I read tons of stuff about how the listing agent should go and talk to the agent doing the BPO, prepare a CMA for them, etc. But today when I got there, and tried to give the agent my CMA, she said absolutely not, they aren't allowed to talk to us or
Read more…I'm in the process of selling a condo and found out at the last minute there was a lien from Citibank on the title for a equity line the other two owners knew nothing about. The person tied to the loan declared bankruptcy and was removed from the tit
Read more…Now the bank is asking me to sign a Buyer's Name Affidavit
BEFORE ME, the undersigned Notary Public. on this day personally appeared ihe person who signed this Afíîdavil, and
who, after being duly sworn by me, did on his 0r her oath Slate the follow
Long sad story, my borrower was forced to vacate and rent her home due to financial and medical issues. She struggled to make her payments to Midland for many months and when she could no longer do so contacted Midland about a modification or short
Read more…I have a client with a 1st and 2nd lien. today we discovered that the first will be paid off in full -- can I submit to the 2nd for HAFA?
Read more…I have a second asking for 20% of payoff and the first only willing to do 10%. The first is Chase and second is Real Time Resolutions. Bank of America sold the second during the transaction. The first is a VA. The second seems to be sticking with no
Read more…Just had a nice long conversation with an appraiser who is getting alot of REO and short sale appraisals. Out of frustration, I called him to seek understanding of a recent appraisal that we just got for an REO property. The property is worth 450,0
Read more…Just wanted to give my current story on what's going on and if anyone had any suggestions. Currently trying to short sale our house which contains Chinese Drywall and this is the response from BofA: The BPO came back with extensive damage regarding
Read more…I have a client that just got her bankruptcy discharged and just requested to do a short sale. I am wondering how I start a short sale? I read that I need authorization from the courts to do so but how do you go about requesting that clearance? What
Read more…
Good morning Superstars,
Here's a sampling of this week's Superstar discussions.
| Discussions | Replies | Latest Activity |
|---|---|---|
 Banks manipulating appraisals?Just had a nice long conversation with an appraiser who is getting alot of REO and short sal |
Hi Superstars,
Were you able to catch the webinar,"How to Set Up Your Lead Nurture Campaign to Grow Your Real Estate Business", last week? If so... I hope you found that what Granison Shines, CMO of Direct Business Marketing, had to share was valua
Read more…Below is copied/pasted note from negotiator. We received an approval letter today, for closing Monday, August 5th. We asked for an extension and got the following response. Does anyone know if this is a valid statement, and any ideas where I'd find i
Read more…In almost 10 years of short sales, this is my first opportunity doing one with Ocwen. WF and BoA seem to service 95% of the loans in my area.
From what I am reading and from what the Ocwen rep told me, under no circumstances with they review a file
Read more…Good morning Superstars,
I listed a short sale in Snellville, Georgia. The best offer we received was a cash offer for 113k. Comps I used when determining price came in between 110k and 115k, so this is a reasonable offer and we submitted the offe
Read more…First time with PNC as 2nd lien. I have tried googling to find any good discussions on this but most are at least a year or two old and not ending well. They are requesting a high amount to allow us to short sale. $64000. CASH. Just need a few tips o
Read more…Been in short sale process since April. Just received this from negotiater - How much longer will this delay the process???? Once the loan is 31 days delinquent, the lender stated, at that point she can issue an approval letter provided that all the
Read more…On July 17th I submitted a short sale package (NFCU is 2nd mortgage). On 7/23 I was advised loan was "charged off" and that the only person who I could talk to about this was our specialist. I have left her 4 voice mail messages with no response. Whe
Read more…Hi Superstars
BOA FHA short sale. BOA did FHA appraisal in February & pre-approved sales price. Approval letter received for closing by 8/30.
Buyer's appraisal (Suntrust Bank--conventional loan) came in $5,000 below contract & approval amount.
Any
Read more…Has anyone else been having problems with Nationstar they took over a lot of loans from BOA I just received a counter offer on a property (short sale) they want the seller to come up with 36k and also came back 23k over contract price which area is n
Read more…
Last week the second USAA wanted me to sign an addendum that changes my inspection time from 17 days to 10 days. Which I signed.
Now today I get a new addendum that says: Sellers contribution to buyers recurring and non-recurring closing costs
Read more…
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