Hello ... My short sale closing date with my buyers who have been waiting 10 months is march 23. However due to $2500.00 on the HUD which we are willing to pay ... A company called DCS which holds my second will not allow And ultimately going to out my home through a foreclosure and me in financial ruins when we are wiling to pay the additional $2500.00.... What can we do they won't return our layers calls and scream and yell and hang up on his para legal??? Is there anything we can do???

It’s time to take another look at short sales:

As recently as a six months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing…

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Well, I must admit that I have never lost a deal due to "2nd lien holder not agreeing" to pay off.  I have hear Realtors complaining about it all the time.  I just never had any issues, I usually fight very hard on this ones and I always get them my way.

My problem comes that the actual negotiator is telling me he sees in NO WAY E*TRADE will accept less.  He states he has never seen ETRADE making discounts...  I've been told this many times before, but some reason I expect…

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If you want to see the full story it can be seen at www.shortsalenurse.wordpress.com  Take a look... This will give you some insight on what it takes to work with PNC BANK... Share this with all your REALTOR friends.. I clearly state I do not know how I could send any one to them for a Mortgage when they…

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ANYBODY FROM BOFA SHORT SALE PLEASE ..I NEED SOME CLARIFICATIONS.

THANKS

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Is Your Mortgage out of Balance with your Budget?

 It can happen quickly....

An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of…

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Inventory is down in all segments of the market in the Silicon Valley and multiple offers are driving prices up. However, there are still short sales, and in some areas they make up a good percentage of the homes for sale. Here are the numbers:

 

Palo Alto: Single Family Homes and Condos for Sale: 48 Short Sales: 0 Percentage: 0

Mountain View Single Family Homes and Condos For Sale: 39 Short Sales: 2 Percentage Short Sales: 5.1 %

Sunnyvale: Single Family Homes and…

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The real estate market in the Silicon Valley is very heated up this days, but there are still plenty of short sales being offered. Many of these short sales are in higher price ranges that have previously not seen a lot of short sale activity. What that means is that agents who do not have a lot of experience…

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Auroa Bank offered the 2nd. lien holder Realt Time Resolutions 10% of what is owed to them and RTR won't accept the amount they want about 900.00 more.  The agents wanted to contribute to close the deal and Aurora won't allow it.  I am in a catch twenty two, any suggestions!!  Please Help

I just got approval on a Wells Fargo Short sale in San Jose. It was both a long and short road.

The long road first:

Town home put on the market in October of 2011 at $575,000. After one week we received an offer for which the seller accepted and it was sent to the bank.

Sellers were not behind on payments but are getting divorced and neither one can afford the home alone or…

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I am negotiating a short sale with ETrade as the investor for a HELOC with a balance of $47,000, serviced by CLC.  The negotiator says ETrade is demanding $18,880, roughly 40% and the first has offered $4600, up from their original $3000.  I can't get ETrade to budge after months, and we have already lost one buyer and are about to lose a second.  Any advice on dealing with ETrade?  Please do not advise paying down the second 'off the HUD' or any other illegal practices.  Thank you!

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Hi Superstars, We have 2 great upcoming Webinars for you guys.

• March 9th is all about Pay Per Click (PPC).Andrew…

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A condo has a renter with a 1 yr lease with 4 months left that gave the owner a deposit of $1095. The seller has no credit in the escrow for the $1095 to come from. The bank's approval letter does not mention the renter's deposit therefore it won't come from the banks proceeds. I've requested an estople. The seller is out of state, so I know I must get the deposit into escrow before closing or I won't see it. Does anyone have experience with this situation? Any…

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Whether you are an agent that mainly focuses on supporting buyers, sellers or both you have to do the best job that you can for whoever your clients may be.  Are you working with a “good” agent or are you working with a “great” agent?

What makes a “Good” agent?

I think there are tons of “good” agents out there.  A good agent is someone…

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I'm negotiating a settlement with a 2nd lender (PNC Bank) and their offer entails the seller giving up $10K at closing, PNC will charge off the balance on the loan, they will issue a 1009 A on the balance, and they have made it clear they intend to pursue the seller for a payment plan after the closing. 

My Question is how can they charge off the remaining balance, sent us a 1099 and then come after us for more money? Can that even be legal?