"Pamela thanks for the reply. The Seller gave up in December after the bank asked for all the documents again. The reason they gave was that they did not know that one of the homeowners was still living in the home (the other is in a…"
"Just had similar situation last month. FHA let it go to Trustee Sale. Went to the sale and purchased it w/ specific power of attorney and cashiers check for very same Buyers. Actually got it for $11K LESS!!…"
"My concern is the arms length requirement. I've done a raft of short sales with Wells, and they're usually pretty hardline about the agents not being related to EITHER of the principals. Not to be a buzzkill, but that could be a problem…"
"My experience with WF on shorts sales (I have done several) - it will be transferred to a "new" negotiator 3 to 4 times - each negotiator will start from scratch to verify the paperwork even though the previous negotiator had already done…"
"FHA is the slowest at WF and BofA. The shutdown didn't help and the 10/1 change didn't either. HUD expects to net 88% of the appraised value, so if your HUD-1 doesn't hit that, you have a problem. Also, the new rules add a BPO to the…"
I am the selling agent for my son on a WF short sale. Under contract 6/21/13, 8/15 told file in line to be reviewed by negotiator, 8/22 appraisal ordered (which came in $2000 over our offer), 9/26 negotiator assigned,10/4 LA receives email saying HUD has come out with a new mortgagee letter. File will be assigned to a different processor so new HUD guidelines can be followed (FYI new guidelines came out 7/9/13 & mandatory 10/1/13), 10/10 the original (not new)processor has file and says…See More
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Bartow and Gordon Counties in Georgia
Short Sale Designations and/or Special Training
SFR (Short Sales and Foreclosures Resource)
Short Sale Transactions Completed
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?
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October 31, 2013
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