Many years ago when I was working with BofA on one of my first and toughest short sales I was up at 3 am (sitting with a friend at the hospital) and was so frustrated I took to Twitter. Within 15 minutes of tweeting about my frustration with the shor
Read more…I have a situation where I am short-selling a home for a divorcing couple. Divorce decree is final. Husband is living elsewhere and divorce decree makes him solely responsible for a $148,000 IRS tax bill. Unfortunately, the IRS has already put a tax
Read more…Has anyone dealt with this lender? Why would any 2nd lender sacrifice receiving $0 due to a foreclosure, than what the 1st has offered.
Charity
Read more…My clients received notice of default on 12/19 and the home was already having the locks changed, on 12/30!!! cleaned out, pool secured and owners locked out!!!! Who, what, when, where, why???????
Read more…Sheriff Sale is scheduled for 2/2/17 , we had a short sale approval expire on 1/10/17
Was proceesing file myself through RESNET , Caliber is the servicer , when we did
not close they cancelled the file , cant get anyone to help , all we need is
Read more…Hi
I have a VA widow with 3 jobs and caregiving a disabled niece at her house to make ends meet. Her loan is 706K but her home is only $690K Market Value.
Can she still do a loan mod? She tried to apply for loan mod several times but they said she d
Read more…Good Afternoon All!
Has anyone encountered a Title I Home and Property Improvement Loan?
Apparently this "Title 1" loan is a HUD guaranteed loan (up to 90% of the balance owed) and is not your typical FHA loan.
I just started to work a file with a
SouthStar Funding, LLC went out of business in 2007 (bankruptcy). Then a lift of a stay in February 2009 allowed several financial institutions to take over more than two dozen delinquent borrowers' homes. That is the latest info that I could find.
Read more…A seller whom I interviewed listed with another agent. Previously, the seller and I spoke, I asked for approval to speak to the bank and get the preapproval process started. She didn't want to get the bank involved. I think the agent is listing the h
Read more…So here we are again at the expiration of the Mortgage Debt Forgiveness Act. Any chance we will see this extended? What are we telling our clients?
Read more…Good afternoon,
I am hoping you guys can assist me. I am a Broker Associate in Florida who also negotiates short sales via a title company here in Florida. One of my clients has two properties in Georgia that he wants to short sale. Can I do this?
Read more…Bank of Oklahoma has just rejected an offer of $155,000 and refused to recall a Sheriff sale scheduled for Tuesday Dec 6th. The owner got a letter saying all documents for his short sale request had been received and the sale postponed to provide sal
Read more…From a colleague, she asked:
"If anyone has any input working with Fay servicing I would love to hear it! Got a curve ball today from Citi that first was “transferred to Fay servicing” and a refusal to give me any information. Citi stated the borrow
Read more…Hello,
Just got Ocwen approval on a 1st lien but have a $49,500 HELOC with BAC. Ocwen has offered $2000 to BAC. I know they will want more as a HELOC than a second mortgaqe. 10% reasonable? Or is even less a possibility?
Thanks for sharing and have
Read more…Any information on how to proceed after FHA denies variance due to repairs or appraisal value too low?? How to reverse the decision and get approved??
Read more…I have a short sale where Sun Trust is the servicing company and Wells Fargo is the investor. Our short sale did not close on time, which was December 2nd. We had asked for our 2nd extension thru December 16th. Wells Fargo denied our extension and
Read more…Anyone have any success with this Loan Shark operation? Been working on a short sale with 2 different servicers, had a couple of buyers fall through over 2 years, bring them Market value for the home & now they want a Full Payoff in no uncertain term
Read more…We are trying to acquire a property held by Equipoint Financial. The owner has passed and they hold the Reverse Mortgage. Does anybody have a working phone number for them? and or point of contact, email, anything?
When we call their number here (85
Read more…Merry Christmas SSSS! I have a friend who's Largo, FL home is in foreclosure with a summary judgment already entered. The fcl sale date is over 30 days away. Can he still apply for a short sale??
Allan
Read more…Does anyone have experience working with J.G Wentworth on a short-sale? Sure could use a direct line to the short sale dept.
Read more…
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