BofA is now telling me that because my client has another home as their primary residence (which they want to keep), they cannot do a short sale on another property (formerly their primary residence 5+ years ago). It must be either a traditional res
Read more…My packet was submitted and passed off: email sent to me said negotiator now has your packet and will contact you within 5 business days regarding counteroffer or acceptance. BPO has been done but no word from the negotiator. Tried calling the numb
Read more…Please help. Need Citifinancial corporate contacts. Short sale in process, WF as first, Citifinancial as 2nd. I am dual agent, clean offer.
Can only deal with local office of Citi. Local office states Citifinancial is different from CitiMortgage. Cal
My offer was accepted by BOA and the file was sent to MI on 08/13/10. Each time my Realtor calls she gets a different agent and is told it is in the final approval state with the investor. If it has been approved by the bank then what role does the i
Read more…We just received a "full release" for a client from B of A. They first asked for $5,000 cash or a $10,000 note and did not mention release of liability on the note. I questioned the negotiator and he came back with the "release" verbiage. We then rec
Read more…I am a prospective buyer of a short sale. All information was uploaded into Equator in early July, 2010, an appraisal was done in mid August, 2010, and my husband and I are still waiting to hear back on our offer. Thanks to this site, I was able to
Read more…Stated a shortsale process in June (I'm the buyer)..pretty simple transaction...one lienholder, cash deal. I was just informed it was sent to the MI company for approval. Wondering how long I can expect this to take..obviously, there's no set timefra
Read more…Someone please help me make sense of this. There is a foreclosure date set for Sept 7 for this property. I just finished uploading all the docs for our great offer yesterday into Equator and now it is being reviewed. However, when I called this morni
Read more…I have a client seriously looking at a short sale listing in which "Metro Mortgage Services, LLC" is the professional negotiator hired by the Seller. I have never heard of them and couldn't find much info. online. Anyone have experience with this c
Read more…Wilshire will not give a full release of a second mortgage on one of my short sales. They will only give a lien only release. They are getting $5000.00 from the first AHMSI. Now the seller of the property just wants to cancel the short sale and file
Read more…I have a VERY qualified, pre-approved with underwriting approval, Buyer, who wants to buy a home VA with 0 down in Orange County, CA. Max loan amount is $593,000-ish, including the VA funding fee and closing costs. Which means actual sales price is
Read more…We recieved approval from Bof A on a short sale at the end of May. B of A is 1st mortgage. This approval expires 7/3/10. We are still working on getting approval from 2nd-Green Tree. They have asked for more income docs from the seller to give an ans
Read more…We have a Citi file and received an "Approval To Participate" (ATP) from HUD. We lost the buyer and the ATP expired. We are now told that we can no longer work a short sale since this is a one time shot. The foreclosure sale has now been rescheduled.
Read more…I am assisting with a settlement on a 2nd loan with PNC. This is not a short sale but the borrower has access to cash and can offer a settlement. The loan is currently being handled by the ‘debt management deportment’. They are willing to work with u
Read more…How many properties does Fannie Mae own in your area. I just did a search for my area and since 1/1/09, Fannie has sold 129 properties in our SMALL county. They have 98 properties for sale in MLS right now. I would be very curious how many of thes
Read more…Hi, All,
What have you done to get short sale listings?
My office has an agent use www.agentpro247.com gold program $30/mo each mo you get 500 sellers whos' loan will be reset and contact them with a post card, call and door knock them about last 1
Read more…Finally after 9 months of horrible waiting time as a buyer, i got the approval from both 1st and 2nd bank. every thing is done from my side. 2nd bank ( Chase) has already extended approval twice and their 2nd approval is expiring tomorrow. i found ou
Read more…I have a question. Is it best to leave utilities on in the homes that clients have vacated before the sale is approved? I have heard yes, and no. what say you guys and gals?
Read more…Okay, so it's established that if the buyer is going to contribute to the second to get them to release their lien, it must be on the HUD.
However, where does it need to be on the HUD? Does it matter and what are the different implications? Does it
Read more…Have buyer with approved sale EXCEPT for one last signature. Fannie Mae. Any insight on how long to expect to wait. Been 3 weeks already
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