I was able to acheive an extension through Freddie Mac directly after the investor denied it. Since then my file has been with a "processor" who has not worked the file up until now and the investor has denied anymore extensions. This processor has h
Read more…I have done short sales, but I would think that there are companies out there who for a fee, can negotiate with the banks better than I can.
Read more…Has anyone had an experience with the new company that Citi has hired named National Quick Sales? What a joke!!! Cutting commissions and telling me that my client does not qualify for HAFA when she definitely meets the eligibility requirements!!!!
Read more…I hope that someone can answer my question for me. I was recently laid off from a title company that I processed short sales for. The way this company worked was that we would add $500-$600 to the settlement fee, seller/lender side, on all short sale
Read more…what are your thoughts on Seller's asking to not include the furniture ( I realize this is more common in Beach towns where condo's are often sold furnished) so they can sell "outside of contract"?
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The HUD-1 had to be revised to match the updates. Once again we cannot ge a response from the new negotiator approving the new HUD-1. Is there something we are not getting to get a new approval letter? Or is it as simple as approving the previous H
Read more…I have a closing on 5/27/11. The original HUD did not include a buyer agent's credit to their client in the amount of $5000.
Does anyone believe that this could be an issue upon final HUD review by Bank of America or the investor which is Freddie
Read more…Is anyone using Top Producer to manage their short sale and other real related business? I want to make the leap but I have been hearing some mix reviews from different individuals. Any information would be greatly appreciated.
Read more…I have a short sale that is supposed to close this week. The contract was written with Mom & Dad and daughter as buyers. Apparently now the daughter does not need Mom & Dad to co-sign - she is doing the loan on her own. I JUST learned this on Friday
Read more…Hi,
My mortgage broker is trying to get my 80/20 loan refinanced with a short payoff. He is using HAFA so I am assuming he's trying to make it look like a short sale.
I have 80/20 loan. 1st = 380,000 2nd=96,500. Condo purchased for 483k, now valued
Read more…Thye have told me my borrower has to try HAMP first and then HAFA, but clients does not want to try HAMP, he wants to go straight with HAFA.
Any answers would be appreciated.
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We are trying to purchase a SW florida short sale home that is through BOA and owned by Fannie Mae. They listed the home low but we offered fair market value and the sellers accepted. We are wondering what we can maybe expect based on others experi
Read more…Hello All,
We received approval on the 1st (Chase) and we've been going back and forth with the 2nd (PNC). Negotiator said we would have approval if Seller contributed 10%, both buyer and seller contributed to meet the 10%. It was submitted for inv
Read more…I'm curious if anyone has heard of such a thing. I was talking with some insiders and they mentioned that there is a list called the "Cruel Inspection List" it's an industry wide list that has the names of companies, Realtors and Brokers doing shady
Read more…Has anyone had any experience with this? Not sure how accurate it is...been having quite the opposite experience with Chase.
http://www.sacramentotoday.net/news/templates/community.asp?articleid=1679&zoneid=1
Ben Balsbaugh
PMZ Real Estate
209-604-1
Read more…The PMI co. is Genworth. The rep in the SS department I spoke with says the MI co is not requiring a cash contribution or any promissory note. I can't shake the feeling this is TOO GOOD TO BE TRUE. The approval letter says they are releasing the l
Read more…Has anyone been told by US Bank that their policy is to deny short sales for investor owned property in Florida? If yes, what did you do, who did you contact and were you able to obtain approval after the denial?
Read more…Does Indymac pay out commission to an agent representing himself as the buyer on a Indymac short sale?
I'm purchasing a home, which is an Indymac short sale, and I'm also the agent. Will I get paid the 3% offered by the listing agent?
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how does a home buyer go about finding the status on a short sale held by BOA? we just want a yes or no for our cash bid
Read more…Hello All,
I could use your sage advice. I have 2 files with B of A they are both going through HAFA. Both files have been with HAFA since January, the file is complete, the appraisal is in...and we still don't have approval.
Is there anyway to
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