I talk to alot of agents, ALOT of agents on a daily basis about short sales and the common question is "How do you get your short sales done so fast?"
Simple answer...
The first 30 days are the most important in the short sale process. You need to m
Read more…Curious to know what most people experience working on a short sale from the time that you recieve an accepted offer on a property. In time, I mean actual seconds, minutes, hours that you touch the file, not how many days it takes to get it approved
Read more…I got this question from a homeowner who had to find employment in North Carolina after South Carolina job disappeared. They have been renting home in SC for $400.00 less per month than mortgage, supplimenting the balance.
He is under the impressi
Read more…Hi,
I am a new member. I am helping a client with a short sale but haven't dealt with ING before. This is a purchase money loan: 1st loan amountis $480K and 2nd is with HSBC for $48K. Any idea on how to get started with ING? Thanks!
Read more…Would someone explain what happens when a seller ceases to make his mortgage payments and the property taxes and insurance are separate. Should the seller continue to pay the property taxes? What is the liability on the taxes when the property goes
Read more…DOES ANYONE KNOW ABOUT WHAT THE STATUE OF LIMITATION IS FOR A BANK TO RECORD A LEAN ON A PROMISSORY NOTE
Read more…Can you tell me about your experiences with short selling investment property? If you have information for California, it would be even better, but any will do. What are the tax rules, etc.?
Read more…I just listed this home. It has two outstanding mortgage on it. One with GMAC for $365,000 and the other one on EMC for $80,000.... I got an offer above asking price which is $306,000. I want to make sure that the 1st loan considers the 2nd loan, so
Read more…I get this questioned asked ALOT!! You submitted your short sale package and get a counter offer, the lender wants your seller to contribute to the loss and you do not know how or why. Afterall, your seller gave you their financials and they have
Read more…Help! Does anybody have a GOOD letter when requesting the identity of the investor from the lender? I do not have the 20 days (which is what RESPA says the lender legally has to respond to this request). My deal will die before that point. Any id
Read more…Help. . . I have a client who is behind on payments with Green Tree. Do the traditional rules for short sales apply or is the fact that this is a manufactured home make a difference! My client said someone came to his door today saying that he had
Read more…Hello All - Anyone dealt with Bureau of Recovery? They are working a Chase junior lien I have under contract. The senior is Chase....it's already starting to sound Strange! They say they are not handling the file, although Chase told me they were.
Read more…Just found out today via REGULAR mail in UNMARKED envelope. In fact I almost threw the envelope out! It had a return address from Wisconsin. Very upset. We really thought we qualified! My husband just spoke to someone with the number they told us to
Read more…After 6 months of being 'caught' in the system with a shortsale...i've waited 5 weeks for the final letter of approval from the pmi company and the patience is wearing out. I'd love to have the property but the place now sits there empty and god onl
Read more…I'm short saling a condo that is not part of an association and doesn't have fees. I've been told by most buyers that they cannot get financing because the other unit is not owner occupied, so a cash offer has to be put in.
My buyers put in a cas
Read more…I have just received and approval on a short sale with CCO Mortgage...
I am the seller. I have a second home in Calif which has been listed with an experienced short sale Realtor for over 85 days and no offers. The last sale for a like condo was $292K, mine is listed at $272K. It has one refi, NO cash out loan on it wit
Read more…Read this this morning and I think it's a worthwhile read for all us Short Sale Realtors..I get hit with MI at the very end sometimes..even when I investigate and try to find out if MI is even existant. I fight it as much as I can, but B of A being
Read more…I have a client who's doing a short sale. Their second is with Pulaski Bank. The negotiator assigned is in my opinion unreasonable. The borrowers are jobless and in the process of divorcing. The negotiator says he will not sign off on the short s
Read more…Has anyone successfully negotiated a short sale with First Horizon? I have three files pending (all with the same seller) and every time I call I get the same story. The paperwork is in imaging and can't be pulled up in the system to verify package c
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