I just got the following email from Fay Servicing:
I’ve been informed by our investors that the offer is denied. The account manager on the file (Sam Barkho) will be contacting the seller's to pursue a deed in lieu instead. I appreciate your efforts
Read more…Looking for feedback please.... Received Short Sale Denial through Equator. WF indicates what the Investor needs to NET from proceeds of sale. Cash Buyer. Net to Investor (Freddie) is $2K in excess of required minimum. 2nd Lienholder is a Munici
Read more…Has anyone had a lender ever tell them... "we are not required to speak with you even if we have a third party authorizaton"?? Basically the lender wont cooperate with the short sale and is willing to take this through the foreclosure process. They
Read more…I have a client that will be short on their second. Has expressed a desire to protect their finances and continue paying the note (or have it rolled into a new note) but does not have cash to pay it off in full with sale of home. My client called C
Read more…Is it possible for the previous owner on a short sale home to re-purchase the same property now that they are in the financial position to acquire financing?
Read more…I've been doing short sales since the late 90s. My first was with Wachovia. So, been there, doing it, still doing it. Now that we've gotten that out of the way.......
For some reason, over the past several years, most of my shorts have either been
Read more…Has anyone come across a municipal requirement to hook up a property to public sewer upon transfer? This is approximately a 20K cost and it is to be bore by the seller. Would Freddie Mac have anything in it's guidelines that I am not aware of to cov
Read more…Is a FHA short sale any different with BofA? Is it any slower or faster than a conventional? Any way to avoid starting over when submitting a new offer? Can't get through to the 2nd negoiator to get answers to these questions.
Read more…Widow of only 8 months faces foreclosure next week with Wells Fargo on a reverse mortgage. A trust existed when Wells Fargo needed to deed her off the property. She simply wants to control the situation by doing a short sale on the property. Wells wi
Read more…I submitted an offer fur my clients with Green Planet in December. Green Planet issued a counter offer that my clients accepted. Sent in all required documentation (signed counter, HUD and new financials for the seller). Since this was submitted, Dec
Read more…Good day Superstars,
You’ve gotta let me show you the potential you have in successfully generating leads for your real estate business in
2014. All craziness to the side, we’ll be hosting a webinar on Wednesday, February 19, 2014 called – “The Resu
Good morning Superstars,
We’re hosting a webinar on Wednesday, February 19, 2014 called – “The Results Are In! Sneak Peak to Insider
Marketing Secrets of Successful Real Estate Agents! Here’s How They’re Doing It!” Click here to reserve your spot
befo
Could anyone tell me how long I can expect to close after the ATP has been issued and signed by the homeowner??? I need this to close in the next 10 days, but when I talked to them today, they said they were just submitting for the ATP. Any thought
Read more…Anyone have any rules of thumb when dealing with Fannie's recommended list price?
I've got a troubled listing. Its been on the market for about 3+ months. We've steadily lowered the price. I figured I might as well see what Fannie thought. So I req
Read more…Good morning Superstars.
Ok, the results of our Real Estate Marketing research is in!!! As you may already know, a successful Real Estate
business can, and should, incorporate a marketing plan to generate Seller Leads. And those real estate agents t
Wells Fargo is demanding that a CPA sign and date my seller's profit and loss. This is a small home based part time business with less then $20,000 in total sales and he doesn't have the funds to hire a CPA to prepare a profit and loss for him. T
Read more…My Short Sale Seller is a foreigner. California requires Fed/State Tax Withholding on any sales by a foreigner. Short Sales Net zero..does anyone know if there is an exemption for Short Sales?
Read more…My clients want to do a short sale. Their mortgage was with Chase, but then transferred to Ocwen. The balance is $190K, and they have stopped making payments on it several months ago. They also have a home equity line of credit for $35K, which is wit
Read more…I see a lot of discussions about SLS and people requesting management contact info, etc. but I can't seem to find any escalation contacts.
I am working on a 1st with SLS and our appraisal just returned. They won't tell me what it came in at nor will
Read more…Help! Anyone have an accurate number for the Executive Response Unit at Citi?? I was supposedly escalated to them last week but when I call to follow up the "direct" number I was given for that unit does not work. Customer service has given me 3 othe
Read more…
**********************************
like buttons
************************