Hello All-
Would love to tar and feather a SunTrust Negotiator right now. I have about a $750,000 (can't give specific as it is not closed) contract and I have both sides of the deal. I expected a cut to 5% from the 6% listing agreement, plus it stat
Read more…Crystal Barajas, Jenny Frazier and Ryan Cunningham at LCS Financial Corp are ROCKSTARS! Short Sale negotiators, asset managers, reps whatever they are called should learn from these 3. From intake, to review to Approval in less than 10 days!! I am
Read more…My seller had a BOA Heloc as a 2nd on an investment property that we are doing a short sale on. BOA sent the seller a letter saying they were going to dismiss the balance and close the loan in 30 days if she did not respond to the letter. That's we
Read more…I have clients that bought another home last year and moved due to daughters health condition. They rented their original house in Oct of last year and tenants have been there since. My clients were $700/mo negative on the rent/pmt ratio but still st
Read more…I am set to close on a short sale property in Orange County, CA next Monday. I signed the loan documents Wesnesday and paid my closing costs. I got a call from Escrow officer stating that Seller is not ready to move out and needs 30 days to find a p
Read more…I'm working with a client that is interested in doing a short sale. They qualify with a hardship. The question in particular is their home is listed as 490 "agricultural property" for tax benefits. He's depreciated the home heavily. Can he still
Read more…Anyone have good experience and results w/ SS and foreclosure defense in Duval county of Jacksonville Florida?
Read more…I'm in the process of finishing up a short sale with Wells Fargo as the first and E*Trade who is serviced by PNC Consumer Services. We have an updated letter from Wells Fargo stating that they are paying $2,000 to Consumer Services. Our approval le
Read more…Here is the latest news on what hopefully will be home. My question is does anyone have any advise on about how much longer this will take from here because my realtors assistant doesn't seem to know and that is who I am frequently stuck dealling wit
Read more…I am considering using Wingspan and would let to get some reviews from agents that have used them. The good, the bad, or any opinion of the services. Thanks!
Read more…I had an interesting conversation with a broker and an attorney recently that has sparked my curiosity. We see marketing everyday where we as agents tout ourselves as experts or specialists, whether that is a waterfront specialist, a condo specialis
Read more…Can someone supply a link to where it states what Freddie's maximum allowed seller's concession or buyer's cost help is? I cannot find it anywhere. I have been told by execs at Fannie that there's is a 3% max, but no info on Freddie. Thank you!
Read more…Good evening,
I received an approval letter from BOA on a short sale, and today, right as we're ready to close it was denied!
There were $75,000 worth of judgment liens on the property that were negotiated down to $25,000. An addendum was prepared
Read more…No names here, but, have servicer referring me to an auction company, "for better marking ya da ya, etc, ! HOWEVER! Need to advertise (mls, etc) that buyer needs to pay 5% premium. Once signed up for this is a "given" no going back! The particular p
Read more…We have been working three Green Tree short sale files, with each going on 5-6 months now. It seems their loss mitigation department is a complete mess.. we are unable to get in contact with the assigned negotiators, BPO values are lost, documents lo
Read more…Hi all! So happy to have found this site as I am literally lost at this point!
Long story short: My husband was told over the summer that he could either lose his job or relocate with the company. After much discussion about our current options, w
Read more…We have a client who is in the military, unfortunately is going through a divorce andn wants to short sell his home. Are there any special HAFA programs which he could benefit from, his lender is Wells Fargo.
Read more…Hello everyone,
My sellers need to move about 75 miles away to help take care of ailing parents.
They accepted a fair offer for their home.
Just got email from Homeward "Mortgage Insurance has denied Short
Sale and will not participate as they consi
I am close to closing a deal but have been informed that Freddie Mac as the investor will not allow me, as the seller, to come to close with any fees. Therefore, fees associated with closing including broker, title, etc will have to be made by me "ou
Read more…Does anyone have any suggestions on how I can approach this or contacts higher up at Fannie Mae? I recieved the following e-mail on a FNMA HAFA short sale from my negotiator:
I just completed the review of the offer. The
listing price put forth in the
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