I was recently advised that BOA recently restricted all agents of a large brokerage because one short sale file allegedly contained fraudulent document(s). Furthermore, when any of these agents jumped ship to another brokerage because of their inabi
Read more…i have just been having the worst time i have ever had in my 28 yr career i cannot type fast enough to tell you how bad bank of america is. if you really want to know
give me a call. i currently have two listing with boa as the lender this has been h
Read more…How can one find out if the BOFA negotiator actually asked the investor for the "the request of postponement"?
Read more…Is it just me or is BofA absolutely ridiculuous in pushing HAFA. They make the customer call in and give them the "HAFA is the BEST program" sales pitch which apparently everyone gets ( whether they actually qualify or not) when the reality of the pr
Read more…I'm looking for some feedback regarding the use of Equator. Although I am not a novice to working with online software, I have found this site to be less than user friendly. I particularly get frustrated with trying to open and rad email which often
Read more…Am Loan Originator & have been for 11 years. Used to be at wells too. Need help-have personal modification to do. Primary residence, SFR. Wells first: $624,000 10/1 IO and property worth $550k. Not elgible for HARP 2. Investor BOA.
WAnt to keep
Read more…I just had Chase decline a short sale of mine citing one of the reasons being that the borrower was not currently behind on payments.
My question is; moving forward with a deed-in-lieu, wouldn't this same issue of not being in default be a denial f
Read more…I am currently selling a BOA short sale. I have had several new companies contact me about working for them. Which companies BPO's lead to listings? I don't want to be a BPO agent, I want to be a selling agent.
Read more…I am working on a short sale, and when I did my preliminary title search, I was surprised to learn that the seller had previously transferred title to another person doing a "subject to" existing mortgage closing. Now I have a siutation where the se
Read more…I am buying a BOA short sale house. I signed the contract in Oct and received the short sale approval in the beginning of Dec 2011, loan was clear to close on 12/21 and closing was scheduled for 12/29. Few days prior to closing I was informed by the
Read more…I have had the same situation occur. I reached out to the supervisor and team lead at Chase and I was told the same thing, it is a Feddie Mac Rule. However I was not able to get that in writting. I was told to do what ever after the closings such a
Read more…Was just informed US Bank is adding extra security and requesting on there Autho Letters the time frame you expect to speak on the file and also your compaines TIN or the last 4 of the social.
Just an update for the SuperStars.
Read more…I have a client that filled for bankrupcy and it was discharged 21 months ago. Their house was included in the bankrupcy (upon advise from their lawyer) eventhough they were able to keep paying it. They indeed kept the payments, never late. Now they
Read more…I am working on a short sale where the husband (not on the mortgage, not on title, non- owner occupied property, not liable, and doesn't want to get involved) has excellent income ... The wife is unemployed and has been a homemaker for the past 4 ye
Read more…I have a short sale approval on the 1st lien with BofA. I'm currently working on the 2nd lien approval with SLS. SLS doesn't want to lower their payoff amount. However, the seller is willing to contribute the difference ($5K) at closing. Here's t
Read more…I wanted to tell everyone that I signed up with this company. I was under the impression the leads were exclusive but received a phone call today from one of the leads asking that I and the other agents from HR3648 stop sending him marketing material
Read more…Due to oversight at the attorney's office, a tax lien , and two improperly recorded?? security deeds were discovered after the pre HUD approval.on a short sale. Of course this happened during the Christmas-New year for a closing scheduled for 12/31/
Read more…I thought you guys may find this a bit interesting. I wanted to start "recording" my conversations with short sale negotiators for training purposes. Sound familiar? So, I got a call from a Chase negotiator and he gave me the whole commentary rega
Read more…I am dealing with Fannie who thinks the house is worth more than anyone will pay for it. We provided the servicer and Fannie with a CMA (market analysis) and showing history. Our home has dramatic paint jobs in every room, older appliances, some un
Read more…I can already tell I am fighting an uphill battle with Flagstar. After speaking with loss mitigation they pretty told me they are not interested in working with me on a short sale. This seller has a true hardship and because she did not respond to a
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