Sentences with phrase «approve the short sale if»

What good is Countrywide approving your short sale if the investor has not ok» ed the deal.

It is in the bank's best interest to approve the short sale if the bank will make more money through the short sale than to foreclose.

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.

If the lender approves your client for a short sale, he is able to get out from under the debt of his properties and incurs less damage to his credit than if the lender foreclosed on hiIf the lender approves your client for a short sale, he is able to get out from under the debt of his properties and incurs less damage to his credit than if the lender foreclosed on hiif the lender foreclosed on him.

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.

So what is the solution or what do I do if they simply do not approve the short sale?

Even if a short sale offer had previously been «approved», there is a reason that the short sale did not go through.

If a modification isn't the right move for you, we can also assist you in getting a short sale approved by your lien holder.

If the lender has just approved the short sale then it has not been foreclosed.

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.

The realtor should be able to tell you if they believe, based on your financial situation, whether the short sale will be approved.

You must provide all documentation requested as soon as possible if a short sale has been approved

If it's a short sale situation, the owner's lender has to approve the deal and that can take a while, as mentioned earlier.

If a borrower has not obtained an approved short sale transaction at the end of any marketing or listing period, a servicer may determine that a borrower has failed to perform under an agreement on a loss mitigation option.

An approved short sale transaction is a short sale transaction that has been approved by all relevant parties, including the servicer, other affected lienholders, or insurers, if applicable, and the servicer has received proof of funds or financing, unless circumstances otherwise indicate that an approved short sale transaction is not likely to occur.

The worst part of this is that you probably will already have been waiting for months to find out if the short sale was going to be approved.

have you got clear notification from BoA when your short sale moved to a phase II negotiator and if it was approved by them and sent to the investor for approval?

If the bank will not be reimbursed for the loss chances are the bank will not approve the short sale.

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.

Also, keep in mind that, if the bank «accepts» less, there is less tax benefit to them than to just foreclosure, hence another layer as to why short sales are tough to get approved.

If the underlying investor has not approved the short sale than who has accepted the short sale?

If you are indeed approved for the short sale, it should be noted online on your personal CW account now, or within a few days — like my Sep 22 posting.

If your short sale is subject to lender approval then how has it been approved?

At the close of escrow, if the short sale is approved, the proceeds are wired to us.

I've no doubt they are overwhelmed, but it's a nightmare of their own making and IF that is the case, the should be jumping through hoops to help those who are bringing them short sales on a plate that they just have to glance at and approve.

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.

Although there is usually a written purchase contract negotiated and executed in a bank's sale of REO property and in the case of a short sale, the bank may not permit the inclusion of exchange cooperation or other assignment language in the purchase contract if the issue first arises after the contract has been approved by senior bank management.

If there is more than one lien holder both will have to approve the short sale, which can complicate things further and increase the time needed for approval.

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 have a Wellington short sale listing that has not been approved to be canceled in writing by our broker and another agent was able to duplicate the listing in the MLS so that agent must not have checked to see if we had canceled the listing.

There may be times that a lender would only approve of Florida short sales if and only if the homeowner agrees to sign a promissory note.

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.

If the servicer fails to provide a decision to the short sale applicant within that time period, the application is deemed approved.

An addendum to the California Association of REALTORS ® purchase contract includes a provision allowing either party to cancel a short - sale contract within a set period if the seller hasn't gotten the deal approved, says White.

Without language in the contract stating that the lenders must approve the offer and release all liens on the property, the seller may face a legal problem for failing to execute the contract if the short sale is not approved, says Hollingsworth.

Lets can go over your situation in detail and then if you decide a short sale is for you, we will go over the process on how to get your Temecula short sale approved at no charge to you.

You could have a major problem on your hands if the short sale is not approved and then the buyer's will not vacate your home.

I feel it's not going to be as easy to get a short sale approval in 2015 and if your agent submits a weak short sale proposal forget about getting that Temecula short sale approved.

If you are in this situation we have a lot of experience in helping investors get their Wellington short sales approved.

If your lender has opted to approve your short sale under the U.S. Treasury's Home Affordable Foreclosure Alternatives program, this will all be done in about four months.

You've got the best chance of getting closing costs paid by the seller and approved by the short sale bank if your financial resources are limited.

So what is the solution or what do I do if they simply do not approve the short sale?

To get the bank to approve the short sale and to lessen the deficiency if any, sellers generally want the highest price offer.

If the lender has just approved the short sale then it has not been foreclosed.

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.

Even if your lender does approve the short sale, it may not be the end of all your financial woes.

If one of these hardships can be proven to the lender and there is a reasonable explanation as to why the homeowner can no longer afford the payment or has stopped making mortgage payments, a short sale may be approved.

If the short sale is approved, it's easier on you, your neighbors and the bank.

The worst part of this is that you probably will already have been waiting for months to find out if the short sale was going to be approved.