Karyl Moore
  • Female
  • Prescott, AZ
  • United States
  • arizona
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Karyl Moore's Discussions

PMI suing the banks?

Started this discussion. Last reply by Jeff Payne Jan 24, 2012. 10 Replies

I had a call today from a past short sale client who said a PMI company wants to meet with them and hear their story of the 3 times they tried to get a loan modification and were rejected (by Chase)…Continue

Tags: modifications, sales, short, PMI, Chase


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I have been a real estate broker in Arizona for 28 years. Have been working almost exclusively with short sales for the past year plus. Closing rate is about 75%. No ulcers yet but working on it. I seem to be running out of wine faster than before, tho. CDPE, SFR, Associate Broker.

Karyl Moore's Blog

Little Known Problems with Loan Mods

Posted on June 18, 2011 at 6:29am 4 Comments


A local lender sent out the email below.  Alhough hardly anyone gets a loan mod, Sellers who are considering modifications -vs- short sale really need to know the info below:


In these difficult economic times home owners are often forced to make difficult decisions about how to handle mortgage payment they can no longer afford. One…


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At 6:26am on November 23, 2010, mike w said…
I signed the addendum (change in negotiated price) on Sunday Nov 21 which had a closing date of Dec 31, it will be virtually impossible to close by that date, i guess im close but no cigar
At 6:49pm on November 22, 2010, mike w said…
As the buyer in a short sale situation how can i check the status or try to push for a official acceptance offer letter from the bank, it has been a little over a week and still no official letter?
At 3:57pm on November 22, 2010, mike w said…
i received the verbal acceptance from bank of america, how long does it take to receive the official letter so i can start the loan process
At 9:00am on August 31, 2010, Stephen Arnold said…
Thanks Karyl~
I'm not sure where to go from here...but it is really frustrating. They really do not seem to care about incurring $1,000's in additional losses from a trustee sale vs. just doing the short sale.


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