short sale deficient
will someone answer this... when do you find out if Fannie Mae will come after you for the deficient in a short sale ...I live in SC...
Read more…will someone answer this... when do you find out if Fannie Mae will come after you for the deficient in a short sale ...I live in SC...
Read more…Has anyone bought their own short sale listing or heard of anyone doing this? Do the banks have a problem with this because they may think its NOT an arms length transaction or look suspicious etc.? Please let me know if you know of this happening
Read more…I would like to know if the new Short Sale program( HAFA) applies only to FHA loans.
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Greetings all! Was wondering if anyone had any contacts for Citi Mortgage? My wonderful brother in law, Jim Ferebee gave me some GREAT docs info for them. Was wondering if any of you here had contacts? Closing on another deal Friday. AWESOME AWES
Read more…I am a buyer waiting on a short sale and I am wondering what the estimated timeline would be after our agent enters the down payment % and potential closing date in Equator? Here is my timeline. * 2/5/2010-Offer submitted in Equator * 3/10/10- A BP
Read more…ASC is the serving company for my borrowers loan we are doing a short sale on he's property. They e-mailed me and said that the mortgage insurance(Radian) wants 25k signed note from borrower. Called borrower they pulled out their doc's and stated the
Read more…I have a condo that accrued $10,000 in back condo fees. We have negotiated with the Condo Association to pay half but I can't get Bank of America to include it in the price. Any Suggestions? The buyer needs it in the purchase price so he can get i
Read more…I'm the listing agent on a BOA short sale. I just uploaded the information to the equator site. The only thing that equator has requested is the Letter of Authorizatioh to Release Information, which I also uploaded. I am trying to short a conventi
Read more…I'd like to hear input from those of you who may be working on a BofA short sale where the owner is current, but maybe has missed a tax payment, if the owner is not a wealthy person, are you getting approvals without the bank asking for a promissory
Read more…My client had a 2nd mortgage with Chase. Representative told me to call Professional Recovery Services at 800-309-8000. Any idea what is their approach towards short sales? Are they tough?
My client had 25k mortgage balance and we have approved 2500
Read more…Just got ANOTHER deal on my BOA Short sale and all paperwork was submitted yesterday.. This is our 6th time around on this property.(we did get a few approvals but buyers walked just prior and had to start over again.) This last time around, BOA ama
Read more…Here is the situation- BOA approved an offer of 450K with 3% c cost credit on an outstanding 1st mtg of roughly 890K .
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There is a second that was approved by Real Time Resolutions in the amount of 3K with a payoff
balance o
Read more…Hopefully some one could help me, I got an approval from BofA on our short sale on equator on march 15,2010 we open escrow, on march 18,2010 i got a call from bofa the property was going to be foreclouse, we have to close escrow on 04/12/2010 we have
Read more…Here's the latest...our SS was submitted to SunTrust on 08/13/09 and it was assigned to a negotiator on 10/16/09. We spoke with her 1x on 10/23 and she was real nasty, saying that we had never been late or missed any payments, so why were we submitti
Read more…The banks are raping folks and they really dont want the world to know the truth. This is the TRUTH!
http://www.thinkbigworksmall.com/mypage/archive/1/32275
Good afternoon everyone,
Does anybody know how to get BPO or maybe if I am very lucky get REO listing. I have e-mailed several companies, but No luck yet. Does anyone in this group has a list of asset manager? I need help. Thank you Sima
Read more…I am looking for contract info for Midland Funding, they are located at 8875 Aero Dr, San Diego. Does anyone have past dealings with them.
Read more…I realize that Fannie and Freddie loans do not qualify..but what about the small town local banks? They are not HAMP participantes, therefore, do not need to suck it up and take the 3K, correct?
Read more…I'm in the process of buying a home in MA in a short sale. My realtor told me the other day that the bank approved the sale and emailed me a copy of the P&S to show my lawyer. However, my lawyer said that often short sales aren't approved by the bank
Read more…I requested up front the short sale application and guidlines in order to see how hey operate.
Their short sale application up front stipulates 3 things I have never seen:
The package must have a buyers hardship letter that includes a phrase st
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