Sentences with phrase «approve a short sale with»

For example I had a short sale last week where the lender approved the short sale with the seller not contributing any funds.

If you took out two mortgages, a first and a second at the same time in order to buy your Wellington home than you can most likely be able to work with both of your lenders to approve a short sale with a minimum amount to your second home loan.

We also likely have Lenders / Banks not so readily approving Short Sales with the anticipation of home values increasing, so they too can lessen their losses on any Short Sales that they may approve.

For example I had a short sale last week where the lender approved the short sale with the seller not contributing any funds.

Not exact matches

But it's important to note that short sales are not always a viable option: If the seller is unable to find an interested buyer on terms the lender approves of, the lender can choose to proceed with foreclosure.

The process can take two to three months, but as the short sale broker for the transaction, VA Home Loan Centers will continually communicate with you and the lender to ensure that they have everything they need to approve the sale.

Second and all subsequent lien holders must also approve a short sale, so even though it can still happen, it's a lot of extra work with more opportunities for a last - minute fall - through.

With the exception of a Chapter 13 bankruptcy, there is usually a 2 year requirement for discharge, short sale, deed recording, or action of credit report before you can be approved for a new VA loan.

Short sales generally are not approved if you haven't tried to market the home at a higher price or with a professional agent.

If you are not familiar with short sales the vast majority of them are NOT approved by the lender prior to a buyer making an offer on one.

I take issue with anyone listing a property as short sale approved.

All homeowners with FHA case numbers assigned after Aug. 25th of 2013 that have gone through a bankruptcy, short sale, foreclosure, loan mod or a deed - in - lieu can now apply and potentially get approved for an FHA mortgage.

They tried to work with the mortgage holder directly to try to get either a short sale or a loan modification approved on their own without an attorney's help.

Since there's a lot of back - and - forth and red tape with short sales, it can take as long as 90 days to purchase these homes — that's if the bank approves the sale.

So much so, that mortgage holders are more willing now than ever to work with home owners by approving a short sale.

With a lot of agents in our area not wanting to show «short sale» listings I use this offer to get from the bank what they will really accept and then can market the home with an approved vaWith a lot of agents in our area not wanting to show «short sale» listings I use this offer to get from the bank what they will really accept and then can market the home with an approved vawith an approved value.

We have been told that the listing agent deals with a lot of short sales, and the only ones he's been having trouble getting approved have been Countrywide.

We have an offer and are now trying to get a short sale approved, with the help of the real estate agent.

If the property had two mortgage with two different banks unrelated to another than don't you think they both need to approve the short sale.

We were then told the sellers agent spent all day on the phone with the lenders and the short sale was approved for our asking price.

We did submit an earnest deposit with the offer but also had a «short sale addendum» in our offer package that releases us from the contract if time lines aren't met or if it is not approved.

I have been in the short sale process with Country Wide and we are on our fifth offer - they continuously change their mind on an approved number and recently the negotiator stated: we would rather the house go into foreclosure - we will make more money....?»

You're usually required to come up with just a percentage of the amount needed for a securities purchase or short sale while paying interest to finance the rest based on an approved line of credit.

Hi John — there is no way for me to tell you whether or not the short sale will get approved with this limited information.

Bank approved short sale in good condition, property has been well maintained and features 3 bedrooms 1 bath with a full finished basement.

His focus with homeowners facing foreclosure is to give them the hope of a dignified solution to their financial crisis through current lender loan modification, loan refinancing (short or long - term) or a short sale (a lender - approved sale at less than the outstanding loan balance).

Foreclosure, however it may occur, can be damaging to your credit and reputation.Instead, working with your bank or lender to approve a short sale will have much less impact on your future.

Even after you come to agreement with the seller to buy a short - sale property, the seller's lender (or lenders, if there is more than one mortgage) still has to approve the sale.

With over 18 years of Temecula short sale experience, Realty Works has developed a far - reaching network of contacts that helps us get you a approved Short short sale experience, Realty Works has developed a far - reaching network of contacts that helps us get you a approved Short Ssale experience, Realty Works has developed a far - reaching network of contacts that helps us get you a approved Short Short SaleSale.

We specialize in timely and completed approved short sale closings, with minimal impact on your credit and no drama.

Short Sale Mitigation, is not associated with the government, and our service is not approved by the government or your lender.

The lender Wells Fargo approved the short sale but is asking this poor woman to get a promissory note for $ 25,000.00 payable back with no interest untill the yar 2022.

We have worked with every major mortgage company in the industry and our proven track record of success gives us the expertise to greatly increase the chances of getting a short sale approved, plus we decrease the time it takes to complete the process.

An online listing of properties in Florida with pre-approved short - sale prices — a searchable website where homes with short - sale prices already approved by the banks could be surfed by agents and potential buyers.

In order for a Florida bank to approve any short sale, the borrower who is wanting to short sale the home must be able to prove a hardship with the appropriate documentation, to the bank's satisfaction.

Coming hat in hand with some suggested solutions, the Florida Realtors asked Congress to rule that if banks are silent on a proposed short - sale price, that it should be legally assumed to be approved after 45 days.

With a lot of agents in our area not wanting to show «short sale» listings I use this offer to get from the bank what they will really accept and then can market the home with an approved vaWith a lot of agents in our area not wanting to show «short sale» listings I use this offer to get from the bank what they will really accept and then can market the home with an approved vawith an approved value.

It's always a good idea to work with an agent who can help you explore all the possible options for avoiding foreclosure in the event that your short sale application is not approved.

Typically, lenders are trying to cut costs in every way they can so and with Short Sales they may not approve any buyer credits, home warranties, pest inspections, surveys and so forth.

The most frequent obstacles cited included slow response time by lenders to a short sale package (about 67 percent said it took more than 60 days for lenders to return a written response for approving or disapproving a short sale agreement), poor communication with lender representatives (43 percent said it took the lender more than five days to return any form of communication), and repeated requests for documentation.

If you sold it and paid the lender back, you would be short by $ 135,000 hence the name «Short Sale» The lender will sometimes approve you to sell the property with a Reashort by $ 135,000 hence the name «Short Sale» The lender will sometimes approve you to sell the property with a ReaShort Sale» The lender will sometimes approve you to sell the property with a Realtor.