"I have a US Bank - FHA - short sale. Is there any chance that they will allow the seller to rent the property back from the buyer? The ATP does not indicate whether or not they will allow this. Or do they always make you sign an Arm's Length…"
"[Elizabeth, I have had BofA reject several appraisals - enough that my client agents don't bother to do them anymore (at $400 each!).]
BofA has "interesting" rules for a dispute like this. The many things that you would normally do…"
"I have not had Bank of America reject any appraisal, unlike other banks. Often when banks give you a sales price, it has little to do with fair market value, even if they say it does; it doesn't. It has to do with how much they need to net.…"
"I was the BPO was done with comps in hand and made sure the agent was very aware of all the problems with the house. (Garage roof falling in, cracks throughout several walls (home is only 6 years old, missing flooring in 40% of the house). I was so…"
We have been working this file for almost a year and kept having problems with the BPO. We finally found a buyer to accept the banks ridiculous counter and we received the approval at 194K. Then the buyer's appraisal came in at 170K which is the value I have been saying all along. We have now submitted an addendum with the price showing as 170K along with the appraisal. It has been with Bank of America for 30+ days now. They keep saying the investor has to review and decide if they will accept…See More
"Does anyone know if you are partnering with another agent on a short sale if you can add them to the file so they can pull it up in their Equator account versus having to log into mine to check the status?"
"I have a client that took out a HELOC with First Community Bank in New Mexico. From what I can tell, US Bank took this bank over in 2011. US Bank definitely started servicing the HELOC because my client started receiving letters. But now 1…"
I have a client that took out a HELOC with First Community Bank in New Mexico. From what I can tell, US Bank took this bank over in 2011. US Bank definitely started servicing the HELOC because my client started receiving letters. But now 1 year later, US Bank says they have absolutely no record of this loan. Has anybody else experienced this??? We have been working on this for over a month and still cannot get to the bottom of it. See More
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