Hello,
I am having a meeting with an attorney tomorrow afternoon in arizona about our short sale and possible foreclosure and was starting a list of questions for him to discuss. Was asking anyone out there if they have any good questions that maybe
Read more…I had a question if anyone out there in the short sale world feels inclined to help. I am a home owner in the process of negotiating a short sale with Chase (1st) and Suntrust (2nd). Chase and Suntrust both sent me "approval letters" that had provi
Read more…Has anyone had experience with Digital Credit Union? I have a client that tried unsuccessfully to modify his loan with them, and is now looking at a Short Sale. Can't find any history on them. This is a credit union who represented employees of the
Read more…Does anyone have experience with this group? This happens to be a Chase HELOC that I have been working on for 14 months, BOAC has the first. The file started in Chase Short Sale and at 6 months went to Chase collections, after about another 6 month
Read more…We have requested cooperation from First Mutual Bank under HAFA guidelines concerning their UC3 filing which is in 3rd position. They have responded that First Mutual holds a perfected security interest in its collateral (windows). Should the home
Read more…I have a B of A Short sale and negotiator going thoeugh equator will not budge over seller contibuiton. I live in Az a non recoarse state and seller is declairing bankrupcy and was advised by his lawyer do no take it. I got buyer to come up in pric
Read more…The FTC MARS Ruling (16 CFR Part 322) as issued December 1, 2010 has far reaching implications. As I did not see a prior discussion over this ruling (if I missed it, I apologize), I thought I should post it. This is from an exert from another Law Fi
Read more…I thought this was interesting. Can't imagine how many laws might be broken with incentives like BMW's and Coach Purses. Marketing ideas aren't bad however.
Anyone heard of these guys or similar types of groups that want to 'take over' your Short S
Read more…I know someone that is facing foreclosure and they are with Midland Bank. Their spouse lost their job back in 2008 which is when they began having issues keeping up with the mortgage payments. They have been trying to work out a loan modification s
Read more…Has anyone ever heard of a bank accepting situational hardship in lieu of financial? I have sellers who are getting divorced and while their income is sufficient to cover the mortgage their living situation has changed and the family home must be sol
Read more…One of the nation's largest banks is sending $2 million in checks to military families after it overcharged them for their mortgages.
JPMorgan Chase admitted overcharging about 4,000 military families, including many military members who were on Read more…
Help! The property management company uses a very poor system to evaluate owner occupancy to put on condo certifications. They go by the address the HOA bill goes to. I know this is common practice, but it is killing a short sale that is so close
Read more…Anyone dealing with them, I have them on 2nd lender ,and they are trying to cut the commission to 4% from 1st lender approved 6% ,and buyers closing , It doesn't affect there net at all ,but they won't approve unless we cut
Read more…Hello Short Sale Super Stars!
I am a buyer of a short sale, and boy does it take patience! Here is a quick run down: Made an offer early October 2010. The loan was sold from Suntrust to Nationstar after our offer was in, and then Nationstar transfered
Does anyone have any episodes they can share regarding Freddie Mac actually forgiving a deficiency? I have a ss with just one mortgage that Wells services and HAFA has been declined to my client.
Read more…Hello everybody ,I was about to get a short sale approval with Bank of America .The problem is the first is only offering $3,000.00 for the second.But the second wants $6,000.00. by the way both loans are with Bank of America So I told both of them
Read more…Working on a short sale that is 5 months in default. Has accepted contract and in the process of negotiating. Homeowner received notice from Homeowner's Insurance Company his insurnace on the home has been cancelled.
Are there short term policie
Read more…So we got a bad BPO.. Contract was for $40k. That is a high value for the property. BPO came in at $70k or at least thats what the lender says.. That arent budging on the price.. When I check the MLS, there are NO comps to support that value or even
Read more…BOA now admittedly made a mistake in a counter offer to my client. Their previous counter was for our offer price which is $30k away from their original counter. This information is permanent record now in Equator. They have since said that it was an
Read more…I have asked several people but cant get a definitive answer. Maybe someone here can help?
If your client goes delinquent on their mortgage and insurance, is the lender covered if something were to happen to the property, I guess I mean does the le
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