I have a homeowner living in the home. The first qualifies for HAFA with BB&T. The second is with Wells Fargo, and what is causing confusion, is that the second is a combination of a business loan, with a LLC name, and personal, and equity secured
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I need some heads up advice. Since my agent (buyer) doesn’t handle many short sale transactions, I’m trying to make sure I don’t get caught in the headlights. My question is, is it industry standard or customary for a buyer’s agent to request wri
Read more…I put both loan numbers on the third party authorization, and listed $3,000 for the second on the HUD. BPO done, currently in "Offer Analysis" status in Equator.
Will BofA issue both approval letters or do I need to specifically request an approva
Read more…Florida Association of Realtors Bulletin today says Attorney General Pam Bondi will not require MARS compliance with Florida real estate agents.
Here is a quote from the article:
"....Florida Realtors immediately contacted Florida Attorney General
Read more…I was to negotiate a short sale whereas Compass, the only lienholder, rudely shot down the offer (signed contract) to particpate in a short sale. They wanted $150K more than the current offer. The listing agent is exerienced and there is no way tha
Read more…I received a call this morning from Safe Home Lending looking for a short sale agent. They claim to have a customer in my area who needs to sell short. I asked if they expected a referral fee and the person calling said no. Has anyone heard of Safe H
Read more…I just got short sale approved through Wells w/ BoA as a second.
Was pretty happy with results and got written approval in 60 days.
You would think this would be good news and maybe even a little attaboy pat on the back.
Well the fat lady isn't sin
Read more…My clients are attemping a short sale and they have a HELOC with WESCOM, they have not made a payment in appx 4mos. No NOD filed. WESCOM is threatining to charge off if they don't get a payment made asap. My clients do not have the money to pay them
Read more…Been under contract about 75 days and got word B of A ordered BPO last week. What wait time have others typically experienced recently in SW FL area after this point with B of A?
Read more…Question about CA Hazard Disclosure Reports....
Does anyone know about Chase limiting the amount they will pay for NHD / TAX & EHD reports to $79.95 total ? Are they also forcing the agent to absorb the difference??
The question is regarding both
Read more…Had a client inform me today that they are at least 2 months behind in payments for a house they are not living in. She stated Cenlar has taken over her VA loan and are trying to help her out with a loan modification. Will they do this on a home they
Read more…Everything submitted, good offer and hardship package. BPO has been ordered but isn't back yet. Sale date is July 20. Postponement department won't push it back due to the delinquincy of 12+ months, and due to it being a new file so close to the s
Read more…I need some advice. I have buyers who want to move into a short sale before the closing date. The short sale property is with Bank of AMerica and set up a closing date of August 24th. The buyers want to move in sooner because the wife is 8 months
Read more…Hey gang. I'm trying to write an article for my blog. I am looking for local newspaper links where banks SUED a homeowner after foreclosure.
If you have a local newspaper in your state that has written any such article or have any stories relate
Read more…Hello all, I have an approval from Citi on a short sale. Citi is the servicer and FNMA is the investor. There is a second lien in the form of an equity line of credit with USAA. Citi/FNMA have agreed to give USAA $6,000 to release the lien. USAA want
Read more…I pray to God to illuminate their lives and guide them through this process. Sometimes in life, there are huge bumps that makes not to listen, not to understand, not to trust, not to follow guidance. But in this whole mess, there are people who do
Read more…I represent a cash buyer/investor interested in purchasing an IndyMac short sale. Listing agent says that IndyMac will give approval only if purchaser is owner-occupant. I've never encountered such a restriction on a short sale as a listing or buye
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Here is the legal notice we just received -
LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED
In a major victory for REALTORS®, Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale f
Read more…I need a good contact for Freddie Mac. Was informed this morning by BOA that Freddie Mac will no longer postpone f/c without an approval on the short sale. I have a f/c set for 7/26/11 and I need a really good contact with Freddie Mac that I can es
Read more…Can any share with me the documentation they are using for upfront fees for short sale transactions? Fee range?
I appreciate your help,
Kimberly Sherrod
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