Rob Olson
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Rob Olson's Discussions

National Mortgage Debt Relief Act "under contract" deadline

Started this discussion. Last reply by Wayne Brooks Nov 19, 2013. 3 Replies

Does anyone know if there is a deadline for short sales to be under contract by, to still qualify for the NMDR?  It looks like it is going to expire on 12/31.  I've heard nothing about a renewal. …Continue

FHA Sales contract review expiration

Started this discussion. Last reply by Kevin - Greenville, SC Jun 6, 2013. 5 Replies

I have an FHS PFS with Bank of America.  The sale was approved.  On my sales contract review form, it states "the sale is contingent upon closing no later than 6/6/13.If closing does not take place…Continue

Foreclosure after discharged bankruptcy

Started this discussion. Last reply by K Bernard Strong Jun 6, 2013. 10 Replies

I have been talking to a potential client that has gone through a bankruptcy and been discharged.  The house is now set for foreclosure in about 80 days.  He's trying to avoid foreclosure.  He hasn't…Continue

How can I fight the demand for a cash contribution?

Started this discussion. Last reply by Ron Scribner May 14, 2013. 5 Replies

I'm doing a short sale for a client that has about 30k in cash.  I kind of expected the lender to request a cash contribution, which they did.  The bank wants $3000.  The issue is that this surplus…Continue


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