Check out these realtor remarks that I saw in MLS today for a BofA REO condo that is classified as a condo-tel by Bank of America. COMBO LOCKBOX - CALL FOR CODE. A PRE-APPROVAL LETTER FROM A BANK OF AMERICA LOAN OFFICER IS REQUIRED WHEN SUBMITTING AL
Read more…I just spoke with an agent in my area about a listing that he has been having for over 450 days. About two weeks ago, the list price was reduced from $119,000 to $54,000. I had a client that had been watching this property for a while and when the d
Read more…Details... Mortgage amount 228,000 Offer amount 130,000 Net amount to lender: 119,100 Commission paid 6% Total release, no note, no deficiency American Home Mortgage *******Seller was an investor and was current on all payments and HOA fees******
Read more…Today has been one of those days. A delayed closing, a buyer walked, and to top it off a bankruptcy notice to one of my buyers regarding the seller of a short sale she has under contract. Does anyone have experience with bankruptcy and short sales? A
Read more…Lately I have been running into issues of the closers on the files not responding to me. We may need an extension, HUD approval or a simple question answered. It seems as though once the negotiator sends the file to the closing department, it takes a
Read more…Hello everyone, As you can tell Bryant and Wendy are hard at work on the best short sale sight anywhere. Many of you may or may not know that I am a moderator for Bryant and Wendy..... I am going thru all of the profiles to make sure that everyone ha
Read more…Why would a homeowner prefer to go down the short sale route instead of deed in lieu of foreclosure? It seems like in DILF, the debt may be forgiven. Please educate me.
Read more…I recently got a BofA approval and the offer is more than the BPO, buyer lost his job and can not close. I have another buyer same day, BofA says that they can not assign a new buyer because it is in the closing department, WHAT? That is the dumbest
Read more…Anyone know a good system for them? They say to my seller...your just 1 in a stack of hundreds...but with the sheer number of Short Sale offers that they must have, they could probably get alot off the books if they just set a system up for themselve
Read more…I'm super excited about the 2 short sale listings I took in 2 days. And I know I have this REAL group that can help me along the way. It's one thing to have a designated certification by NAR but it's one thing you know you are supported by real peop
Read more…And thank you SOOO Much for getting rid of the black that hurt my eyes to read! It is not easy to read white on black at our ages anymore! You gave my eyes a needed break! Thanks!
Read more…What a classy looking site guys! Wendy, I KNOW you love it!! I love the easy accessibility for the sellers to find agents and the look is clean, crisp and classy! AWESOME! Debe
Read more…I just closed on a sale and both sellers are detectives with our local law enforcement office. (This was not a short sale) but the topic came up, he is currently involved in a major mortgage fraud investigation in Bay, Walton and Okaloosa counties in
Read more…Congratulations Bryant and Wendy. Short Sale Superstars just keep on getting better. I love the crisp new look of the site! I also appreciate the ability to update my profile. You guys are good!
Read more…The Deed-for-Lease (D4L) Program aims to minimize neighborhood blight and encourage house price stabilization by cutting down on foreclosures, real estate-owned (REO) and vacant properties, and distressed home sales. Ok, sounds good in theory, maybe
Read more…We have 2 of our short sale files that are now requesting that the file be handled through National Quick Sale. It is $99 to set up (they waived the fee for me). Now they are also telling us that they are going to charge 1% of the purchase price & a
Read more…I have not read all of it yet but it looks like they are being sued by their investors. I wonder how long before BofA is in a similar suit.
Read more…You've probably heard...."Short Sales are difficult and a big waste of time" and "Rarely do they close and when they do you don't get paid". I If you believe these statements to be true then one of my goals with this seminar is to prove you wrong.
Read more…Isn't it funny how one $8000 price adjustment on a $200,000 short sale listing can create a frenzy and multiple offers? I have found that overpriced short sales are a great opportunity for the buyer's agent that understands the short sale process. If
Read more…Sales price $75,000 Commission 5% First mortgage with US Bank paid in full Florida Bond down payment assistance paid in full Regions bank amount owed $24,000 Regions agreed to a full release for cash settlement of $6100 Happy seller, happy buyer! Hap
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