I have a transaction with Chase as the 1st lien holder with a Chase HELOC. My clients rejected the offer of a HAFA short sale initially because of the restrictive nature of the listing/pricing. We went on market as a traditional SS have an offer and
Read more…Since 2007, I have embraced the short sale client - having gone through the process myself. Each year I have increased SS closings significantly. In 2007, as the banks created a process, I managed to close 8. In 2008, I closed 15. In 2009, I closed,
Read more…I am working on a sale. Buyer is cash, as property won't qualify for financing (other than rehab financing) - anyways, I got a call from Chase that Freddie Mac has a "guideline" that you cannot buy property in trust or llc. I asked the negotiator
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Hello to all of you trying to help heal the real estate market. I have a short sale that is stuck in limbo land with US BANK. The negotiator/processor is Tammy Bratcher? Does anyone have any ideas on how to get to a supervisor/next tier??
I have ha
Read more…Hi everyone-
I am a buyer in a CA short sale where BOA is the 1st lien holder. It has been a little over 3 months since I put my offer in and the LA has told us that he has verbal approval, but nothing in writing yet. I recently went back to see th
Read more…Hi y'all. Wells problem. Negotiator, Trey Johnson out of Ft Mill, SC is demanding $122K on short sale when we have had it previously approved twice, at $107K & $110K. He will not call back even when we email him directly. File being worked via Equato
Read more…Has anyone dealt with Charter Bank short sales in Florida? If so, please relay your experience here. Thank you! Wendy
Read more…Hey All,
I am taking on a new short sale and the seller not only is in Foreclosure but they currently have personal liens (credit card judgements). Will I have trouble getting Short Sale Approval has anyone encountered a similar problem?
Thank yo
Read more…>>>>>VENT IN PROGRESS<<<<<<
Just made an A&% of myself. Got written approval on a GMAC short sale. YEA! Scoured for language. Lien release - check - Full satisfaction - check - SWEET! Called homeowner and emailed title company to get ready.
WHO
Read more…Has anyone closed with BECU ? If so, I would be interested in any input you could share regarding your experience in dealing with them. I am taking on a listing with a first only with them -- !
Thanks!
Read more…I just wanted to share with everyone here because this is such a frustrating scenario. B of A. My first two buyers walked. The BPO came in $130,000 over FMV. Both of the first offers were for same amount..$850,000. Counter came back at $980,000
Read more…Michael Williams has decided to step down from his position as CEO and president of Fannie Mae, the GSE announced today.
Williams was appointed to the top post at Fannie Mae in 2009, after the company was placed in federal conservatorship. He will
Read more…Hello All - I am under a very tight timeline and was wondering if anyone had a completed BofA Value Dispute form they could send me? I am clear that I need to pull Comps, however, as everyone is aware with BofA, the most thorough submitted documents
Read more…I’m wondering if this time line looks somewhat normal (in sarasota county), or if this is a lost cause? Things seemed to really stall out in November. I’m not familiar with all the terms, is there anything more that I can do to speed this along?
7/
Read more…Hi We are a buyer and we found out sellers listing agent outsourced the negotiation to a third party. What's the typical fee these third party negotiators charge? Thanks in advance
Read more…Does the seller need to be late for FHA to approve a short sale?
Read more…I have found that many times the PMI companies have gotten in the way of the lenders making an agreement to complete the short sale. I have 4 right now with PNC where PNC was willing to complete but the PMI company insisted that the property was wor
Read more…I just initiated a short sale with Wells Fargo by first faxing my third party authorization and then by uploading the authorization on Equator once I received the task. This is an FHA loan and the notation on Equator stated that it was checking "FHA
Read more…Good Morning
Appraiser's notes stated pool neglected & water/electric not on. Buyer's lender requires pool to be clean & working, water & electric to be on for appraiser to go back out.
Home has outstanding water bill for which Seller's lender has a
Read more…I have a divorcing client who doesnt beleive she signed the note for a home equity (just her future x did). She doesnt have a copy to refference (and neither does her hubby). Has anyone requested a copy of the Note from a lender? If so, who do I cont
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