I have clients (husband and wife) who have an LLC and want to purchase the wife's parents 2 properties through the LLC. Any advice? The wife still carries the same last name (maiden) as her parents and many times I see banks asking for their Articl
Read more…As NC Realtors, I list and process my own short sales, but I also process short sales of agents that belong to other agencies. I do this under the short sale negotiating attorney they have retained to help their seller.
I am starting to see a decrea
Read more…Decision time! We offered full price cash, and GMAC's investor countered $30K higher. Would you counter again, like $10 K below their high counter?
We need to make a decision today. Any opinions welcomed!
Read more…So the SS condo we love we were prepared after months of waiting to let go. We overcame a variety of issues (lower appraisal) but then there were unknown probate issues, and a battle with over a yr of unpaid HOA fees. I even got th
Read more…I am a buyer with approved short sale and currently in Escrow. Our agent is a dual agent for us and the seller. He is helpful and things are going smooth.
But I still want to know if there is anything to watch while dealing with a dual agency. Me and
Read more…Right now, I like Wells Fargo. Bank of America and Chase are WAY to horrific for me right now, but if you had to pick your #1, who would it be?
Read more…We 'process' short sales in NC under various attorneys, and 'negotiate' short sales in TX under our own umbrella (an attorney is not required to 'negotiate' in TX as it is in NC). Sometimes lenders pay all of our processing/negotiating fee, sometime
Read more…Here is the deal:
1st Mortgage: Carrington
2nd: None
Auction Date: 3/1/13
Offers: 0
Carrington has stated that they will not do postponements, and they need at minimum 30 days to process a short sale. That only gives me a few more days to get an of
Read more…We have a Fannie file with Bank of America as the first mortgage and Chase [equity line of credit] as the second. Bank of America says that they will issue us an approval letter, giving the second $6000, as soon as they get the approval in writing fr
Read more…Need some advice... I have a short sales with Seterus as the 1st and BOA as the 2nd. At our current sales price, we will barely clear the 1st lien so nothing left for BOA. Of course if the transaction goes another couple of months this is a moot p
Read more…Does anyone have an email contacts that they can share with in dealing with Green Tree been trying to get a short sale approved will be a year in the making at the end of the month.
Read more…Is there any differene between a promissory note executed by a borrower at the time of a short sale versus the original promissory executed at the time of the purchase?
I ask this because many short sale clients will file bankruptcy if the lender c
Read more…This is fun. These are the numbers for house values from Dec. 2011 to Dec. 2012. These numbers may be enough to bring people out from under water mortgages, under water meaning the value of their home is less then their mortgage amount, and into equi
Read more…My military seller is going overseas iin February. His wife and daughter will need to relocate locally. They need money badly to move the family into a rental. Any experience/knowledge about ability to obtain relocation assistance for the family w
Read more…I am representing a seller in an attempted short sale. BofA has had me register with Equator. Seems to be a good portal for communications between the bank and me on the process. Hope the bank can make a quick turnaround on an accepted offer. As fo
Read more…I am looking for some printed material to share with my clients who are contemplating letting their home go to FC. I am talking to them about the advantages of a short sale, but could use some great printed material or links to actually send them.
Read more…Hi All,
I have a closing tomorrow on a short sale that unfortunately I've been working for almost a year. (two servicing changes!)
So now the day before closing, the closing attorney tells me that First American Title will not allow him to sign the
Read more…Hi guys,
Just got short sale approval (excited), my lender wants me to get quote for homeowner's insurance and send them a copy of the information. Do you guys have an idea that which company is less costly in terms of homeowner's insurance?
It would
I have a file that needs escalation and would like to know if anyone can help with contacts?...HELP!
Read more…The owner of a property is losing the property to a short sale. The Owner's parent is a licensed agent. Can the owners parent request and receive a referral fee? Is this relatioinship too close or is a referral fee fine? If HAFA is paying relocat
Read more…
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