I was unaware of HSBC policy to only pay 5% commission until I got my approval letter. My listing contract and advertised co-op rate was 6%. Anyone having any luck getting them to pay higher than 5%?
Read more…Hi All,
I am new here. I've been an investor for some time but have never used shortsale as an investment strategy.
Is this still a viable option in today's market?
What about the seasoning issue?
Any info would be appreciated.
--sheik
Read more…I just closed a deal on condo a few weeks ago that a small mortgage company held. The process was so smooth. The default servicing specialist kept me in the loop during the process ,and my buyer received a check at closing from there mortgage compan
Read more…I've represented sellers in a few short sales, but have recently been asked to list a home with a VA loan and hope you can give me some advice. Here's the situation:
Owner has a VA loan through Wells Fargo. Since buying the home they have had a red
Read more…I am a buyer and my realtor has been told by green tree that they will give zero to the second. This is a fannie mae short sell. Can they do this? Offer nothing to the second and tell use no matter how much we offer they are taking it all?
Read more…and closed on 10-3-12, but about 2 weeks later we got a notice of trustees sale on our door, it has the old owners names and our names and, our mortgage company on the notice and on the same day we found out that us bank sent back the funds for the h
Read more…First, I'd trade BofA for Citi any day based on the phone call I just made to their short sale dept. What a breath of fresh air!
My question: Citi/Fannie loan. This is an investment property, seller has never lived there, now vacant.
Should we e
Read more…Copies of Liquidation Appraisal Reports
VA does not object to servicers providing copies of liquidation appraisal reports on a VA-guaranteed loan to Veteran-borrowers and third parties authorized by any borrower on the loan. Both Lenders and
Service
I may have just figured out why there are so many inaccurate BPOS. Check out this email that I just got from someone who will do my BPOs for me for $18.00 each. Names and numbers omitted on purpose
This is XXX, writing to you from XXXXXXXm Inc, seeki
Read more…Hello Fellow Superstars,
My name is Doug Juenke and I am a REALTOR-Broker in California and I am also a member of the C.A.R. Distressed Property Task Force and last week I gave a presentation to about 250 fellow agents about we what are dealing with
Read more…Question: I haven't seen much discussion about Nationstar lately. I have a client who is thinking of making an offer on a Short Sale with Nationstar as the lender.
Thanking you in advance for your input. ... Jane
Read more…Does anyone know what's happening regarding guideline changes on May 28, 2013?
I just received a short sale approval letter, saying we have to close escrow by May 28 (that's in 7 days!) even though the buyer is getting a loan. Negotiator says it's du
Read more…I have a short sale file that was sold to NationStar about a month ago, before that it was with MetLife. We originally have a mutually acceptanced contract with a mutually acceptanced date of 02/04/2013. With the Auction Date scheduled for this Fri
Read more…Just received a short sale approval letter stating escrow has to close no later than May 28, 2013 (in 7 days!). Negotiator states it's because of "...some upcoming guideline changes" so they're not able to get approval letters past the 28th. Then th
Read more…I have had a 100% success rate with my short sales until the end of 2012. I have lost complete confidence in bank of america and the servicer s that they are using which include LRC & AMS. I initiated a HAFA short sale in August 2012. They did four
Read more…I had a cooperative short sale with one of BOA's short sale departments in January 2013 and they offered $7000 for seller relocation incentive. For some reason (beyond me) the sellers decided to hold off and I had to end the short sale. I called the
Read more…Loan amount $304k, reinstatement amount $390k
The bank will not accept an offer of $312, they say this is not a short sale
I am thinking its because of the loan amount not the reinstatement.....all SS i have done have been less than original loan amo
Read more…I have been working with clients for over 6 months on a loan mod. A ReMax agent has been calling them telling them she IS their Short Sale agent ASSIGNED by B or A through DTS. She showed up at their home with B of A SS paperwork and told them they
Read more…Help! We have all buyer funds in and ready to close and now Five Lakes Agency on behalf of Chase on a second, cannot be reached by seller's agent. We had to extend close of escrow by a week, and have been trying to get extension in writing from Five
Read more…We had full approval from Five Lakes Agency for a second loan with Chase. We were scheduled to close May 10th, and had to extend/delay closing which Five Lakes negotiator submitted to Chase and said would be able to do.
We now have all buyer funds in
Read more…
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