I'm having difficulty with Regions as a second on a short sale.They are demanding that the seller come to the table with $15K (they can't) or take back an unsecured loan for the FULL amount of the…Continue
"I'm confused as to why you would think it is illegal... They own the property, they are 'allowed' to rent it out and collect $$. They are 'allowed' to not pay their mortgage and go through either a short sale or…"
"You need to get it in writing..the approval letter will generally already say it but if does not have that language on it, ask for it. Make sure, if there is a 2nd loan on the property they also state the deficiency is waived. As for…"
"I'm having difficulty with a short sale w/Aurora. They hold the first and 2nd. Been at this since last June, finally got the file out of HAFA (not approved) and they made us restart the file with a different department in October. I…"
"I have a 3rd party facilitator handle them for me. She's very good at what she does. We also have title companies here that will handle them also. And I AM doing my customers justice by allowing someone else handle that end of…"
"The Short Sale Assistance Desk is currently offered by the Mid Florida Regional MLS, N. NV Regional MLS, Intermountain MLS, SE Minnesota, Pinellas, West Pasco, and other MLSs which will be announced over the next few weeks. I hope this is…"
I work for Fannie Mae on the Short Sale Assistance Desk. This is an excellent service for Realtors who need help with post-offer issues that relate to servicer responsiveness, 2nd liens and/or MI issues.
You can contact…"
"Hmmm. Wish I could help you. I've only done two Ocwen deals and in neither did they touch the commissions. Guess I was lucky. Perhaps it had to do with the investor? The both were also over a year ago. Sorry."
"I have removed the listing and did so as soon as I cleared up with the buyer what was going on. I had no communication from the seller that she had done or was doing this until after the acceptance letters came in. It was then that she notified me…"
"Wasn't me. The seller got nervous that the first deal fell through because the first was taking so long. It too quite some time to get a 2nd buyer. In the meantime the seller went to an attorney because she received paperwork. She figured it…"
"You have done this backwards. Seller should have waited for short sale to be complete, then included the note from Regions into the bankruptcy. Now, you will need a court order allowing the seller to complete the transaction before either lender…"
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Palmcoasting.com Real Estate Corp.
I am an independent Realtor® located in Palm Coast servicing sellers and buyers for Flagler, St. John's and Volusia Counties along the north eastern coast of Florida.
"You relax and let me do the work"
Put in todays date! This is to help stop spammers!
November 3, 2010
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