I have short sale approval from Aurora (1st) which clearly states what SLS (2nd - servicer) can receive. SLS is requiring a payment in order to issue a short sale approval letter matching the amount that Aurora has allowed. SLS isn't willing to bud
Read more…Hi All, I'm looking for information on LBPS, what was your experience working with them? I know of an agent that was in the middle of working a short sale,and the bank sold the property at the courthouse steps as they were negotiating a Short Sale.
Read more…We got an auction stopped 45 days ago. We have a condo that was part of a new development. All the recent sales in the development are between $425,000-$450,000 and only ONE was sold in the last 6 months. The development was built in 2007 with ini
Read more…My client just received notice that she was denied for the HAFA program on April 27. No one at CitiMortgage could tell us why, they told us it would be in her letter. She JUST received the letter yesterday, May 9, 2010 and it stated it is because s
Read more…I have been working a short sale for several months and have been told that although we have an offer at an accepted price, the investor will not postpone the trustee sale because the account has been past due for too many months. Is there any avenu
Read more…The boy version of my situation: Had approval, buyer walked. Have new buyer at same terms but Wells is dragging their feet. Just got Freddie Mac to postpone trustee sale for last time until May 18, but need at least 2 weeks for buyer to get loan toge
Read more…I have a short sale that is going to Trustee Sale due to the lender (Chase) wanting more than the property is worth. It is a townhome and they do not care what the BPO states they want $25,000 more than the offer, only one offer came in. The buyer
Read more…Anyone work with Bank United? Just got a call from neighbor/friend that has a trustee sale scheduled July 14th and has decided to do a short sale. I am confident I can get an offer on her property as we have lots of buyers not enough sellers in our a
Read more…All:
B of A approved short sale buyer agent hinting buyer may walk...I strongly believe they will (coe is 04/12)
I have an agent with a signed offer whose buyer is sincerely committed to the property. I would like to put the new buyer in first positi
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Short Sale Affidavit
As relates to a certain real estate purchase contract dated _____/_____/_____ concerning the
following Mortgaged Premises;
Property address: ______________________________
______________________________
under which the existing
Read more…While discussing and obtaining the Short Sale documentation from my sellers I found out their father is loaning them $170,000 (promissory note) for a start up business. Clients accountant advised them to deposit the funds in their personal account an
Read more…I understand this is a Short Sale forum (and a very informative one at that), but my need right now is to see if anyone out there has experience with working through a loan modification - i.e. modifications get approved for trial, go thru trial perio
Read more…OMG>.I am so sick of this...everytime in the past month that I initiate a ss in Equator it gets declined because Non Arms Length -the short sale transaction is no longer being reviewed because the buyer and seller are related....the relationship is b
Read more…For the first time in 7 years I have Wells Fargo coming after one of my Sellers for the full amount. This is in GA and around 100k.
Anyone have any thoughts and has experienced this.
Read more…I put an offer in on a short sale. Their lender is Chase bank. The offer was submitted to the bank Friday. On Monday the bank ordered an appriasal? Is this faster than normal? What stage is this of the process?
Read more…Quoted from Florida Realtors News:
"WASHINGTON – July 15, 2011 – In a move the National Association of Realtors® calls “a substantial victory for Realtors,” the Federal Trade Commission (FTC) announced that it will not enforce most of the provisions
Read more…We just got approval from both banks and the buyer backed out--after 3 months of waiting! I have put it back on the market at the approved price. Is it better to wait to tell the banks when I have a new offer or just tell them now? The seller is not
Read more…when a homeowner gets foreclosed before they are able to sale their home? Will the lender send them a check for the difference after they sale the property? I know an individual with 100k in equity but they can't make their 200k mortgage payment.
Read more…Just took a WF serviced FHA SS. Who do I contact first? WF or HUD?
Thank you for any input!
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