Christina Waymreen
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PNC 2nd lien - anybody?

Started this discussion. Last reply by Christina Waymreen Aug 1, 2013. 4 Replies

First time with PNC as 2nd lien. I have tried googling to find any good discussions on this but most are at least a year or two old and not ending well. They are requesting a high amount to allow us…Continue

Freddie Mac short sale incentives gone

Started this discussion. Last reply by ElizabethWeintraub00697006LyonRE May 21, 2013. 8 Replies

I had a cooperative short sale with one of BOA's short sale departments in January 2013 and they offered $7000 for seller relocation incentive. For some reason (beyond me) the sellers decided to hold…Continue

Bank of America Buyer's Acknowledgement and Disclosure

Started this discussion. Last reply by Christina Waymreen Feb 28, 2013. 7 Replies

I just had this lovely cooperative short sale all set up with a cash buyer. Sent him the Bank of American buyer's disclosure when lo and behold buyer is an executive with Bank of America. What is the…Continue


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I am a realtor turned short sale negotiator.

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REDC Marketing Period -

Posted on April 15, 2013 at 3:52am 1 Comment

I am on hold waiting for REDC to explain to me what "marketing period" is. She claims it is the amount of time allowed by them to handle a short sale. I say it is the amount of time an active listing is allowed on the market before the cooperative short sale expires. IF  a purchase contract is not received within the marketing period of 90 or 120 days the coop short sale is declined. Otherwise the coop short sale must conclude to its end. 

A purchase offer was signed two weeks after…


BOA - REDC playing tricks?

Posted on April 9, 2013 at 5:29am 0 Comments

I have had a cooperative short sale since November. It was going smoothly except for the poor communication, We had a buyer within a week of listing. We accepted all their terms even though they put the blame on others of why the file was losing the race against the tortoise. Blah..blah..blah..Fannie Mae...blah..blah..blah..This month I get "3-4 days and sending approval" with the usual nonsense attached to it. 

Then BLAME. Quote: We have received…


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