I have a BOA first lien that has been HAFA approved for a short sale. Because of the HAFA approval on the first, is the second lienholder obligated to approve the short sale on the second?
Read more…Has anyone had luck getting Chase to do a full release on the 2nd lien ? We are HAFA approved....2 loans with Chase....1st approval says full release...2nds approval just says they will take the 6k to settle the account and release the lien. I have n
Read more…Nation Star and the Investor have agreed to the offer price however the MI company is digging their heels in and wanting contributions from the sellers. The sellers have countered to a lower contribution amount and Nation Star is stating that it cou
Read more…Just saw this...
http://homeloanhelp.bankofamerica.com/en/events.html
More importantly do you think this is part of the grander scheme to pre approve short sales we have heard so much about?
Cheers
Read more…Does anyone by chance have a letter template that has been very effective when negotiating with an HOA? The Management Company says the request has to be in writng to the HOA Board.
$4600 is owed and bank says they will give $2500 and no more. I wa
Read more…We are looking for a short sale software program that will assist with organizing the short sale process and allow agents access to log-in and view updates/status of their files. Any recommendations? Short Sale Commander is the only one that I have
Read more…We are first time home buyers. We found a great house that is in short sale. The listing price was $299k(I know that doesn't matter...only what the bank will accept matters.) The home has been vacant/no mortgage paid for 3 years. The seller origional
Read more…I have a client that has come to me and says that BOA is offering to accept about 80% of the current value, (about 50% of the existing mortgage balance debt) as acceptance to pay off the exsting mortgage. The buyer has the ability to have this fu
Read more…My cash buyer in Goleta, CA told me he thought first lien holders work with second lien holders to try and find a resolution?
Read more…I am in the process of negotiating a short sale with Deutsche Bank for my client, an active duty navy member. My client was transferred out of the area by military orders. Has any one had any success with this bank and a short sale. They are askin
Read more…I am running into more people with security clearances that need short sales. The question always arises about the impact of a short sale, DIL or foreclosure on their ability to obtain or retain a secutiry clearance.
Has anyone in the network had an
Read more…I have approval from Chase, the servicer on the 1st. SLS is the 2nd lien. They are requiring 15% of the balance in settlement/ 15k. First lien will not allow any more than $8500 in settlement. They won't allow any other proceeds on the HUD1 from
Read more…Any tricks out their to get the Junior to reduce their demand? American General wants 12400 we only have what b of a is offering 6000.
Read more…Good morning,
I have lost track of this bill. I know it was sent to committee in May. Did it pass? A buyer's agent mentioned it in an email to me and she said it was effective 7/1. Even if it did pass, I think it was a voluntary program. Can an
Read more…Dear Short Sale Agents.
I have been successful in escalating a file with US Bank as 2nd position lien holder. This escalation was successful due to the email addresses provided by short sale superstars US Bank page.
I am currently in discussions wi
Read more…I have had a file with US bank now for 11 weeks. They have said in order to get a negotiator regular wait times are 6 weeks - we have been waiting for twice that long! I have escalated 3 they have touched the BPO in the 11 weeks! Any advice to get s
Read more…I have been provided with a "Clear to Close" status and was directed to see the "Clear to Close Documents" by going to Equator and logging into the "Messages" section. No documents located on my side (spoke with the Equator folks and they don't see
Read more…Well this is new...the buyer on my short sale listing asked for repairs from Wells Fargo and I sent it in thinking NO WAY. Well, surprise, Wells accepted the lower offer amount within 3 days. Wells has been so amazing lately, I feel like I'm dreamin
Read more…This is the first time I've come up against this - anyone else?
Chase has an extension for 2010 taxes from my Seller that expired this month. They are now telling me they won't approve the short sale until he files his 2010 taxes which he can't affo
Read more…Well, nobody's perfect, but...
For a listing agent, what do you consider makes up the "perfect" short sale package to submit?
For a buyer, what do you consider makes up the "perfect" offer package to submit?
Read more…
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