Hi everyone, I'm new to the short sale world. I assume there will be several cases where we get an offer and by the time it is approved the buyer has walked. At that point how hard is it to replace that buyers name on the approval letter? I would hat
Read more…I am representing the buyer, The seller is short on the second only. We had short sale approval on the second, We needed an extension to close. The second then ordered a full appraisal. It was done 1 week ago, We do not have the extension. B o
Read more…Is a seller allowed to sell personal property to a buyer and make $
Read more…An offer was sent to Wells Fargo a couple of weeks ago. The sales contract clearly stated that the buyer was being financed with Conventional loan. After jumping through hoops, today they inform me that they will only pay buyer closing cost if the b
Read more…Have a first and second with Wells Fargo. Received an email stating they were dening the request for short sale borrowers didn't meet the hardship requirement of exceeding the 31% using PITI + HOA they do when I use the purchase money home equity 2nd
Read more…I am a real estate broker & investor, & this new requirement as of 10/1/14 has basically ended all short sale investor's businesses. Am I missing something or is there a way to overcome this ridiculous guideline? As a short sale investor, it is extr
Read more…Hello! The house is not in major disrepair but needs some work. What has been your experience with buyers who have FHA loans who want to purchase a short sale. The seller has a VHDA loan? The buyer is paying their own closing costs.
Read more…HI,
Need a short sale specialist for a home priced in the high $300k's..contact me ASAP at sellwithkell@gmail.com if you can take it. Thanks!
Kelly Magreevy
Read more…I have a short sale with Ocwen in first position and NCI in second. I have an approval from the first and only allows NCI $4700.000 with no contributions from any other party. NCI is stating they want $25,000 or they will foreclose. Does anyone ha
Read more…Good evening Superstars,
Please contact me for more info.
Thanks,
MR
Good Morning,
BofA is the secondary lien holder, with Green Tree being primary. Green Tree has offered BofA $6000 and BofA has given us verbal approval but each time they say they are sending the final approval it never comes through.
Green Tree h
Read more…Ocwen has closed my Short Sale and I NEED ESCALTION CONTACT INFO PLZ ...
DOES ANYONE have any VP or President's Office contact info??
We have been through 4 Buyers and over 6 months to FINALLY get an Approval Letter only to lose that Buyer due to i
Read more…Cash contract in hand, find out day of settlement the seller is $7,600 short and has no more money. The property has a failed septic system and will cost approx. $20-25,000 to fix. Had settlement attorney call the Bank of America rep to discuss set
Read more…Update: Hubzo We had to increase out offer to meet the reserve. We were the only,bidder. The auction ended Thursday night and we have not heard a word or email. My realtor talked to Hubzo before she put the bid in. We were told that we could included
Read more…Has anyone performed and closed a probate short sale with bank of america? We just initiated the Probate, seller just passed away. Any direction/ advise is greatly appreciated.
Read more…We are the sellers here selling our ex primary residence that is now empty (we take care of it).
After months going back and forth with BoA we finally got the SS approval with closing date. First deadline wasn't met by buyer so an extension was prov
Read more…Ok I have been under contract since July 9, 2014. It is now March 10, 2015. I have had to jump through numerous hoops for BOA the will call and say I must resign already signed docs by 5 o'clock that same day or the process will start over (might I m
Read more…1) WHO pays the up to $10,000 in relo fees? fannie mae? the bank? or? This makes a difference
when trying to negotiate a tight deal.
2) Is there a 'minimum net' rule in order to qualify?
2) Is it true Freddie Mac no longer participates in HAFA? That
IndyMac approved our Short sale pending a BK court approval. Ocwen took servicing 2 weeks before we received the court document. It's been 18 months with Ocwen, "servicing" the loan, 18 months and not even an interior valuation, stated in their own
Read more…
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