I have had issues with one Appraiser in my area. He always comes in 20k higher than FMV making it impossible to sell my properties and get an offer. To protect my clients, I have made a decision not to let this appraiser into the property to do the
Read more…I am a preforeclosure investor. In the past one of my main incentives to convince owners to sell to me through short sale was that government funded programs were in place that would give the qualified homeowner upto $10,000 to close before auction d
Read more…Hello,
I was curious if other members have recently been successful in appealing to Freddie Mac allow more than $6000 to a 2nd. I have a WF 1st approval and Ditech 2nd, borrower has some assets and 2nd won't budge below $15k and really will fly the p
Read more…Hello All,
How long on average are Wells Fargo short sales taking in 2017? We have had an offer in since February 7, 2017 and have been told our offer is in line with ATP...still not had approval. Moving for a second time because our temporary hous
Read more…Hi there. I have had success moving applications along in banks by escalating issues to supervisors or even executive offices if I hit a road block at the case manager level. I am having huge frustration with PNC. The application requirements were
Read more…Hello, Can anyone give me a glimmer into the shortsale world.
I have never marketed for shortsales, Do you?
What has worked best for you?
Which servicers are better than others to work with?
Listings are tough, trying to get some.
Can anyone point me
Read more…1) Make sure you always add 3% recurring & none recurring fee closing cost credit from seller to buyer on your hud. 99% of lenders honor that.
Hey guys. Need some help. HOA foreclosed on my sellers house last week. HOA was owed about $11,000 but the HOA sold to a 3rd party for $56,000. Seller has about $200,000 in equity and has a first mortgage. Property is in Florida. No clue if I can hel
Read more…Hi All:
I have been doing short sales as a paralegal for over five years. I now have my real estate license. I have a potential listing for a property in my area, its will be a short sale. However, the seller has a co-borrower who is a parent.. Anyo
Read more…I am listing a property with a Loan Modification serviced by Nation Star. Has 2 loans and was told by seller they applied for loan mod and their statement with Nation Star only shows balance from the 1st loan. Ordered Pre-escrow and prelim still show
Read more…Dave Sahlin, formerly of Titanium Solutions, is soliciting former Titanium HRCs to work short sales for Fannie & Freddie after signing up for $89 annually. He calls his company Horizon Solultions Online. Who knows something about this?
Hi I am new to listing short sales but I would like to be a prefered realtor for banks for there customers who have reached out to the bank and asked for assistance and have been advised to do a short sale. I know that Caliber and BoA has that type
I have a distressed homeowner who is interested in selling his home to me as a shortsale. He is upside down on his mortgage and has experienced financial hardship. (Lost job.) Yet he does not live in the residence, it is not his primary home. Will th
Read more…I have initiated a short-sale with an FHA backed Pacific-Union loan on a home with a May 9th sheriff sale set. They said they can't recall sale till have Title work and appraisal back in which may take it past the 9th, and seems to be a push into the
Read more…Back in December My wife and I put in an offer on a Short Sale. Yesterday my Realtor advised us that the sellers bank had completed the appraisal (Original loan is a VA loan) and our offer was too high. They advised us to re-submit for $40K less than
Read more…Has anyone dealt with Flagstar? I'm so frustrated with them. I'm working on a shortsale and we got to the point of having an appraisal done. They took a month and a half to let me know what they want to do. Here is my problem. The valuation was too
Read more…Anybody know of a loan modification department for wells fargo? Do you have the number by chance? Thanks!
Read more…Hello:
I am looking for a recommendation on who to use to search for new pre-foreclosures and auctions in Palm Beach, Broward, and Miami/Dade counties in South Florida. I am not looking for a free site. I am aware you can search with RealtyTrac, b
Read more…Looking for a tax professional who has experience with the application of Mortgage Debt Relief Act. I have a very large short sale. The contract was signed in 2016, hence the Act still applies.
I know there are several criteria and wrinkles, but o
Read more…Hello, its the 2nd time i hear from a lender that the hafa relocation incentive is no longer avaiable since december 31, 2016. Has anyone heard of this. Bank of america and specialize loan service just advice me to remove it from my hud one..please a
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