Hi folks. If you handle Short Sales then you know the importance of the BPO (Broker price opinion). Lenders heavily rely on the opinion of a neutral agent when it comes to placing a value on the short sale property. So it's important that the agent d
Read more…Hi, I'm a realtor from Murrieta, CA. I need to stop a sale on a property scheduled for 10/21/11. Can't seem to get Saxon to send me the short sale package to submit my seller's package. Anyone has it? Please email to homesmoreno@gmail.com or fax at 9
Read more…Can anyone recommend an online fax service that can handle multi-page uploaded packages ? We've got a high speed digital fax at the brokerage but half the time it is "down" and I really don't go in the office much.
I have a MyFax account but it ca
Read more…OK, so I have a client that received a notice of auction date over 1 year ago. She moved out of the home before the sale date. 6 months later she gets a notice from the HOA. Long story short is B of A never foreclosed. I listed the property for sa
Read more…Good morning folks. I started negotiating a short sale with b of a in April this year. The negotiator wasn't so good at her job. Did not even know how to read the HUD correctly. (amongst other things) Short Sale was fully approved 5 months in (
Read more…I'd like to know if California agents have already seen some short sales get rejected due to SB458. I had one approved prior to the new law with the seller paying a prom note but the buyer backed out. Now I have to start again and I'm wondering if th
Read more…I have an offer in on a listing since 5/5/11 on an FHA loan with BOA. Anyone have a contact that can help me? I have heard every excuse from BOA known to man. I contacted FHA and they sent me back to BOA! Going crazy
Read more…I am doing a short sale with CM lst, and 2nd with Chase. Buyers agent sent me a request for repairs, and it was submitted to Central. Central came back with a No, and on top of that they want 31K more. I asked why are you sending me a counter, righ
Read more…Chase will not pay more than 6% to the second and Wells Home Equity will not take less than 10%. Which is a difference of $1148. I have offered to reduce commission to net Chase the same but they say investor will not pay more than 6%..to the second
Read more…Does anybody know how to escalate a B of A Short Sale Coop w/ REDC as asset manager for investor.
We have a cash buyer/ agent who wrote an offer for $245K without the 3% commission to them. Appraisal and counter came back at $280K which did not supp
Read more…OK. This is a first for me. I have an offer on one of my listings where the buyer's agent has written into the contract that the lender is to repair missing roof trim and any issues that may arise in the home inspection! Geesh!
Anyway, I explain
Read more…Is it legal to list a short sale, and mark it pending a few hours later? Do the banks look at how long the property was marketed for?
Read more…I am just wondering if anyone has had experience getting the bank to pay off a judgement that has come up against a seller in a short sale? Just curious
Read more…
I have a client who is netting $450,000 on his taxes. His expenses are approximating $700,000.
These expenses are not deductible to his business. He has four condos and would like to short sale at least two of them.
Can we get a short sale done
Read more…I know as a FHA borrower we cannot contribute to the second but can the buyer contribute to the second? Thank you
Read more…We were in contract and due to circumstances on our side (funding not available in time), fell out. At the time, the house was an approved short sale from BOA for $314,00 in a town that the home prices are not rising but 1% a month (if that). The s
Read more…Greetings,
Want to share some experience.
BofA seems to be taking a pro-active involvement in the Short Sale Process, have closed many with them.
We are closing a HAFA short sale file - today - that Loan Resolutions Corp handled for BofA. The onl
Read more…I am in the process of doing a short sale in tx here is the problem in TX they have a rule where the property can be sold with out a judgment, there is a sale date and i need time to arrangethe short sale .the question who do i go to halt the sale
Read more…I'm starting a short sale where PNC is the 2nd.
Sellers do no want to sign the Short Sale Deficiency Agreement (section B) on the PNC form.
Has anyone had success with any of the following:
1) having sellers simply not submit that page of the docum
Read more…I have been working with a client who has been working on getting a loan mod, (which they are now coming to grips on will not happen and will now short sale). They have an FHA loan that is with BofA. They have not received an NOD or NOT from BofA but
Read more…
**********************************
like buttons
************************