My husband and I have been Realtors and investors for the past 8 years in Ocala and just move to Tampa last year. I have specialized in short sales for most of the last 8 years, and was just approached by an investor to do a short sale with differen
Read more…I have been under contract for 8.5 months with a bank of america short sale. I got an update yesterday saying that they were doing a final review then before it was sent to quality assurance. What does this mean and how long will it be before I get a
Read more…Hi Everyone I'm new to this site/group and short sales. I have a potential listing this Sunday where Chase holds the mortgage. I had the preliminary title report pulled to the property and discovered there is a second lien holder which is California
Read more…Hello Superstars, where can I go to for help? This is the message I submitted to the CEO of FAnnie Mae via social media, but I am not sure how soon he will see it. What would you do?
Hello Mr Mayopoulos,
I apologize for addressing this via social me
Read more…How do you know which form to use, RMA or 710? I try to be proactive and get the sellers to fill out the forms prior to getting an offer and it never fails, if I have them fill out RMA, lender will ask for 710 and vice versa.
Read more…I am currently in the middle of processing a short sale with Citi Mtg where Hudson City is the investor. I am told that Hudson takes a ridiculous amount of time to approve a short sale. Does anyone have any experience with them? Any direct contact
Read more…I am new to short sales and I am trying to find out as much as I can. I have a strong knowledge base at my brokerage and have received some documentation to read from them. However, I was wondering if anybody here would have suggested learning mate
Read more…So, my goal is to obtain a HAFA ss for this client. Some advice I received in here said I could not directly submit to HAFA for BofA.
I went to Equator to "initiate a short sale and below is the message I received.
How do I get this short sale submi
Read more…Help! I am working a short sale and I am stuck with a super ridiculously high appraisal and Approval to Participate price of 165K! The price of the property was periodically reduced starting from 193K to 178K to the more realistic price of 135K to 12
Read more…Does anyone have a copy of the notification that was submitted on this new ruling. I am working on a BK sale and the courts are looking for it. We have news articles etc...but not the original.
Any help would be appreciated!
Read more…I don't deal with short sales much, so looking here for some advice. I have a friend who owns a property as a primary residence, but they have another home that they are renting in another state but they bought at the height of the market. The rent
Read more…If you need upper level contacts at Diamond Credit Union, here you go:
Angela Wertz-Business Development Officer
p. 610-326-5490 x2076, awertz@diamondcu.com
John Faust-Pres./CEO
p. 610-326-5490, sorry I don't have an extension
Does anyone have a contact to escalate a file with Bayview. I have been working with them on a file since December. Negotiator was fired a month ago. Before he left he submitted the file for MI approval. It was a complete file. 2 weeks ago, I was ass
Read more…Hi, I am an agent but I'm also a real estate agent. I am purchasing a short sale and we got the approval from the 1st lender, but still waiting approval from the 2nd lender. We have been under contract since end of October. The 2nd lender keeps as
Read more…Is anyone else experiencing problems with property preservation companies? Five Brothers is the name that keeps popping up with us.
The latest is the tarp on the roof of the short sale approved property with cash Buyer. Five Brothers placed a tar
Read more…I have received approval by Wells Fargofor a VA short sale. The $1500 borrower incentive was not included. I checked with Wells Fargo and I was told that borrower doesn't qualify because their guidelines require the last payment to be within 60 days.
Read more…Navy Federal. What a nightmare. Working on short sale for over a year now, finally received approval from first lien holder (PNC, Freddie backed loan) and now Navy (home equity second lien) states it will not accept the standard $6k payoff as we were
Read more…Hello everyone... FHA & BOA is a really bad combination. I have been fighting with BOA for four years.. and it never gets any better... I have a new one (for me).
Sellers are divorced and property is court ordered to be sold. Neither seller can a
Read more…I have a home in my subdivision that apparently went into foreclosure and I would like to get the listing. Can anyone tell me if that is possible and if so how do I go about it
Read more…Hello all, I am doing my first short sale listing. I am representing the seller and I have just received a rejection letter from the bank because they will not net enough money. My questions is do I disclose this information to the buyer's agent? Do
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