Brief summary: shortsale that has been empty for 2+yrs and vandalized after the evaluation ordered by BOA- We made offer to BOA in July- turned in requested info- they transferred loan to Selene- offer resubmitted with Selene- 8/11/14- turn time 48-7
Read more…Approved short sale. Buyer USDA financing. Told that USDA ran out of money. We are in Florida. Anyone else heard any news about this? Timeframes to share? Already know the lack of friendship between short sales and USDA Buyers, but already in t
Read more…Hello, I am now 8 months in to trying to buy a short sale condo (1 bedroom) in Westwood Los Angeles. This area has multimillion dollar buildings next to smaller lower end buildings. My offer is for a lower end building and was submitted at $453k wh
Read more…I am working a short sale with ocwen for a while we had previously agreed at a sales price for 142,000 based on a BPO of 169,000 ....BPO expired and a second one was ordered which came at 140,000 normally they will reduce the price to the BPO value,
Read more…Just closed a Selene finance short sale.
We had an approval a year ago but one of the sellers refused to sign at closing due to a divorce issue. The buyer and seller (the cooperative one) decided to rent the property to the buyer until we got the is
Read more…So we made an offer on a shortsale that BOA had-the home was left in a terrible shape and had been vandalized after their appraisal had been done- after a week we were asked to get a letter from a contractor for our low offer justification- all the
Read more…K.I.S.S.
I am a fan of Seth Godin books and his permission based marketing, it is always easier to be an advocate than a salesperson. WE are asking people who are in distress to list and sell their homes.
Here are a few ideas to help you get some id
Read more…I am very very bias, I have interviewed those who are making a CONSIDERABLE sum of money from working short sales (and I coach to do short sales as well)
However, I know that many of you are coming back to the site and really trying to figure out if
Read more…Ugh, anyone know what variance would take 30 days? I dont...That is the latest bs i have been told...i need an email or direct # to a decision maker...they are getting more $ back than required net, the file has just sat...and now..i want it closed-H
Read more…I have a short sale and was told by a member at DesJardins they don't negotiate the short sale only the attorney anyne have any experience or dealt with them?
do I need to prepare a short sale package ? if you know anything on this bank please help.
Read more…I have a new client that I started working in July 2014 on a FHA shortsale with Chase.
This new client had another attorney working on it prior so I wasn't given the complete file.
Found out about in August that it was an FHA loan and that it had an
Read more…okay we are now 2 weeks from closing but the problems continue.
Seller is expecting to receive $3000 moving money even though they did not qualify for the HAFA program. They were emailed about this months ago by the negotiator (i was copied on it).
Read more…I need hellp with Ocwen. Who has a good name and number to email/talk to? AFter having a property on the market for four months, reducing it every 30 days, we finally got three offers. We asked for highest and best and submitted the offer to Ocwen
Read more…Hello Superstars:
Can anyone advise me on who to "talk" to at ocwen? I have a Litton Loan Approved Short Sale that was to close last Friday. Litton sold the loan to ocwen without notifying anyone. When I called Litton Short Sale Dept to confirm
Read more…My client took out 2 loans in 2005 for a total of $329,000 sales price. (Chase is the first, HSBC the second)
In 2010 they applied for and were granted a HAMP loan modification on the first loan. It gives them 2% interest on $149,000 for 5 years and
Read more…I listed a property as SS with Ocwen as first and Chase as second. How is OCWEN in thier timeline now? My seller moved out during the loan modifiaction process and was approved for trial, it started last November. Meanwhile she moved to her daughter
Read more…I am working on a short sale with my clients, and their home has been under contract. We've submitted all the Short Sale Package paperwork to OCWEN (the 1st Lien Holder), and CHASE (the 2nd lien holder). We've talked with a representative from OCWEN
Read more…Hi Superstars, I'm working my first short sale with Ocwen I'm in the process of Re-submitting the short Sale packet to Ocwen. They claim I didn't submit additional documentation within 10-days of their request- which is not true I did in 3-days of ge
Read more…I am ready to close on an Ocwen short sale but the escrow company will not sign off on the Arms Length affidavit. They are asking for written acknowledgement from Ocwen that this is acceptable but Ocwen has replied that no changes on the affidavit a
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