IF YOU HAD A SHORT SALE CLOSING WITH THEM, PLEASE GIVE ME AN ADVICE, THEY ARE REQUESTING TOO MANY DOCUMENTS FROM THE SELLER,THEY INFORMED ME THAT IT IS A FREDDIE MAC LOAN ,I MIGHT NEED TO CONTACT FREDDIE MAC DIRECTLY IF YOU HAVE THEIR INGO PLEASE PRO
Read more…Barring Congressional action, Federal Housing Administration (FHA) loan limits will revert
back to loan limits determined under the Housing and Economic Recovery Act (HERA) for loans
insured by FHA on or after October 1, 2011. As a result, FHA loan l
Read more…I have short sale approval from Indymac Bank. I also have a buyer who called on the property when I first listed it. Has anyone represented the seller and buyer in an Indymac short sale transaction and successfully received the full commission?
Read more…My company has a doctor who currently makes about $250K per year. He and his father purchased a beach condominium as investment property. The father is not on the mortgage. Both his condo loan and his home loan are with BOA. Can we establish hard
Read more…http://realestate.msn.com/more-short-sales-bring-new-scam-flopping
More assumptions without facts in this article. Looks like the buyers agent that lost out has some sour grapes. Would be nice to hear both sides of the story.
No mention of whethe
Read more…Hi: This is my timeline: 04/03/2010 – Looked at home like it but decided to keep looking at other homes 04/09/2010 – Signed Contract, submitted to sellers agent 04/10/2010 – Sellers accepted & signed contract 04/12/2010 – Sellers agent submitted cont
Read more…So i just got an FHA short sale approved through the worlds greatest servicer Met Life (you should be laughing) after 4 months on churning in their system. Anyway they gave me until 9-12-2011 (see attached) to close this! When i asked my negotiator a
Read more…I am trying to approve a short sale and the bank said the seller has no financial hardship. Seller has never said so and always made full disclosure, in his hardship letter, that he needs to move out of the State due to a family emergency. It turns o
Read more…What's everyones thoughts on the recent MHA Servicer results through July 2011??
Read more…WOW, more finger pointing and no one wanting to take responsibility for their actions...
http://money.msn.com/market-news/post.aspx?post=a7ae879b-f1f9-4856-b281-3f747fa8ee23
The suits will argue the banks, which assembled the mortgages and marketed
Read more…This is a Chase short sale and the mortgage company has come back with a demand for a $17k interest free note from my sellers.
Does anyone have a solution for this, or is my short sale dead? The sellers have no room in their budget for a note like
Read more…The first is JP Morgan Chase they have approved a 6,000 payout.
The second PNC bank wants 10,000
The buyer is willing to raise the price to cover the 4,000.
Chase says HAFA rules don't allow more than 6,000. total
Any suggestions would be apprciate
Read more…I have a client that has a current loan with Lender Business Process Service (now called SETERUS). I was reading on the web some comments about this lender and they are not real positive. I would like to know if anyone has worked with them and if s
Read more…Would love to meet the superstars that are going to Mega Camp next month?
Roll Call!
I arrive 5:30 PM on Monday
Read more…I'm having major issues on a FHA/PFS - the negotiator will not move forward because the homeowner filed BK 7 and has been discharged per the legal department they cannot do it. I got HUD involved and per HUD as long as the BK attorney is cool with i
Read more…Hi Everyone,
I'm looking at my first SS with a bankruptcy involved. I was told by a very experienced short sale agent that the bankruptcy had to be finalized before the short sale could be done. However, my client's bankruptcy attorney did not give h
Read more…If you have suggestions of whom my husband and I might speak/meet with that has a great REO business, I am looking to spend a couple or three days in the city they operate in to consider establishing an REO business. Please have them contact me at
Read more…I have been working a short sale with BofA through Equator. I am the listing agent. Last week, the buyer that we have been working with for about 3 months or more walked away. I have a better back up offer. I have received an email from BOFA/Equa
Read more…I will appreciate anyone's input to my situation. We are currently working an IndyMac second-home short sale with FNMA as the decision maker. Two partners are on the deed, but only one on the mortgage.
FNMA has requested the financials from both
Read more…
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