My wife and I are trying to purchase a home that is very near and dear to us which is currently in a short sale/foreclosure status.
I am frustrated beyond belief with this and in searching for answers on the net; I came across this site which seems
Read more…Iker de Carlos, a 22 year old locksmith from Pamplona, Spain has started what has become a major rebellion against Spanish banks. Locksmiths
THE ASSOCIATION ATTORNEY IS REQUESTING A FULL ASSOCIATION BALANCE PAYMENT AT CLOSING EQUAL TO $12,000, BUT MY SELLER INCLUDED THIS BALANCE ON THE BANKRUPTCY CHAPTER 7, WE ALREADY HAVE THE DISCHARGE LETTER.
THE ASSOCIATION ATTORNEY IS THREATING US TO
Read more…I know they are harder, and even though we got thru the short sale hurdle (that was easier compared to whats going on now), but now I figured out exactly what is holding up my end (there is unexpected probate stuff on the seller's end tha
Read more…Hey Superstars,
I have a question, just like the title states does a discharged bankruptcy affect a seller in receiving a incentive from the lender? I currently have a short sale in with Nationstar and I was told by the negotiator that they do not
Read more…
In my opinion.....no...it’s not.
And here’s why. The Lenders want as much money as possible for the property. They want the property exposed on the open market to attract a Buyer at the highest price possible. They want it to be an “Arm’s Length
Read more…Good morning Superstars.
So you have been working for 4 months to receive short sale approval only to have the buyer walk. As a short sale listing broker myself this is the most frustrating part of the short sale. All my hard work for naught. Plus i
Read more…DO ANYBODY KNOW WHAT IS THE GUIDELINE USED OR REQUIRED BY NOTIONS STAR MORTGAGE AFTER SHORT SELLING A PROPERTY? IS THERE A STIPULATED TIME FOR THE BUYER TO RE-SALE SAID PROPERTY??
Read more…Hello, I am buying a home where Bofa held both leins. In the middle of the shortsale process, roughly 11/14/2012, 16 days before our first closing date, we found out that bofa sold the 2nd lien to GT. Needless to say, we went past the first closing
Read more…Hi everyone. I am so sorry I keep posting here, but we are trying to buy a short sale, and even my realtor said today, if its not one thing, its another. After the SS bank approved everything, now we find out there are probate issues
Read more…We are representing a buyer on a short sale. The listing agent is negotiating the short sale. REDC is the lender/lender's representative. According to the listing agent, REDC is requiring (through Equator) that the buyer provide:
* the first 5 dig
My short sale sellers have cleaned up some credit card liens on the house, but one stubborn company won't budge. We usually will not list prior to these liens being paid or at least removed from the home. We know the lenders won't pay (about 12k).
Read more…Can anyone give me a good explanation that I can pass along as to the benefit of the service member signing this waiver? I sure cant get a good one from Wells Fargo
The form is attached.
Thanks
Read more…Looking for some help people....The property had been approved by Bank of America for $535,000 and HAFA approved with a 2nd mortgage also accepting all terms. Set to settle January 17th. Then the Buyers mortgage company's appraisel came in at $505,00
Read more…Short sale initiated. JMA services left note at home stating they are working for BOA and want to visit the home and get paperwork filled out by seller in person. Has anyone heard of them?
Read more…I just read and followed Annette Bixler's advice regarding how to find out who the investor is on a loan at https://www.mers-servicerid.org/sis/index.jsp
In running the information for a client on a supposed B of A loan, the feedback from the site ga
Read more…I am just begining to start the process with a 1st at Guild Mortgage (which I see from some posts here that they are the processor for CalHFA loans).
Does anyone have a history of how much CalHFA will demand for a successful short sale approval so I
Read more…Hello short sale experts!
Wanting to get some opinions on the extension of the mortgage forgiveness debt relief act beyond 2013. Although we were able to avert the fiscal cliff last week, the large federal deficit calls for more budget battles ahead.
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