:lol: And Glen, always take what other people say with some skepticism and do your own research to confirm/deny their claims!

Or should we not risk getting denied and/or the file closed, and agree to the 285k?

When interest rates go up and someone assumes the loan and takes the property under an installment contract, the lender is denied the opportunity to make a new loan and reset to current rates.

The success rates are deplorable.Lenders must approve or deny a purchase offer within 10 days of it being submitted.I believe the 10 days is unrealistic especially since many of the existing service agreements call for investor approval.

The first two people went for the loan mods, got denied, came to me...we put together the short sale package, submitted, THEN were told that the homeowners wanted to try again for loan mod.

Big rookie mistake is to not understand assignment is permitted unless specifically denied in your approved contracts.

I'm eligible for a VA loan (1 year in the Air Force), but even though I'm "Pre-approved" for a loan, I have a feeling they'll deny the loan last minute if I go through with it, since I don't have 2 years of job experience in one field, which they said could keep me from getting a loan.

Ultimately the negotiator handling your file is the one that (based on the BPO result) has the authority to either counter, deny or forward your offer to the Investor for final approval.

I have had a few title claims in my time, and i can tell you that in the last few years title companies are automatically denying claims, whether justified or not.

To deny that race is not an issue is beyond naive, it's just an issue that no one wants to address and acts as if everything is OK!