So here goes.long story short. Three years ago now I have stopped making payments after we found fraud and another member of our group file for bankruptcy on a 1M house that was done as an investment/second home property (we were going to use it for
Read more…I have a property that had about 4 showings and one offer. The offer came in after two price reductions.
Started at $140,000 - Reduced to $129,000 and then to $119,000
The property needs a LOT of work. Offer came in at $110,000 which was reasonab
Read more…A little long so I'll set up in bullet points:
Does anybody know how to contact FNMA to review a ss?.. other than the resource center # (They don't help) and BOA won't release any information-they do not contact anybody themselves via phone all is done via email/system, so that doesn't allow room
Read more…Does anyone know of any eaier route to move a short sale forward before a certificate of sale is issued? We need something in writing from the short sale lender stating that they will delay the certificate of sale from Bank of America. Second with
Read more…I just got a Short Sale Listing with Lien Holder Bank of America. The Sale date is July 15, 2011. When I tried to upload the 3rd Party Authorization onto Equator. The sytem kept on Reading this Loan is already in the system, then I called BoFA Short
Read more…Will BOA accepet an offer from the listing Broker? Can my Broker make an offer on a short sale listed in our office? His is the only offer we have after 30 days.
Any advice or input? Thanks
Read more…We got an approval letter that includes a $20000 seller concession. If the seller takes it what are the tax ramifications? They are using the money to pay down the second mortgage.
Read more…I have a family friend that needs to do a short sale in North Platte Nebraska. I looked on the map and don't see any agents listed. If anybody has a contact there it would be much appreciated. The seller contacted an agent there and she told him th
Read more…Hey guys! Help me! My client just got a call saying her Homeowner Foreclosure Alternative has been approved after punching in a message code and said they are sending the package to her in a few days. Is this a short sale approval package? I thought
Read more…I have a question. Have addressed it to several with no response so thought I would address here. Received ATP on this deal, turned in requested docs to receive the approval. Havent heard a word form anyone since doing so. I have emailed the closing
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I have a file where I successfully obtained short sale approval. Now, the problem is with the buyer obtaining a mortgage. The condo association has more than 15% of their units behind in dues. Apparently, FHA guidelines have poured over into the c
Read more…I have a home set for f/c on 9/13/11. We initiated the ss in Equator on 8/26/11..shortly thereafter the negotiator took a leave of absence and is not returning till after the scheduled f/c date...another person or individuals were suppose to be moni
Read more…Worked my ass on the first through Citi which went smooth. 2nd was C21 equity line which is a servicer. They would not move forward until I had approval letter from first. Sent them everything and second just denied the short sale for no reason.
Read more…Can someone explain this to me?
I have a seller whose going through a short sell with EMC
EMC ordered a BPO and that value came in at 119
My client had an apprasial completed value 115k
EMC says they will not accept anything less than 218,000
Doe
Read more…I have run into this with PNC while back and was able to work it and get it to close but I just got off the phone with US Bank and I'm fighting a directive (they say) from Freddie that is an agreement between them and their files. The directive stat
Read more…Anyone know of some short sale help at Wells Fargo/ASC that can extend a short sale letter on a file that I am being told cannot extend beyond 8/4/11 due to the ASC files having to close within 90 days of approval? A lot of the time was spent at th
Read more…I AM IN THE MIDDLE OF A SHORT SALE (WAITING FOR THE APPROVAL LETTER) AND MY SELLER SAID THAT AN ATTORNEY HAS ADVICE HIM TO FILE BANKRUPTCY IN ORDER TO KEEP HIS PROPERTY.
Read more…Here's a new one! My client received a letter yesterday that said: "The Henrico County Department of Public Utilities has been notified of a pending foreclosure for the property. . .The sale of the property is set for September 16, 2011. . . As a r
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