Hi All,
Can anyone reccomend an escrow and title company or a specific escrow officer or title rep in Southern California who understands the unique "challenges" we face when working a HUD ie buyer funds POC to an HOA, etc.?
I'm in Simi Valley bu
Read more…Has anyone been able to submit specifically to EMC a hardship package before an offer?
Still waiting for an offer and keep dropping price on this EMC shortsale. EMC told me I could not submit the hardship package without an offer, which I've foun
Read more…I have situation where BOA initially agreed to give a 3000 dollars to the second lien holder. This was the amount countered back by BOA through equator. So I accept it and simultaneously agreed to the second lien holder to pay 5000 with seller payin
Read more…First let me state that I am not an attorney. I have run The Mediation Centers of America for the last 2 years, so I do know the loan modification industry inside and out. On average, most attorneys engaging in loan mods are merely fronts for call c
Read more…I am a first time buyer. We submitted our offer in Mid June, 2011, and seller recently got BOA HAFA (just one loan) approval; however,we are still waiting for the HSBC (Investor Bank) authorization. Listing agent saying it will be any day.
Our agent
Read more…What the heck???? This HAFA. I are waiting for final Investor approval. This is FNMAE, one loan. Sale Date moved to 10/24 and we seem to be moving along quickly..all good. Then yesterday I was told there was MI and that was the hold up. Homeown
Read more…I have a seller that can clearly afford to make his payment but is so upside down, he wants to short sale it and be done with it. I have always had a hardship with my past clients, so am not sure how to compose this one. What kind of "hardship" lette
Read more…We got approval for a HAFA short sale, we were able to procur an offer before the expiriation of the approval, well it took them forever to finally start working on the actual approval letter, initial letter expired and we had to get a 60 day extensi
Read more…What are your opinions/experience with banks allowing relatives to list a short Waldo.
Read more…I am looking for a referral for an attorney or specialist in predatory loans. Specifically in negotiating principal reductions after filing suit against banks. Hopefully someone has had success in dealing with a professional with a proven track recor
Read more…Has anyone heard of DistinctPropertiesLLC.com ?
All the best,
Kieran
Read more…Hi,
I need some mind ease!! I submitted an Offer back on July 15,2011 at that time it was "approved shortsale" which reading up on this forum (excellent by the way) I realized that doesnt exist. Anyhow I offered the previously approved amount of $1
Read more…Is anyone else finding Chase is a NIGHTMARE lately. I have the WORST negotiator and this is the SECOND time I got her.
BPO came in at $125,000 and a 30 day value of $110,000. This property has had back to back auctions on it since it came to me.
Read more…We have had an offer in on a short sale since Aug. We understand that these take time. What we don't understand is that all we get is it will be a little longer. Our question to all of you is HOW LONG IS TO LONG? The latest excuse is that they have
Read more…What do others feel about the "pre-approved short sale" where the lender determines the price prior to ever receiving an offer?
My experience has been the lender way overprices the property, dragging out the time and the amount of work to be done to
Read more…From NOD, what is the average timeframe of a shortsale in L.A. county right now... does anyone have a rough idea?
All the best,
Kieran
Read more…We (the sellers) were approved for HAFA by Chase with no issues, but we were declined by Regions Bank. Would not accept the 6% of 7800.00 HELOC. We are going to go the traditional short sale route. My quesiton is do we have to start from scratch? Cha
Read more…So here's the situation. Home has toxic chinese drywall. Sellers didn't qualify for HAFA. Have a buyer at $40K who is going to rehab the house. Seller has tried to sue the drywall company but they are MIA/bankrupt and its not likely she'll see an
Read more…Does anyone see a problem with this?
An agent sent over an offer of $300,000 on a extreamly difficult listing (very difficult tenent). She told me she can probably go up to $350,000. The list price was $339,000. We have been waiting FOREVER for
Read more…
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