Hello Everyone,
I finally got a short sale closed with BOA that was a Nightmare! We tried to get HAFA approval and the file was sent to AMS for 7 months and never received an answer. Anyways I have just initiated a new short sale and I was told to ha
Read more…For a PNC second, I am held up in QC and I have been told by customer service to just wait 10-15 business days. I have heard this over and over and I am impatient and want to escalate this file. We postponed the sale date once and they told me they w
Read more…Hi there! Wishing our short sale superstar community much success in 2012!'
Does anyone have or can point where to obtain a marketing letter to be sent to Bankruptcy, Divorce, Foreclosure Attorneys, as well as Counseling Services to gather Short Sal
Read more…I've got two files with REDC from Bank of America through their "COOP" program. For some reason I cant get anyone in their office, particularly my asset managers to respond to my calls or emails. I have one file that supposedly is approved per the la
Read more…Mortgage companies are operating in a broken system...they do not communicate to other departments. I have an approved short sale about to close, and the Mortgage company (CITI) ordered the house to be locked and winterized and the buyers cannot get
Read more…Florida is the worst housing market for foreclosures in the US?
Florida makes up of 25% of ALL foreclosures in the US. It takes on average 806 DAYS to foreclosure on a home in Florida. In Florida homes have depreciated 50% from the boom.
Read more…This short sale lender requiring an appraisal rather than a BPO, the kicker...they will not pay for it and will not approve the short sale without it. They are expecting the listing and selling agent to pay for it. I am the buyer’s agent and not in
Read more…What's everyones thoughts. Chase HAFA short sale, ARASS letter filled out and completed, prelim HUD sent in and used for our approval letter.
Contract has seller concession 3%. Prelim and ARASS all show net reflective of 3% towards closing. I get the
Read more…I thought I'd initiate a session to vent about the handling of judgment liens in a short sale process. There really is no good way to handle these liens. You need to wait until you know the property is going to close, otherwise why pay them. But, w
Read more…Just curious how you are all dealing with your buyers who want to make offers on multiple short sales. What do you think the legal implications are? How ethical do you think it is? How do you balance wasting everyone's time with your fiduciary duty t
Read more…Show of hands of who has gotten non deliquent seller short sales approved!
What percentage of your short sales are non deliquent?
I have closed MANY
25% of mine are non deliquent
Read more…I have been getting alot of e-mails from Short Sale Association of America. What they are offering looks decent like the Pre-Nod (Notice of Deficiency) leads and the website, etc.
Has anyone worked with them and have any constructive feedback?
Read more…I am on this Short Sale Lawyer's email list. He has exposed some AMAZING things. I got this in my email today. It's disgusting.
http://www.californiashortsalelawyer.com/2012/01/freddiebet/
"Imagine if you had access to an investment vehicle allowi
Read more…Hi all,
I read through most posts and even though some get close to my topic, I'd like to take your opinion on this based on your most recent experiance.
When do you suggest listing the property: now versus waiting for a HAFA short sale agreement?
I
Read more…I recently changed to a new Broker. Company claims, that if you use a certain Escrow Co., that they negotiate your SS for free. Bank get charged for that, and if the bank refuses to pay, it's OK. I know, that has been a lot of dicussion here, re-SS
Read more…Working on a Flagstar loan and was told that per FHA guidelines the seller has to apply for modification before they will even look at a short sale. Stated that the seller needs to make payments for 3 months and then if he qualifies for the modificat
Read more…I'm out of the Seattle area but not sure it matters. Would love a great referral and how they typically price etc.
Thanks!
Read more…Lately there have been some heated discussions here on SSS and that is a good thing. Some of them are veering far off track and some are starting to get personal. Let's reel it back in and stay on topic with these discussions.
Everyone is here to l
Read more…I have had to sellers that I have been going back and forth about short sales finally decide to go into bankruptcy. There is a couple of points they threw at me that I was not confident in there validity. I wanted to throw this out to the group so
Read more…
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