I received a HAFA Program Approval for my client today. We already submitted an offer for more than the amount requested in the HAFA approval. Will the fact that the offer is higher than HAFA's requested amount have any impact on the approval?
Read more…Need some urgent quick help! I have 2 short sales and one is my own property. In both cases these are Freddie Mac Short Sales scheduled for auction Friday May 6th. For my property I have been doing everything properly and to the letter. While cal
Read more…Husband and wife on the mortgage note. Husband only on the deed. They divorced, she quitclaimed the house to him. House is short. SSA makes the sale contingent on bank approval.
BofA is stating that the Wife (who is not on the deed) must be shown
Read more…Good afternoon,
I have two agents that are interested in guiding me through the short sale process.
The 1st has CDPE designation and claims to have closed an average of 30 short sales per year for the past two years. This agent was referred to me
Read more…Does anyone have good internal numbers to freddie Mac to speak with someone to postpone a sale?
The "public" number is not the one I need, but to someone higher up.
Thanks
Read more…I have a loan owned by Fannie Mae and serviced by NFCU. I am current, but have read that Fannie Mae will not consider a short sale until I am at least 30 days late. My research supports this, but I haven't found any info on this issue more recent tha
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Does anyone have recent contact information for anyone at Freddie Mac that can do a postponement.
We do not get any further than the screener.
The issue is, our FCL date is before the Sale Date, and cannot close fast enought or before the foreclo
Read more…This will be misleading. No bank will give $30k to put your home on the market,, if they did
everyone would be calling us, right?
good luck on that one!
something is under their sleeves,
Read more…The family has scattered financial records of their deceased parents records. Typically what will the short sale lender require in an estate short sale?
Read more…I don't know if I am just on a streak or is everyone noticing the second mortgage companies being tougher? I am having a few 2nd mortgage companies asking the seller to bring money to the closing table and sign an interest free note. Just wondering
Read more…I just had to share my experience today with everyone as it was the most unusual to date in my time working short sales. I got a call today from Marcus From Litton Loans. He confirmed my name and the property address and all the formalities that they
Read more…An agent told me that he has an Attorney that is directly connected with BOA. He supposedly gets him short sale approve in less then 15 days. Has anyone heard of attorneys working directly with the banks and getting quicker results? Not sure if I bel
Read more…Have a short sale that was to go to foreclosure on 4/7. Escalated the situation with Freddie and B of A as we had a cash offer. B of A was awesome and rushed through the process but the day before the sale B of A came back and said the MI company wa
Read more…I put in an offer on a short sale on February 28, 2011. The offer was approved by the seller as well as by Chase bank. On April 8, 2011 the file was sent to the PMI company for final decision.
As of today, the PMI company has asked for a copy of my
Read more…Are they just another 3rd party negotiating company?
Read more…I've had good luck lately submitting a QWR with every short sale and getting the investor information within a few weeks.
Has anyone gotten the information that a POOL of loans is managed on behalf of the investors? I got one today that the pool
Read more…I have a file open with WF. Convential loan, they won't tell me who the investor is. To approval the file I have to reduce my commission and reduce the buyers closing assistance to 2%. This totals $4310 total. They won't go to the investor for an
Read more…I'm looking for an experienced short sale specialist in the Newburg/Dundee area of Oregon. This will be a great ss listing with people who really need your help. I am an agent in Portland, Oregon. Please contact me if you consider yourself a short
Read more…Please e-mail your resume to ValleyShortSales@gmail.com. Let me know how many short sales you have completed, specifically with Wells Fargo.
Read more…I have an approval with Green Tree on a second mortgage that requires the buyer to bring money to close that will be disclosed on the hud. The first is with Bank of America and the investor is Fannie Mae. I know some investors allow this and some don
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