The Wisconsin housing statistics are in for July of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to…Continue
Added by Michael Collins, CDPE, SFR on August 29, 2014 at 2:30pm — No Comments
Year Built: 1995
Sq Footage: 2676…
Added by Michael Collins, CDPE, SFR on August 28, 2014 at 8:38am — No Comments
My clients were denied a loan mod back in January and were suggested by Ocwen to find a shortsale agent and list their home for sale. So that's what they did, they contacted me and we listed their home. My clients accepted an offer and we emailed it to the bank along with the RMA and all corresponding documents to initiate the shortsale in March. I was told it would be 45-60 days for the review process and I was given an appt. with the "relationship manager" for end of May. In our first…Continue
Most people easily recognize when the time is right to buy their very first home. They are tired of their current situation and the appeal of getting their own place is too enticing to resist. However, the signs are not quite so easy to notice when it is time to sell the home. Some home owners have a long,…Continue
Added by Michael Collins, CDPE, SFR on August 27, 2014 at 9:11am — No Comments
I recently had a Realtor forward a short sale contract to my office where the Buyer is Economic Stabilization Project. I have never heard of this before and saw some posts on here from 2012. Has anyone has any interaction with them since. I am a little nervous about moving forward with the short sale for the clients as I have not really been able to get much information on the company.
Any information anyone has is greatly appreciated.
Added by Jennifer Martinez on August 26, 2014 at 8:29am — No Comments
I have a client who purchased her home with a BOA financing. A year later she applied for a home equity again thru BOA. BOA sold the home equity to Ameristar. Simple enough, BOA is the primary, Ameristar is the secondary. Well no, apparently when she applied for the home equity, BOA somehow made that the primary making the primary secondary. Now she is doing a short sale. How do I figure this out for sure?
Added by Gloria Rivera on August 12, 2014 at 12:56pm — No Comments
Does anyone know if there is a way to find out if a bank will waive the difference on a balance owed from a short sale? Are there any banks that absolutely will not waive it and send a client a 1099?
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Added by Michael Collins, CDPE, SFR on August 11, 2014 at 2:16pm — No Comments
I have a divorced couple doing a short sale. They are both very cooperative. Banks aren't. The wife went back to her maiden name and banks will not accept her authorization with her signature under the maiden name. I can get her to sign in her maiden name but will her docs such as filed taxes and pay stubs be an issue. I already have buyers who really want this home.
I have a buyer who has been trying to buy a short sale property for the longest time. He wants this house. It has foundation issues. We gave an engineers report to the listing agent. Cost to repair is $75,000+. House was listed at $157,000 bank wants $154,000 plus they want a promissory note from the seller for $18,000. Is this legal? Also, I asked the agent to file a dispute with Freddie Mac, it's been almost 2 weeks. How long does it take Freddie Mac to reply?
We want to help get homeowners get their money back who were charged upfront for a loan modification review in California. If you know anyone who falls into this category and who would like to try to get their money back please let me know as I can get them free assistance in this matter.
Added by Brett Goldsmith on August 6, 2014 at 4:00pm — No Comments