In 2007 the Sunnyvale market was very competitive for buyers, especially for homes in the Cupertino School District. Many homes were getting multiple offers (like today) and nerves were often frayed (like today). I was working with a very nice couple who were looking for a single family home with Cupertino schools. They made several offers before one of their offers was finally accepted.
One house came on the market in…Continue
Added by Marcy Moyer on June 29, 2012 at 7:01pm — No Comments
Washington, DC – http://http://www.fhfa.gov/webfiles/24026/CFPBFinalwFS.pdf…Continue
what can you do if the incentive before but the buyer took too long to close and when you ask for an extension they took the incentive away.
Added by richard persaud on June 27, 2012 at 2:12pm — No Comments
Junior Lien Holder is claiming the HIN & COOP Incentive allocated from BofA to the distressed home owner
Details of transaction:
This SS with BofA has been negotiated and approved as a COOP short sale, the initial approval was issued with the following conditions:
Buford Dacula GA Short Sale Homeowners
According to the latest numbers, delinquency rates are headed up again. Lender Processing Service, Inc. revealed that delinquency rates increased for the second month in a row after declines.
The main reason for delinquencies is the unemployment that is in this country. States like Nevada, Florida…Continue
Added by Roland Lorans on June 21, 2012 at 2:30pm — No Comments
Just received the new and improved WF Demand Statement 'Approval Letter' which clearly states that:
'nothing in this Demand Statement or in the release of the note shall waive the right to seek a deficiency under the loan documents or any of its other rights thereunder, and the obligations evidenced by the note shall remain in full force and effect until paid off.'
The letter starts off with Re: Demand Statement for Loan # xxxx
Added by Michael Collins, CDPE, SFR, BPOR on June 19, 2012 at 11:55am — No Comments
Short sales are starting to become the preferred method for banks
to dispose of properties in default. In short sales, borrowers
who owe more on their mortgages than their homes are worth agree
with their bank to sell their homes at the lower market value. In
return, the bank agrees to absorb the loss. During the last
quarter of 2011, there were more than 88,000 short sales, up 15%
compared with a year earlier, according to RealtyTrac. Short
Added by DAVE RODICK on June 18, 2012 at 5:20pm — No Comments
This was the first time I did a SS with PNC, at the last stage when we had a Negotiator we lost our buyer but had a back up, our Negotiator closed the file and send us back to square 1. Once we started the process again, I ended up with a different Negotiator and I learned that the first Neg didn't have to close it, he could have worked on it but didn't want to. If that happens to you, get in touch with the supervisor immediately, otherwise it will take another 2 months and your sellers will…Continue
Is anyone aware of an app that'll allow photos and documents to be uploaded into Equator from an Ipad?
I have done tons of short sales and loan mods, but I need some advice on a somewhat uncommon situation.
Husband and Wife bought home in 2003, though put only Wife on loan at time due to credit issues with Husband despite that Husband was and still is primary bread winner. Both Husband & Wife are on Title.
Couple splits a few years ago, amicably, Husband remains in house & continues with payments, but now Husband wants to get a loan modification as he does sales and poor…Continue
Does anyone have a contact for the HELOC Short Sale Department with Chase? I keep getting the run around.
We have someone wanting to do a short sale and the first lien holder is American Home Mortgage Service. I have never heard of them before and was wanting some advice on how to deal with them. Any comments are appreciated! Thanks!
I have recently found that the BofA Presidents office is very helpful when people are not cooperating with me. I now am having some trouble with PNC not doing what I need them to do. Does anybody have a good contact number of a person who would help that is higher up? Maybe the equivalent of the presidents office or something like that? Any advice is appreciated!
Does anyone have a phone number to reach a real person at Aurora Bank. They do not return calls, fax or email.
Have a Short Sale and have submitted all requested documents and have left numerous messages. I have called all the 800's and just get voice mail!! Very frustrating.
Thanks for your help.
Bay Area Properties
Here is today's market listings update for Active short sale single family homes located in Janesville Wisconsin. This information was pulled from the South Central Wisconsin MLS on 5/31/2012 at 10:30 A.M.
Added by Michael Collins, CDPE, SFR, BPOR on June 1, 2012 at 4:08pm — No Comments