I Have a client her house is upside down and has hardship and is no longer able to afford fixing her house but she has been paying her payments on time including Nov payment , under what circumstances I would be allowed to do the short sale , Please
Read more…What does a bank typically pay towards HOA fees in arrears? The property I'm short selling has 3 different HOAs.It's not a condo.
Anybody know?
Read more…Im a licensed broker in Illinois and I have facilitated/negotiated at least 250 short sales personally over the last 7 years. During attorney review on one of my short sales recently, the buyers attorney sent a letter to the sellers attorney stating
Read more…Does anyone know of a good HUD 1 generator for short sales? I am working off an old HUD 1 form and need an updated one. Free would be great but Im open for options. I would like to be able to make multiple changes if necessary to this HU1 form.
T
Read more…Good Day Superstars,
I'm working with a buyer who is using FHA financing. Does anyone know a 203k consultant in the metro Atlanta area?
Thanks much.
Read more…Some one please share you experience, a good negotiators phone number. I am having so much problems with Penfed. They made my client do a loan modification because flat refused a short sale. Please advise.
Read more…Hello Group:
This is my 1st discussion so please bare with me. I'm a broker-owner and attorney in the Chicagoland area doing business in the short-sale space for the past 10 years.
Can anyone advise me on CITI escalation or other options?
1st lien
Read more…In the middle of a short sale and the lender takes property to trustee sale. What to do? I called Hud to ask if the lender could by pass the short sale while reviewing offers Hud said no they can't. I was told the lender had to entertain the offer
Read more…I'm having a hard time with SLS, who sent out an appraiser on my SS, instead of a BPO agent. Value came in 12K higher than offer. Buyer came up 2K max so we are 10K away from what bank wants, which is definitely over market value. Bank says I can do
Read more…I know everyone is having issues with FNMA's incredibly ridiculous values. Has anyone or does anyone have a contact and FNMA that may be able to put some human element into a sale I am working on? I feel like my hands are tied and I hate feeling this
Read more…Hello, all! I put in a bid on a short sale home several weeks ago. The appraiser was sent out 2 weeks ago. Today, my realtor informed me that the bank, in addition to other information, wanted to know my address. I asked why and he did not know.
Read more…I can't recall this coming up in other short sales I've done, but I have one going with Specialized Loan Servicing. They rejected buyers offer, asked for higher offer, and said the settlement charges are too high, at 13% of the offer price. I am SURE
Read more…Hi All!
So I'm trying to purchase a home…short sale through PNC bank. The owner accepted the bid on September 7. The bank sent out an appraiser 2 weeks ago. Still haven't heard anything. Any advice on how to move this along would GREATLY appreci
Read more…I have several short sales that are FHA and it never fails, I have to fight them in the loan modification cue in order to get them removed and sent to the short sale cue. I thought i had the answer when I rec'd a BOA form called a Borrower Election
Read more…Ocwen is requiring this short sale be put on hubzu? We have had an offer in for 2 months?? Any Listing Agents been approached this way?
Read more…I have an APPROVED short sale with BofA involving a property that was included in a bankruptcy discharge. US Bank (second lien holder) will NOT move this file forward and I am have difficulty escalating this file.
Read more…I have a short sale... it's a conventional loan, service by chase, with Freddie Mac as investor.
They require a "Pension Award Letter" for proof of retirement income in addition to disbursement statements from the pension.
My client cannot find the
Read more…We have a Short Sale we've been working on since March. It started with 2 Chase loans. We had approval but then the buyer backed out. Got a new buyer with matching offer to 1st approval. 1st loan was then released to SPS. Now SPS is telling us t
Read more…I am looking for confirmation that subordinate liens are required to waive deficiency when accepting money from HUD/FHA.
Read more…
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