"Sorry--was the Trustee's sale completed?
If the buyer, and their broker completed a Short Sale Addendum--doesn' that change the normal restrictions on furture offers being presented?"
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Ned replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales
Daniel Sandoval replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"if its chase, they will stop it...they are not sending them to foreclose."
Christopher Gray replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"I agree with team Alfe! Yes, exactly.
If I were that 1st buyer, I would file suit against the seller and listing agent asap!
Can everyone say "tortious interference of contract"? Not to mention negligence and…"
Brian Smith replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"Here is the crazy part...As mentioned earlier, he listing agent is a scumbag who did this because he is about to go to prison and wanted to get the money from both sides of the deal...He blatantly manipulated the seller and the system....However, We…"
Joseph C. Alfe replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"the lender is not the seller, therefore the listing agent made a huge error in taking a second executed contract. Report that agent to your local board. Also, the seller nor the agent is under any responsibility whatsoever to disclose…"
Brian Smith replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"Angela, I agree....but at the present time, Chase has not approved any contracts.....Do they have any obligation to work the first offer before they move on to the next? Or is that just me hoping they have ethics?"
Angela Alfe replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"First of all, if the seller already signed that 1st contract and it is past the attorney review period...it doesn't matter if the 2nd offer was $100,000 more; the seller did a breach of contract by signing another contract while the 1st one was…"
Brian Smith replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"Craziness....any ideas? last week on Monday, the Chase negotiator told us the numbers looked good, package was going to Freddie Mac, and she hoped to get us an approval letter by early next week...Special note:(I am working with the buyer's…"
Mike Linkenauger replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales""many REO agents are notoriously negligent and incompetent."
I'll second that. while there ARE some good ones, most perform poorly. What is even more frightening are these organizations setting up as exhibitors at…"
Mike Linkenauger replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"Awesome news! The squeaky wheel gets the grease! Let us know if it winds up closing and things work out!"
Brian Smith replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"Thanks for the encouragement! I just found out the auction was postponed. We are updating documents and will be assigned a negotiator as soon as that is done. The BPO has been ordered. HERE WE GO!"
Christopher Gray replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"Perhaps another example of a short sale where a "bad, fraudulent" cash investor flipper could play a productive role.
Of course, the banks, the DRE, and others have labeled all cash short sale flips "fraudulent" so I guess…"
Kevin - Greenville, SC replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"I've been trying to beat this in their head for years and is the primary reason in my opinion they end up owning so many properties. Even when the property is an REO it's still very difficult to purchase them for a discount off what…"
Christopher Gray replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"How do you define a "lowball" offer? If it is just $1 better than what the lender would net via REO (not to mention all the additional liability the lender incurs), then that offer is not "lowball"; esp if it is a cash…"
Kevin - Greenville, SC replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"The idea wasn't to get a loan mod, only to apply. If it's not owner-occupied, requesting consideration for a loan mod probably would not work anyways. Best of Luck."
Brian Smith replied to Brian Smith's discussion Any suggestions to stop trustee sale for March 1? in the group Chase Short Sales"He doesn't want a loan mod...this is rental house. He also worn out...I don't think he would cooperate with the process. He was offered to begin one last week but turned it down. We had an offer approved 7 weeks ago but it fell through due…"
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