short sale is stuck and contact at H&R Block Bank (M.B.) will not budge on what she will allow to 2nd lender and also will not allow contribution to 2nd from buyer. Does anyone have contacts or experiences with H&R that can help me, they are small a
Read more…I was wondering if anyone had the number to Freddie Mac Loss Mitigation department or their Borrower Outreach department. I am working on a Shortsale with Chase and I want to see if I can go above them and find out the status of my file. Something ne
Read more…Is this course worth $500? They claim to cut short sale time in half!
I have closed 25-30 short sales....but of those of you who have attended the clase - is it worth it? or is it just good advertising?
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Background: To make a long story short, Seller applied for and received HAFA approval for a short sale at a predetermined price - but did not share that information until AFTER we put her house on the market as a short sale (had not planned to go thr
Read more…Does anyone know of a "master list" type website that one can enter an association name and it will provide who their management company is and contact info for ordering estoppels? I am in Florida, and I know about Sunbiz, however, I'm thinking there
Read more…A few weeks ago there was a news report that Fannie and Freddie's regulators had told them to get procedures in place so that by third quarter they were in position to either go for foreclosure or decide to allow a short sale on any given property.
Read more…Hello:
Wells Fargo has agreed to pay $4500.00 to the 2nd lien holder. The second has indicated that they will pay that PLUS they want 10k cash or sign a 20K note. Terms of the note would be five years at zero interest...my clients have NO money t
Read more…I have been doing short sale for sometime now, but this is a first where the bank is getting more money back then the net proceeds. I know that anything over the net must also go to the first. I have a short sale where the 1st trust payoff is $125,0
Read more…I went to a Short Sales & Tax Implications seminar presented by a real estate attorney and was advised that in the state of FL waiving the deficiency judgment does not preclude a bank from attempting to
recover balance owed. Unless the approval specif
I had a client Saturday that I was showing some homes too and while screening the homes and calling for appointments I was shocked to see three Realtors who had shut down all showing instructions and had voice mails stating there would be no showings
Read more…Does anybody know if B of A will pay a commission to a buyer/r.e. agent when the short sale property is for her own personal use?
Read more…Is there a particular formula that lenders use to determine how much they want the seller to contribute when approving a short sale.
I have done many short sales and this is the first one that has asked for seller contribution. I was just curious if
Read more…I just got an approval letter from Chase that states..."We have agreed to your request for a short sale and will accept a minimum of .... to settle your account and release the lien(s) on the property above." There is no other language in the letter
Read more…I represent the buyer on this short sale and the agent lost the home to the trust deed sale. She is telling me to wait a couple of weeks because she wrote a "Letter of Rescission" as a last effort to save the home from foreclosure and have our offer
Read more…None of the responses regarding UTLS are good. I'm concern about my short sale with them. Maybe I should change it over to co op short sale. It's disappointing since it's already approved.
Read more…I was speaking to another agent in my office and we are going to write to anyone who will listen about bank of america and their antics? My closing attorney just said the same thing. I am tired of complaining about them on here it's getting us nowhe
Read more…I am wondering if anyone can clarify the situation I have as the Realtor with an FHA shortsale with Chase, with a second mortgage (Educator's Credit Union), especially regarding deficiencies.
Chase holds a first mortgage, FHA, while ECU holds a sec
Read more…Help. I have a BOA account that is Fannie Mae. Bank of America screwed around with our HAFA request on two offers and now Fannie Mae will not allow a postponement for the short sale. The seller has been 100% proactive and cooperative, the fault fo
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