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Started this discussion. Last reply by Tony Morales Mar 30, 2020. 5 Replies 0 Likes
In all my years of negotiating short sales I have never done one with this company. I am on the buyer side of this transaction and the listing agent is a little vague on the process with them. Has…Continue
Started this discussion. Last reply by Tony Morales Jul 21, 2020. 7 Replies 0 Likes
SPS is delaying short sales by using invalid valuations. The BPO reports show 2 different values:..current-30 days As-Is and, 90-120 days As-IS. They are countering the offer at the 90-120 day value…Continue
Started this discussion. Last reply by Smitty Dec 10, 2019. 3 Replies 0 Likes
I have had many conversation over the last 10 years with agents that are contacted by companies that state the agent will get their full commission and the bank will pay the negotiation fee. I have…Continue
Started Apr 19, 2019 0 Replies 1 Like
This was verified SHORT SALES AND DEEDS-IN-LIEU OF FORECLOSUREEffective September 1, 2019; however, Servicers may implement earlier if they are operationally ready to do soWe are revising our short…Continue
Posted on April 9, 2018 at 8:59am 3 Comments 0 Likes
As anyone dealt with any short sale lenders that will agree to pay the HERO tax assessment? Are lenders declining short sales due to the HERO being a "future" tax bill rather than a current or delinquent tax? Need responses
Posted on October 22, 2015 at 4:11am 0 Comments 0 Likes
I was hired by the listing agent to save this short sale Franklin played their silly games. We offered $12,000.00 They countered back at $20,000.00 Buyer walked. Month and a half later obtained new buyer, whose offer was approved by and the first lien holder, and allowing $20,000.00 to Franklin. They came back and countered at$28,000.00 claim they have new guideline. That is a crock. This one will end up in foreclosure. Other than preaching to the choir, who can we reach out to stop…Continue
Posted on November 1, 2013 at 9:00am 0 Comments 0 Likes
If you are in a real estate market that is going strong and values are increasing then this applies to you. My reliable sources have informed me that Fannie Mae will counter your offer above what their BPO or appraisal came in at.
As of November 1, 2013 they are instructing servicers to submit all offers to them where the net proceeds are less than what they have required They are stating that they want the sales price to be inline with how their REO's are handled.
Posted on February 23, 2013 at 5:20am 6 Comments 0 Likes
Nationstar has taken the position that they will dictate to agents and if you don't like it they will just close your file. Agents need to join together and not accept the silliness of Nationstar. DO NOT ACCEPT 5% commission! DO NOT ACCEPT that they will not pay title insurance or any other state regulated fees. Recently they closed my file because I questioned why they required a separate letter on a LLC buyer's letter head their instruction said .....Continue
Not a lot but yes there are distressed properties.
Thank you. Not a lot but there are more and more short sales I am seeing.