Hi
BofA sent my client their HAFA documents last night and several files are corrupt. I need the Hardship, financial worksheet and the 4506 Can anyone send me them or point me to a viable download.
Thanks
Rain
Read more…Hi, I currently work as an independent contractor negotiating short sales for the homeowner's real estate agent. I'm confused about the new FTC rules. As long as the necessary disclaimers are provided can't I keep working as an independent negotiator
Read more…Grr! Been negotiating since 1/29 on this short sale. Now, after the buyer's coming up nearly $30K in their offer, the MI company wants $12,500 cash or $25K promissory note. (All along we kept denying the standard request for a $10K note) Seller won't
Read more…Does anyone know of any issues with an IndyMac SS when the property is vacant (not rented)? The property has only a first with them. Thank you.
Read more…Im curious to know if anybody has had what happened to me. I had 6 active files at the end stage of getting approvals, and they were all deactivated out and declined on the same day. As crazy as that was, I was no longer able to talk with anybody bec
Read more…Sellers order water service so buyers can do inspection.
After escrow closed, buyers never transfer their service into their name and now 2 months later sellers still receive the water bills. Sellers ask for buyers to reimburse, but buyers wont pay.
Just curious, I have a listing where an offer was presented and signed yesterday by the seller and returned back to buyer/ & buyers agent. Today, I get a call from seller that BOA has approved a deed in lieu on the property and the property needs to
Read more…Does anybody know how is the process? I already have the house for sale; the seller called B of A and got transferred to the HAFA department. The seller already e-mailed the forms they requested and she hasn't heard anything back from them.
Also, s
Read more…I have a seller whose house is scheduled for foreclosure auction on April 19. We've had a ratified contract since the end of February. The appraisal, which was done last Friday, apparently hasn't made it to Bank of America. The loss negotiator says
Read more…Does anyone know how to get Bank of America to get rid of their 30 day seasoning rule.
They want us to purchase it and hold it for at least 30 days as stated in their approval. We cannot sell for 30 days.
My only worry is the end buyer walking, w
Read more…My buyer filed for bankruptcy and was discharged in October 2010. His condo fees were included and discharged. I know that he is still responsible for payments after discharge. However, I have an approval on his short sale, we're ready to close th
Read more…ASC just sent the seller a list of documents they wanted along with a few questions. Among the questions was:
"Why are Food, Transportation, and Utilities Expenses above the national average?"
Are you kidding me? Has anyone ever seen anything like t
Read more…They have lost our Letter of Authorization twice. We can't even present the current - almost full price offer because they are saying there is NO LoA on file. Does anyone know if they have a specific LoA that is being used and not lost?
Read more…For a long time I have been wondering if there isn't someone in upper management of some of these lien holders who realizes when their short sale or loss mitigation side of the house makes life miserable for REALTORS(r), that when we ask our new Buye
Read more…I am representing the sellers in a short sale transaction. The MI is requesting that the sellers sign a $36,000 promissiory note. The sellers have declined. The negotiator at Indymac bank states that because the sellers are not willing to sign the no
Read more…Hello Superstars, any California Agents have to deal with Sellers who had Cal HAFA loans with their mortgages? This is my first, not sure how to handle it, there is no information about the Cal HAFA part of the loan, only the 1st, the seller forgot
Read more…Finally Aurora Loan Service has approved us for the HAFA short sale. We are closing at the end of the month. I know they report the loan as paid for less than the balance. How bad is my credit score going be and for how long? I have a great FICO scor
Read more…Has anyone heard of this company and/or know much about them?
I have a client that is considering using them, however I know little about them and the offer they gave her is pretty good - which would be great for her - however I'm rather leary. Ca
Read more…I have not heard this but would be dangerous for all. There are too many agents taking on short sales that should not. Also, try to remember we facilitate short sales for the seller (not negotiate) as this will get us into trouble. If banks counte
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