Reason for Default

Need some assistance. Can anyone confirm when initiating a Nationstar short sale in Equator, when selecting your “Reason for Default” is …

Started by Maurice Stover

Loan Mod

Has anyone heard of an heir to a property being able to work out a loan mod on a property when not on the mortgage??? The heir is disabled…

Started by Sharon L. Ellsworth

Auction.com issue at foreclosure sale

I got asked recently why I, as a lender, would be on this forum. Granted, it's mostly agents communicating with their peers, sharing best p…

Started by Ron Scribner

New HUD PFS mortgagee letter prohibits dual agency????

New HUD PFS new mortgagee letter effective 10/1/13. HUD 2103-23. This Inman News article http://www.inman.com/2013/09/20/nar-hud-shooting-…

Started by Tony and Robin Pickett

Limited Agency Changes for FHA HUD Short Sales

Hi! Just received and email this morning from BofA that states as of Oct 1, 2013 an agent (nor broker) can represent BOTH seller and buyer…

Started by Elizabeth Nance

Short Sale Approved, Now BOA stating Final HUD has to change, SBA not allowing it to change

Hello, I have a client with a first mortgage through BOA and the 2nd through SBA. The preliminary HUD was finally approved by both banks. …

Started by Peggy Kormylo

Property is not Investor insured so denying short sale?

I have a short sale with WF and I was told this morning that the Investor (Deutsche bank) is denying the short sale due to it not being Inv…

Started by Karyn Mariscal

Fannie Mae Hires an Officer It Alleges Defrauded It -- and Finance Cheers

Oh Boy! Fannie making more stupid decisions... Fannie Mae Hires an Officer It Alleges Defrauded It -- and Finance Cheers

Started by Jeff Payne

Citi Charged off Heloc: Can't do short sale becuase they can't upload the loan

Citi Recovery dept told me they cannot continue with the short sale because they cannot push the loan or upload it to do a short sale. My…

Started by Omar Senghor

Central Mortgage Loan Servicing

Has anyone had experience dealing with Central Mortgage Loan Servicing on a short sale?

Started by T Arnold

SSI Income Question

I have a client who receives a disability check that comes in for her grandson, on which she is the payee. Does she need to declare this in…

Started by Scott Fain

Nationstar / Auction.com

A short success story. I fought Nationstar on Auction.com and won. Lots of research on this forum helped and I even got a call from an ag…

Started by SGJ

47 days and no approval from BOA. What the heck is going on?

Our offer was accepted and submitted to BOA on 07/26. It's now over a month later and NO approval or counter in sight. On 08/05 a BPO was d…

Started by Frustrated

ME vs Auction.com & Nationstar

I have been a BAD AGENT. I am getting a call from Nationstar and Auction.com tomorrow for not wanting to cooperate with there short sale CO…

Started by Sidney Kutchuk

MGC Mortgage

Would 4 years trying to close a short sale be a record ? I have a listing in new Jersey that received its first offer back in 2009 W…

Started by P Nicolas Velecico

Confused buyer on SS serviced by Nationstar

Hello; thank you for making a site such as this open to the public. What a wealth of information! We are the buyers on a SS serviced by Na…

Started by kelly busch

Promissory Note Settlement post Short Sale Closing

Part of my short sale agreement included a promissory note through United Guarantee for $18k. The short sale negotiator recommended making…

Started by Roger Monaco

Are Short Sales Changing ???

We process lots of short sales here in Central Ohio. Recently in about the past 4 months we have seen the landscape of short sales changing…

Started by Scott Marvin

Connect the dots... Altisource

Detail by Entity Name Foreign Profit CorporationALTISOURCE SOLUTIONS, INC. Filing InformationF1100000405526445065110/10/2011DEACTIVE Princ…

Started by Jeff Payne

Altisource acquires Equator, just in!

Just got this email...... We are excited to announce that Altisource®, a premier marketplace and transaction solutions provider for the rea…

Started by Jeff Payne

Just submit any offer or wait for the RIGHT offer?

I've had MY way of doing short sales for the past 7 years. I think my way works, but I am always open to new ways of doing things, and new…

Started by Drew Ludlow

Economic Stabilization Project

Has anyone done a deal with "Economic Stabilization Project"? They (Jay Grant) have joined Short Sale Superstars and are proposing that the…

Started by Barry Levy CDPE

Has anyone had a short sale not go through after closing escrow for any reason?

