall apart at the last minute and I got a new offer within days. However they are asking me to re down load all the files I already have in the system under the
Read more…I believe the investor is Fannie Mae. The offer amount is 80 percent of what is owed on the loan.
Read more…Hi all,
Long story short, been pursuing a short sale since August 2011. FINALLY got short sale approval (well actually about 8 weeks ago, but the letter never arrived, so that took another 5 weeks to get sent, and then it arrived EXPIRED and we ha
Read more…What is happening:
Chase closing agent is saying "NO EXTENSION" recieved offer approval on 2/09/12
Chase says mustto close on the Feb. 28th - all cash deal any ideas before I escalate.
Thank you in advance,
Rick
Read more…Is it a short sale if the first gets all that is owed but the 2nd and 3rd does not?
Read more…I have an IBM short sale in Baltimore City. Offer is $6000, well supported by comps. IBM is holding out for $15,000 NET using much better comps. Does anyone know how to escalate this to someone with a brain?
Barry Levy
RE/MAX ALLEGIANCE
202-829-9
Read more…I am working a short shale that was a Bank of America loan. In the middle of the process the loan was sold to M&T Bank and we had to start over with the new owner of the loan, a month wasted. Now we are being handled by Bayview Loan Servicing, and i
Read more…Has anyone dealt with Third Federal Savings and Loan and NOT had to pay this up front $305 appraisal fee. I have never had a file where any party has had to pay any fee up front. I am still pushing back on this and was curious what experiences you gu
Read more…A seller just contacted me: he has a 1st and 2nd with Wells Fargo. Then, he told me he has $7k left on a new HVAC system that was installed last year. This was financed by the HVAC company (or at least on some sort of unsecured credit.)
Any idea
Read more…Can a homeowners association forclose on a home listed as a short sale and seller is in the process of finding a buyer in Broward County, FLorida? ANy help with this questions would be really appreciated!
Read more…
Hey Experts Out There,
I have a VA Buyer that is purchasing a Wells Fargo Short Sale where the First Mortgage Security is held by Freddie Mac. The servicer has rejected the final HUD stating the Freddie Mac will not allow any portion of the Seller
Read more…
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