I am buying a short sale. BANK OF AMERICA FHA.
Been under contract since July 2012.
BOA had me sign and addendum promising that I will settle on or before Dec 23, 2012.
So I told my landlord I would be out by the end of the year. He found new ten
Read more…One of my sellers is being "offered" Auction.com with Bank of America. Can anyone provide input with their experiences?
Here is their sales video Auction.Com Sales Presentation
Read more…Approval conditions came back with "Fha will not pay buyer broker commission because buyer's broker related to buyer."
I knew this was so with seller's broker, but buyer's broker? Any thoughts on this?
Read more…Short Sale House - my agent is also listing agent. ---
August 2012- offer submitted at 230k (and pay 3% closing costs)
October 2012 bofa countered at 235k (and pay 3% closing costs)
October 2012 I accepted their offer
October 31st got the Short Sal
Read more…Please help me! I am the buyer of a short sale property in NJ. Short sale was approved, all inspections done, everything is wrapped up to close. We were just informed by our mortgage rep. that the Short Sale letter was not signed by BOA and we will
Read more…Is anyone aware that Green Tree Lending is requiring a Seller to bring their mortgage current before they will consider a short sale? Green Tree is being difficult and has 4 offers in 7 days on the market and will not accept any of them. They are no
Read more…Property is in AZ. Key bank has a second and will not approve the ss. The owner has send in 4 budgets with supporting details and they keep on asking for more docs. They told them they want actual bills for their expenses including entertainment, fue
Read more…Borrower is deceased, reverse mortgage. Lender (small regional bank) is calling the note due and has said a short sale is an option, but the sole heir/PR is occupying the property and wants to be the buyer.
Can this pass an Arm's Length test or no
Read more…I have a potential seller that will participate in a short sale if they are able to get the relocation bonus. HAFA was $3500 and that ends on December 31st. It is with Chase and in AZ which is a non-recourse state. I know there are no guarentees b
Read more…I posted some about this the other day, but we put an offer in on a condo back in July. Didn't start hearing from the bank (citi) til Oct. In Nov, they approved our offer, then of course, our lender does (another appraisal) , as 3 months h
Read more…HSBC is a second lien holder on my deal. HAFA approved. Offered $8500 by 1st lien Holder BOA. All they needed was a prelim HUD, listing agreement, 1st lien holder payoff, and sales contract. Wow...now that was quick. Now if we can get the 1st lie
Read more…Hi,
I'm trying to help my sisters BUY a SS home in Chicago, IL. The seller mortgages are with PNC Mortgage. PNC agreed to the sale, the price, everything. I was on-track to close today - 12/18, until Friday, when my mortgage company pulled final
Read more…I went online to see if I could find a Bank of America, FHA, short sale success story, but I could not find any thing. Everything I read is negative.
Can any one offer any hope to a buyer that is waiting for HUD to approve a short sale? I can't find
Read more…On EVERY file I initiate in Equator for BofA, my initiation docs task gets rejected or my docs are unacceptable. The docs are DL'd directly from their website and are fully executed properly. Once I complete the task for the 2nd time with the same ex
Read more…I use Top Producer, which makes it easy to schedule tasks, like emailing updates to buyers agent. Does anybody have a general checklist they could share? Obviously, there's no one-size-fits-all, but most short sales are going to have some common comp
Read more…we got an offer sheet from BoA and they approved the sale price.(30jul2012)
they said that the deal will go to Investor for final approval (or rejection)
does anyone have any idea about
1. what is the probability of investors approving the short sa
Read more…Hello all and happy Holidays.
Is the buyer entitled to see a copy of Fannie Mae approval letter?? I feel like before going forward with home inspection and such that a copy of the approval should be provided.
My daughter is involved in purchasin
Read more…Does anyone know (or have experience with) if I can do a short sale with a HECM for purchase if I am the surviiving spouse and heir to the property involved - and over 62 yrs of age.
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I am an investor and recently a property caught my eye.
A similar property in the same community I really like was available some time back but I walked away from that deal due title issues and mold issues.
This one is a bigger unit, an end unit, a
Read more…Greetings everyone and thank you in advance for your responses~
I have a short sale listing Green Tree is the servicer and Fannie Mae is the investor.
Property listed at $140,000 and very clean offer at $140,000 no closing costs or anything addition
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