Are Attorneys Ruining Homeowners???Okay so after a great response and much appreciated opinions on my last post "Are WE now the problem" I am just arriving to the office afte… Started by Eric Mieles |
11 | 5 seconds ago Reply by Bryant Tutas |
USAA Short Sale Nightmare-HelpI have an "approved" short sale with BOA (first lienholder) for my seller 2nd lienholder - I also have a negotiated approval 3rd lienholder… Started by Connie Salerno |
1 | 3 minutes ago Reply by Bryant Tutas |
Multiple Offers situationAfter 6 months of no offers, I finally get 2 within days of each other. First offer that came in needed some counter initials due to the fa… Started by Christian Trang |
1 | 11 minutes ago Reply by Bryant Tutas |
First time short sale buyer and waiting for HSBC authrizationI am a first time buyer. We submitted our offer in Mid June, 2011, and seller recently got BOA HAFA (just one loan) approval; however,we ar… Started by Home buyer |
3 | 6 hours ago Reply by Home buyer |
APPROVAL LETTER STATES RECOURSE TO BROKER AND AGENTHas anyone actually received an approval letter stating the bank reserves the right to come after the brokers and agents? Started by Mary Lou Burton |
9 | 16 hours ago Reply by Smitty |
DO WE HAFA HAFA? BOA AND OTHERS RE-INTERPRET HAFA ELIGIBILITYPretty much all the agents we work with have done HAFA short sales where the lender first saw the deal when the contract was submitted by t… Started by Richard Zaretsky |
4 | 16 hours ago Reply by Smitty |
Why would they do this?We had an offer in for a short sale two weeks ago. The bank denied it and countered with a number they want. We submitted a new offer (stil… Started by Chris |
11 | 17 hours ago Reply by Chris |
Back up offers?I was reviewing our pipeline, and I realized the majority of our closings were on back up offers. So many people don't want to look at hom… Started by Lydia Terry |
5 | 20 hours ago Reply by William F Griffin Jr |
Wells Fargo Confusion? NO MI on Loan, but waiting for MI Approval?What the heck???? This HAFA. I are waiting for final Investor approval. This is FNMAE, one loan. Sale Date moved to 10/24 and we seem t… Started by Kimberley Kelly |
8 | 22 hours ago Reply by Kimberley Kelly |
"Short Sale Superstars
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Our goal is to provide you with best ADVANCED Short Sale Training available. We are not teaching you how to take a short sale listing and put a package together for the lender.
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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.
Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.
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Bryant, I use the Short sale super star site every time I become involved in any new short sale, updates and contact info to the lender make the site invaluable.
For the last post, just because there is no mortgage insurance in the monthly payment, doesn't mean it isn't there. Lender Paid MI (LPMI) was very popular for a few years. The borrower would take a slightly higher interest rate which then allowed for the lender to pay for the premium in full. This would often give a lower overall payment than if actual monthly MI were present.
Because there is still MI behind the scenes, MI company approval would still be required for a short sale.
Like Steve Loynd here, I use the Short Sale Superstar site too when I encounter a new bank or situation. It's the best thing on the web for short sale agents, and I say that in an honest way, from my heart, and not in a suckuppy way.
There is so much misinformation out there. I attended a webinar yesterday put on by C.A.R. about short sale deficiencies. It conducted a poll but I could not participate because I was watching the webinar on my iPAD as I was getting my hair done. It would not interact with my iPAD. Anyway, the answers given were outrageous. For example, only 5% of those watching said their short sale business was hurt by SB 458. WTF? Are they not selling short sales or WHAT?