Good morning all!
This is my first time on the site but I have reviewed posts on here before. I am the office manager for a small real estate office in Indian Rocks Beach Florida and I need some assistance.
We just submitted a short sale package
Read more…Check out the rules of engagement. See what Fannie Mae is offering as opposed to what we are giving up.
I attended classes in Snohomish County Washington and Couer D' alene Idaho where we we told by the appraiser institutions/associations this would
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Anyone know SPECIFICALLY what a:
"Signed Name Affidavit"
is? We are doing a GMAC second lien short sale on Equator and being asked for this item.
Negotiator (and her supervisor) are missing in action, the higher ups seem to have no clue w
Read more…We have recently experienced situations in which the Listing Broker states the following in the MLS, "Reduction of commission by lender to be split 50/50 between the selling and listing brokers". In these cases the Listing Broker is typically enter
Read more…The bank approved amounts of "up to".... for various line items on the HUD. When the amounts were subtracted from the accepted sales price, the payoff was about $6,000 short. I have not seen an approval letter with the wording "up to". Have you?
Read more…Ok, here's the situation. Buyer offered $75,000. PHH mortgage countered at $80,000 after two BPO's were done (one at 80K and the other at 82,5K) and Buyer accepted. The file was sent to Fannie for review and they are now countering at 90K! What o
Read more…We are getting ready to close on the sale of on my personal Chase short sale in California. One loan, which was a refinance, with no cash out, second home. The approval did not mention anything about a deficiency judgement, one way or the other. I am
Read more…Owner would like to do a short sale. Is there anyway to stop an auction from happening? Owner had been going through loan modification and was just turned down. Owner did not know that house had gone through foreclosure and is about to go to auction.
Read more…Lot of my files are getting declined with the message, "After an internal quality review, the bank has made a decision not to move forward with the short sale". Does anyone have the same experience with BofA? The files were declined without the conse
Read more…Hello,
Did anyone do a SS during the Redeeption period? I have 2 SS customers who have received the sheriff notice. However, they have 6 months redeemption period in MN. We are doing the SS now..Anyone can share your experience or ideas? Thank you!
Read more…I am always amazed at some of the MLS verbage that I see..... here is the latest.
Any acceptable Contract must contain the term that Seller may cancel this Contract at any such time that he is asked to sign a Promissory Note, is presented with a 109
Read more…Have been under contract 75 days and are awaiting the file to be marked as complete so that it will move on. Bank has had all docs for awhile but just asked for updated stmt from the sellers that they sent quickly. Would like to get others experien
Read more…First of all, it's been just over 4 months since we've gone under contract with the seller. I suspected the seller's co-agent was playing a negotiating game from the start when she indicated to me that they were in the process of lowering the price
Read more…Has anyone worked a short sale with Coldwell Banker Mortgage and what documents do they need?
Thank you.
Read more…I keep hearing this, but still not getting any responses in my B of A new listings??? What's up??
Read more…Closed one today.
Suntrust FHA, one mortgage
Mortgage amount $245,000
Contract price $160,000
NET to lender $145321.50
Seller got $1000 at closing
Contract date 3/19/11
Close date 7/15/11
Total days contract to close 118
Total days to get approval 80
Read more…Hello
I am from California and I understand there is a NEW DISCLOSURE required.
I dont know which Disclosure it is. Can someone help me please?
All,
Since I gained so much info from you all, I wanted to contribute my experience.
I just completed a short sale with WF (1st) and Chase (2nd). I was current on my payments until closing - no lates.
Today, WF posted to my credit report as "Le
Read more…I've been hollering about this for the last several weeks; the total failure of NAR to defend, notify and assist it's membership with the FTC MARS RULE. As such, I am posting NAR's letter to the FTC requesting exemption for Realtors from the Rule an
Read more…FTC just announced MARS no longer applies to real estate agents....more forms for the trash :)
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