Has anyone had any dealings with this Credit Union? I have a situation with B of A as 1st Wesom as the 2nd. Wescom rejects B of A's offer of 10%. Balance on the 2nd is $29K and they refuse to counter saying that we need to submit and go back and f
Read more…Curious to hear everyones thoughts on the blog post
How To Keep A Buyer A Party To A Short Sale Transaction Without A Signed P&S Contract
I have done my fair share of short sales and have always had a ratified contract in order to proceed with the
Read more…I'm about to close a short sale and I asked my CPA to calculate my tax liability. He thinks I'm going to owe quite a bit of $.
My question is if he is doing it correctly. I bought the property in Oct. 2006 for $390k. I added a pool in June 2007
Read more…I would appreciate advise.
Family's mortgage is current and not upside down but loss of job is forcing them to try to renegotiate loan with PNC to avoid loosing their home. They are up to date on all payments including home insurance and property t
Read more…Hi,
Single woman, at the time, bought a home in her name. Met her husband and then they together bought a new home. They now have a new baby and have stopped making payments on their old home and are living in their new home. Do I have a chance to sa
Read more…Oh PLEASE - all you superstars. Do any of you know the name of someone at Harris Bank? My friend has a HELOC, her first BofA mortgage is about $245,000, and the HELOC is $180,000. She is current on the first, but not on the HELOC. She seriously w
Read more…Update on my Freddie MAC response...first thing this morning I had an email from a negotiator stating she is presenting the offer and the file to the investor today!!! I hope I'm not on the "black list" for taking it to Freddie MAC like this but I ha
Read more…Was wondering if anyone knew if the purchaser of a property can actually negotiate the Short Sale with the bank? Its for a NJ Property?
Thanks!
Read more…Hi,
My friend is trying to pay her late mortgage with Chase. She doesn't want to short sell her home. I am trying to get a good number for her to call so she can send her check into the bank. She ran into some financial trouble with her sick mom that
Read more…Hi SuperStars!
I've been going round and round with both Equator and B of A for over a week since one of my files got labeled "Unavailable" for no apparent reason on April 7. We are in the review stage, past the appraisal. I've been told about 12 dif
Read more…What are you all seeing as the best way for a 3rd party negotiator to get paid?
Read more…Does anyone know how long it takes for bank of america to issue a 1099 after a sale closes? Also which 1099 falls under forgiveness act on federal income tax? Thanks
Read more…Anyone have any higher-up contacts at lovely Aurora? They have been stalling for months. My lawyer client is threatening to sue them. Big mess. Any help much appreciated. Thanks!
Read more…
Is it true they respond quickly? Getting ready to list a home and Wachovia is the Bank not sure if sent over to Wells at this point? One loan only with Wachovia.
What would be the first thing to do with this one?
Thanks from Pismo Beach, CA.
Read more…I have approvals from both lenders. We are set to schedule on Friday, May 13, pending approval of the short sale HUDs for (ASC) & (AHMSI). The property went into tax sale on yesterday, despite our efforts to close prior to the tax sale. And I've at
Read more…We are trying to purchase a short sale home in sourthwest Florida. I would like to get some insite from others on how long it took and what the experience was like with BOA in this area recently? We have heard good and bad about BOA from people all
Read more…What does it mean when an appraisal has been done for our offer on the Short sale we want to buy? What is the difference between the appraisal and a BPO in the sale? What if our offer is not accepted due to the appraisal? Is this the time the bank
Read more…I owe: $265,000
Current tax assessment: $251,000
Recent sales (only 3 in the past 6 months): 11/9/2010 @ 245,950 - 11/16/2010 @ 215,000 - 2/17/2011 @ 198,000
Servicer: Navy Federal Credit Union
Investor: Fannie Mae
My short sale specialist wants to
Read more…When BPO is done, is the "fair market value" based on similar homes with the sq. footage, lot size, bedrooms/baths, amenities, etc? Does the location of the house (ie in a golf country club) make the FMV go up or will comp for the short sale be base
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