A true nightmare to be sure, but has anyone ever made a mistake of some sort where they go through the entire close of escrow, money is wir…

Started by Donna McClelland

Short Sale Can anyone help answer this question??

Can anyone help me to understand why Wells Fargo would approve a short sale to the sellers and also foreclose simultaneously? The short sa…

Started by sandra McCumber

Join our referral program

HSBC Commission Rates - Beware

We finally received approval for a complicated transaction that began 5 months ago. Along with the approval it stated it would be a 4% comm…

Started by Jane Davies

Merrill Lynch and PHH Concern

We have a short sale where ML is the investor and PHH is the servicer. After escalating the concern with ML, I quickly learned that ML buil…

Started by Alexander Villegas

Flagstar Bank

Hello Agents, Does anyone here have a way to contact a Manager or Supervisor at Flagstar Bank? I have a short sale submitted (they still h…

Started by Jo Souza

ME vs Auction.com & Nationstar

I have been a BAD AGENT. I am getting a call from Nationstar and Auction.com tomorrow for not wanting to cooperate with there short sale CO…

Started by Sidney Kutchuk

Flagstar FHA short sale condo HELP!

I am trying to assist a family member with a disability who has been waiting on a Flagstar FHA short sale condo since October 2012. The se…

Started by Kimberly

Short Selling rental home tax problems

I am really confused on short selling our rental home. The home is worth 188,000 according to appraisal done last week. I have a short sal…

Started by kevin ingold

How much will Freddie Mac allow a Jr lien holder to receive?

My Wells Fargo negotiator (servicer for the 1st Freddie Mac lien) is claiming that Freddie Mac will allow $6,000 or 10%, whichever is les…

Started by Jim Brown

Sellers leasing home back from buyers

Does anyone know anything about Sellers shortselling their homes and leasing them back? I was always told that banks will not allow the se…

Started by Norene Williams

Fannie Mae-why I now LOVE you

Citi servicing this short sale. Major delays up front with file as there was a 45 day "glitch" in their system. Finally they got the file…

Started by Wendy Martin

JOIN THE ADVANCED TRAINING AND REFERRAL GROUP HERE

Will investor ever deal directly with the shortsale buyer and hold paper

My buyer likes to think outside of the box. He's in escrow on a short sale and asked me if it's possible to go directly to the investor an…

Started by Thalia Poulos

Do FHA Short Sale Limits Buyer Closing Cost to 1% ALWAYS?

I represent a buyer using VA loan. Short sale seller has FHA loan, but list agent says only 1% allowed for my buyer's closing costs. I th…

Started by Frank Biganski

Section 8 Tenant in Duplex being short sold!

Does anyone have a clue if a section 8 tenant will be eligible for relo money in an investor short sale? 1st lien BoA 2nd Lien Chase-proper…

Started by Ann E Richardson

We just found out that our seller has a restraining order going on in Maryland District court

Does anybody know if this is a serious issue when it comes to selling a house? Can the seller actually sell the property?Seller is alone in…

Started by Patricia Bravo

US Bank Escalation Contact Needed

Who can I call? The negotiator repeatedly escalates to his supervisor to no avail. Property with SS package and offer sent in. Can't eve…

Started by Linda Cadotte

Wells Fargo Short Sale - About to enter foreclosure status next month - Need Advice

Wells Fargo short sale but seller contacted me too late... was already 4 months behind in payments. Property has been on market since Marc…

Started by Frank Biganski

BOA FHA RUNAROUND

Thank you for taking the time to read this quick note. I am turning to you as a last resort and i Am baffled at my experiences with boa B…

Started by Jusridn

BofA exposed by former employees...

What we ALL knew to be true is now in print. How many short sale clients told you this same story??? http://www.huffingtonpost.com/2013/0…

Started by Wendy Martin

Timeframe to purchase after a short sale?

Does anyone have any information to share as to the time frame to re-purchase after a short sale? Thank you for the info!

