With the New Gov. Laws- What is the Required Time Frame- for SS Submission, Review, and Feedback from lien holders?
Any advice on this? Thank you.
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Wells fargo FHA short sale delays
I am negotiating a short sale that has been stuck in the Wells Fargo system for months. They did the appraisal 3 months ago and we haven't had anything from them. We have escalated to no avail. does anyone have a good contact that can help us get
Read more…21st Mortgage short sale
Need some help with 21st Mortgage HAFA short sale. The listing price approved is $230k, we sent an offer for $226k w/ buyers asking 3% closing costs. And the bank came back saying that they reject the offer and will not pay ANY CLOSING COSTS! I then
Read more…B of A transferring file from DTS to AMS....Is this so they won't have to pay Coop Relo fee?
I have a B of A Coop SS that was approved and almost made it to closing....but USDA buyer hit a bump and needed extra time. B of A would only give a short extension. We needed about another week. We were hard declined but encouraged to resubmit to ge
Read more…Wells Fargo Admin Contact
HI , been working a short sale with Wells Fargo , appraisal has been done , accepted their counter offer . been told since JUNE 20, awaiting approval . this is a delegated file . Now im told they want a contractor to go in to verify the construction
Read more…short sale with ocwen and need advice since sellers agent doesn't keep up with communication
Hi. I'm buying a home here in Vegas that is a short sale for my parents who are anxious to move so they can spend time with my newborn and so i can help them. The previous buyers back out and we put an offer for what the bank was asking which was acc
Read more…hubzu and auction.com
Been hearing from sources that some brokers have found a loophole in getting around both. Anyone?
Read more…Realtors collecting fees for negotiating short sales.
I have previously seen legislation stating that a Realtor could not collect a fee for negotiating a short sale, nor could he collect extra commission for handling the short sale.
Friday, I attended a seminar where a local Real Estate Attorney said t
Read more…Participating HAFA Banks
Does anyone know where I can get a list of banks, investors that pariciapte in HAFA?
Read more…include LLC and S corp info?
On the Request for Mortgage Assistance, form does a seller need to include info regarding income from S-corp and assets in an LLC (with different names than borrowers)? S-corp and LLC info flows thru to personal income taxes. Purchase money loan, st
Read more…Wells & Fargo
We are buying a short sale and wells & Fargo is the Lien holder. How are they with short sales? Do they take forever? The realtor selling the house does not care to do work and push the bank so we are hoping wells and Fargo are pretty good with short
Read more…Short Sale in Auction House
Hello,
I have a buyer who has an interest in a short sale. I was surprised to hear that he found the listing on Auction.com.
I looked up the listing on the MLS and saw that it was under contract 3 times and failed to close. It's still active on t
Read more…Seller died during short sale process
The seller died without a will or assetts , the heirs want nothing to do with the property .
We have a buyer under contract , can anything be done to continue with the sale ?
I had a POA for the sale but it does not survive death
Read more…Freddi Mac Commission for Dual Agency
Pleas advise is there is some guideline that allows the full 6% commission to a dual agent on a Freddie Mac short sale?
Thanks.
Read more…Citi Issues Approval Letter and Terms, then Service Transfer to Caliber Home Loans 3 days later!
Hi All!
It's still strange in the Short Sale world for sure! Have Citi Loan in first, and a FHFC Loan in second.
Started SS in mid July. Foreclosure judgement already granted to Citi back in March. Able to delay foreclosure auction sale until Nove
Read more…HAFA buyer's closing costs
Servicer is CCO Mortgage and loan is a 'private' investor. Have been working an offer since February and was supposed to receive the approval this week. Full price offer based on appraisal and requested $2500 in buyer's closing costs. Just learned
Read more…Shortsale with Judgement for Child Support/Spousal Support
Has any one ever work or have advice in working with a Short sale with a judgement for Child Support/Spousal Support? I had a prelim report prepared and notice the judgement on it. I also notice that there is a Bankruptcy. However, the homeowner s
Read more…CIti/Fannie cutting commission to 3% for agent with both sides - Florida property
Citi (Fannie Mae investor) is telling me that the agent, which is the listing agent as well as the selling agent, has to cut her commission to 3% from 6%. Is it possible that this lender is delegated and wants to issue an approval letter without sub
Read more…Economic Stabilization Project
I recently had a Realtor send me a short sale contract with Economic Stabilization Project as the buyer. I had checked on the company and saw some posts on her from back in 2012. Does anyone have an recent experiences with the company?
I am a little
Read more…Shortsale sitting 2+years
I've already got one post regarding this property.
But I had a question- The house we are hoping to purchase has been sitting for 2 years at least according to the papers we found stating it had been winterized.
Its still considered a shortsale and n
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