Flagstar is by far one of the worse ever. Started a SS with them about a year ago. About 6 months out they transferred the file to mortgage outreach. Everything was moving along in which I thought was going pretty good. Then HAULT... we have to now g
Read more…This new ruling (16 CFR Part 322) came in under the regulatory framework of the FTC and very people or organizations seem to be aware of it. Please read the ruling. Footnote 126 directly refers to the NAR requesting an exemption for Realtors and th
Read more…I have just been assigned the negotiator after 30 day submission of file to Chase. They hold 1st and 2nd lien. 2nd is a Heloc of $150k. Will they give seller "Full release of liability" from Heloc vs foreclosure ? I am going to press for this or tel
Read more…Did Chase buy them out? Trying to contact the holder of my 2nd lien. Is it Aurora maybe? Help!
Read more…If you were listing a short sale where you already had a buyer for the property, and an offer price (pretty low) for the house, what would you list the property at? Market value? Close to the offer price? Sellers don't care what the house sells fo
Read more…Hi,
We completed our short sale last November (With B of A, believe it or not).....we did do 5 months on trial payments last year totalling about $5000. We received a 1098 saying we paid $25,000 in interest last year which of course we didn't. I have
Read more…Last week I lost a short sale because the buyer became so disenchanted with the hard line the HOA and their attorney's were taking, he refuses to live in the development! This attorney actually sent me an ESTOPPEL letter reducing the agent's commissi
Read more…Need an experienced Short Sale List Agent to refer a strong client to..I shorted their vacation home here in the desert, but now their primary residence is threatened..Thanks-
Read more…Hi I submitted an offer with PNC 3 weeks ago and am unable to get through to anyone at the # I have, hold time is endless. Does anyone have working numbers for them that they have had success with.
Thanks
Read more…Hello. Dealing with the purchase end of a short sale right now. Buyers offered full asking price to help get the sale through. Title search done revealed 2 liens (Chase as 1st, USB as jr). Selling agent is very difficult to get info from. Won't even
Read more…Has anyone received assignments for REO assets from Titanium Solutions?
Read more…In representing the buyer, a counter offer has just been received. Contained in the counter offer and the most important issue: "the seller reserves the right to cancel the contract if the priminary and/or secondary lenders requires the seller to
Read more…Thought I would share this with all the Superstars
http://www.equator.com/home/index.cfm/products/short-sale-module/
Rick
Read more…Does anyone work with short sales in the any of the 7 states that have the Anti Deficiency Statue in place and what is the "OPINION" of short sales under the Anti Deficiency Statue if the Approval Letter for the short sale from the Bank does NOT stat
Read more…My client whom I've shorted on another property in California is active Military and has investment property in Florida. He needs an agent in Florida to assist him so I'd like to find him someone knowledgeable and professional.
Here is his email t
Read more…I have a client who has an 80/20 loan. Both are with One West Bank. What does this mean in terms of the second? Will One West Bank treat them separately or will they treat it as a package?
If these both were taken out at the same time (ie purchase mo
Read more…I am about to list a short sale and not only did the seller's pipe burst, but her hvac went up. In a nutshell, she has about $10,000 in repairs.
She wants to know if she should get a loan for the repairs (b/c of course she doesn't have the money)
Read more…Has anyone been successful in Commercial Short Sales in San Diego? I have heard theories on how you would do one, but nobody who has actually succeeded. Please contact me at janiebooth@cox.net if you know of a successful commercial short sale agent i
Read more…I am the listing agent and Wells Fargo has approved our short sale and sent it to investor, Freddie Mac, for sign off. I was expecting final approval today and got this email from the negotiator at WF instead,
"Buyer is under a Corporation. Inves
Read more…This information was posted in the confidential remarks of a local listing:
New Fannie Mae Short Sale Assist program,with kazork.com.Expedite the process with our 15 day offer response time.
Has anyone heard of this or have any insight?
Thank you
Read more…
**********************************
like buttons
************************