I have a client who wants me to take over a short sale that failed. She was offered $25,000 from Chase Bank. LCS is the second. LCS blocked her contribution from Chase, stating it wanted the money.…Continue
"My initial reaction is I would not touch this. I imagine the lawyer did not comply with the California Home Sales Equity Act as required when a property is in foreclosure and most likely did not give the owner adequate paperwork to sign nor respect…"
"You have a Realtor representing you so we are not allowed to interfere in your transaction without your Realtor's permission. I can say that FHA short sales take longer than most other types of short sales and to hope for short sale approval…"
"I agree with Brett, it could be due to the arm's length. Of, does the buyer have his own agent? If not, that could be the issue. Does the buyer's agent also happen to be the mortgage loan officer? If so, that could be the problem. Does the…"
"Unfortunately, you cannot talk to Wells Fargo and your agent cannot either. You're at the mercy of the listing agent. I agree that the listing agent should escalate the file. Any number of things could have happened, including the negotiator…"
Sacramento, East Sacramento, Land Park, Midtown, Elk Grove, Natomas
Author of The Short Sale Savior, published in June 2009. Broker-Associate at Lyon Real Estate in Sacramento. Home Buying Columnist at About.com. 30+ years of experience in real estate. Sacramento Short Sale Agent. DRE #00697006.
I also was not born in 1900, somedays it just feels like it.
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