Hello, I am the listing agent on an FHA/Wells Fargo short sale and we got the ATP just last week. We've had an offer on the table since the 1st week it was listed - $2000 less than the appraised price so well within the guidelines for what WF would n
Read more…I heard from my realtor that the appraisal was completed on 10/22/12. We have also signed a new addendum to extrend our contract till February. Our realtor really believes we should be able to close by January. My question is, after appraisal, how lo
Read more…I had a nice conversation with a young man who moved from FL to SC, is current on both his first w/ ING Direct and his HELOC w/ Regions Bank. Breaking even/losing a little w/ his tenants. No plans to return to FL. Already purchased a home in SC but o
Read more…I have a buyer on an FHA short sale. The seller is telling me that the file was sent to the deed in lieu department "unbeknowst to them" and that they are trying to get it back into the short sale department. I thought that when after a certain num
Read more…I was contacted this morning about handling an unusual short sale. The wife and husband who now live in the property are divorcing. The wife is not on the loan or deed. The husband and his brother own the property. They are about six months behin
Read more…Bank Reneged on Short Sale Approval!! I've done my fair share of short sales but the outcome of this recent transaction was a real shocker. In a nutshell I was the buyer's agent on a short sale purchase contract. The bank/investor (Chase/Freddie Mac
Read more…Hi- I am the buyer. I made an offer on a short sale. House was purchased for 860K in '05 (owner took out 1 loan for 680K). Owner is current on payments, there is no pmi and is current on HOA's and prop taxes. It is one loan through Wells Fargo. BPO w
Read more…Does anyone have any information on how Citifancial and Alliance One are connected. Can't seem to find anything legal that gives Alliance One the ability to collect funds and approve amounts for Cititfinancial.
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Does anyone have concrete evidence of the damage to a credit score after a short sale if the seller is not delinquent on mortgage payments or any other items. How long will it be until they can get a loan?
Any problems with credit cards?
Pleas
Read more…Dose anyone have a recent short sale approval from Round Point? We are going on month 4 with very little communication from them. It's like they really hope the buyer will just go away so they can foreclose!! It's been a long time since I've had a l
Read more…In march I sent an offer to an attorney representing aan owner on a property in Los Angeles and he wanted $ 50K for the sale. We agreed but said it had to be on the HUD and never heard from him again.August this property was sols for $250000.00 less
Read more…I got solicitated by them to join and will be getting a call from their area manager tomorrow morning. Before I commit to anything, I was wondering if anyone know anything about them. The latest post I could find on the internet was from here in Ma
Read more…Some questions have come up regarding how to write the purchase contract to ensure the short sale seller does not end of having to pay for required repairs such as those required by the appraiser or to obtain the termite and moisture clearance letter
Read more…I recently got a backup offer on a house under a short sale with the Bank of America. My clients have asked me to make sure Bank of America knew that their back up was $11K more than the seller's accepted offer. Any ideas on how I can let them know
Read more…Hi everyone . . .anyone have a contact to escalate at Citi? I am really getting the run around. I have the first approval and am already on the 2nd extension. The contact I have been communicating with told me a week ago that there was something wr
Read more…How long does it take for Nationstar to approve your Short Sale. I got back to them in 2 days the private BPO and had a contractor come out to the house and give me an estimate on the work that needs to be done. Now it has been 2 weeks and still no
Read more…Please STOP with your absolutely STUPID requests! One in particular that has ZERO to do with approving the short sale......
STOP IT with your silly requests for name affidavits, it has NOTHING TO DO WITH APPROVING a short sale. Use a little bit o
Read more…If one's income is the same but they are upside down on the property, would they qualify for a short sale?
Read more…Ok, so we are all having the same experience on FNMA short sales - they want more than the property is worth. Heck I had one where they got so lost in deciding how much they would accept relative to value they actually asked for more than they were
Read more…Hello Everyone,
I am in a sticky situation. I am the buyer of a Short Sale and I am scheduled to close on Wednesday October 31st, 2012. Up to this point I have not had any contact with any lawyers. The property is in Florida and I am stuck i
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