I've got a foreign national seller with no social security number and no US tax returns. (Remember those days? 20%- 30% down and my goldfish could get a loan.)
Property used for 2nd home & rental property. What are the chances of a short sale ap
Read more…Hi Folks, this is my first posting. I've only done 2 short sales before (they are not as prominent in Texas) and they were both with single lien holders. I was referred to this gentleman who bought at the height of the market, an 80-20 loan total of
Read more…I've got a short sale in progress with GMAC and Specialized Loan Servicing. Specialized is playing hardball and want $7k in cash at closing plus a $5k promissory note or they will not even submit it to the investor (Total owed is $53k). I told them n
Read more…Is there a website similar to this one for assitance in loan mods? If not there should be....
Read more…Has anyone been successful in getting Chase/Freddie Mac to order an appraisal or BPO before a purchase offer is received? Thanks!
Read more…We submitted a complete file to Wells on June 14th including an offer. Wells did not respond for almost a week. The sale date is set for the 27th. They said that they would not postpone any sale unless there was an approval on the short sale. The
Read more…Just recieved an offer on one of my short sale listings. Property hit the market last Friday. GREAT condition, GREAT location, just an all around GREAT house! Did I say this was a fantastic house?
The comparables were really easy, there have been
Read more…Hey guys. I need a some contact info for upper management to escalate a file that's been denied. Got any?
Read more…Hello,
I have a short sale listing with lender BOA. This is my 1st one with Equator as I have been avoiding them. But the system is simple to use once I got into it. The buyers agent had informed me that they needed to drop 3 of the buyers from the
Read more…Hello everyone,
I represent the buyers on a short sale. Litton holds the first mortgage, and has approved our offer of $310,000. Litton is willing to give the 2nd (GMAC) 10% of the $56,432 owed. The investor for the second, E*Trade Financial, is
Read more…I have submitted short sale package to HSBC. There is only a first, no PMI and BPO has been done. Full price offer - list price was based on bank recomendation.
I submitted/they recieved package 3 weeks ago.
There has been no update to file. Nob
Read more…I have a BOA short sale that's nearly done, however my loss mit negotiator says the banks negotiator is being tottally unreasonable.They had the BPO done, and fortunatly for us, sent a copy of the BPO to my negotiator. We immediatlly rewrote the cont
Read more…Confirmed on Monday that PNC plans to acquire RBC potentially worth 3.6 billion. Any thoughts on how this will affect the processes of their short sale department?? RBC reported 11 quarter losses and a $59million loss in the first quarter of this yea
Read more…We have a Short Sale with Wells.... the owner is not delinquent... The SHort sale is approved with him bringing 7,000$ to close.
The MI company, Genworth is looking for some absurd number like 45,000$ contribution. Our client has no savings...
An
Read more…I just had GMAC tell me that their investor will not pay more than 3% if I have both sides of the sale. I've had commissions cut before but this is ridiculous! Any ideas?
Read more…Now that I have your attention and now that I am done rolling on the floor laughing, check out this article about treating debt collectors with respect :) I love the "salt of the earth" Comment
http://www.msnbc.msn.com/id/43380245
Read more…Has anyone else come across a situation where the Jr. Lienholder is asking the seller for more than the first is paying to settle with them? How have you handled this when the first won't pay them any more and the investor will not allow the parties
Read more…I see alot of agents who want others to just hand over their hard earned contacts online. Many will but there is a time that once the contact info hits the web, the lender changes their contact info or email addresss.
Some tips:
Email the person ins
Read more…I started a co-op short sale with b of idiots 2 weeks ago. The online webinar I took said 14 days for price. Of course that hasn't happened and my seller has a sale date of July 5. I spoke to AMS who is doing their coop and said even though both lien
Read more…I need help. I have been given a list price that is way too high for the neighborhood. I can't get the assigned negotiator to return my calls or emails to discuss. This is a BofA Haffa short sale with approval letter. I can!t get an offer to submit a
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