Just received a denial letter from OCWEN (prior Litton loan) stating that the owner of the loan did not approve the sale. If we desire to submit a higher offer within the next 10 days, we may do so or the file ill be closed. So I called OCWEN. Didn't
Read more…Here is the summary:
We are working a client's short sale (she has three) in active bankruptcy. We have worked on this sale for probably 5-6 months at this point. The first negotiator assigned was very rude, deleted the file out multiple times for a
Read more…I was just wondering for all the heavy hitters out there. I am trying to gauge myself on how many short sales I should be closing monthly. I currently have a pipeline of around 50. Right now i am closing about 5 a month?
Read more…We have a laundry list of questions that we ask a lisitng agent and/or the sellers short sale processor before we show a property. There are particular things we look for to gauge the level of experience to be able to property consult with our buyer
Read more…Got an email asking me to watch a webinar tomorrow. Anyone know anything about it?
Read more…I am a buyer on a B of A property that needs work. I initially offered $325k on the property and included around $125k in pest and structural bids. Equator countered at $400k and I accepted. A week later Equator kicked our offer out of the system
Read more…Hello,
Does anyone know if program 3648 is a legit company with legit leads? Im looking for a way to get short sale leads and also REO leads.... Thanks for your help.
Read more…HELP, My client submitted an offer in December, it was a CASH offer for the BPO price of 330K, the other offer was 309K. The negotiator countered the other offer for 311K, WHAT THE ..... We need a supervisor to call and get this settled, we need th
Read more…Got a call from a buddy seeking advice? He filed chapter 7 and included his rental property. Green Tree is the servicer. Green Tree informed him, he’s still liable for the up keep of the property until it’s sold (foreclosed) even thought it was inclu
Read more…Traditional, not HAFA. Home is listed but not under contract yet. Two questions:
1. Fax or Equator
2. Submit package w/out contract now or wait?
Thanks, great group!
Read more…
So, I've been anxiously waiting for my 1099s from a short sale I closed in June. I received 1098s for the mortgage interest from both mortgage companies last week but I didn't get the 1099s.
Anyone received a 1099 from Wells Fargo or Chase fo
Read more…I received a counter offer from BOA/Equator system about 25% more than offer price. The home is not in good condition and needs a lot of fix around 25K. I am sure BPO doesn't take into account all this facts as condition is subjective to buyer, but i
Read more…Has anyone here had success with writing complaint letters to these entities?
Read more…Hope everyone had a productive week so far. I didnt see anyone start a thread and ask so I was curious what everyones thoughts were on the releif act ending this year? Any trends, adjustments you guys thinking about?
Read more…I LOVE that we get actual consumers coming to this site to ask questions. We get alot of buyers and sellers alike who are trying to navigate their way thru a short sale and they come to the best place for short sale information, right here at Short S
Read more…I have some clients that have been approved for the HAFA program and I have listed their home. We have signed the SSA with BOA, and are waiting for an offer. My clients, who are newly unemployed have asked if they can stop paying there mortgage to
Read more…Hi all,
I'm currently working on a short sale where the lender came back and said the current offer we had wasn't acceptable because it didn't meet the lenders minimum net of XXX,XXX. I asked them if I could get he buyers to come up and get them the
Read more…I'm representing the buyer of a short sale in California; Seller's agent is in my brokerage, and has "hired" a 3d party negotiator. BofA has countered my client's offer. I know the counter price but not terms. 3d party negotiator will not provide Equ
Read more…Does anyone know if the Borrower/Seller can elect not to receive the $3,000 incentive to contribute either to buyer closing costs or just to effectively increase the net and lower the sale price?
Thanks!
Read more…I have a 1st with GMAC, 2nd with BofA and 3rd with MCT Group a collection company for USE Credit union. The 1st and 2nd have agreed to the short sale but will not allow any $ to go to the 3rd. The 3rd wants $12,000. Has anyone experienced this before
Read more…
**********************************
like buttons
************************