We will have 3 more disclosures on every Short Sale listing. One at beginning when sellers is signing listing agreement, other when the short sale is approved by lender, and the last one when Lender…Continue
"I think borrower should call his insurance and get something in writing he never cash that check. this is a valid proof that he has no money. If the property is in bad conditions and there is a claim open with his insurance that will be a problem…"
"I got final HUD approval by Lender sometimes in 24 hours after submitted. It depends of Lender. how many loans are? did agent sent by equator? Agent needs to insist closing is XX date ant time to get final approval. without the HUD approval you…"
"The way I see listing is representing buyer also, if Yes Lender will low the RE commission for sure.
Arm's form need to be signed by all parties involved including Closing agent.
Yes, I'm in agreed with Disclose,…"
"I have several questions on this case. I'm a Realtor doing short sales for some years too.
The listing agent needs to make a research first to see who is the actual owner of the property and prepare the listing agreement under the owners…"
"I have a short sale in process, 1 st Lien is Nation Star, and 2 is Indymac, they recently requested a 1st lien pay off, its sound very rare that a 2nd lien is requedting a payoff from 1st lien. I want opinions. Please, thanks in advance."
"does the borrower has a 2nd lien? HAFA program waives any deficiency judgment, lender can't ask for promissory note and can't go to the borrower after short sale is approved and close. but, if the property has a 2nd lien mortgage, may be…"
"Borrower is behind for a year aprox. andowns near $200, is a condo.She really donest want to file a BK, and wants to do the short sale, but not under this requirments. We are waitting a month to start over again the process.. what do you think?"
"Thanks Tara, Wells FArgo explained to me that,' they send 2nd to this law fiorm for negotiations and short sales process'; I really never seen before this situation. This file was cancelled momentarely to see another option in a month."
"Nothing was resolved, 2nd lien who is handling by a law firm sent me an estipulation letter asking for repayment of $41,000 at almost 9.00% interest rate, 1st lien negotiator coulnd't do anything at this respect. Borrower decided top cancel…"
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