Comments on this announcement from RPR (Realtor Property Resource) and Fannie Mae. ?
RPR Teams With Fannie to Speed Short Sales
The REALTOR Property Resource® has announced a new partnership with
Hey everyone,
I did a search on the topic only to find posts from three years ago.
I got a short sale and after getting the prelim it shows that there are two credit card liens on the property.
Also the owner had already filed BK that was discha
Read more…I have counseled many people on the benefits of a short sale (on their credit and futures) vs. a Deed in Lieu of foreclosure. There are some sources (ie: BK attys, friends, bankers, etc..) telling them that the effect on their credit will be the same
Read more…I was recently approached by a past client who informed me that the short sale of his primary residence in 2012 was not going to receive a 1099C from Wells Fargo..BTW-this was a Fannie Mae backed loan.
Apparently Wells Fargo informed him this was due
Read more…We have had two recent approved Short Sales from SETERUS and OCWEN who have sent in Preservation Teams from (Safeguard Properties) to change locks and add their own combo boxes to the properties, without the knowledge of Sellers or the Listing Broker
Read more…I've looked at other questions, but didn't see any with this unique setup:
I have home listed as a short sale. I am not related to seller.
Buyer agent is related to the buyer(buyer is his mother). We get all the way up to approval of short sale,
Read more…I have a short sale that was just denied today by Freddie. Servicer is Flagstar. The borrower is married to Active military (husband not on loan). Husband received PCS orders for relocation in June. Flagstar told me today that Freddie denied the s
Read more…hey can anyone try to give me some insight on situation? I am trying to purchase a short sale. I put a bid on the house in on nov. 6 2012. We had not heard anything from bank until this past tuesday (march 12) what we had heard from listing agent was
Read more…Seller was given an option to market cooperative short sale using auction.com to market. I received agreement for seller to sign saying 5% of sales price was to be paid to Auction.com. This doesn't seem like a good idea to me. Has anyone completed a
Read more…I am the buyers agent on a short sale with Nationstar. We've been in contract for 5 months but do not have written bank approval yet. I was told two weeks ago that the bank had given us verbal approval of the sale with no counter offer. Earlier this
Read more…Team,
Have you registered with the above website and if so what was your experience of working with them and number of leads you've received?
Thank you
Read more…valuation disputes..if agents would like to join in on this very public site, maybe we can get some attention? I have posted my latest dispute..they have commented..lets keep the converation going!
Read more…In case you missed the it..this is a repeat...I am hoping to hear from someone who has any advice on this subject. I have an approved Seterus short sale on my own home. We are closing in 2 weeks. I am in the process of packing. When I came home l
Read more…Hello Superstars,
I have an unemployed client with and FHA loan. She is going through the loan modification process to satisfy part of the cascade, so she can request a short sale.
Bank of America is requiring proof that she is paying on her lien
Read more…UGH!! This was a very very bad idea! Should have never let buyers do this, but they wanted to because it was the only way Nationstar would pay their closing costs.
I need help here...has anyone else experienced the buyer using Nationstar for their n
Read more…I have a seller who was living in his house up until the time that he moved in with his girlfriend. He was renting his house out until the tenants stopped paying we are going to short sale the property. As for the 1099 will the property be consider
Read more…Has anyone got any advice for me. I did a SS with BOA that was approved and included reloc $30k to seller as well as deficiency release. The buyer walked. Another CASH buyer was found almost immediately for the same amount but the 120 marketing pe
Read more…I am starting a new file with Chase. I haven't worked with a Chase short sale in two years. There is a first and a 2nd lien with them. Does anyone know what the first with Chase will typically give to the second? Some banks max at $3000. Also what is
Read more…We're the buyers and currently in escrow on a bank approved short sale. We set a close date that both buyer and sellers agreed to, deposited earnest money. We made arrangements to move from Texas to San Diego--hired movers, sold our house, bought pla
Read more…
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