Contract on 7 year old Manufactured Home (mobile) 1700 square foot double wide on foundation on 3 acres. Sellers purchased for 159,000 9/08. Seller H lost job. Now divorced. Balance now over $180,000. Seller H has 21,000 judgement post divorce. Post
Read more…I'm hoping someone can give me insight on how close we are to getting approval. Hafa approved short sale. I am the buyer. We have received a counter from negotiator from b of a , they changed date of close to end of November. Everything else stayed t
Read more…We've developed a unique new process to flip an auction purchase to the short sale "C" buyer. The first lender for the short sale must be BofA, the property must be in CA, and the "C" buyer needs to be conventional financing.
Contact me if you hav
Read more…I closed on a short sale in May with a sizeable loan deficiency the bank forgave. The lender refused to put language in the short sale contract stating that I would personally be released for the deficiency. The contract states the lender will send
Read more…We have been in a short sale for almost 5 months and about a week ago the sellers asked for an extension to have time to remove the remaining furniture items from the home. We said no and offered to help them move the few items along with their real
Read more…There have been alot of questions lately about finding certain contacts and their information regarding bank execs or negotiators. While the quickest and maybe easiest way to get this info is to ask a member for it, that is not always the most reali
Read more…Hello Superstars,
Newbie here with a question. When a seller chooses to go with a Deed in Lieu of foreclosure, does the lender take the property to trustee sale as with a standard foreclosure? Or does the property skip the foreclosure auction al
Read more…This is a new one to me. I am taking a new listing where there are three parties on the mortgage, but at the end of 2010 one of the parties deeded his interest to the other two. I have already advised them to check with their tax accountant/attorney
Read more…I love how Bank of America puts out this fantastic advertisement about their new system to change out buyers on short sales that is basically the same exact system. Now instead of a Hard decline on a file where you have to resubmit the entire file th
Read more…I have a client who needs to short sale their home due to a divorce and I have heard of some lenders allowing a seller to short sale their home and purchase another property at the same time or shortly thereafter as long as they are current on their
Read more…My client lost her job and is using her savings to pay her mortgage. I was informed that the Hafa Short Sale was denied because she was not 60 days or more late on her mortgage. Do you have to be late in order for a short sale to be considered? The r
Read more…Hi
I was wondering if there is a black and white answer to this question? Of course, the 2nd lender would like to receive their full payment from the borrower, however if the borrower were to make some amount of payment (less than the full payment)
Read more…WE AS AN AGENTS NEGOTIATING THE SHORT SALE HAVE TO REQUEST A HAFA PACKAGE OR IS THE LENDER WHO MAKES THE DECISION IN WHOM QUALIFY FOR HAFA, SENDING THE SELLER A PACKAGE?
Read more…We have just received an offer on this property. I'm the agent for the seller the redemption period is up Nov 19th. It it still possible?
Thank you-
Read more…Our Assigned negotiator finally provided what she says is an approval, she swears it is actually, but we are not able to close on it as it appears to be an application. No required Net for recon or specific good thru date, nothing. (I wont complain a
Read more…I am trying to purchase a short sale and it closes this week, though the owner is not ready to move out yet. We are ready to purchase, and I would think the bank might grant the extension rather than have it foreclose.
1. For what reasons does a ba
Read more…I made a quick search to see about this question. What if a buyer wants to do a wrap on a short sale. Is that possible?
thank you
Read more…Wondering if anyone has been dealing with mortgage lenders requesting that whoever signed the short sale approval provide proof that they have authorization to sign an approval??
They are saying they wont fund a loan without it and to be on the looko
Read more…Has anyone heard of this company? They offer to buy your house regardless of Equity, condition, etc. What's the catch?
Read more…I have heard that you can complete FHA's PFS without your clients missing a payment and allow them to close on another home for a smaller payment. I have clients who are getting divorced and the husband who is keeping the home cant afford the high ho
Read more…
**********************************
like buttons
************************