I'm stuck and can't get a unbiased opinion. I bought my condo for 260000' I owe 180000. I can make payments but don't know if it's in my best interest to stay or just "reset". Originally wanted to hold for a couple of years and either sell or rent it
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We have a Bank of America approved short sale on two loans. Approval come to close February 15, 2013 but negotiator told us to try to close by January 31, 2013 since the second loan file is set to be service released on 1/31/2013. Customer service
Read more…Any tips on who to escalate to beyond negotiator and asset manager? Complied with all requirements only to hear that investor is no longer approving short sale if owner is "able to make payments" and not in default. They countered on 11/2/2012 and cl
Read more…We have a USDA short sale that is approved. The buyer is getting USDA financing and of course USDA is behind. We've had one extension already. The buyer has paid for all inspections and we are just waiting for USDA to approve so we can close. We
Read more…Does the FHA cap past due condo dues? i have their sheet that says they pay them but the negotiator is saying they'll only pay $2500 which is part of the homeowner incentive. We are looking at $9000 in condo dues and when I look at the sheet of wha
Read more…Is the market such that you (buyer) always has to put 20% down now. I know a lot of complexes are not FHA approved anymore, but we were not originally going for an FHA loan. Now the problem we are running into is that a lot of condo
Read more…We submitted the offer on December 6th, December 27th got the counter from BofA. Counter accepted same day. There is only one lien holder on the property so how long more do I have to wait to get the approval?
Read more…Has anyone dealt with them under the BOA Cooperative SS program?
I have a client who was contacted by them and he said he does nothing without his attorney's approval. They then went around him (and I) and contacted the listing agent directly with
Read more…I was told yesterday by my negotiator that Nationstar does not waive deficiency and that I need to address with them after the short sale closes. Does anyone have an approval from them with waiver of Deficiency language in the Approval documents?
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Read more…I have a question for all the superstars out there who have some experience in this topic.
When a seller has filed for a BK and it has been discharged decides to do a short sale, how long after the BK is the seller exempt from disclosing financials
Read more…Hi all.
We are getting close to purchasing a short sale, and they have a nice built-in BBQ that is NOT included in the purchase. Are we allowed to purchase the BBQ from them?
Read more…Hello all,
Has anyone had success with Ocwen or Bank of America allowing more than $6000 to second lender?
I contacted some of the Ocwen people listed in other forums, and I am now told that BofA (the investor) may allow 10,000. The loan was origina
Read more…Hi everyone, my name is Wayne from Jacksonville, Florida and I'm a newbie here… I am looking forward to exchanging sincere thoughts and ideas with you all… Have a great day ahead!
Read more…I have a BOA short sale (Fannie Mae investor) that REDC is servicing. After a couple offers that fell apart REDC gave me and approved list price of $107,200. Mid Nov I received a full list price cash offer that I thought would go right through -- Wro
Read more…We have a straightforward real estate transaction that we would like to complete. This is not considered a short sale. However, an IRS lien attached to the property does indeed make this a short sale if paid off in full.
I've done some research and h
Read more…Good morning! I am assisting a homeowner in doing a short sale on their property in which they have owned since 1984. They refinanced in the early 2000's and then took out a HELOC to do some renovations to the house. They do have a financial hards
Read more…Can anyone tell me with a borrower can still qualify for HARP if they're in active Chapter 13 BK? Thanks.
Read more…http://josephalfe.com/2013/01/short-sales-up-or-down-in-2013-yes-maybe-or-something/
http://facebook.com/shortsaleprocessor Please stop by and "Like"
Short Sales Up or Down? Yes. Maybe. Or something
Somebody once said, “There are lies, damn lies and
Read more…Good Morning, I have a deal where ING is the lien holder. They rejected our 1st offer of $80,000 and countered us back to $100,000. The buyer walked and we received a new offer from an LLC for $100,000. ING rejected the offer because the buyer is
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