Hello,
I need some help with this transaction and looking forward for suggestions.
I'm representing this seller in a short sale transaction. The 1st loan is with Aurora and we got the approval under HAFA. There is a small line of credit with BOA
Read more…I listed a property that received an offer that another agent made, for their own company, to purchase the property. I finally got the MI to appove the offer after a back and forth negotiation. Now the bank doesn't want to pay the buying agent commis
Read more…I am the buyer, and have been negotiating with the seller and her husband on a property next to my parents in SW Orlando for almost a year. The seller is current on the mortgage with BOA and I accepted the counter offer from the negotiator. After r
Read more…Need advice - I'm representing a buyer in a BofA short sale with an all cash offer at the price that was previously approved by BofA before that buyer walked. We have been waiting for approval for over 12 weeks. BofA has sent three separate but ide
Read more…and asks if that is ok with me! I say no, that is not ok with me..and before much more is said, he says, that they are an investment group, and their atty, does the negotiating. Bad connection, could not hear much else..except something about it wo
Read more…Heard there's a letter floating around this web site from a Seller to their MI Company threatening legal action for forcing them to bring funds to closing table. Seller's claiming discrimination. Anyone have this letter and are you willing to share
Read more…I joined Short Sale Superstars today to pose this question (after Pirating your wisdom for a few weeks). I have an upcoming listing Bank of America (I know--the only short sale that I wasn't successful with, and I do have their new instructions http
Read more…For those of us that use an electronic signature service, I thought it might be helpful to make a list of the banks/lenders that accept electronic signatures. Hopefully this could potentially be a reference thread to prevent future surprises from ne
Read more…Has anyone closed or worked a deal with Morequity a division of American General Finance? If so, do you have any contact info?
Read more…If a transaction involves two different lenders whom are both HAFA participants, must the 2nd cooperate? If the 2nd refuses to cooperate is there a good point of contact with HUD or the US Treasury Department who can assist?
Read more…I am expecting an offer on a short sale property this weekend. The property has a first with BOA and a second with Green Tree. Have been in contact with Green Tree people to let them know what is happening. Green Tree rep. told me today that since th
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I have a Chase traditional short sale, not Hafa. 2nd is a PNC Heloc.Seller had green card taken away so she returned to Taiwan 2 years ago. Freddie Mac is the investor. Chase is only allowing $3000 to PNC. PNC countered for $15,000. PNC's Heloc is
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Does anybody know how to get this information? I have called customer service numerous times and have had no luck finding out who the investor is.
Read more…I have closed many short sales and have to tell you BOA is still horrible!!! Have a Fannie Mae short sale that I have been negotiating for 18 long months. Have had a few offers that have fallen through either from BOA taking forever or financing due
Read more…Is anyone willing to share their techniques for prospecting Short Sale sellers?
I will go 1st:
I send out a few mail outs to individuals on the NOD list in my market. I purchased my letters from http://www.copybymarte.com/pro/ShortSaleLetters.html
Read more…First a little background before getting to my question: I have a home that has been listed since November (Illinois). We are now down to $149K on the property and still can't get an offer on it--floodplain and structure issues prevent people from mo
Read more…In my opinion, buyers will become "re-motivated" once we see the interest rates inching up, some buyers will find it harder to qualify. What do you think will be the outcome of the upward movement that is predicted historically low interest rates?
Read more…I'm having an issue with Litton Loan.
The Short Sale was approved, but buyers appraisal came in $9,000 short due to the condition of the pool. I supplied a pool inspection report to the negotiator to show the condition of the home. The negotiator i
Read more…I am beginning to think I am seeing a pattern or becoming paranoid. My last 4 short sale approvals that came in last week (different lenders) all were asking for more than market value of the properties. They all said basically "this is what we wan
Read more…Hi All,
I guess I spend about 90% of my time listing and selling oceanfront short sales, I would like to have a better understanding of your experiences. Mostly, I am seeing cash buyers coming to pick up oceanfront and oceanviews.
Most of our ne
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