Started by Kristy Hamilton

Ocwen forcing a executed contract to go to altisource their company auction site Hubzu

I put in for third party authorization for a short Sale ocwen owns the first and the second, no sooner did I send over I started to receive…

Started by Wayne gebhardt

Freddie Mac Escalation for BofA Short Sale

We've had a short sale offer submitted through BofA that has been sent off to Freddie Mac to approve. It's taking a very long time to get…

Started by Diane and Doug Briggs

Freddie Mac denied PCS orders hardship; payments on time

My husband is active duty, we used the PCS orders hardship that came out in August 2012. Today, FM denied our short sale request based on…

Started by Darlene Parker

Issues with Verbiage in Wells Fargo's HAFA Short Sale Approval Letter

1st lien holder = Wells Fargo 2nd lien holder = Chase HAFA short sale currently in escrow to close at the end of the month. Need approval…

Started by Jude Cutrone

Loan modification with principle reduction gives owner equity---Owner says...SELL!

An old client recently completed (4 months ago) a loan modification, with a significant principle reduction to his loan, giving him approxi…

Started by francisco Ramirez

Banks manipulating appraisals?

Just had a nice long conversation with an appraiser who is getting alot of REO and short sale appraisals. Out of frustration, I called him…

Started by Jeff Payne

Advice needed on short sale & dual agency

I was contacted today by a lady referred to me by one of my current short sale clients. This lady explained her father passed away and the…

Started by Sharon Burgos

Is this normal for BOA??

I wonder if anyone has had this kind of dealing with BOA?? I was a buyer on a BOA short sale property. Made the offer and it was accepted…

Started by Deanna B

CBCS is the third and is holding my short sale hostage

I need really good upper management information. I know its a collection agency. We have a home listed that back in 2007 was worth abou…

Started by Terri Barrow

Anyone out there completed a Chase short sale that is active in bankruptcy??

I've negotiated tons of short sales, however none have been in "active bk". I am reaching out to anyone who has completed a chase short s…

Started by Adda Pina Renner

HOA PAYOFF WITH BUSINESS LAW GROUP PA/ TAMPA FL

Hello Superstars - have you had any success with negotiating HOA payoff when it is handled by Business Law Group PA out of Tampa. My short…

Started by Anna

Electronic or Wet Signature for US Bank VA Compromise Short Sale

Hello Jeff Payne and anyone else who may know the answer... will US Bank allow DocuSign/electronic signatures from a buyer on a VA Comp sho…

Started by Frank Biganski

Fannie Mae and Freddie Mac Control MLS Market Time

Fannie Mae and Freddie Mac are now dictating market time. Short sales that are Fannie Mae or Freddie Mac loans must be active in the MLS fo…

Started by Wendy Rulnick

Another awesome Short Sale Superstars Referral closed!!! Wendy Rulnick, the check is in the mail! Thanks so much for the referral Started by Jeff Payne	1	on Thursday Reply by Wendy Rulnick

Credit Repair Business Opportunity

Good morning Superstars. Today I want to talk a little bit about Credit Restoration. As many of you may know TLW and I went through a very…

Started by youLatest Reply

MEMBER WEBINAR: How To Turn Short Sale Sellers Into Buyers

How to turn Short Sale Sellers into BUYERS! Join us for a Webinar on July 3 Space is limited. Reserve your Webinar seat…

Started by youLatest Reply

FICO Credit Scoring of Short Sales Compared to Foreclosure

This is a really interesting article by Yves Smith of Naked Capitalism on"FICO's Dubious Explanation of Why It Treats Short Sales the Same…

Started by Wendy RulnickLatest Reply

Ocwen and FHA Loan Modification Guidelines

I have been negotiating with Ocuwen to get a short sale approved for a client. After the initial runaround of having to send the same pape…

Started by Linda C. Babbitt

Property underwater due to 2nd equity line

Preparing to list property where we're close to payoff on the first mortgage (BofA). Sellers have a 2nd HELOC (5th 3rd) that puts them unde…

Started by Amy L Augenstein

Can't get PNC to Budge on 2nd Lien Payoff!

I have a short sale with BofA as the 1st and PNC as the 2nd. PNC wants $15,000. BofA will only give them 8%. I got the buyer to kick in som…

Started by Kelly Townsend

Is our bank required to give us a copy of the BPO or appraisal they had done on our property? Disputing value of home

We are in the beginning stages of disputing the value of the home we are attempting to do a short sale with. I do not understand the proce…

Started by Darlene Parker

Duel Tracking - Nationwide?

