I have just had the most puzzling email exchange with a listing agent regarding her short sale property. Her instructions to buyer agents making offers is to submit a cashiers check/money order ONLY for due diligence, made out to the sellers' attorne
Read more…Reaching out to see if anyone has had experience with this servicer. They acquired loans from U S Bank in January and are trying to go through a whole home retention review even though U S Bank did one and already approved the borrower for a short
Read more…Does anyone have any contacts there? The loss mit/short sale department doesn't take calls. its been 3 weeks of us calling every day and not even able to escalate. They just keep saying they will "get back with us" HELP!!!!
Read more…Seller has not lived in home in 6 years and renting to relative. Seller lives in an apartment in another city. Will Wells Fargo still come after her for the deficit since she no longer lives there? How this will be treated for tax purposes?
Read more…Looking for a VP contact info of short sales department at Suntrust Bank in Florida.
Can anyone help? I'm about to lose a buyer for a $1.4M house.
Read more…It seems like it is getting more and more challenging to get lenders to reconsider value. Is anyone doing anything different or I guess I should be asking what are you doing thats working for re consideration of value?
Read more…Has anyone had any recent activity with Caliber and short sales? I have tried initiating several recently and have been told they do not offer them. However if you go o their website, there is information and even a short sale package available
Read more…I have a short sale with Bayview and I have an offer in line with their appraisal. They dragged their feet ad then told me they needed a new appraisal (after 90 days.) The new appraisal was 200k higher. I told them it was unreasonably high and had
Read more…Any guidance on working with Quicken on a short sale? Forms and docs needed? Contact info? Thanks.
Read more…Hello Everyone, I want to know if someone can help me.
Am working a short sale with Wells Fargo but the House have a home equity line with Bank of America for the amount of 100,000.00 but the borrower only ows 30,000.00 to bank of america. Wells Farg
Read more…Hi,
Understand need to ask a CPA but looking at options other than insolvency for a short sale seller and just wondered if anyone here had simply used fact that the $500,000 allowable net on sale would offset the 1099C income...
Thanks for any inp
Read more…Hi,
Ocwen first and RTR second. Have Ocwen approval letter with them paying 8% of balance due to RTR.Ocwen contact said if I need more for junior to put as buyer contribution to the junior lien on buyer side. Now title telling me Ocwen approval lett
Read more…Hi All,
A few months ago I went into contract with a property in foreclosure.
It's an estate and right when we went into contract I hired an Estate attorney to start appointing the seller (He is the only heir) As administrator to the estate of the
Read more…Does anyone know who do I contact to get the Forced Place policy to pay out?
The place was burnt out and now its wide open/
I learned the DLJ aka Credit Suisse bought SPS and SPS manages their REO however what about the care of the property??
Who do
Read more…Hi.
im in middle of a short sale, with shell point.
the property is sitting vacant for several years. No electric or running Water. And in need of repairs.
but that doesn't help me. Shell Point is refusing to order a Bank ordered BPO.
I raised my o
Read more…So I just initiated a file in equator and got an email about this xome platform. Then got a call and email from a REO company local to do a property inspection. This whole xome platform sounds like a strong art tatic to force agents who dont know w
Read more…Hello all,
I am doing my first short sale in Brooklyn through SPServicing. It’s been going smoothly thus far with submitting the paperwork. However, the servicer has not accepted our preliminary sellers disclosure twice now. Both comments are “The ne
Read more…Any one have any experience doing a short pay off with Ocwen & Shell Point?
Read more…I am noticing a theme with several different lenders moving files to auction/foreclosure after an offer is denied. Valuations are coming in higher then buyers are willing to pay. Anyone seeing the same? Any professional solutions?
Read more…
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