I represent the buyer in a short sale. The first and second belong to BofA. The listing agent is using lawyers to process the short sales. She just called me and told me that the lawyers told her that they cannot accept the documentations for the sho
Read more…Got a call from someone saying that they can save me $2000 by auditing my mortgage.
Do they have to comply with the MARS disclosure rules to mortgage audits? Can they charge an upfront fee?
Read more…After over 70+ phone calls to get to the end I am still getting the run around after the short sale has been approved and all I need is my Formal Approval letter. I will be working on my Memoirs of Bank of America/AMS and what you should know before
Read more…On July the 12th, I received this message from Bank of America:
"As an example of our commitment to improving the short sale process, Bank of America
now allows real estate agents to submit a backup offer on a transaction if the original buyer
has
Read more…It seems like more and more we run into the business practice of "Please allow 48 hours for a response to your email" or "We return all phone calls within 2 business days"
Here is another that I just got today
Please note I will respond to all email
Read more…I don't see this Lender on this site..missing it? Are they the same as US Bank?
Read more…I've got a contract for a short sale on a property that is being serviced by Residential Credit. They have delayed acknowledgement and/or lost some paperwork, creating the need to refax some materials as much as 3 times. Although Residential Credit
Read more…New post on my blog: www.seattleshortsaleblog.com
I have read through the comments on Short sale superstars and compiled a post on my blog. I would love your opinion on this matter. Please feel free to comment on my blog. Thanks
*Email received from
Read more…The client has been going through a divorce and trying to do a loan mod. Now he is presented with a trustee sale date of Jan 18th. He can do a regular sale. Do you think BofA will delay the trustee sale if we present an offer?
Thanks.
Read more…Has anyone had any experience in using a Trustee Sale Legality Challenge to postpone a sale date when a lender or investor has been stubborn in granting a postponement?
Read more…The agreement notice was received for a short sale. Buyer and seller were ready to close when we discovered the property went to trustee sale before it was suppose to. Fannie is the invester. Citi is the servicer. Buyer and seller are still on boa
Read more…Every once in awhile I get a seller that is in an active loan modification. Of course, they have to cancel the loan mod in order to proceed forward with a short sale. Bank of America won't cancel the loan mod, so we can initiate the ss in Equator.
Read more…I have a foreclosure day on August 31, but I request a postpone day because I'm waiting for the desicion from Home afordable program. The foreclosure depart. say I have very low chance to get the approval for postpone the day and I'm very concern abo
Read more…I am trying to decide between SFR (endorsed by NAR) or CDPE which seems to be favored by BofA. Which one do you have and why?
Read more…How does investor (Fannie Mae) determine what is acceptable offer for short sale? We are trying to purchase home for $175K less then what sellers purchased it for 5 years ago. Other homes in the neighborhood have recently sold for between $20K-$50K
Read more…I am curious to know, if anyone has utilized this yet? Also,
Is your Board/MLS participating? To date, my MLS is NOT partcipating.
I did escalate a sale to Fannie and cc: the US Treasury Dept. I had to explain that I had no access to the Fannie Mae a
Read more…New email in Equator from our seller's agent with subject line that says "Generic Negotiator Email Inquiry" says this:
Thank you for your recent inquiry July 6, 2011 and for countering the offer. Please be advised that the file is currently in Valuat
Read more…BofA shortsale, approved at 666,000. Right before funding the buyer wants to renegotiate fo $600,000. She paid for an appraisal report and it came in at $608,000. What are the chances of this going through?
Read more…Here is situation:
Seller owes $65k on rental property. This is in the inner city where values have dropped astronomically(compared to rest of Indianapolis). Home is now worth about $10k-$15kish. I listed last fall. I know I am not going to mak
Read more…
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