I am a third party negotiator that the agents and homeowners select to assist with the short sale process. For a year I have been negotiating with lenders through the Equator system, this past week I was told that I was not an agent or attorney and t
Read more…There is an REO property I am interested in and I work with a realtor on all my investment properties.
But this one property she was not able to get a return call from the listing agent to even get showing instructions. Calls, emails, text messages
Read more…We have a SS going to auction this Tuesday. Anyone have a contact who can postpone it? An offer was submitted. No rest for the wicked.
Read more…Good day all
I am doing a short sale with Homeward > the short sale was denied due to the fact that the appraiser could not get into the place due to flea infestation.
The negotiator advised to have owner cleaned the out the place so appraiser can
Read more…BOA told us to reduce the price on a Co-Op Short Sale property to get an offer on it,we did and now that we have received a full price offer, they are looking for almost 30K more. They completed another BPO when we requested a value dispute and it c
Read more…I just got off the phone of the Realtor Hotline for Loan Servicers of loan default
who revealed some shocking news> I called on a file in which I received an approval but it did not include a deficiency waiver.
The hotline attendant informed me to g
How long should I expect to wait to hear something/anything once the negotiator has been assigned to the file?
I'm representing the seller on an FHA Preforeclosure short sale with b of a. With this type of short sale you must FAX all the paperwork, n
Read more…We were in the process of buying a short sale home from Green Tree. They are the only loan on the home. The house was listed at $124,900. We offered 120,000 with us paying closing costs. The seller accepted but Green Tree came back to us at $150,000.
Read more…Hi,
I have an investment property in North Cal and the mortgage is with CitiMortgage. I do not have a second loan on the property so it's just CitiMortgage to deal with. The house is currently leased on a month to month basis and the rent barely cove
We all know Short Sales can be very frustrating. Short Sale Lenders can make decisions that make absolutely no sense to us as agents. There are many times where we are tempted to be overly creative to get a deal through. Folks....being creative is O
Currently submitted a short sale package to ING (1st) & the 2nd is with DTA Solutions. Before ING continues with the SS process, they requests to receive DTAs acceptable amount first but DTA on the other hand requests to have INGs approval before sh
Read more…Does anyone know if Chase is still doing Cooperative Short Sales? I just got off the phone with the escalation dept as well as a manager there and neither had heard of this program. Maybe it goes by a different name that I'm not aware of.
Thanks.
Read more…US Bank/VA loan.
I am beginning to LOVE working with US Bank. The last few that I have done I got the same 2 negotiators and they are some of the best I have dealt with! Good communication and very helpful :)
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The FBI is focusing its attention on real estate brokers to see whether or not the broker submitted all offers to the lender in a short sale transaction. A real estate broker who does not submit ALL offers to the lender could be charged with being
Read more…BOA decline the short sale, I done all (Initiated Short Sales on the Equator Workstation and downloaded all required documents) but I have not received any instructions from them. First time they deleted all information because foreclosure date wa
Read more…Hi, I just completed my HAFA cert and I have done somewhere around 100 short sales. I have heard, recently, from FNMA and FHLMC that my clients were disqualified from HAFA becuase they had good FICO's. Nowhere in the HAFA cert program have I heard or
Read more…Does anyone have any experience with Navy Federal Credit Union. They have had the short sale file I submitted for almost six weeks. It has finally been assigned to a specialist. I asked today what is the typical time frame from this point. They t
Read more…I have a short sale with BOA on the first, Chase (turned over to a lawyer) is on the second. The first is for $180,000 and the second is for $40,000. This is a cooperative short sale where the bank set the price. The rep for the second wants to get i
Read more…Bank: Bank of America
I have a seller with a valid hardship (husband past away 18 months ago) who hasn't made a payment since 3/2011. She attempted modification and was denied three times before contacting me for short sale assistance. I submitted
Read more…I'm the broker/owner of a small firm. My wife and I are attempting to purchase a $300k Chase short sale for our primary residence. We got the approval letter a few days ago and I saw that they cut the commission from 6% to 5%. Well, that's a real
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