Has anyone had Bank of America approve the short sale and accept a back up buyer right after the first buyer backed out? They call it a "soft decline" and it's been two months since the new contract was accepted with the buyer paying more money for
Read more…4.5 months ago my husband and I submitted an offer on a home listed as a short sale property. It was quickly accepted by the seller (on Oct 6th, 2012). About a week later on Oct 12th we got an email from the sellers agent and attorney that "the offe
Read more…Just closed a short sale with NationStar yesterday via Equator. I got the deficiency judgement waived for the seller. I initiated the sale on Oct 15, 2012. We should have closed at the end of Jan but had to wait on the buyer which seems to be commonp
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I have a client who needs to short sell but wants to stay in the home and lease it back with option to buy back. Been denied for loan mod twice so we recently applied for HAFA.
So does the short sale leaseback program work? Since ultimately the cli
Does anyone know the validity of this? Greentree told me that when the file goes to charge off that they can ask for whatever they want and do not have to waive the deficiency. Is this true???
Read more…My coach strongly recommended getting Equator Platinum Certification, which is $499. If I get one deal from this certification, it is worth paying money. I searched the discussion in SS Superstars, and it seems to be only negative experience, but di
Read more…Hi - Does anyone have U.S. National Bank REO standard blank contract, addenda and checklist? Please email to me at itswendy@rulnickrealty.com. I have a buyer who wants to be "prepared in advance".
Thank you!
Wendy
Read more…Hi,
My daughter is going through a short sale serviced by Seterus. The short sale was approved on 1/7/2013 and she was given until 1/30/2013 to close. Her lender said it would take at least 45 days to close so she objected to the 1/30/2013 date but s
Read more…This post will serve to gather a list of all the states that require a real estate license to negotiate short sales.
Read more…Hello:
My X and I are in the SS process of our primary residence and now she decided to file for bankruptcy before it is closed. It's still in the process of being completed.
I would like to know if anyone else has experienced this.
Both of our cre
Read more…Anyone have an escalation contact for a Seterus short sale? It would be for a first time extension.
Thanks
Read more…ONLY 3% total commission on a short sale when there is dual agency ?
First of all, are investors on loans allowed to cut commission to as low as 3% total if the agent is representing both buyer and seller?
Second, are we allowed to ask the invest
Read more…Over the last few months, it has become apparent that Fannie Mae is more interested in foreclosing than approving short sales. The scenario is the same over and over again. The BPO comes in at one price and Fannie Mae adds 20 or 30% and says that i
Read more…Does anyone have the new escalation emails for BOA. I've tried all listed in our header but all have bounced back to me, including: jaxhelocshortsales@bankofamerica.com, fs.escalation@bankofamerica.com, escalation@bankofamerica.com, escalation.tool.s
Read more…Is anyone using a dedicated short sale website to generate leads? How effective is it? I am considering signing up for one but wanted to ask the experts on this site first.
Read more…Doing a short sale,
Downloaded package, sent everything in.
I called them and they told me that I needed a different package because the loan is a Freddie Mac.
They said that they would send me the package in 24-48 hours.
I didn't receive it.
Since t
Read more…This SS is a conventional loan with Wells Fargo Financial a different division apparently than the bank or mortgage department. The short sale is not processed through Equator.
The seller has provided all of the documents needed twice to the Wells Fa
Read more…So according to my negotiator at Service Link, BofA has a brand new guideline: All short sale buyers must provide proof of funds for Earnest Money & Down Payment at the time we submit the offer. (in Oregon EM is not deposited until we have ss approva
Read more…Ok... here goes....please, I HATE politics and rhetoric, but at some point you just wonder: "When is enough just enough?"
I've been reading about the overstated Fannie Mae values. I have experienced and witnessed overvaluations first hand on SEVERAL
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