Just listed a Chase bank short pay with 1st and heloc 2nd--he did take $$ out on 2nd for personal use.... The 3rd party auth. fax #'s listed in this site are different than Chase provide me? go figure. Anu help on this one?
Bryan.
Read more…Does anyone have any experience with this program? Our client received a letter from BOA offering him the opportunity to participate in this program. Just want some feedback..
Read more…Have a short sale listing in Los Angeles with a IndyMac Mortgage Services Loan. I actually had an approval for $300K and the buyer had to back out before closing. A new negotiator was assigned and he sent out for a new BPO. It just came back and the
Read more…After going it alone for way too long, I have decided to build a short sale team. And what better place to ask for suggestions than right here! If any of you have insight as to the best practices of a successful ss team, please share with me. This is
Read more…Hi,
I'm a buyers agent on a short sale with BoA. I know the buyer's offer was probably low but it has taken 7 weeks for the listing agent to get back with us with an answer from BoA. She said the offer was denied with the only reason as "other" from
One of my listings is now vacant and under contract contingent on the Short Sale process with two lenders.
The seller received cancellation of Insurance on the property as the Insurer had determined the property is vacant and the policy is for owner o
My client has two mortgages with a local credit union. We submitted a short sale package that only shorts the second mortgage. The second will be shorted about $65,000 out of the total $85,000 balance. We showed a pretty significant hardship ... e
Read more…Looking for anyone who has had experience or knowledge of TCF Bank pursuing the deficiency after the short sale closed on a second. TCF has given my client two options, close with the pursuit in place, signing their document or paying off the loan.
Read more…I'm working a short sale through Wells Fargo, and the bank has approved the amount after sending in all docs. Problem is, my client's PMI company will not accept the offer and sign off, so the short sale has been rejected. She has a hardship which
Read more…Just received an approval and closing date for a 2nd home short sale w/ a release of deficiency from BofA. Seller now realizes that with the IRS tax implications, they might be on the hook for a 40-50,000 tax laibility. Since home is not covered unde
Read more…How do you get the 2nd lein holder to cooperate? They want more money than the 1st is willing to give.
Has anyone had any experience with GTE Credit Union?
Read more…I just recieved an email from the condo HOA telling me that they will file in small claims court against me for the past HOA dues. I am in the state of California. The condo still has no offers, and I am three months behind in both mortgage and HOA d
Read more…SPS is fast. I'll give that to them, but overall so far I'm in shock. DRIVE BY BPO in September came in on my property at $330,000. I got an offer at $130,000 due to the subject property next door being 5 units (mine is 4) and on the market for ov
Read more…We are trying to buy a short sale since middle of October. Two loans, both WF. They came back to us a week ago, countered 24k higher than our offer. They did a BPO and the only home in neighborhood sold back in July for 190,000. So the banks said 184
Read more…I own a mitigation company and are always looking for top notch short sale negotiators.
Any suggestions? Please send me an email mike@propertymitigation.com
Please help me understand this decline - as its a new one and makes no sense.
I started a short sale several weeks back with First Franklin. Halfway through the short sale the loan gets sold to Bank of America. We start over in Equator, all is well,
Read more…What is the quickest and or easiest process to find out the investor's name?
Read more…I attended a WCR meeting on Monday and the 3 "top guys" from BofA, Chase and Wachovia/Wells were there to discuss short sales and what's coming.
They said, starting in 2011, there will be NO postponements of Trustee Sales and NO extensions of closi
Read more…Anyone have a handle on a percentage or rate of sellers actually accepting to pay the promissory note? Do the banks ever negotiate those numbers?
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