Hi, this might be a silly question but is the New Duel Tracking (Homeowner’s bill of rights) law Nationwide or just in CA? Do you know if…

Started by Russ Trinidad

SUNTRUST MORTGAGE NOT WAIVING DEFICIENCY

I have a short sale with one mortgage with Suntrust. The principal balance of the debt is $386,000, and our offer is $370,000. Suntrust wi…

Started by Marti Watson

Principal Curtailment Payment

Hey Everyone, This is a first for me. We are working with a short sale and there are two loans on the property. The first is a fannie ma…

Started by Freddie Castaneda

BofA PFS Short Sale / Deficiency Waiver?

I have a BofA short sale... We just got the approval letter. However, we cannot figure out where it waives the deficiency. When I ask BofA…

Started by Matthew Jeschke

Franklin Credit Management Help

I just got an approval letter from Franklin, 2nd lien, saying that they will only release the trust/lien, but will reserve all the rights t…

Started by Trong Dang

Junior lender declines HAFA approval

We have had a lot of recent success with our short sales, but we have just now experienced first hand, the drastic changes coming to our pr…

Started by Erik Larson

4 Liens and no cooperation...

Short sale with four liens: BOA first will only give second 734 will not budge SLS second Demanding 1500 will not budge One credit card wit…

Started by Dawn Maloney

Secret Appraisals

This is a great article that I have read and re-read. Kudos to Bryant Tutas for writing and sharing it. From "Short Sales Are Serious Busin…

Started by C. McBee

Updates on Fannie Mae & Freddie Mac Inflated Value Issues

Just looking for any input on others experiencing the Fannie & Freddie inflated value issues. Any recent updates or solutions? I have…

Started by Raymond Kennedy

VA not responding to Chase

Chase picked up a loan the first week of March from Met Life. We turned in a full package the first week of March as soon as Chase assigned…

Started by Holly Jessop

FHA and Chapter 7

Good morning Superstars, I am working a short sale where the seller's moved out of the home and are renting a home for cheaper than their…

Started by Marlon Rankine

Do You Need More Short Sale Listings?

Short Sale Superstars wants to make generating Short Sale leads easier for you. So.....

.....here is a FREE one hour course on Short Sale Lead Generation that may help you.

Let's make 2013 a banner year for Short Sales. Together we can help a lot of folks avoid foreclosure.

FROM NAR: GSE Short Sale Valuation Problems

THIS ARTICLE IS FROM NAR Beginning in the latter part of 2012, a number of REALTORS® across the country reported that Fannie Mae had start…

Started by you

REDC Gross Mismanagement of Bank of America file - Escalation?

I'm a 3rd party negotiator and I've been working on a HAFA short sale since August, 2012, when I jumped in. File is Bank of America being…

Started by Linda Ippolito

Required FHA Repairs & Looming Foreclosure - Workaround?

Can anyone think of a way to get around this? The appraiser noted the following FHA required repairs. The short sale bank will not make o…

Started by Maria Strong

1st lien only giving 10%, 2nd NCI wants 20% .... I'm looking for a contact at NCI

Anyone have a contact for escalation at Nationwide Credit (NCI) they took over the 2nd lien from Ocwen, its charged off. Onewest has allow…

Started by Marty Macisso

Nationstar "lien Approval Letter"

I am in the beginning stages of imputing a Fannie Mae short sale into equator they are asking for a "lien approval letter". Any idea what t…

Started by Mike McGraw

Freddie Mac denied PCS orders hardship; payments on time

My husband is active duty, we used the PCS orders hardship that came out in August 2012. Today, FM denied our short sale request based on…

Started by Darlene Parker

How long does it take NS Nationstar to issue the written short sale approval letter?

Looking for someone with recent experience. Your time line would be most appreciated! On 4/15/13 NS countered the purchase price, to which…

Started by L Wall

FHA Short Sale Now Auction

Seller came to me to list his FHA short sale, and he was already 6 months behind in payments at that time -- this past April. FHA Approval…

Started by Frank Biganski

What is the max amount that Fannie Mae will pay to subordinate lien holders?

I have a short sale going with Chase as the 1st lien holder, SLS as the 2nd lien holder and an attorney who is representing Discover card a…

Started by Team Thayer

Is $8,500 required to the junior lien holder in a HAFA short sale?

I have an approved HAFA short sale with Wells Fargo on the 1st. The junior lien holder (Chase) is saying they will not accept anything but…

Started by Amy Owens

Thoughts on Fannie Mae's Homepath ShortSale Escalation portal! Are your overpriced counters getting resolved? yes or no

Hi all! Time to check in and register your thoughts about the wonderful portal to fixing nothing...suggested by Fannie Mae! The reason the…

Started by Sheyenne Schultz

BECU denies HAFA short sale even though Seller qualifies...

