Hello anyone have any experiance with these. I am a buyer and put in a offer in one and offer was accepted by seller. Listing agent said this is a hafa shorsale allready apprived by bank and listing price was given by bank. Anyone know Iif this means
Read more…What is going on with these lenders?! I had 6 different CitiMortgage team leaders tell me that they are unable to review a homeowner for their ATP because there is no offer on the property (even though they verified they have a complete package excep
Read more…When we initially signed the contract we were told that even though this is a short sale it will NOT take a long time and the process was going to be very smooth.
It has been over three months and we have yet to get a closing date.
We had to sign an
Read more…Does anyone have any way around this? I have never been told flat out, "NO, we will not open your Short Sale". We have a complete package, ready to go.
Any contacts or way around this would be highly appreciated!!!
Thanks!!!
Read more…Please contact me if you can assist me in listing a short sale in Portsmouth, VA. Please provide credentials. I will go into further detail upon receipt of your message.
Read more…I'm a 3rd party negotiator and I've been working on a HAFA short sale since August, 2012, when I jumped in. File is Bank of America being handled by REDC. It's been one issue after another - the lack of communication and gross mismanagement is asto
Read more…I did an agreement of sale for a shortsale that is backed by bank of america. The sellers have a FHA loan. State is PA.
We put down $12,000 for seller assist. This is $12,000 more then the asking price. The sellers would then turn over that money to
Read more…I just received an approval from Wells, the problem is they are not willing to contribute funds to either of the two credit card judgments on title. The negotiator said their policy is not to pay any unsecure judgments. The seller and buyer do not
Read more…We put contract on a short sale through Suntrust in April. Bank approved short sale yesterday under the condition seller misses 1 payment! He's never been delinquent on payments! Is there any way to get by this? This will now push closing back anothe
Read more…Does anyone know how when the buyer is purchasing a short sale with a VA loan an Attorney fee of 800.00 for obtaining the approval(s) & an Attorney processing fee of 895.00 can be paid by the buyer ? I know it cannot come out of the 3% contribution b
Read more…I am looking for any insight into getting an approval extended without starting all over. The file was initially approved on May 15 (one loan, fannie mae, GT servicer). The buyers' lender has had a heck of a time getting the financing together, but t
Read more…I am working my way through a PFS through Chase. The buyer whose offer was just accepted is getting Sharia Compliant Financing. The financing requires an assignment of the purchase agreement to "A Trust To Be Formed". I've dealt with Sharia Compliant
Read more…We have negotiated a successful short sale with PNC on the same property for the 4th time. First two buyers walked due to repairs that the property needed. Third buyer was diagnosed with a terminal illness shortly after approval. Finally got a fou
Read more…I sold my home as a short sale using a government program. Closing date was November 2010. Shows paid by FHA in April 2011. I owe zero on the account. My question is do I have to wait 3 years from November 2010 or April 2011 to buy another home??? Th
Read more…I just got off the phone with CitiMortgage. I have a 3rd party authorization on file and talked with a representative just seven days ago. Now I am told that, because of a new law, they no longer talk to authorized 3rd parties operating in the stat
Read more…Hi All,
I am buying a house for 350K that is a short sale.
Two mortgages, Both with Chase.
We were told this is a "Fast Track" short sale which means the lender has "pre-approved" this and given listing guidance. Based on this we gave the seller li
Read more…This has to be the longest short sale in history
House was listed at 150,000 I made an offer of 125,000 in April 2013
Listing agent says they already have an accepted offer. Ok no problem. A few weeks later it is back on the market so I make another
Read more…I have a short sale with BofA as the 1st and PNC as the 2nd. PNC wants $15,000. BofA will only give them 8%. I got the buyer to kick in some more and both myself and the other agent are kicking in some commission. We are offering them about 50% of wh
Read more…We are in the beginning stages of disputing the value of the home we are attempting to do a short sale with. I do not understand the process, or how to start, my agent doesn't seem to either, and the bank will not provide a copy of their valuation.
Read more…
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