I had a question about the process and hope someone can help...
I made an offer on a B of A shortsale-approved property at the end of May. The seller's agent indicated that this will be a short process, perhaps 6 weeks weeks for re-approval. It'
Read more…So I just had a short sale declined from Fannie through BOA because the homeowner is current and they do not see an imminent hardship to approve the short sale while current.
Not that it is typical on a short sale for the homeowner to be current th
Read more…hi,
Well, in 33 years as a Realtor this has not ever occurred. I'm in middle of a Wells Fargo short sale, 1st and 2nd. The seller passed away last week, has a trust and the successor trustee is more than willing to move forward with the short sale.
Read more…Just a reminder....Join C.A.R. and Fannie Mae for a 1-hour live webinar on how to speed up the short sale process. The webinar will be moderated by CEO Joel Singer and will feature Marcel Bryar, VP of Fannie Mae, along with a special presentation of
Read more…Good Evening! I am an agent in Toledo Ohio and have a client who needs to do a short sale on a condo down there. Looking for an experienced agent to help or possibly someone who is a littler new to the game who'd allow me to consult for them to make
Read more…Afternoon Superstars. In May I started a discussion http://shortsalesuperstars.com/forum/topics/the-short-sale-black-list The Short Sale Balck List and was informed by an insider that there was indeed a list. So I was just reading this article http:/
Read more…Anyone have a seller "hold on to your offer because they think it's too high to get a loan"? They won't accept or decline.
If you think you are getting the run around with an offer, is there any recourse for a house listed as a short sale in lieu
Read more…Okay, A fellow Realtor friend has a investor seller who refused to close on Friday because the approval letter said he would get a 1099. He said he would let the property foreclose unless the bank agrees to not 1099 him. She is now seeking this from
Read more…Help!! I have a 1st with Carrington Mortgage that was approved but has expired due to the extended time it took the 2nd (Ascension Capital Group) to get an approval. The 1st had agreed to a net amount and stated as long as their net wasn’t effected
Read more…PMI requested a Note but Seller could not oblige. Buyer still wants the property, but does not have cash for the Sale. Is there a way to snag the property before the Sale?
Read more…I have a buyer who wants to make an offer for a short sale on this home. The son just signed off on the Authorization to Disclose info to me but the loan is still in the deceased owners name & they won't even talk to the present owner of record. Ba
Read more…I just spit coffee on my lap top when I read this...
Freddie Mac wants our help? Really? I thought that we were the problem and not the solution
Read more…WE got verbal approval from negotiator after agreeing to raise the sales price $from $142,500 to $145,00. Since that time he has not responded to us which was 30 days ago. His VM(no email at chase) says he will contact us every 7-10 days so only leav
Read more…After eight months on the market as a short sale without an acceptable offer, my client asked US Bank and VA for a deed-in-lieu. It was just denied because of "property condition." The property is one unit in a 12-unit condo complex. The borrower'
Read more…It will be 2 weeks since the negotiator forwarded the offer to the investor on a 2nd lien...and still no response! The 1st which was also with Morgan Stanley has responded. Now the negotiator will not answer calls or email. I called Morgan Stanley
Read more…I am a homeowner trying to sell my home. Fannie Mae is the investor and Chase is the servicer. After being on the market for a year, never missing a payment and over 100k decrease in price we have a potential buyer for our home.
May of this year we
Read more…AHMS is charging a buyer a 1% administrative fee on a short sale. Is there a way around it? Will they let the deal die if the buyer won't pay the fee?
Read more…Has anyone had any luck with a direct mail or door knock campaign using a short sale mailing list?
What is your conversion on the list? What service are you using?
Thanks for your insight.
Lev
Read more…Hi guys... I'm working on a SS with Central Mortgage . They disallowed contribution for buyer's closing costs, attorney's fees, reduced real estate agents commission to 5%, and will only allow $3000 for the second lien (This is not a HAFA). Any sug
Read more…I am a Realtor in California and am stuck between a 1st and 2nd lienholder. 2nd wants 10-12% of their unpaid balance. 1st says that because it (the 1st) is a FNMAE loan (NOT HAFA), per the FNMAE investor guidelines, the most the 2nd can receive is 6%
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