Short Sale Software
Hi, Is anyone using a really good SS software program? Looking for a program that tracks the sale with file information, document copies, reminders, contact database etc. Appreciate your input!
Read more…Hi, Is anyone using a really good SS software program? Looking for a program that tracks the sale with file information, document copies, reminders, contact database etc. Appreciate your input!
Read more…Hallelujah! In the past, with Fannie Mae-owned short sales I've closed, the approval letter stated that the lender "waives any deficiency". But, because of the their new Strategic Default Policy, that language has been eliminated & Fannie Mae retain
Read more…Seems the person in charge of the short sale file didn't feel like doing it anymore and closed the file.That was her general attitude on the message. No other reason. The bank had already approved the sale, the buyers lender had ordered the appraisal
Read more…I received a counteroffer from BOA in Equator. They changed a couple of the items - closing date, reduced amount for title insurance, etc. All of the prorated items are now much higher because of the delay in receiving the counter. Should I put t
Read more…I have a potential seller who wants to short sale his house in orlando, FL he has two different first time buyer programs when he purchased his home in 2008; one is $10k and the 2nd one is 20k; if he short sale does he have to pay both at closing or
Read more…A prospective client has a first loan with LBPS and the 2nd with Ditech. Has anyone worked with Ditech?
Elise
Read more…I am in the process of purchasing a short sale with a 2nd and 3rd mortgage. It is a large purchase and I have managed to come up with the necessary 20% down payment. When I started the process, I was informed that if the 1st lender approved my off
Read more…Has anyone become SS Certified with Equator (Platinum, Gold, or Sivler) and if so have you seen any true benefit?
Read more…I am a buyer's agent with a short sale going through Equator. The listing agent has a transaction coordinator who is handling the short sale and wasn't familiar with Equator. Since I had used it for REO properties I told her it was difficult to use
Read more…How do we determine whether the Short Sale is a HAFA, or traditional S/Sale? Is the seller/borrower notified by the lender? Or, do are we notified if and when we submit S/S Package?
I have had training on HAFA, but did not learn exactly who makes t
Read more…I'm working on a short sale and have 1st and 2nd mortgages approved. Now I just have the pesky judgement out there from Haferman Water Conditioning in Burnsville MN. The face value of the judgement is $1511. which of course I'll pay to close since we
Read more…Many companies are forming start-up divisions or repositioning current servicing strategies to support more cost effective disposition and sale of toxic or non performing assets. These assets are sometimes referred to as REO which most of you are awa
Read more…I have been waiting 10 days for Bank of America to respond to our counter to the counter via equator. I have emailed the negotiator but no replay.
I am worried they will close the file. Will B of A counter again or decline the file?
Any ideas?
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Hello!!..
My husband and I are on a journey that involves a 9 month short sale with BofA that is just about (hopefully) to close. We got word back from the bank that the seller needs to come up with 10K in cash and then our offer has been accepted.
B of A has the 1st, credit union the 2nd. B of A approved sale, c.u. just responded and says seller may not receive relocation funds. Instruct me to tell b of a they need to start all over again. Has anyone experienced that ?? They said it needs to g
Read more…I had friends who had a first with one bank and a second with B of A. B of A had agreed to the short sale and did not, at that time, request pay back. The owners received a letter regarding this deal.
The short sale went through almost a year lat
Read more…My husband is a retired veteran and has qualified for va financing of a home. All of our paperwork has been submitted and approved. We have a signed offer dated May 20, 2010 for a townhouse in Las Vegas. The seller is military and has been reassig
Read more…Hello I was about to close escrow but now we have to re start the whole process does anybody know how long this process is going to take?
Read more…Has anyone encountered a short sale where the loan was termed a "Shared Risk Loan"? I have one with Navy Federal CU and twice the short sale was denied because it was a Shared Risk with Fannie Mae.
Initially (8 mos ago) NFCU said that Fannie would
Read more…We are trying to close a short sale where the buyer is paying extra money to the 2nd lender. The lender making the loan will not send docs to title until the First Lender (Suntrust) either changes their approval letter to acknowledge the exact paymen
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