Wells Fargo Short Sale: trying to hit a moving target
I am frustrated. Remember the good old days when Realtors had to sell a home once. When there were multiple financing options. When an escrow took 30 days? We started this short sale with Wells Fargo in September of 2010. Instead, they approved it for a loan mod – with the occupant making $91/wk – [...]
Home selling is the easy part
Yesterday I received a counter offer on one of my short-sales. I am representing the Sellers; a couple, that live here in San Jose. After all that has been in the media about short sales, I assumed that the Husband knew about the process of negotiations. He is a VP of Sales for a national [...]
Old Republic Insurance NOT Cooperating in HAFA
I have the pleasure of working with a BofA first and second on a short sale. I know! Scary enough to deal with BofA. But wait, there is more. Apparently Old Republic Insured the second and BofA redeemed the insurance thereby assigning the second lien to Old Republic. [ I've actually had conflicting stories on [...]
The Next wave
When the implosion started it was folks that could not afford a home, should not own a home and did not own a home for long. There was an undercurrent of deceit toward the broker and wrath was taken out on the lender in the form of “missing kitchens”, appliances in the pool, and copper [...]