Ibrahim Hughes
Seller's 1099 Concern Prohibiting Her From Doing A Short Sale
Hi All. I have a seller who doesn't want to go through the process of short selling two abandoned investment properties because they don't want to get a 1099 from the lender and pay taxes on the forgiven debt.
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David Crater
Negotiators or anyone who might know: Freddie Approvals
I want to know if anyone has had any fortune of getting a Freddie loan short sale approval to say settle in full satisfaction instead of the typical boiler plate approval that they seem to be issuing as a computer pri...
Herm M.
Are you guys still getting the 82%-85% discount...?
I'm getting really close to the exciting part of a WaMu short sale.
Are you guys still getting properties at 80%-85% of BPO with your cash offers?
Philip Bourdon
Can House Foreclosure Put Lien on MH?
First, on a probable MH purchase I discovered back taxes for this years and last, totaling $996. The seller's husband did die about three years ago, so when I informed her of it and mentioned that I could understand, ...
Alex Locklear
Deficiency Waiver in Contract
I want to request that deficiencies be waived in my contract to purchase. Anyone that is using this in their paper work, how should I state it?
Thanks for any help!
Matt A
Deficiency judgement after a short sale
Hello CTC,
I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...
Charles Heyward
Three Reasons Why a Short Sale Is Better Than Foreclosure
What not many Realtors or advisors are willing to admit from the very beginning is that when a homeowner is in debt, both the foreclosure and a short sale can have a devastating impact on the credit history. However, ...
Jack Jones
Short Sale Question
Just got approval for short sale. I owe $200K on beach property and have an offer for $90K. In the short sale agreement it states that the lender or its investors may pursue a deficiency judgement for the difference...
Bob Malecki
Loan mod for borrower who quitclaimed property
We have a NPL on a SFR property in Illinois with a foreclosure sale date next month. Borrowers finally came to the table for a loan mod earlier this month (they have been disputing the debt for a few years). They subm...
Kathryn K.
Shortsale Deficiency in BK
My neighbors are going through bankruptcy, I think its chapter 13. They have a couple of rental properties that are included in the bankruptcy. They are upside down and will result in an eventual shortsale. What hap...