I have a question at the bottom of an approval letter states: Important Notice Required by Law: Federal law requires us to notify you that (a) Lender is considered a debt collector, (b) this is an attempt to collect a debt and (c) any information obt
Read more…We need to escalate on a file. The name of a decision maker in the Chase Recovery Department will be appreciated.
Needless to say we will owe you one.:)
Read more…I'm the buyer
SS was aproved at 340k to the previous buyer but failed to get mortgage. I offered 349k...9k to cover my closing costs but the file got transferred to Nationstar.
Nationstar wants 355k plus wants me to pay realstate taxes and 8k jud
Read more…Has anybody closed a short sale with M & I Bank / aka now BMO Harris Bank where they forgave the deficiency amount? I see a comment in the email they sent the client with the financial paperwork forms and doc requirement lists that says this:
"*** P
Read more…What is the reason they are coming in so low? I do keep reading how low appraisals are interferring with real estate deals everywhere across the USA, but part of me wonders are lenders lowballing appraisals too? It is hard enough
Read more…WF sent seller RMA docs to home. Seller Out of country for funeral. By time received by seller, date to return forms expired. Seller filled out & sent anyway. WF sent me request for offer to purchase. Don't have offer because requested pre-approved H
Read more…I have a short sale listing with ocwen. The owner said they have a hearing tomorrow, Thursday and it will be pretty much over and done with and on to foreclosure. I'm pretty sure I have an investor who would offer 60% or so of market value or. I thi
Read more…Hi I had a short sale approved through DTS ( from BOFA)- the file was service released and is now with Service Link. I am trying to see if we can continue with service link or need to start over.
No one calls be back and I just get transferred and
Read more…I am the buyer.
SHORT SALE - BANK OF AMERICA.
Seller's loan thru BOA was FHA.
My offer was accepted by seller and under contract on July 9.
Bank of America accepted our offer on Nov 27.
Now I am waiting for HUD approval.
How long can I anticipate th
Read more…Wondering if anybody has a contact with PNC to push a file through. We've done everything the negotiator has asked. Unfortunately, she has decided to be belligerent on every phone call, and I can not get answers. I've stayed on the phone (hold) fo
Read more…Please help. I have a client in Murrieta, CA that is trying to apply for a short sale with B of A and has been since March 2012. It is an FHA mortgage, so it occurs to me that we need a denial on a loan mod 1st… but the real issue is that the accou
Read more…Auction sale 3 days away. Is it too late to negotiate a halt to the sale and start a short sale listing? I am in contact with the homeowner. They havent really tried any remedies yet with their lender (American Brokers Conduit) ... were overwhelmed
Read more…I have a first with Nationstar and have approval. The max they will pay and allow the 2nd to get paid is 6,000.
I have the approval from the 2nd with a payoff amount of 13,500.
The buyer was willing to pay the difference in escrow but the 1st is mak
Read more…An agent in our office has an approved Wells Fargo short sale, but can't get to the closing table because of a previous unreleased deed of trust from Nationstar. Sellers have documents to prove that Nationstar was paid off when they refinanced with
Read more…Both my seller's got divorced earlier this year. Unfortunately, after receiving approval, I find out the husband has an unpaid tax judgement against him for about 70k. He is not on mortgage, only on deed, but obviously this will prevent us from movin
Read more…Like a lot of you, I have been hoping that congress will move on extending this Act, so that any deficiencies on the short sale of the principal residences are simply rendered non-taxable for federal purposes.
Unlike many of you, I'd guess, I don'
Read more…Submitted SS request through Equator on a HAFA eligible property
Got denial 7 days later , said it was due to credit and that investor does not participate in HAFA ?
Client is in chapter 13 , attorney will get trustee approval , home is upside
Read more…Hi,
I currently have a homeowner with an Auction Date of 01/04/2013, his property is worth at least 950K, he only owes about 400K to Wells Fargo, only 1 lien holder. He has commission coming in later in January in an amount of more than 200K, which
Read more…Hi everyone. I need all the advice I can get. I live in CT (wanted to mention the state). Back in July, my husband and I put an offer on a short sale condo that we love. Waited, and waited......We are first time homebuyers.
Read more…I have a listing with 2 liens (Nationstar ($78K & GMAC $30K). Since I knew the offer was coming in, I called Nationstar & GMAC to give them an update. Nationstar is set foreclosure date on 1/1/2013. They have informed me that since sales price covers
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