Went to legal update seminar. California DRE is cracking down on the various claims and certifications of short sale "experts". Agents crossing the line and providing "legal" consult. Telling…Continue
I have been so frustrated in the past months.....Not with the sellers lenders...It has been entirely with either the buyers lenders and /or the buyers agents. I totally understand the new guidelines…Continue
I am sure this is not just happening here but many areas where the buyers are pushing to take occupancy prior to close of escrow.....While I can understand their frustration and dilemma, this is not…Continue
This past week put to rest a short sale that was lost on Equator , had to bring BofA office of the president in and was still sent to trustee sale in March, fortunately postponed at last minute, re instated purchase offer
and finally closed last week.
This one started in early december.
I will say once I was able to get it to another negotiator BofA did work with us to move things along.
This was a short sale that had been tried a year or so earlier with another…Continue
A few weeks ago I had a BofA short sale originally started on Equator go south really fast.
In fact , I was continually told all was well when in fact it was not.
I had escalated twice and then brought in the office of the president.
At first it seemed like they could help. Then they said no it was going to trustee sale and denied.
this past friday I received approval letters from the 1st and 2nd and escrow was opened today.
I threw another Hail Mary…Continue
You have investigated your options and have touched base with a real estate tax attorney and/or CPA.
It appears short sale will be your best option.
Make sure you have already communicated with the bank that your intent is to perform a short sale.
Find an experienced Agent who has a proven track of short sale experience. Certifications and designations does not always make for a seasoned agent even though many of the…Continue
I have closed many short sales with BofA. In December I had my first one for Equator. I took this listing over after another agent who had it listed and brought in an offer was denied short sale. There was several months separation in between the time I took it over and the original first short sale denial. The investor denied a $289000 offer at that time. It is a condo. Complex has history of several defaults.
Make a long story short, there was several glitches in my…Continue