I am the buyer in a short sale and finally the HUD statement from the seller was sent today to the bank.
I know that the HUD statement includes a proximate closing date. Do I (as a buyer) have the right to know the closing date that the seller list
Read more…I am trying to purchase a home in Florida that is a short sale.We have been under contract since late April. The second mortgage has agreed to accept $25,000 for a $250,000 second. The seller hired an attorney to handle the short sale negotiations.
Read more…I found out that the home my buyer wants to put an offer on (listed in the MLS as a short sale) had final order 7/12/2012 and is scheduled for foreclosure 8/21/2012. I want to work with the listing agent, but I need to know how this should be handled
Read more…Have been waiting for six months for a short sale approval on a home here in Tampa. The home has a 1st and 2nd both thru Wells Fargo. The owner has a lawyer handling the shorsale. A approval letter was issued by Wells on the 1st a month ago, it expir
Read more…Does anyone know how to fight PNC on paying our fees? We have facilitated it and settlement is tomorrow yet PNC NOW says they wont pay us what they had originally agreed to on the approval letter. Anyone at the bank I can speak to? Any assistance wou
Read more…This last week my e-mail has been flooded with BPO requests, I mean THOUSANDS of bpo orders. Mind you these are not requests to me in particular but e-mail blasts for assignments accepted on a first come, first serve basis.
Any thoughts on what's g
Read more…Hi, guys - I've been working a short sale with AHMSI and was just notified that they're using a company called Power Short to process their file and they're getting part of the commission. I'm trying to pull up info about this company but I can't fi
Read more…Does anyone have a reverse mortgage short sale packet for BOA. I'm being told it's not the same as the traditional boa packet.
Read more…Hi All!
Is there a standard time period that Bank of America gives to close escrow from the date of their short sale approval?
If not, what is the longest they would normally give?
I have a situation where the buyer will not be reachable or able to a
Read more…We just received the HUD ATP Letter that requires Seller signature. Does HUD/ GMAC allow electronic signatures?Thx- Bob
Read more…I am trying to sell a home in AZ that I left in 2009 when I moved back to PA. When I first left the house it was on the market, but I got zero hits, so I began renting it to help cover the mortgage. Just a few months ago I received a Short Sale off
Read more…I am a landlord in california looking to either short sale or Deed in lieu of foreclosure on a townhouse I bought as a primary resident. I have not refinanced the original 80/20 purchased money loan from the same bank. A year and a half ago I have p
Read more…So it seems to be a growing trend now that a buyers lender is demanding to see the lenders full blown short sale approval letter, not just the cover page with all the terms. In the past i have always taken the approval letter and removed the SS# and
Read more…I do have a loan like the discussion says 80-20, both with the same bank, Citi, my home is underwater, bought it for about 180k, houses like mine in the neighborhood are going for about 105k avg, due to all foreclosures in the area which brought all
Read more…This is my GMAC short sale (I usually love them!), but it is FNMAE as Investor and apparently, they have hired a 3rd party to negotiate for them. I have ZERO contact with GMAC..been awful. Listed in April, got one offer over-market because the Buye
Read more…Offer submitted to BOA for 148,900. BOA apprasial came in at 120,000. Is that a good thing or a bad thing? And why?
Read more…have the right to know how many liens on the seller's property? My agent says no, but everything I read seems to indicate otherwise.
Read more…I am working on a FHA loan for Bank of America. The seller was going through a loan modification, which I find out she didn't properly complete. I was informed of this by the Account Manager, as well as her telling me because of the incomplete loan
Read more…I just took on a short sale with a 2nd. Citi sold to LTD Financial.
Just contacted LTD and they said they don't have it anymore and don't know who it has been assigned to.
Does anyone have a current one that you have been able to track down who
Read more…Hi All,
I have a short sale listing in Minnesota and the bank that I am working with (Selene Finance) and they have hired Meridian Asset Services to help negotiate the offer when one comes in. I find out that either Selene or Meridian hired another
Read more…
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