I received an email today saying that Altisouce is acquiring Equator! This should be interesting. I have been a vendor with them for awhile but I stopped accepting most of the assignments because I found out that they aren't using outside agents to list the properties. Everything is listed with their in house Broker.Continue
I was just forwarded an email from one of the Top Real Estate attorneys here in Georgia that says they will no longer be processing short sales because it is now illegal for them or the agents to do so without a loan originator license! See copied email below. Has anyone else heard about this? The last I heard we had won this battle and it is legal. I don't know what to make of this. :-(
A buyer who wanted to purchase one of my short sale listings last year contacted me and let me know he was interested in purchasing another one in that community. While doing the research I noticed that the short sale which was declined by Freddie Mac because the contract price was "too low," sold for 40k less at the courthouse! Did they just need to keep it on the books until after the first of the year or what? This is really hard for me to understand. Would someone please explain it to…Continue
You really have to watch every detail on these FHA's where they are giving the extra 4k seller incentive. I had the HUD sent back for a revision to move the incentive from Line 514 to somewhere between lines 505-509! Really??It must follow the exact guidelines they require or it will delay your approval!