The buyer for a short sale was brought by his sister, a local broker.
The lender is WFB--is there any way with full disclosure that this deal can be allowed to happen?
Read more…Seller listed with another agent July 31, 2012. Received low offer, CHASE requested comps to support offer, agent did not and after waiting for the agent to comply with no comps, the buyer walked and the seller fired the agent and got an uncondition
Read more…Need a fresh set of eyes on a CHASE FHA. 12k in Credit card liens of which I was able to get concessions down to 8k (no more room from CC companies) I have a seller willing to pay the 8K in liens and still hit the FHA NET of 81k yet FHA only allows $
Read more…I have been running into title problems with servicers such as Green Tree and Seterus who are negotiating on behalf of entities like BOA. BOA seems to be releasing more often but do not follow with a Mortgage Assignment, which is problematic when get
Read more…What's the liklihood of getting an FHA approved waiver to pay closing costs for buyer that is either non-FHA buyer or needs more than the 1% allowed? what about waiver to pay for Termite and moisture repairs needed to obtain the clear termite/moistu
Read more…I am a buyer and have been relying on your site for some time now and it has helped tremendously. With your guidance I thought I was nearing the end and the fabled approval letter, however I received an email yesterday that has made me think we are
Read more…Hi Guys,
Does anyone have E*Trade short sale forms and contact information? Thank you!
Wendy
Read more…Has anyone worked with LRC a 3rd party for BOA. They are a joke......They are so complicated and know nothing about equator. Today I get a message offer currently in review. What offer??? I havent even uploaded an offer. I been fussing to upload sinc
Read more…When I began this short sale I submitted the package to Wells Fargo and US Bank at the same time. Wells Fargo came back and said the short sale was denied because they would be paid in full from the proceeds of the sale. It took 6 months to get the
Read more…I'm hoping for some quick clarification. I know the HAFA program effectively ends on 12-31-12. My question is: does the SS need to CLOSE by then... or can an accepted offer continue to work through until the Buyer's loan closes?
Any guidance is welco
Read more…This is my new article explaining what is happening and what to expect-as well how to handle the uncertainties regarding the expiration of the tax protection that covered some sellers. Please leave a comment or visit my Facebook page (Don't for get t
Read more…I have a HAFA approval with B of A. The seller is receiving 3k for HAFA incentive and also a HIN incentive of 5,600. The seller has a 2nd and 3rd lien which of course are requesting more than B of A will give them. The seller is willing to use the
Read more…Does anyone have an upper management contact at Fifth Third Bank? I'm trying to help get the buyer's loan docs out so that we can close on my short sale listing. Any help is much appreciated!
Read more…It is an all too familiar scenario: Short sale seller is caught off-guard by the quick offer and can't find suitable housing in time for closing.
I have an FHA Seller who is about to bail on our current offer because she can not find a place to ren
Read more…I got a Listing where the lien holder is Bank of America. The owner moved out and the bank changed the locks in the property. Can I still show and sell the property? The sale date is December 28, 2012.
Read more…My Seller filed BK - 7, and it was discharged including the house over a year ago. The lender is Wells Fargo, and they have countered the offer with a new amount, and a Promissory note of $43,000. The seller still is on social security, doesn't hav
Read more…Freddie is asking for a seller contribution:
1st and only lien holder is IndyMac, no 2nd. Pay off is 186k. Offer is 150k. After analyzing the offer, negotiator comes back with:
Freddie Mac needs (removed Seller name) to contribute $3,000 cash towar
Read more…I just spoke with a Bank of America representative regarding compensation for short sale negotiators. She told me that BoA will pay compensation to attorneys, title companies, and other non-realtor 3rd party negotiators for their services in negotiat
Read more…Hi All, Looking to get ideas on short sale lead generation. I've been getting good referrals from friends/past clients, but my client base is not enough for my goals. Anyone with suggestions on an effective system to supplement Short Sale conversion
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