I am currently working on a short sale right now where BECU straight out denies participation in a HAFA short sale because they don't allow…

Started by Trong Dang

Commisssion Reduction Requests

General Questions; Since 2006 when Short Sales the norm; 1) Have you been asked / told to cut your commission? 2) Did you agree to do it?…

Started by Thom Colby CA Broker

Updates on Fannie Mae & Freddie Mac Inflated Value Issues

Just looking for any input on others experiencing the Fannie & Freddie inflated value issues. Any recent updates or solutions? I have…

Started by Raymond Kennedy

Denial Letter 9 days before closing

Yes, that's right, I already had the approval letter in hand and everyone was proceeding to the close date. The buyer did their inspection…

Started by Mike Rizzo

What to do when you are only "a little" short

2 liens - short approx $10-15K - would you approach the first or the second lien holder to request a short sale?

Started by Angela Gandolfo

Ocwen - Getting the proper package sent

Doing a short sale, Downloaded package, sent everything in. I called them and they told me that I needed a different package because the lo…

Started by Janet Livingston

Short Sale Success in Massachusetts

The most difficult short sale I have had was an $800,000 property that had 3 mortgages and IRS tax line and a creditor lien. I was able to…

Started by Kevin Vitali

Bank of America "soft decline"

Has anyone had Bank of America approve the short sale and accept a back up buyer right after the first buyer backed out? They call it a "s…

Started by Amy Donley

9on Tuesday
Reply by Patricia Bravo

NationStar short sale successfully completed via Equator Just closed a short sale with NationStar yesterday via Equator. I got the deficiency judgement waived for the seller. I initiated the sale… Started by Travis Harris	0	20 hours ago
URGENT-Need help with battling Fannie's inflated values Short sale worth 180k supported by comps, Fannie counters back at 220k. Buyer will walk, and sellers will need to go back on market at 220… Started by Wendy Martin	3	23 hours ago Reply by Simon Campbell
SS process once the property is entered into WF equator system 4.5 months ago my husband and I submitted an offer on a home listed as a short sale property. It was quickly accepted by the seller (on Oc… Started by Britt	0	yesterday

FANNIE MAE COMMITTING FRAUD IN SHORTSALE BPO VALUATIONS! OVER INFLATED PRICE FIXING!

Anyone out there experiencing the short sale nightmares going on with Fannie Mae with OVER INFLATED pricing going on and OVER INFLATED VALU…

Started by Sheyenne Schultz

New Property Preservation Teams Changing Locks on Short Sale Properties

We have had two recent approved Short Sales from SETERUS and OCWEN who have sent in Preservation Teams from (Safeguard Properties) to chang…

Started by Michael P. Jensen

GREEN TREE and FNMA appraisal

I am in contract and offer price is 161K. Home in in LAS VEGAS and with GREEN TREE, sale date is 5/1/2013. Same model & size and bit be…

Started by Wearesc

Nationstar shortsale...Buyer using Nationstar for new loan

UGH!! This was a very very bad idea! Should have never let buyers do this, but they wanted to because it was the only way Nationstar would…

Started by Alicia Messa

Dignified Transition Services - DTS

DTS has been running ramped in my area contacting any realtor with a listed Bank of America loan, any one else experiencing this?

Started by Sabrina Teplin

RPR and Fannie Mae

Comments on this announcement from RPR (Realtor Property Resource) and Fannie Mae. ? RPR Teams With Fannie to Speed Short Sales DAILY REAL…

Started by Wendy Rulnick

FROM NAR: GSE Short Sale Valuation Problems

THIS ARTICLE IS FROM NAR Beginning in the latter part of 2012, a number of REALTORS® across the country reported that Fannie Mae had start…

Started by you

Is it investment property or not?

