I do a fair amount of SS, but not sure about taking this one. B of A has the first at 599K, and Wells the second at 300K. The FMV is probably 650-675K. What do you think Wells would take to approve?
Read more…I'm the buyer for a short sale.
The house was on the market for about 6 months, starting at $225,000. Lowered a month later to $199,000. Aug 1st it was lowered to $159,000. Two days later I offered $150,000 all cash, was accepted and I signed a cont
Read more…I got a verbal from my negotiator @ BofA on 10/3 and was just waiting on the official letter. Just found out my Short sale approval is not actually approved yet. This is the Note I got from the Bof A negotiator yesterday. "Chris, I needed to make a c
Read more…I am selling my home by short sales. Am approved for HAFA program and Offer from my buyer is $12k above what Bank of america was asking. Now i'm told that I have MI on my second mortgage on the house could that kill the short sale?
Read more…Hello Everyone!
I am a buyer of an approved BOA short sale. Lender (Chase Bank) requested an appraisal on the property and sure enough it came in 37k less than the amount on the approval letter. My agent forwarded the appraisal to the sellers
Read more…Citibank is servicing. Negotiator told us she was pretty sure she could get $3K in incentive. About to issue approval without the relo incentive becuase the borrower/seller has rented an apartment closer to her new job. She is maintaining both res
Read more…After sending over 8,000 postcards and knocking on hundreds of doors I have gotten just 1 short sale this year in the San Francisco east bay. Last year I did over 20. Have any of you noticed a similar slowdown?
I've also noticed that banks are not f
Read more…Friday my realtor has my hubby and I sign an addendum to extend our contract to FEBRUARY bc after 2 months the house we are trying to buy is now supposed to be coming out of the Home Retention Dept and the file is SUPPOSED to be getting an assigned n
Read more…I am the intended buyer of a home that is being sold via a Wells Fargo short sale. I am turning to this group because I’m looking for some answers regarding the short sale denial. Below is some background.
- The short sale was out of attorney revi
Read more…Doing a short sale with a Chase 1st and Popular 2nd. Have approval on the 1st,but, can only communicat via email with popular. Does anyone have a loss mitigation phone number? Thanks
Read more…Hi,
We recently got our extension approved and I was wondering, how long does it take to close after that? Also, we had our credit reports checked 2 days ago and they took recent pay stubs, are they going to do it AGAIN before the signing of the doc
Read more…Anyone got a good, cheap site to mail out postcards? I have the names and addresses and looking for a mailing services. If so, how much do they charge? And do postcard have good ROI? Thanks!
Read more…Google+ is getting a lot of attention these days. To reach more of you and potential buyers and sellers, join Short Sale Superstars on Google+. See you in the circles!
Read more…We have an approval letter from the 2nd. The 2nd would not accept anything less than $3K and the first is only allowing 6% (Fannie Mae 1st). Now that we have a new Buyer that can pay the difference and get the file moving, the 1st is saying that Fa
Read more…After over a year of a HORRIBLE process with a short sale through BofA and the seller of the house, we have been notified that our loan is being sold to Bayview Loan Serving. We had an offer on the table for over 6 months and the buyers finally walk
Read more…
Hello All,
Help, I am having a nightmare of a time dealing with Metlife. They closed my file after I sent over the required documentation. I have proof that we sent a full package over. When I finally was able to reach someone and told them the
Read more…How do you handle the EMD going into a short sale? Do you refund the EMD if the buyer walks or do you have a form signed by the buyer and seller upon inception of the contract as to the disposition of the EMD if the buyer walks?
Read more…My last question wasn't understood. What I want to know is in a situation where I offered $65000 on short sale, and 5 months later, B of A counter-offered $90000, would a $73000 counter counter-offer be perceived as week or strong?
Thanks! I need
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