I have a short sale in which Chase is the 2nd lien servicer. It is a purchase $ loan in CA. The loan amount is +/-$48,000. The 2nd was sent to the collections dept of Chase. Even though we have a Fannie 1st and they (1st lien holder) are offering
Read more…How does the new law that went into effect on November 1st,2012 that if you can no longer afford your home due to illness in the home. It is my understanding that you can turn the keys and title over to bank of America due to illness. Since the pers
Read more…I have a short sale with Bank of America 1st and a 2nd with a collection agency, Compass, who works for the 2nd investor, Carrington. When we started the short sale process B of A sold the 2nd to Carringtion mortgage, who in turn gave it to there co
Read more…Wells didn't originate the equity line years ago.
Any pointers on negotiating with them on an equity line to work this short sale.
I've sold short sales (30 year broker) but have not delved into listing them until now. This one is in my neighborhoo
Read more…was trying to buy a short sale in new hampshire that just got foreclosed on yesterday. no one bid so it went back to the bank. we started this 8 months ago(in those 8 months had a verbal approval from both banks that had liens but never saw paperwork
Read more…I'm working on a 2nd lien approval with NYCB (formerly Amtrust) in Ohio. I had an approval from Jan 2012 that was waiving the deficiency for the borrower. Buyer walked 2 days before closing and we had to put the property back on the market.
Have a
Read more…I currently have a home listed for short sale. "Another agent" told my seller that it would be best if he tried his hardest to continue making payments until we have an offer because they won't report you late or your credit won't be as impacted once
Read more…Shortsale packet was submitted to BOA mid september. Hadn't heard anything until last week (beginning of november)when we were sent the arms length documents to sign. Having a hard time getting information from our agent. The sellers agent has a shor
Read more…What are you telling short sale sellers when it is not likely they will close before the tax waiver ends this year?
Read more…Hi All,
My shortsale is under process from past 3 months, There were two counters from the bank and we countered all of them after the appraisal, now after sitting on the counter for 2 weeks the negotiators are asking for updated financials from sel
Read more…I have a potential client who has a reverse mortgage. Has anyone ever done a short sale with this type of mortgage?
Read more…I've got a military client and I've been working on a short sale with him. Bank of America won't budge on the price and a new attorney who just started negotiating the short sale suggested a deed in lieu. She has no idea whether or not a deed in li
Read more…I cannot believe this is happening, but if anyone can explain what the chances are that my sellers will be allowed to get a loan modification and keep their home. I hope SPS is really telling the sellers the truth. I am so affraid they will get for
Read more…I am having a problem with B of A and an LLC joe beauchamp responded to a similar situation and I was hoping fo assistance with my situation
My client has or is an LLC in California and we have provided the Articles of Organization the LLC1 the one p
Read more…
House has been on market 1,323 Days---189 Weeks---or over 3 and a half years.
0.36 Acres, built in 1985, 3 beds, 2.5 baths, 1600-1700 sq. ft.
03/2009 Listed for sale $289,000.
06/2009 Price change $265,000
06/2011 Price change $249,000
08/2011 Price cha
hi - I'm looking for HSBC contacts - those that are way up at or near the top. The corporate executive level, CW used to call it "The Office of the President" -
an email address would be great, grateful for phone numbers too. thanks.
Read more…I am in the middle of negotiating this short sale. The first is with GMAC, Fannie, and the 2nd is with USAA. The good news is that the seller was well aware going into this, that USAA was definately going to negotiate 1/2 the debt owed. USAA wants
Read more…I am the buyer on a short sale...6 months in we find out the seller has state and federal tax liens against the property. The house is in Orange County, CA. We are hoping to get the HUD-1 from the bank this week. Apparently the tax liens cannot be de
Read more…In early stages of Short sale process with Green Tree. Green Tree rep is asking whether to pursue short sale or Deed-in-lieu. She stated short sale only helps realtor. Researching but have nothing definitive. I welcome any suggestions. Thank you Her
Read more…Good morning!
We received an offer from the lender today that approves my seller for HAFA provided that she pay $2,200 outside of closing to the mortgage insurance company. The catch is that the $2,200 would have to be paid BEFORE the lender can iss
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