In 2005 my husband and I bought a home, it appraised at 89.000 and we bought it for 80.000. It now appraises for 45.000
In 2010 I lost my job which left us less 55,600 a year. Since then my employment status remains the same. Zero. My husband work
My client bought his home as a Primary residence with his girlfriend in September of 2008. They bought another home with a conventional loan as a primary residence in December of 2008. They then refinanced the First home in June of 2009. The first ho
Read more…In your experience, which lenders have you seen allow attorney fees on the HUD? I'd love everyone to contribute if you know for sure.
So far these are the lenders I've seen allot payments to attorneys off the HUD
No special order:
1) Indy Mac
2) C
Read more…Hello All,
I have a personal contract to buy a shortsale. 2 liens both with PNC. We are at 90 days and still no approval. I was just curious if any of you have delt with PNC before and if so, how was your experience?
Thanks,
Tom
Read more…I know at one time you could send an email to John Ciresi but I haven't gotten a response. Is he still iwth them? Is there another contact?
Read more…Today, along with the approval to participate on a short sale, we got a notice from BofA that indicates the seller's relo incentive, previously approved at $1,000, is being increased to $4,000. Quick Google search didn't turn up any policy changes th
Read more…Owners called to initiate a short sale over a month ago. They have an FHA loan and were in the process of trying to obtain a loan modification but got frustrated and decided to sell. I was told by BoA in order to get approved for an FHA short sale
Read more…A message from Bryant Tutas to all members of Advanced Training Group on Short Sale Superstars!
So you may be wondering when the heck Wendy and I are going to release the next webinar. Don't feel alone...we too are wondering!!
We have scheduled 3 t
I attended a brown bag lunch at the local association last week. The speakers were the closing office attorneys doing the majority short sales in our area. They flyer saying to come out to this meeting stated they had over 400 short sales "pending"
Read more…Does your MLS have Fannie Mae Help Desk?
If Yes,
Have you used it?
How did it work?
What did you think of it?
If No,
Why not?
Do you think it would be beneficial?
Any thoughts or ideas or experience with Help Desk is greatly appreciated.
Read more…Hello Group-
I am looking for contributors to a database of short sale laws for each state. Specifically I would like to know:
1. Is your state a Judicial or Non-judicial foreclosure state?
2. Is there laws about deficiency waivers for short sales v
I am the buyer in a short sale that we have been waiting for more than 3 months for approval. We just got word that the bank has to qualify the sellers for HAFA (even though the sellers do NOT want it).
We've been told the file is complete and that
Read more…Howdy Folks -
I have a file I am trying to escalate - PHH Mortgage / Fannie has approved a certain short sale. However, glaringly missing from the approval letter is any release of future pursuit of deficiency.
PHH Mortgage is saying they have wr
What are the rules on having investment properties and needing to short sale them? There is a 1st and 2nd lender.
Read more…I have a Bank of America COOP short sale with a house valued by the latest BPO at 140,000. However, I have an offer I am submitting in equator at 170,000 (the BPO value when I initiated the COOP). If the appraisal comes in low (for example at 150,000
Read more…Recently, I've had a couple of friends that have had to short sale their homes. In fact, one friend lost his home in foreclosure before the short sale was approved. All of them were over 61 years old, mostly retired and/or semi-retired with limited
Read more…I have been a transaction coordinator for a small RE office, I was let go yesterday due to affordability. I have gotton 9 out of 11 deals closed with numerous banks in last 7 mo. I was a licensed realtor from 2005 to 2010. I was doing short sales bef
Read more…Agent that is processing my short sale owned the property and did not have it listed as far as I can tell.
Is this legal?
Read more…Thank you Smitty and Jeff for your quick responses!
I have been debating on getting license back active, but that would limit me to only working for the Broker I am with correct?
Read more…New revised bill here in FL states banks NOT liable for attorney or late fees. What's your thoughts and any potential problems you see that may arise from this?? Have a great day!
Read more…
**********************************
like buttons
************************