Hi everyone. I love this forum,a nd originally came here when I was involved in a short sale (buyer). After waiting for months, having the bank say yes TWICE, come to find out the deceased seller's family never did probate paperwork,
Read more…Let me start off by saying I think this site is amazing! A while back I requested from Short Sale Superstars a contact at Carrington Mortgage Services. Not only did I get a name, but I received an email from the Executive Vice President of Carrington
Read more…I just had this lovely cooperative short sale all set up with a cash buyer. Sent him the Bank of American buyer's disclosure when lo and behold buyer is an executive with Bank of America. What is the reasoning behind them not allowing their own to bu
Read more…Hi I have an out of state investor that might get HAFA approval. I really don’t know the benefits of a non-owner occupied seller going HAFA. Please help.
Read more…We purchased a short sale property last year (october). We just had some water damage due to freezing water and after I requested a clue report I discovered that the previous owner has filed the same claim with his home insurance back in 2008. Is the
Read more…I have a short sale and freddy mac is saying even though they have a current up todate Apprisal report they want $50k more. Now this is being told threw the servicing company. Does anyone have a good number to freddy mac?
Thanks Matt
Read more…I have client with an FHA loan which I am doing a short sale through B of A.
We have accepted contract with buyer and seller. I sent into B of A and they confirmed receipt on Jan 29th. It's Feb 21st now and I am trying to reach the SS Negotiator to
Read more…I have a short sale listing where Everhome is the mortgage company.... 1 loan... and clients moved out of the state of california to wyoming on a job transfer. long story short, 8 months later, my client's original loan was 225000. The house is cur
Read more…I have a $180,000 short sale contract with a B of A first approval paying $6000 to Chase on their second. Chase has had the HUD for 2 months with the $6k payoff, now we are set to close in 4 days and Chase wants $30,000 to clear the $114,000 secon
Read more…Does anyone have a contact at Carrington Mortgage Services? Email is preferred, if possible. I promise not to give away the source of information unless desired. Thanks for the help!
Read more…Hi guys,
What do you tell homeowners when they are wondering whether to short sell their homes now or wait until it breaks even? I have my own personal opinion on this: www.seattleshortsaleblog.com
Because we are seeing a spike in appreciation rate w
Read more…Hi, I'm working on a short sale listing that has been in contract for 4+ months. The original servicer was Bank of America and then transferred to Seterus a few months ago. We were required to use LRC to facilitate the short sale and negotiations. Th
Read more…I am negotiating to have owner approve short sale offer amount . The owner is moving out of country and doesn't want to take furniture with her and wants to sell it. Hence I want to leverage my offer as follows : All cash, no inspection, $x amount
Read more…Brief history:
- we are the buyer - an amazing place otherwise would have bailed long ago
-made offer in March 2012.
-submitted to Wells Fargo (old Wachovio loan) for review
-two months go by, sellers declare CH13
-that halts everything until Septemb
Read more…Ok Let me give you a little history to this BOA file. Everything has been handled in Equator. When first negotiated the homeowner qualified for HIN plus HAFA so they got both incentives which was submitted to the investor for approval. I received
Read more…2 liens - short approx $10-15K - would you approach the first or the second lien holder to request a short sale?
Read more…I need to know whether you all think it is worth trying to proceed with this short sale. The "short" story is:
I represent the buyer. Made an offer in March, which was accepted by seller. Listing agent apparently never submitted the whole package,
Read more…I have a file in process with Cenlar and received an email from the negotiator indicating that the file was being sent to an underwriter for review. I have never heard of anyone involved in short sale processing as an underwriter. Any experience?
Read more…Help-
I'm getting conflicting answers----I understand that an owner of a short sale cannot buy back there property at a reduced price, etc etc--however, I am told that they can lease back from an investor.....Please help me understand the law and s
Read more…The most difficult short sale I have had was an $800,000 property that had 3 mortgages and IRS tax line and a creditor lien.
I was able to successfully close the sale with pay off of pennies on the dollar on the third mortgage and the creditor lien.
Read more…
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