WHAT IS THE FASTEST WAY TO FINISH OFF THE HAFA NEGOTIATIONS, MY CLIENTS HAVE BEEN IN IT 3 WEEKS AND STILL NO ANSWER. WELLS FARGO WON''T EVEN START EQUATOR UNTIL HAFA IS COMPLETED. WHAT OF A WASTE OF NEGOTIATION TIME ON THE SHORT SALE MEANWHILE THE
Read more…I have an agent who is short selling his sisters house...The CitiMortgage Arms Length -when you read it seems no one can be related but CitiMortgage person told me that it was okay if agent and seller were brother/sister...that main concern was buyer
Read more…Hi,
We are the buyers and received a short sale approval from BofA! They have moved along super fast.
property in southern CA.
* 30 days, received the counter offer from BofA. They would not pay seller's $750 escrow fee. Fine.
*10 days later, we r
Read more…I have a potential seller who has a second home in California, that is 200K upside down, one loan. It is with Citibank. He has assets, good income, with no hardship. He may let it go into foreclosure. Has anyone been able to close a short sale when t
Read more…We have submitted an offer and are currently in negotiations with US Bank as 1st and 2nd lien holders. The property is located in Kansas. Contract was submitted for $157K, the Bank's original counter was at $170K, and the buyer's certified appraisal
Read more…Does anyone know if an IRA (Individual Retirement Account) is protected from deficiency judgments?
Read more…If you are an agent and want to learn all you can about short sales check out http://www.TheShortSaleCrush.com. It is tons cheaper than other courses out there. It explains everything and is by 2 of the short sales master who have now closed hundre
Read more…Here we go again, Fannie Mae loses 5.1 Billion in the second quarter. They are asking tax payers for 2.8 Billion more.
I wonder how much of this loss is from short sales being denied and foreclosure proceedings taking place.
Read more…I want to personally thank Bryant and Wendy for having the very best short sale site available! The insight and knowledge that we get from this site is priceless. How could it get any better?
I will tell you how!
Please see the Short Sale Training
Read more…Hi -- Apologies for my first post being a request for help, but I'm getting nowhere with my agent or attorney, and hope some of you might have some advice. In short, I'm trying to understand how a decision that's just been made -- about 60 days afte
Read more…I have been reading about FHA rules and I have questions: Is the 30 days starting from when you applied the short sale or when you put your home up for sale? If my home is appraised at 600K and broker fees are 6% and there are tax liens for 100K, wha
Read more…I had a phone call from a B of A negotiator, they are ready to approve the short sale, and in reviewing the buyer's pre-approval letter, buyer's lender did not specify if buyer is conventional, VA, FHA. Negotiator said that only government loans are
Read more…I am handling a VHDA - Virginia Housing Development Authority- short sale. They tell me they only pay 5% brokerage fee, and NO purchaser's closing costs. In addition, all normal seller's closing costs over the brokerage fee plus $500 is the seller'
Read more…Been going back and forth with the negotiator. He keeps telling me, "you will have the approval either today or tomorrow"....he keeps telling me this every day...finally I get this today from him. What do you think this means?
"Hello, well at this
Read more…I am trying to work with Citizens bank on a second for my short sale. Does anyone have any good contact info. for them? I keep getting transferred from department to department.
Read more…I got a call from my client- she was sent a letter from Chase telling her that she can short sell, get 30,000 incentive, no deficiency plus 6% commissions to agents. She was told to find a realtor and list her property which we did. She had tried to
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Here is my question: Has anybody heard of a lender (HELOC) granting a principal reduction or modification without doing a short sale? I have a client who would like to stay in her home, and can handle the first mortgage, but not both. She is in def
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I have a very simple solution, STOP FORECLOSING ON THE PROPERTIES WHEN THERE ARE GOOD OFFERS ON THE TABLE!
STOP thinking that real esta
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This is one thing that really bug me about people. Have the common courtesy to keep your potential buyer informed, they are an integral part of the equation. Is this so hard to do? Is this too much to ask when you're asking a buyer to commit to
Read more…I just met with a client that has a 75% loss of income. He needs to sell and is still making his payments on time. He owes $137k on the first and has a HELOC for $157k. The house is worth $200k so the first would not be a short sale, it would be the
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