Important Short Sale News and Discussion Groups

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Mike Linkenauger

More Evidence That The Banks Are RETARDED!


Strong words, but check this out.  I just came across this post on another forum -...

Started by you in Rants and Raves

1
yesterday
Reply by Sheyenne Schultz
Sheyenne Schultz

Can Wells Fargo do short sale where seller is owner on title,yet borrower on the loan is another person?

I'm asking this question to see if anyone else has done a short sale like this before.
Here goes: Seller of the home on title is let's say:...

Started by Sheyenne Schultz in Rants and Raves

0
yesterday
Bert Walker

Chase extension of accepting the agreement

I have a short sale going through Chase with an all cash buyer that has all the funds in escrow. The Chase deadline to complete escrow has...

Started by Bert Walker in Question and Answer

0
on Friday

Mike Linkenauger

Giving away Short Sale Niche Website & Listing Assignments

**NEW ANNOUNCEMENT - Many agents have been trying to join us to get listings assignments for years and have been on our waiting list...
Started by you in Rants and Raves

0
on Friday
Anson, Susanne

63 Year old borrower and Retirement funds

Hi Discussion point - a 63 year old borrower who recently lost his job is
no longer able to pay his mortgage without dipping into his retir...
Started by Anson, Susanne in Help Wanted!

1
on Thursday
Reply by Anson, Susanne

Nicholae Blanchard

Aurora Home Loans

I just received an Approval Letter for a Short Sale with Aurora Home Loans.  The Letter is not signed.  The Aurora Underwriter and Jr. Un...
Started by Nicholae Blanchard in Help Wanted!

Linas K Muliolis

Fifth Third as second not allowing short sale, demanding mortgage mod instead

I represent a buyer in a short sale, the first has been negotiated already, but the second (Fifth Third Bank) is putting the brakes on the...
Started by Linas K Muliolis in Advice

2
on Wednesday
Reply by Linas K Muliolis
SHERI WILSON

Negotiating a WF short sale in Equator

This is my first attempt to use Equator to process a short sale.  The task is Negotiate Hud-1.  Can you just change their figures and not s...
Started by SHERI WILSON in Rants and Raves

0
on Wednesday

 

Jim Gilbert Why Not Try a By-Owner Short Sale?


Why Not Try a By-Owner Short Sale?

Doing it yourself has a long and proud tradition.  There are some things that are simply not good to attempt yourself - root canals come to mind. This article explores the most important reasons not to attempt handling your own short sale, even if you are yourself a licensed agent specializing in short sales.

1. The...

Continue

Added by Jim Gilbert on March 5, 2012 at 9:46am —
No Comments 

Lee Honish The TRUTH About Bank Loan Modifications

 Added by Lee Honish on March 4, 2012 at 4:02pm —
No Comments

Billie Frazier, SFR/ABR BofA rental short question

Hello everyone. Question for you who may have had this situation before. Client contacted me about doing a short on his home in CA. He bought the home in 2007 but one year ago moved in with his ill mother to take care of her. He rented out the home. Just two weeks ago he got engaged to a woman in CO and plans to move there.

So my questions are:

1. Does the illness of his mother, the new engagement, the massive
negative equity, and the move to CO constitute a valid reason for a...

Continue
Added by Billie Frazier, SFR/ABR on March 1, 2012 at 9:53pm —
No Comments


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Re-Blogged 1 time:

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  1. Kim Carlson 480-993-9384 03/05/2012 10:36 AM
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