It's been my practice in the past to have Buyers Agents not do inspections until after the Written Approval has arrived. I know that some other "Superstars" recommend getting the buyers to do inspections earlier, to get some "Skin in the Game". I m
Read more…Short Sale Superstars 0 0 Delete Chapter 7 BK short sale? by toni blount 15 houSeller filed Chap 7 Bankruptcy & Seller filed Chap 7 Bankruptcy and is fully discharged. Trustee removed seller's primary residence & investment property from BK filing s
Read more…I have full Short Sale approval from a GREAT negotiator at Chase. They requested close within 30 days (Dec. 21). Now file has been handed to Chase closer, who called me to threaten that if we don't close by that date, it is likely that they will no
Read more…Need 2 agents in Mendocino County and Monterey County to refer short sales to. Please email me jessica@keysignaturegroup.com.
Read more…Hi,
I would like to get some feedback on what is the appropriate route to take when a SS is submitted to the bank, the buyer complete their inspection and saw something they didn't like, then comes back and ask for a price reduction in the inspectio
Read more…Hello All -
We've read some comment streams stating there were new short sale lender numbers, forms, email addresses, etc., in some of the groups. Let us know directly. For example, if you find a phone number no longer works, tell us! We'll remove i
Read more…This is my first with Green Tree and while I have done a lot of short sales, this one has me wondering which direction to take. I appreciate all of your advise and recommendations!
My clients were told they did not need to be delinquent to get a sh
Read more…We aren't hearing much about this act expiring in December. http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-
If it is not renewed - what is the incentive for people to follow through with a short sale?
Read more…So we have only ever seen MI on first loans. Suddenly I have a BofA 2nd with MI. The negotiator (first good one in a loooong time) says he's only ever seen MI on 2nds. What's your experience? Thanks!
Read more…I am representing Buyers in short sale w 2 loans. Chase holds 1st, BofA the 2nd. Have sale approval letters. Prelim shows seller has abstract of judgement recorded. Agent tells me it was from SBA loan to his L.L.C.. Was supposed to have been dismisse
Read more…I'm having a heck of a time with B of A's new process for their FHA Short Sales. I have 3 right now, where they are having to deal with the Home Retention Department first.. to either be qualified for Loan Mod or Opted out, then AGAIN to do Financia
Read more…I'm losing my mind!! I'm on Jigsaw and all the contacts bounce. . .anyone have a good "upper level" contact?
Read more…I had a transaction where the seller was getting $10,000+ thru the HIN Program. The deal fell apart because of the buyer's financials. We submitted another offer and I requested the same amount of money for relocation, and was told that the HIN pro
Read more…The first is Wells Fargo and wll paid in full, second is Etrade (NCO financial in collections), and I was able to negotiate a pay offf of $29, 700 on a balance of $151,000, but the 3rd is a Chase Heloc with a balance of $271,000. There is only $6,50
Read more…Please help.
1st is FHA w/ MI and we have the ATP. Allowing $2500 to the 2nd.
2nd is Compass (recently released to LTD). Approx. bal is $56K. They won't accept less than $30K to participate in the short sale. Previous to file moval to LTD, Compass
Read more…I have spent to weeks e~mailing and calling my realtor with no response. Finally yesterday I get a response by e~mail just to find out tha they have moved their office and did not even bother to send out an email to tell me and they have been having
Read more…Has anyone be able to get any bank to pay an assessment (not back HOA's). I have a condo coming on the market that has an assessment that must be paid by close of $17,000 and the HOA's have not been paid for 7 months either -- YIKES!!!!
Read more…I have a California client who needs to short a home in Fallon, Nevada. Please contact me at salesbyjane@gmail.com
Jane Myrenget
Realty World Dominion
Read more…
Hello,
On one of my short sales...
Received Chase (2nd) approval first on 10-14 with target closing date of 11-16
Didn't get US Bank's approval (1st) by 11-16
US Bank now requests an updated 2nd lien approval before they issue it, all other doc
Read more…My client was initially told he did not have to default on his loan to be approved for a short sale. They also said the same thing to me, but declined my short sale for that very reason. Have any of you fought Greentree for approval? They have a h
Read more…
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