I'm new to short sales and I am representing and investor that placed an offer of $1.2M towards a short sale property listed at $1.9M. Why would the seller say no to a deal they do not stand to gain from? Shouldn't the bank make that call?
Read more…Has been done a recent Shortsale with Wells Fargo.I have one u/c for $700k.Seller is a recent former WF employee.His agent was told not to use Equator due to the fact he was/is an employee of WF.Seller
has a deed-lieu.Email from lender says get more
Read more…Ok so how about some feedback on this one. I listed a short sale that was originally a WaMu loan and the seller is getting 20,000. Beside the point of course, but here is what happened. I submitted an offer by way of Equator and after the appropriat
Read more…Our seller was offered a trial mod at a whopping $50 less than his original payment. He never signed the mod docs and instead wanted to pursue a short sale. The mod dept won't release until he "defaults" - he just missed his first modified payment.
Read more…Hi superstars! FHA short sale...BofA states they are no longer allowed to order 2nd appraisals, after the first one has expired (it was completed over 6 months ago). Stated they are only allowed to request a variance to extend the ATP.
Of course,
Read more…Hi all. I am the buyer of a BOA/HUD short sale that was just approved after a VERY painful year of dealing with BOA. We could never have gotten to this point without all of the input of this board's amazing members. We were able to get HUD to re-appr
Read more…10 days after closing a short sale, I recieved a call from a preservation company that they had orders to change the locks. I told them the home was sold and closed. Two hours later, the preservation company called and said they were afraid to tell m
Read more…Gosh Super Stars, I have really been beat up this week by all the banks!!!
This question is not a short sale question, but a home modification question that I want to find out if this situation has affect any of you.
My client started the home mod p
Read more…General Questions;
Since 2006 when Short Sales the norm;
1) Have you been asked / told to cut your commission?
2) Did you agree to do it?
3) How much income do you estimate you have been denied / lost since 2006?
Read more…The Arizona market is hot right now and it seems to be the norm here for "short sale listing agents" to work for a single Investor/investment company that buys the properties... the properties are listed and placed under contract simultaneously, and
Read more…It used to be that I never had any trouble getting the banks to pony up on HOA liens and past due amounts.
Though, on my two most recent transactions, BoA and Wells Fargo are both saying that they do not pay HOA past due amount - even if they are lie
Read more…I've been working on a deal that involves BOA and 5/3. Suppose to close this friday and now the only thing that is holding this up is 5/3 sent over an approval letter that states they would agree to release the lien for a sum of $6,000 but in their
Read more…I have a situation with a Wells Fargo processor who asked and I supplied many docs, on 4/26 she said she needed additional docs and had to have them by 4/28 or Wells Fargo would dump our short sale out of the system. My clients were out of town on a
Read more…Any recommendations on a price estimator we can include on our web site?
Read more…I have seen a like thread here and need to see if any other agents can offer some solutions.
Chase has approved my clients short sale with a $30,000.00 incentive from them plus $3,000.00
from the HAFA program. The second is with Real Time Resolutions
Read more…Has anyone here gone through the Chase Priority Partner Short Sale training? I did mine months ago. Got a couple leads that fizzled quickly. However, I have a Chase short sale which I acquired on my own. I have been waiting six weeks to hear some
Read more…I have been tracking PNC's behavior when in 2nd position on short sales and based on the postings and my experience they are awful to work with. I am trying to structure an appropriate offer. Here are the financial results of what I have found:
Of course I have an approved short sale in closing and the title company comes back with a nice request :
Find the missing assignment from the PREVIOUS owner of property, not my client, a New Century mortgage from 2006 discharged by Wells Fargo/ASC
Read more…Almost 7months ago we put an offer on a distressed short sale home.
( Not sure if I am using the term distressed properly because what I mean is an abandoned old summer cottage that needs significant amount of work to make it liveable. The value is
Read more…Has anyone had success in getting an expired HAFA (time line expired) extended, re-approved etc>
Thanks!
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