I have a BofA HAFA approved file in which BofA holds the first and the second. It is the first that I have been working with..will BofA or their marketing assistant handle that?
Read more…The seller of a home I have been trying to purchase for about 5 months is not moving (his agent has gotten him one extension after another) and the bank is scheduled to foreclose next month. I have been ready to go for months.
1. What is the likeli
Read more…Hello all,
forgive me for asking such a rudimentary question but here it goes:
I have a client who is the executor of his recently deceased mother's estate. He wants to get rid of the property contained in that estate but must do so via short sal
Read more…So I just got a HAFA SS approved and I represent both buyer and seller. Now I got the sellers mom telling me I have to give her son 2% from my commission. I already worked my butt off getting the home 14K cheaper than they wanted to take working my w
Read more…Is a Seller required to keep the air-conditioning running (to prevent mold) while the home is vacant before closing? The home (short sale) I’m due to close on later this month is now vacant. The tenant transferred the utilities to her new house whe
This is a Suntrust short sale non gse, where I am representing both buyer and seller.
Buyer is a cash buyer and now that lender has reduced my commission to only 3%, I was thinking in the right way of getting my remaing 3%... This may sound sill
Read more…There has been alot of talk about arm's length transactions lately and the banks "new" addenda needed. There has also been talk of flippers, floppers, scammers, investors etc.
If we want to know why the banks think everyone is trying to scam them, r
Read more…My short sale offer on a VA property was rejected because the BPO was much higher than anyone would pay. It was so high that the WF Negotiator countered our best offer with a price that was higher than current payoff. When I pointed that out, she can
Read more…I just got an approval on a BAC/Freddie Mac short sale in 20 days from the time I initiated the offer on Equator. It was a new offer on a listing that I just took.
I wish they all went this smoothly :)
Hope I didn't just jinx myself
Read more…There seems to be a trend now of requiring the buyer to enter into a contract to pay for the short sale negotiation, but not only that to also make sure the selling agent gets less commission when the lender reduces the amount. I have seen listing ag
Read more…Does anyone have experience with Statebridge? Am trying to connect with them to initiate a short sale. No response to my email and answering machine at the phone number unless you have someone's extension number. Anyone got ideas?
Read more…I am seeking to have conversations/referral with a knowledgeable short sale agent in or near Lambertville, Michigan (near Toledo Ohio). I'll also need to hire an attorney.
Read more…Is anyone sending these out after closing a short sale? What do you think about being specific regarding the house address? Leave the house number out? Does it matter?
Read more…I have a google alert for short sale articles set up so that I can read as much as I can get about short sales. This one just came across on Realtor.com
What Buyers Need To Know About Short Sales
I find it interesting always to hear from a short s
Read more…I have a short sale, only 1 mortgage w/ Banco Popular that it turned out to be negotiated by PHH (Cartus). The negotiatior asked me to change the closing date in the HUD to August 19th. She would have to send to MI company and investor for approval.
Read more…I have had an offer on this particular property since 5/22. Specialist assigned 6/1. No BPO done yet, neg has not made any notes in system since 6/23 and that was for a title search. I have been told the file would be escalated to management, team le
Read more…Is it worthwhile to start a group on this site devoted to finding out how to contact an investor? I typically get the investor info with every sale. Usually I only get an address, but it might be worthwhile for others if we start posting the inform
Read more…
We put a offer in on a short sale about 5 months ago. Last month we were told that it was approved and that the bank wanted to close by the end of the month. A week before we thought it was going to cl
I have a short sale with Charles Schwabe. We submitted 2 offers on 12/14/10. Seller had signed off on one. They told us about 1.5-2 weeks later that the foreclosure date was scheduled for 1/12/11. They were trying to approve the postponement. We h
Read more…Hi Everyone,
Newbee here.
client has account in loan modification department and a filed foreclosure with no imminent date to foreclose. Called Wells Fargo and they said they can go ahead with foreclosure when client removes herself from loan modific
Read more…
**********************************
like buttons
************************