Have you bought or sold a home in a short sale or represented a seller or buyer in a short sale? related questions

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Have you bought or sold a home in a short sale or represented a seller or buyer in a short sale?0Julian2012-09-23 18:12:07
I made a cash offer on a short sale property in Largo, Florida about 3 weeks. The sales manager is Everhome Mortgage loans . I read that Everhome requires R.E. agents / brokers go through "Sale Fast National " to submit their bids . Soooo if you have bought or sold a home through the short sale is where Everhome servicer or if you are an agent / broker who has had dealings with Everhome Mortgage or National Quick Sale I would like to hear your experiences . MedlinePlus thank you very much
Has Anyone Bought a home after short sale?2Ni!@#$%^&a2012-11-03 03:05:02
How much did your credit drop ? What were the conditions of the new loan ?
How can I sell my home as a short sale if lender release the lien but I still owe even if it's sold?0vvvcvz2012-09-23 04:49:02
I listed my house with an agent a year ago , which means that the short sale experience . They say that once filled the paperwork for the mortgage company requesting the short sale is likely to accept . I filled out a form saying that my agent should be the go to person in dealing with the mortgage company instead of me . About 7 months later , my mortgage company sent me a letter saying that they release the lien on my house , but still owe the debt . When I told my realtor about him , it seems he did not know why or what it meant that letter. I suppose the mortgage company contacted him in reference to the loan . Unfortunately , for my part , I have the letter sent to the agent so that he could examine it. My question is when the lender to release the lien , accepted the house to sell as a short sale or just release the lien as unsecured debt ? If you release it as an unsecured debt , why continue with the short sale ? My agent has not contacted me about the short sale negotiations and back and list my property without permission . Thanks for your advice .
I need to sale my house fast. will go into foreclosure on August 8th. Need to sale before.What is short sale?1Arielys2012-10-01 12:40:04
I was waiting for a loan modification to pay an agency to do. MedlinePlus There was no evidence that the modification angency even attempted . Home Assure - Never use them .
Can buyer get cash back if buyer pay higher than the required payoff in SHORT SALE?0adebulu kehinde2012-11-02 01:06:28
A short sale, I offer 100,000, and buyer contribution $5000. In Settlement Statement (HUD-1), after seller pay his closing cost that will pay 10,2000 to bank.(504. Payoff of first mortgage loan 10,2000) But in APPROVAL LETTER, The required payoff is 100,000. There is $2000 higher than bank asked pay off in Approval Letter. Can I have the right get the $2000 back to me or at least I can ask bank pay my closing fee. Thanks.
Can a seller back out of a short sale to pursue a loan modification?2Joe Joe2012-10-25 12:29:02
We have a ratified contract with the seller of a short sale home . They had the withdrawan listing from the MRIS system and say they received a letter (which was sent by your lender probably thousands) of loan modification, so now they want to try that. The only way I found out that they had removed the list was my realtor and stopped him in the MRIS system and says retired .... Can they do this ? Do not engage with the contract until we hear from the bank if the short sale contract presented is accepted or not ? HELP ! ! We need quick answers ! Thank you !
Can the bank Foreclose on a house if it's in contract to be sold? By short sale?6Valentine's Sweetheart2012-10-22 05:36:53
My husband and I are in the process of buying a house ( a short sale ) that made the offer for 30 days and was accepted by the seller . A few days ago , the bank ( Bank of America ) , accepted the terms of our offer as well, but demanded the closing date to be May 18 --- just two weeks after accepting . 45 days normally permit . MedlinePlus MedlinePlus When he responded with 30 days ( the minimum time required for inspections , evaluations and loan finance ) told us that the house was scheduled for foreclosure. And if we do not close escrow on or before the 18th that would sell at auction . MedlinePlus MedlinePlus Is this legal ? ? ? Does our contract prevents them from doing this? ? MedlinePlus MedlinePlus We are in California . Any help or answers you have would be great! ! THANKS !
Is paying $15K sellers owe to B/A in a short-sale in my best interest as the buyer?0South Korea2012-10-15 01:22:33
I bid on a short sale home 5 months. back . B / A is trying to work with the vendors of the home you owe $ 15K to B / A. My agent says I have a couple of options as the buyer : I can pay 15K and cont . to buy a house or put some cash and the difference will increase my mortgage and monthly mortgage payment . I do not think is the best for me . I welcome other input .
Short Sale Home - large cash down payment?3vada2012-08-08 21:05:43
We were approved for a loan to cover the cost of the home you're looking to buy short sale. I think there is an offer from another . Does the investor in short selling in mind that we have a strong down payment on the house instead of mortgaging everything ... or it does not matter at all? Ultimately not only offers the highest and one win out instead of a large sum of money? Thank you !
Can I avoid a Short sale of my home by turning my Heloc into a unsecured loan?3jere2012-11-02 01:27:01
My first mortgage is $ 169,000 my second ( HELOC ) is a total of $ 82,000 251K market , the current in Florida. You might could get 220K for my house . To prevent short selling bank will consider an unsecured loan for either the second or all 31k short in this case ? So I guess my question is why banks make unsecured claims up 30k , my wife and I have 700 + credits also
How long does it take to receive final acceptance on a short sale home offer?1ricardo2012-10-20 05:18:01
According to my agent short sale is approved my proposal is approved, and pending final acceptance. The loan is owned by U.S. Bank and have been very quick in terms of short sale (3 weeks for all) . I just want to know how much longer for final acceptance . thanks
Home currently on MLS (Arizona) for Short Sale; Contacted by "fast home offer.com" - Legit Company?0Suki2012-10-15 08:00:26
My house is currently in the Arizona MLS and last night I was contacted by " fast home offer.com " or fasthomeoffer.com MedlinePlus The man said he wants to bid on our house and asked me questions like what is included in , do we have tenants currently there, do tenants pay their rent on time , the house is in good condition , our mortgage loans ( 1st and 2nd) and contact information of our realtor . He said he would call our real estate agent and make an offer . I do not want to get my hopes up and I wonder if this company is legit ? Has anyone experienced this company making an offer on a house for a short sale and if your offer was decent enough that banks will accept it ? The fair market value of our home is $ 100,000 at this time and has been on the market for 70 days .

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