Just having help closing a deal made it worth it taking the worry and pain out of the paperwork, especially HUD-1 issues.
Bryant and Wendy thanks for your personal input on a timely basis. It saved me a lot of trouble, worry and meeting of lender tim
Read more…I have been working on a short sale since September 22,2011. What an ordeal. it seems that their customer calls are outsourced to India. The worst is that most agents do not comprehend the language. At the end of the call all seems that it's working
Read more…Looking for tips on getting higher commissions paid. On lower priced listings ($65k & below). The lenders will not pay more then 6% on the listing which equates to under $1k in many instances. Most of these listing are taking 6 months or more to
Read more…Fannie Mae mortgage servicers can complete short sales and deeds in lieu of foreclosure without getting separate approval from the now bankrupt mortgage insurer The PMI Group, a change that's expected to further reduce barriers to short sales. A mor
Read more…My seller is completing paperwork from BECU and she is the only one on the mortgage/title of the place we have just sold. She married while living at this place and her husband has lived with her until now and they must move. The paperwork is aski
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My client was just offered $25K from Chase if she does the short sale. However, my client has a $70K second lien also with Chase. Does that mean at the time of the close most of the money can be taken by the 2nd lien in order to satisfy? Has any
Read more…Has anyone had this happen?
The seller is being asked to pay them over $2,000 per month while we try to short sale the home and if we are not successful they will agree to a deed in lieu.
Below is part of the phone conversation between the seller and
Read more…Does anybody have concern that if the REO to Rental Bulk program goes into effect banks may expedite the foreclosure process and/or deny short sale requests to push it through??
Read more…The first is approved. The second is with BofA. The home is in a trust. The husband died. The loan is in his name only the house is in the trust in which the wife is the trustee. BofA is saying since there is no will that the loan and house has t
Read more…I have a small commercial deal that I am trying to do a short sale with BofA.
I cannot find ANYONE or ANYTHING as far as docs., fax numbers, emails, you name it. The customer care has no clue and I've even gone to corporate who doesn't know where
Read more…Hi everyone!
Wondering if someone can help. I have a file that was approved and juuuuust about ready to close when the title company decided it might be a good time to pull title work (which they say they always do when I provide them the listing p
Read more…There's a very expensive, very historic property I know of that's held in a Revocable Trust. They had a lis pendens filed in 2010 but its not yet foreclosed. I was thinking of reaching out to the homeowners to see if they've considered short sellin
Read more…We are in the process of purchasing a short sale and the lender is Bank of America. The seller accepted our offer on Nov 23rd and we know they did the BPO in mid-December. We were told by the title company that the file had been sent to "QA". Yesterd
Read more…I had an offer for a short sale. Bank wants more, and buyer didnt come back the offer to meet what the bank wants. Finally bank rejected the offer. I have been trying to get the buyer agent to sign the cancellation form. It has been 2 weeks. The buye
Read more…My friend is renting a home and recently a Notice of Default letter was delivered for the owner. This is extremely stressful on the family because at lease signing they paid 6 months in advance. They would like to be proactive and contact the servic
Read more…I've called Sabdell and spoke with thier short sale department which seems to also be thier collection department? In any case, I've searched sites and called the bank and no one can send a short sale package. Has any one dealt with this company/Ba
Read more…I am having a challenging time getting anywhere with Flagstar. Anyone have any advice, contacts or escalation tactics to help me?
Thanks.
Read more…Is this still possible with the Arm's Length Disclosure?
Read more…I posted this in the Freddie Mac group as well:
I have a short sale with AHMSI, Freddie Mac is the investor. We have been told that per Freddie's guidelines, they have to be 30 days late on their mortgage. They are not late, their hardship is that
Read more…DOES ANYONE HAVE A SAMPLE 2ND MORTGAGE LETTER THAT I CAN USE TO SEND TO A SMALL BANK SO THEY CAN COPY THEIR LETTER AFTER THAT. I HAVE NOT CLOSED ANY HAFA SHORT SALES WITH 2ND'S THAT I CAN USE AS A EXAMPLE. ANY HELP WOULD BE APPRECIATED
Todd SChr
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