I have a seller who was living in his house up until the time that he moved in with his girlfriend. He was renting his house out until the…

Started by Joanne Finochio

Advice requested regarding BK property purchase

Advice requested...Question regarding BK property. Found a house I wish to purchase. Has been vacant for 4 years. Mortgage held by Wells Fa…

Started by Nancy DiPasquale

4 Liens and no cooperation...

Short sale with four liens: BOA first will only give second 734 will not budge SLS second Demanding 1500 will not budge One credit card wit…

Started by Dawn Maloney

Referral Agents Needed for Columbia LA, Des Plaines IL, Deer Park TX

Short sale listing agents needed for listing referrals. See below. Email Wendy directly itswendy@rulnickrealty.com if you are interested i…

Started by Wendy Rulnick

SS with bankruptcy

My seller has a first and a second lien, the second lien is part of her bankruptcy proceedings. Will the first need to give concession to…

Started by Julie Lyons

HSBC Commission Structure

I was unaware of HSBC policy to only pay 5% commission until I got my approval letter. My listing contract and advertised co-op rate was 6%…

Started by Sherry Chastain CDPE

FHA Title 1 Home Improvement Loan - Service Finance Company

I am working a short sale with a 1st lien with Ocwen and a 2nd FHA Title 1 Home Improvement Loan with Service Finance Company. I have never…

Started by Diana Stehling

Fun Game: Find the missing assignment or don't close - please help

Of course I have an approved short sale in closing and the title company comes back with a nice request : Find the missing assignment from…

Started by Marty Macisso

SPS - HELP

Ok. I have been working with SPS and accepted the counter offer... it is taking 10+ days to image docs that are submitted... then is anothe…

Started by Jill Schappel

Keep paying on Promissory Note from 5 yrs ago for shortsale ? Mortgage Debt Relief Act?

I had a homeowner call and ask "Did she have to keep paying on the Promissory note that she signed 5 yrs ago before the Mortgage Debt Relie…

Started by LORRAINE DSOUZA

CBCS is the third and is holding my short sale hostage

I need really good upper management information. I know its a collection agency. We have a home listed that back in 2007 was worth abou…

Started by Terri Barrow

CitiMortgage FHA Short Sales

What is going on with these lenders?! I had 6 different CitiMortgage team leaders tell me that they are unable to review a homeowner for th…

Started by Alexis Adams

Caliber Home Loans? Charges agents FEE to use their negotiation system???

We have a new sale that came in and it went from Vericrest to Caliber. Haven't dealt with them so we went to their site which directs you…

Started by Smitty

WEBINAR: How to Set Up Your Lead Nurture Campaign to Grow Your Real Estate Business.

Good morning Superstars, Take a wild guess as to how many Real Estate Agents we engage with that DO NOT have a lead nurturing campaign!!…

Started by you

Divorce and ex won't cooperate

I have been working on this shortsale for 3+ years and 4 different buyers. The first is with BOA which I thought was the worst but the 2nd…

Started by Norene Williams

BofA HAFA Short Sale

Hello anyone have any experience with these. I am a buyer and put in a offer in one and offer was accepted by seller. Listing agent said th…

Started by edub

Who is Your Favorite Short Sale Lender or Servicer?

I'll start. BB&T, PNC and Bank of America: BB&T and PNC for being straightforward and their quick response time. Bank of America fo…

Started by Wendy Rulnick

Shortselling 2nd lien only, questions

I am a buyer recently involved in short sale. Owner has 2 liens, both with 1 major bank. The listing agent told us the owner is just shor…

Started by Layla John

Has anyone dealt with a Mortgage Insurance company saying no to a short sale? Can they stop it?

I've been on here several times with posts of a HORRIFIC short sale. I am the owner of the house involved in the short sale process which…

Started by Carolyn Roberts

Updates on Fannie Mae & Freddie Mac Inflated Value Issues

Just looking for any input on others experiencing the Fannie & Freddie inflated value issues. Any recent updates or solutions? I have…

Started by Raymond Kennedy

Nationstar / Auction.com

What's your story? Is your client being forced into Auction.com?

Started by Thom Colby CA Broker

What Do You Think About The Short Sale Lease Back Program?

Hi guys, Wondering what your thoughts were on the short sale lease back program that is starting gain traction in the short sale arena. Sh…

Started by Peter J Kim

Freddie Mac Audited - Be proactive!

I just got off of the phone with Freddie Mac, only to find that my assigned account manager has been moved to a new division due to "restru…

Started by Teresa Keeler

Discharged Bankruptcy - Short Sale

Does anyone know the guidelines for a discharged Chapter 7 Bankruptcy? FHA LOAN: Chase 1st, PNC HELOC Does the seller have to provide all o…

Started by toni blount

Do You Need More Short Sale Listings?

Short Sale Superstars wants to make generating Short Sale leads easier for you. So.....

.....here is a FREE one hour course on Short Sale Lead Generation that may help you.

