Once a home is foreclosed what happens to the renter? In this case, the renter has been trying to purchase the home via short sale, but time is going to run out(it has taken 4 months so far) and the home owner is 10 months late. After the foreclosure
Read more…My seller has just been told she is ineligible for short sale by a BOA negotiator. Are there any options before I tell the buyer and pull my sign out of the ground?
Read more…Does anyone have any experience with deficiency laws in SC? I have a client who did a short sale in 6-10 that has a approval letter releasing him from 1st mtg but 2nd mtg left the 9700 open (it was originally 65k) & he was recently served in Georgia
Read more…I would like to Short-sale my home, and I am looking for an agent?
Read more…I think by now, most people are familiar with this CA Senate Bill 458,
SB 458, Corbett. Mortgage Deficiency Judgements
"Existing law prohibits a de
secured by a
not more than 4 units in any case in which the trustor or mortgagor
sells the dwelling f
Read more…$490,000 Sales Price nets Chase (1st Lien Holder) $415,000 on a $611,000 note.
Chase agreed to pay $6,000 to Sun Trust (2nd Lien Holder) subject to closing by year end 2011.
After having submitted a complete package through Sun Trust's collection agent
I have a BofA short sale with a very large IRS lien. In their counter they have "Other Lien(s) Release Amount" and "Cash Contribution to 1st Lien." What is the difference. There is only one other lien and it's the IRS one. Please help me understand t
Read more…I have a FHA short sale and the only thing holding up getting an ATP from Wells Fargo is a lien release or letter from attorney that they will release the lien at closing once lien is paid. The buyer has agreed to pay the lien at COE and of course, i
Read more…I am hoping to hear any feedback from anyone dealing with POPA in either a short sale or bankruptcy. I have a seller that just contacted me to do her short sale and explained she is in Active bankruptcy with POPA. I would love to know what I am up fo
Read more…Have a FHA Short sale BOM said it could not go thru Equator this has been going on since August and Seller has provided all documents each month. Just got a negotiator last week and the will not return my calls. Please advise thanks
Read more…Hello Everyone and MERRY CHRISTMAS to you all and your families.
I have a first time issue Im wondering if anyone has had.
Short Sale, 1st Mortgage with Nationstar Fannie Mae backed, wants 10% to give full waiver, has to give 2nd 6% per Fanni
Read more…I know this may sound like a offbeat question but has anyone been successful in getting a tenant relocation money. It is a long complicated story but bottom line is I have a tenant with "squatter" rights and seller can not afford a formal eviction as
Read more…I have a potential client who would like to do a short sale, but a co-signer who has never put any money into the home does not want to sign anything. Anyone have any experience removing someone involuntary from a loan?
Read more…When it comes to HAFA, do I need to do something to see if my clients qualify or is it automatic? Last time BofA contacted me and asked if my sellers wanted to apply so the could get the cash. Don't want to deny anyone that opportunity. Thanks!
Read more…After being in escrow since July 25th, we negotiated with Chase and we have finally both agreed on a number. That number is 56k more than it was listed and only 30k less than Chase wanted for it. However, there is an outstanding HOA bill of $12,000 (
Read more…I am current on my mortgage. I applied for a short sale with Wells Fargo and was approved late July. I am being told from one person at WF that since I have the approval that no more regualr monthly mortgage payments should be made by me. That WF
Read more…As I read the many Arm's Length forms from the various banks, they are each very different. My daughter is going to sell her condo short -- if someone else negotiates the deal....can I list the property?
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Hello All, any advise would be very appreciated!
After long 8 months (I'm the buyer) I finally was provided an approved letter from bofa on the short sale property which had two loans on it. Among other things, it had a 45 days condition to close
Read more…BOA is looking at a new program to rent a home back to the borrower after foreclosure.
"We are talking with investors that would come
Read more…This is a story of WOE. My neighbor is a State Trooper. He was hit by a BK roofing truck. The state of Fl paid him for ONE day of missed work. He was out for 2 months. With 2 children and a stay at home wife, they used up their savings and maxed
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