AS a gent who has completed over 30 short Sales in AZ and Now recently licensed in Florida. I have heard it is such a Lawsuit happy state that most agents do not do short sales in Florida because it is not a matter of getting sued for practicing law
Read more…I am being given a listing now over a year old another realtor has been trying to push through a short sale and finally had enough. I'm a new CDPE and SSSS. No closing's as yet. This is 5th listing.
The buyer, who is keeping up with the legal
Read more…We have a foreclosure date of 2/19/13. We just discovered that the home is being service released on 2/15/13. We are TRYING to figure out who it is going to, but in the meantime, we are trying to figure out if we are wasting our time with the Equat
Read more…I am trying to close a short sale with OCWEN as the only lien, seller is approved for HAFA
The lender/negotiator has been asking me for buyer POF for a number of weeks and I have asked him what does he need other than the lender letter which he has h
Read more…Hello all, I have been reading posts on here for a while and I thought I'd post on my situation to see if you think I am wasting my time and should move on or if I should stick it out.
I am the buyer.
Short sale with 2 loans. 1st with Flagstar 2n
Read more…Two years ago a short sale was performed with a BB&T first lien only. Mortgage balance was 2.2 million. Short sale price was 1,925,000.00 BB & T accepted the wire and funds in 2010. No short sale letter was produced. Deed of Trust was released.
Read more…Wow, what a nightmare. Does anyone have a direct number to higher Management? Our loan was transferred to SPS back in September, after B of A actually gave us a verbal approval. I realize it was only a verbal, but we were told then we would have t
Read more…Hello All, I would like to get your advice regarding the force placed insurance. In this scenario, I was the seller on this short sale transaction. My home insurance was canceled on Nov 9th 2012 when they found out that the property was vacant. But t
Read more…I put in an offer on a short sale back in August 2012. Just recently I found out that Bank of America has approved my offer but it now has to go to the investor for approval, which is Fannie Mae. At this point I am wondering how long it should take
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Is this a do able short sale?
Comments, suggestions welcome!
Read more…I am so completely lost about everything that's going on with HAFA. . .Is there a resource that anyone can recommend explaining the Fannie/Freddie as well as NON Fannie/Freddie options and when each takes effect. . .
Read more…DOES ANYBODY KNOWS IF BANKS ARE PAYING THIS MONEY ALSO FOR OWNERS THAT SHORT SALE THEIR PROPERTY OR IT IS ONLY FOR THOSE THAT THEIR PROPERTY WERE FORECLOSED?
Read more…Act now before this problem results in your short sale failing and your client being foreclosed despite a full market value offer and months of work on a short sale as a good mitigation solution.
Let your voice be heard,
Please press NAR as well a
Read more…AGENT Can somebody please help. I was at what I thought was the very end of a short. The negotiator stated in an equator email that I would have an approval within 48 hours- 7 days the absolute latest. Instead of that happening I was emailed by the n
Read more…Two questions?
1) Concerning divorce, does one qualify for a hardship at the time the divorce is filed or after the judgement has been made?
2) Does anyone know if wells fargo has a no doccumentation short sale process. I have a client that makes
Read more…Just when I thought a client of mine was going to be granted a principle reduction through the DOJ $27B settlement, the rug got pulled from under them.
They were initially told they were awarded the DOJ principle reduction a few weeks ago. Shortly a
Read more…I doing a commercial short sale with Zions Bank out of Utah. Does anyone have any information on where to begin? Thanks
Read more…I had a listing referral from Cartus Asset Recovery for a SunTrust "short sale" that isn't short. I have an offer that will satisfy first and negotiated second mortgages.
The seller is an estate.
When Cartus was in charge, I was told that if we only
Read more…Suntrust first Fannie is the investor. Full price cash offer which was sent to Fannie via Cartus about a month ago. As of yesterday there was still no word regarding foreclosure sale date being postponed and I can't get any Info from Suntrust, Cartus
Read more…Wells Fargo has countered an offer on my listing in a highly distressed area by over 50% of list price. I submitted a detailed CMA to them with 9 comps all within the past 3-6 months all of which were closer to 8-12k yet they say that they believe th
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