OK, agents -here's the million dollar question (I hope):
Where are some creative places to find homeowners who might be in default? It's always easy to find customers who have been served with a lis pendens/NOD, but what about the people who HAVE
Read more…I've been working on this one for 379 days and am on my 5th set of buyers. US Bank got it to go HAFA but the BPO came back too high so we disputed it. Now its been stuck at Freddie Mac FOREVER. HAFA deadlines be damned, they tell us they don't app
Read more…I have a serious problem with Bullet Point #2 (Reads: "Listing Broker/Agent Agreement: It is the listing broker/agent’s fiduciary responsibility to present the highest and best offer to the servicer.") in the wells Fargo required HAFA Addendum (see a
Read more…Has anyone ever heard of a short sale being denied due to the fact that the loan was a "No Risk" loan sold to Fannie Mae? Lender is stating that nothing can be done for first 5 years??
Lender is GTE FCU
Any help is appreciated.
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Hi all,
Homeowner went through Chapter 7 -- everything was discharged. Homeowner got a letter from Chase saying they were eligible for $20K by doing a short sale.
Homeowner also has a HELOC with Citibank -- that debt would have been discharged as pa
Read more…So a couple days ago, I put an offer on a house for 150k on a house that was listed for 165k. The next day we wanted to go through the house for another walk through and our realtor told us that the sellers did not want any walk throughs until after
Read more…I too, like many others, have just been informed by B of A that the second loan has been "service released" to Real Time. Of course this has occured at the end of the deal after we've been waiting 2 months for approval.
I contacted the number given
Read more…There certainly is a big difference between Wells Fargo and Bank of America when it comes to the process in equator.
I certainly prefer the way Bank of America handles it over Wells, what does everyone else think?
Read more…I need some advice folks.
I have clients that are trying to get into the HAFA program. They have a first and second both with BOFA, and we are moving along, at their pace of course. I have all my docs uploaded to equator and the apprasail has been
Read more…I am a buyer of a short sale. So far the whole process is moving quicker than I thought. We filled out our initial offer November 6 and accepted the banks counter offer on December 13. Since I am the buyer I only get updates when the sellers agent ge
Read more…Apparently they buy notes and in this case seemed to have bought the note for the second from Faslo. They will not budge off a 10% pay out. Aurora has already allowed $5K but they want an additional $5700 and willing to let the property foreclose.
Read more…I pre-market property. Many times I have it under contract within 24 hours or less after listing on MLS because of my efforts and a homeowner closes sooner this way for me. I've seen some debate back and forth about this. I'd like to open this up t
Read more…I am concerned about getting approved for my short sale b/c my mortgage was current. I qualify according to all of the other guidelines except the mortgage being current for HAFA guidelines - I'm not even sure if that is the program they are trying t
Read more…I don't know if anyone else caught this segment of 60 Minutes on Sunday. I thought it was an interesting snapshot of a crisis. All viewpoints and comments welcomed.
http://www.cbsnews.com/video/watch/?id=7392090n
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Hello fabulous short sale superstars!
I don't know if I had seen this question here before, but should you try and list a family member's home with you as the listing agent, of course with full disclosure, or just refer it out, so you don't break th
Read more…I am looking for some good resources online I can give out to clients that are wanting to read up on short sales. Does anyone have some good resources they use?
Read more…My deal has been approved by the PMI company pending a 5k prom note. It has now been sent to Fannie for investor approval. Is MI approval an indicator of investor approval? I'm under the impression that it is more difficult to get approval from the M
Read more…Just closed a Bank of America short sale, Florida Condo.
We lost our first buyer end of September and requested a "soft decline" in order to present a back up buyer. Offer paperwork submitted on Sept 28. New approval recieved November 30 and closed
Read more…Wondering if anyone has worked with the lender Old Republic? If so, any contact information you have would be great.
I have been negotiating a short sale with REDC/BofA on the 1st and what I thought was the second of CITI. Turns out after 5 conversa
Read more…Hello Superstars,
HAP denied a client's application due to his PCS orders were outside the September 20, 2010 window. What can be done to salvage this, if anything? Any assistance would be greatly appreciated.
Thanks in advance.
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