Let's make 2013 a banner year for Short Sales. Together we can help a lot of folks avoid foreclosure.

Can a Bank set their own HAFA Program Guidelines?!!!

Hello, We have been negotiating a Short Sale that had originally both mortgages with Homeward Residential. Now, the 2nd was transferred to …

Started by Jorge Mier

PLEASE HELP!!! Wells Fargo decline SS with unrealistic value and many red flags that was never addressed!!!

Situation: Property Listed since 09/18/2012 at $280K and since dropped to $260K, I had 4 buyers with 3 mutuals, first 2 was offer at $255K…

Started by Trong Dang

Question - Can a real estate agent BUYING an FHA short sale property (Seller has an FHA Loan that is being shorted), get paid a commission?

I have been doing short sales for more than 8 years now for agents all over the country and EVERY time a Servicer has known the Buyer is a…

Started by Ben Benita

GreenTree 3rd/FannieMae 1st - Closing today at 3pm EST - Hellllllllllllllp!

Short sale with 3 mtgs. 1st: Fannie Mae; 2nd: GMAC; 3rd: GreenTree. Have all approvals. 1st and 2nd waive deficiency. 3rd states that…

Started by Kristy Hamilton

Fannie Mae fixed pricing

Yes, we have been experiencing the same fixed pricing attempts by FM as well here is N. Florida. Its very disheartening to a seller who has…

Started by Kiann Lewis

Sign The Fannie Mae Petition Here

Good morning Superstars. As most of you know Fannie Mae is creating havoc in the short sale world with their new way of placing values on…

Started by you

MUST READ: Pennymac Short Sale Supervisor Says He Knows & Doesn't Like the Buyer ??

I had to write about this-- maybe because of freedom of speech or just to see if anyone else finds this to be strange. I have been working…

Started by Sara Mehrpouyan Los Angeles CDPE

Credit Repair Business Opportunity

Good morning Superstars. Today I want to talk a little bit about Credit Restoration. As many of you may know TLW and I went through a very…

Started by you

Tenant's offer rejected based on "arms length" transaction definition

have a short sale where ASC is the first trust. The short sale property has been rented out and the tenant wants to buy it. ASC is saying…

Started by Lisa Jalufka

Who owns the loan?

I am buying a short sale. The sellers agent and the company I am using seem to be very unhelpful. I do not even know who has the loan on th…

Started by Lauren

How Long?

I am buying a short sale and I have my mortgage on track, the inspection done, the deposit down and the offer in the hands of the bank. I r…

Started by Lauren

Evaluating if you have enough time to short

How do you evaluate whether or not you have enough time to complete a short sale? For example... if a Seller calls you and the sale date is…

Started by Drew Ludlow

Updates on Fannie Mae & Freddie Mac Inflated Value Issues

Just looking for any input on others experiencing the Fannie & Freddie inflated value issues. Any recent updates or solutions? I have…

Started by Raymond Kennedy

Freddie Mac denied PCS orders hardship; payments on time

My husband is active duty, we used the PCS orders hardship that came out in August 2012. Today, FM denied our short sale request based on…

Started by Darlene Parker

Nationstar forced us to use Auction.scum and now accepting a lower offer than ours by $25K

We too were forced to use auction.scum by Nationstar bank. After the 72 hour turnaround time for Nationstar to make a decision and get bac…

Started by Raquel Alberty

Anyone have any advice?

Have a short sale that is going on forever. We got the listing in Feb 2012. Got a buyer within a month. April the negotiator sent a respons…

Started by Bonita (Bonnie) Seide

Seller says no to Short Sale Offer

I'm new to short sales and I am representing and investor that placed an offer of $1.2M towards a short sale property listed at $1.9M. Why…

Started by Dennis Williams

BSI Financial Services Inc.

Anyone have any experience with BSI Financial Services Inc.?

Started by CJ Wright

BofA-FHA Question

Hi superstars! FHA short sale...BofA states they are no longer allowed to order 2nd appraisals, after the first one has expired (it was c…

Started by Corinn

Chase changed locks

10 days after closing a short sale, I recieved a call from a preservation company that they had orders to change the locks. I told them the…

Started by Jill Slyter

BOA/HUD SS approved after a year but inspection reveals major problems

Hi all. I am the buyer of a BOA/HUD short sale that was just approved after a VERY painful year of dealing with BOA. We could never have go…

Started by Liz Clark

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