All Discussions (4366)
NOVAD and HUD with reverse mortgage
I have a 92 year old seller who is now in the hospital. He has a reverse mortgage. I've submitted all docs to NOVAD who was to forward to HUD for approval. Initially NOVAD said it would take approximately 2 weeks to get approval. We are closing in on
Read more…FHA Investment property Short Sale Options?
I have a client that lived in a home back in 2012 and moved out due to a new job out of state. She then tried to sell but was not able to and resorted to renting out the property. Fast forward, the tenant destroyed the home and it is in pretty poor c
Read more…Kondaur Capital not accepting a short sale
I submitted a file to Kondaur Capital on a home in Califonria. they were granted a Motion for Relief and will not review the short sale. I filed a complaint with the DOJ and nothing seems to be helping. the trustee is Wilmington Saving Fund Socie
Read more…Shellpoint Mortgage Contact
Have a short sale where 1st is with Shellpoint (getting full payoff) and 2nd is with Bofa. Have been trying to get foreclosure sale postponed for last two weeks and is currently scheduled for tomorrow. Anyone have a good contact with Shellpoint who
Read more…Fannie and Freddie Allow Short Sale Negotiator Fees
This was verified
SHORT SALES AND DEEDS-IN-LIEU OF FORECLOSURE
Effective September 1, 2019; however, Servicers may implement earlier if they are operationally ready to do so
We are revising our short sale and deed-in-lieu requirements in alignment w
Read more…HAS THIS HAPPENED TO YOU?
Working a short that was recently transferred to Planet Home from BOA. Planet Home asks me today to convince my short seller to give up on short sale and do a deed in lieu...and then they would fix up the house to resell and still keep me on as agent
Read more…Due Diligence Fee & Short Sale
I have just had the most puzzling email exchange with a listing agent regarding her short sale property. Her instructions to buyer agents making offers is to submit a cashiers check/money order ONLY for due diligence, made out to the sellers' attorne
Read more…Fay Servicing Issues
Reaching out to see if anyone has had experience with this servicer. They acquired loans from U S Bank in January and are trying to go through a whole home retention review even though U S Bank did one and already approved the borrower for a short
Read more…Cornerstone Home Lending...help
Does anyone have any contacts there? The loss mit/short sale department doesn't take calls. its been 3 weeks of us calling every day and not even able to escalate. They just keep saying they will "get back with us" HELP!!!!
Read more…Wells Fargo
Seller has not lived in home in 6 years and renting to relative. Seller lives in an apartment in another city. Will Wells Fargo still come after her for the deficit since she no longer lives there? How this will be treated for tax purposes?
Read more…Looking for a VP contact info of short sales department at Suntrust Bank in Florida
Looking for a VP contact info of short sales department at Suntrust Bank in Florida.
Can anyone help? I'm about to lose a buyer for a $1.4M house.
Read more…Value Disputes
It seems like it is getting more and more challenging to get lenders to reconsider value. Is anyone doing anything different or I guess I should be asking what are you doing thats working for re consideration of value?
Read more…Need response quickly from Bayview Loan Servicing
I have a short sale with Bayview and I have an offer in line with their appraisal. They dragged their feet ad then told me they needed a new appraisal (after 90 days.) The new appraisal was 200k higher. I told them it was unreasonably high and had
Read more…How is everyone getting leads and building their pipeline?
Was wondering how everyone is building their pipelines these days. There are still lots of foreclosures in my area but it seems folks arent responding to my marketing attempts like in years past. What are some better marketing ideas? I do mostly mail
Read more…Short Sale with a Home Equity line as a second lien holder
Hello Everyone, I want to know if someone can help me.
Am working a short sale with Wells Fargo but the House have a home equity line with Bank of America for the amount of 100,000.00 but the borrower only ows 30,000.00 to bank of america. Wells Farg
Read more…CALIBER HOME LOANS
Has anyone had any recent activity with Caliber and short sales? I have tried initiating several recently and have been told they do not offer them. However if you go o their website, there is information and even a short sale package available
Read more…Can the IRS $500,000 allowable net proceeds for a married couple from primary residence be used to offset 1099C income from a short sale?
Hi,
Understand need to ask a CPA but looking at options other than insolvency for a short sale seller and just wondered if anyone here had simply used fact that the $500,000 allowable net on sale would offset the 1099C income...
Thanks for any inp
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