I represent the buyer. We have been waiting for B of A to approve the short sale since Aug 2. The negotiator now wants to extend closing until Dec 6, and we think it's because they are finally…Continue
"I did one with BofA last year where the borrower was denied for HAFA but approved for the HIN program. They had vacated ten months prior, made over 200K/year and were given a check for $5,375 - a nice Christmas present and I have no idea how…"
"HAFA is a joke with some lenders. First of all, HAFA takes twice as long to complete - I sent B of A all the sellers paperwork, the listing, AND an offer at market value back on Dec. 2. they are using Amorecoveries as their 3rd party…"
"Been trying to do one for the past year. The only time I got a quick response was when I contacted the investor (bank of america) directly. Suntrust is the servicer. My trouble is the second which is with Chased and they already charged of the…"
does anyone have any recent experience with Sun Trust? I feel like I'm stuck in the ...." It's in Review...." maze designed to make us think someone is actually looking at the file. I have a very nice person named Rashon who acts like he's on our side, but I'm starting to think he's in that job because he's so nice it feels like you have a "friend" at Sun Trust when in reality nothing's really happening. Also, the 2nd lien is with "Third Federal" and the woman contact there is TOUGH. The…See More
"call me at my office tomorrow (monday) and I will look up a number in a file I closed in 2 weeks - start to finish - in December. I got hold of my negotiators supervisor AFTER he had closed the file. The sup re opened it and from the day…"
"I have been getting 6% commissions on all short sales I represent the seller - I decided last year that for all the extra work I do I take 3.5% and offer selling agents 2.5% in the MLS. I have had agents ask me why the commission is only 2.5%…"
"Need help/advice on SunTrust. They have a new program - single point of contact. I'm wondering if it's their new way of keeping you hanging on even when there is NO PROGRESS. The guy's name is Rashon and he;s as nice…"
"I have a HAFA-approved buyer and we submitted this to B of A back in early December. The first lienholder is Bank of New York. We are 4 days from sale date and it has not been postponed. I thought a HAFA approval automatically…"
"Hi ladies, I just sent in my 3rd party authorization and the complete hardship package to Suntrust on Monday. I have never even heard of this particular lender, and when I just read all these comments, I felt very disheartened.....however, I…"
"I believe when the first lienholder accepts and approves HAFA, the second lienholder must agree to participate. if the borrower qualifies under HAFA guidelines, the only potential problem is whether the actual offer is within the parameters of…"
I will share what I just did but have no concrete success to report since I have just taken these steps in the last week. Since Freddie Mac oversees the HAFA program, I went on their site and filed a complaint against the…"
SFR (Short Sales and Foreclosures Resource), Equator Certified
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?
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Joined Prudential California Realty's Ventura office in January 2010. Licensed Realtor since 1989. Formerly from the Midwest (Chicago, Minnesota, Wisconsin) Lived in Ventura, CA since 1986. Serve on the Pro-Standards committee of the Ventura County Coastal Association of Realtors. Served on Grievance Committee for three years. Have taken and passed all the Brokers courses.
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May 27, 2010
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