Has anyone worked with Zwicker & Associates on a judgement? I need come contacts to get this expedited. I have short sale approval from both liens and buyer is ready to close but this lien just got recorded and I have no one to contact to get a set
Read more…I have a HAFA approved short sale that has probably been sitting on someone's desk for over a month. I finally found out that after not getting any response from the negotiator that as of this week BOA is no longer working with the department that ha
Read more…Hi- Need a company to help with our short sales- getting bogged down with details. We are in South Florida. Please let us know of your success with them. We have had a couple Duds we have worked with. Thank you, Sunnie
Read more…I was hoping someone could give me some insight on how long it takes for from start to finish in the HAFA process with Chase/Freddie Mac. Here is where we are. House has been on the market for 3 years. Original loan was for 282K. The house at that ti
Read more…I have a deal with BOA HAFA...we have been ready to fund since Monday and I have been waiting for the approval letter with a change of closing date since last Thrusday. We need to close by tomorrow because we are up againist a sale date next week. Th
Read more…Does anyone know how much Freddie will allow a Buyer to request in closing help on their shorts?
Read more…OK, all my Florida peeps -- Item 7 has me confused.
Back-up Offers (Check one - if no option is checked, then option (a) is deemed selected):
Choice a says that during the term of contract, seller agrees not to accept or enter into any back-up offe
Read more…Anyone ever try to escalate a loan owned by a CDO to the "investor" trustee? Success or wheels spinning?
Read more…If your client (Seller) receives an offer from B of A stating that he/she has been "approved" for a HAFA Short Sale, you should pray that AMS is not negotiating for B of A. We are now 10 months into the transaction, I have provided every single docu
Read more…Please help! I recently got a second turndown from Fannie Mae SS. The basics: 5 price reductions and offer for 180,000 (LP 185,000). When I disputed Counter 1, negotiator told me independent BPO came in at 180,000. Fannie Mae countered at 250,000 and
Read more…You can probably tell that some of these buyer's agents are getting on my nerves today.
First, they don't understand that the lender is not a party to the contract and that the seller is the party who accepts or ratifies the contract. I have to ex
Read more…I am wondering if anyone else has experienced this situation. We got word from our negotiator 3 weeks ago that we would have a deal if the buyers came up in sales price. The buyers went for it and we got the documentation into the negotiator. We h
Read more…The Hafa program is supposed to speed up the short sale process...in theory, mind you. Anyone believe this to be true? And just how long does it take, on average, for a Hafa/BofA SS?
Read more…To update you all, we got our letter of approval on our first!! This was a huge hurdle...now we just need approval on second lien with gmac approved. Anyone have experience dealing with them? Just want to prepare myself if this is going to be a diffi
Read more…Did anyone ever have any luck convincing USDA to stop an auction?
We have been calling on a property that was listed for a short sale and, even though we were authorized, were unable to get any information from USDA as to the foreclosure status of th
Read more…When HAFA first came out, I could have sworn that I read some where that the lender is supposed to give the borrower the HAFA forms, apply, and then the lender does a BPO upfront before the home is even listed and tells you what price you can list at
Read more…Pretty much all the agents we work with have done HAFA short sales where the lender first saw the deal when the contract was submitted by the agent and then a BPO substantiates the FMV for the contract and the sale goes through. HAFA has certain ben
Read more…Working on FHA short Sale through Wells Fargo - NIGHTMARE - they had an appraisal completed by an appraiser not familiar with the area (not member of local MLS, unfamiliar with localities, taxes, etc...) who valued property (Wells calls it Fair Marke
Read more…I just received an offer one of my listings and the buyer's agent is the father to one of the buyers. ASC is the lien holder. Just wondering if ASC will consider this to not be an Arms Length? Typically, it is relation to the seller.. Has anyone ever
Read more…Hi All,
I am working with a buyer on a short sale, and after months of waiting we received a counter offer from the bank. The property is a 2-family building which the owner occupied one unit of until about a month ago. The buyer felt the counter of
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