Sentences with phrase «not approve a short sale»

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

Well guess what folks it was NOT an APPROVED short sale.

A bank will not approve a short sale for just a loss in value.

(The bank won't approve a short sale because I'm not in a financial hardship; I can afford the mortgage, it just seems foolish to pay that much to protect my credit.)

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

Since they will likely not approve a short sale, is our best option a deed - in - lieu?

They can not approve the short sale.

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

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

Some real estate professionals also point to lawmakers» indecision on the national debt ceiling the last few weeks and an increase in short sales - related cancellations due to buyer frustration at the lengthy process or banks not approving the short sales.

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.

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

I have not had a single short sale that did not get approved!

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

Ariana — just because the short sale was approved before does not mean that BOA is going to immediately turn around and give you an answer.

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

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.

I got past the fact that the short sale was not approved and made an offer anyways.

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

Marte there are tons of Realtors that do not know how or why short sales do not get approved and end up as short sales.

we'll call them P.J Chevy Morgan and they are servicing a loan that's owned by Fannie Mae that doesn't have mortgage insurance and they say that the loan must be late in order to get approved for a short sale, the solution is simple.

At the end of the day, you need the lender's approval, and the bank can decide at the last minute not to approve a short sale, putting you back at square one.

I like for my buyers to be 100 % committed, although they do fear about a short sale not closing, although I never had a short sale not getting approved whether I represent a buyer or a seller.

Even a short sale advert might not state that a bank has approved a sale.

Banks might not necessarily approve loans on homes that are listed as short sales.

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.

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 value.

I wanted to mention that, because I think I read somewhere that banks will not consider short sales on rentals... as far as I know, mine has been approved and things are moving forward.

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.

A «short sale addendum», which should also be required, will outline the importance of the lender's approval and release you from the contract should your lender not approve it.

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

CW is my 2nd mortgage holder and since it took so long for them to approve the short sale, the updated HUD didn't give them as much money as they were expecting and it even put the first a lil short, so the deal had to be re-approved by the 1st mortgage holder.

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.

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

Short sales are sold «as is» and requests for repairs to be made by the seller will likely not be approved as the seller is already in an unfortunate financial situation.

However, according to Professor Rosemary Rayfuse, an expert in International Law and the Law of the Sea at the University of New South Wales, Australia, who also attended the Woods Hole meeting, ocean fertilization projects are not currently approved under any carbon credit regulatory scheme and the sale of offsets or credits from ocean fertilization on the unregulated voluntary markets is basically nothing short of fraudulent.

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.

I brought in the cash to close only to realize on the closing date that the title company couldn't get the final HUD - 1 approved by the short sale negotiator.

Even when a lender approves a short sale, it could require that the sellers sign a promissory note to repay the deficient amount of the loan, which may not be acceptable to some financially strapped sellers.

It's not uncommon for lenders to demand a cut in real estate broker commissions as a condition of approving a short sale.

Short Sale Approved @ $ 170,000 - Fantastic 1BR / 1BA w / balcony and sweeping City / N View.

Many real estate professionals have made the mistake of taking a listing and marketing it as a short sale only to find out later that the investor will not approve the transaction due to the seller not having a valid financial hardship.

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.

I like for my buyers to be 100 % committed, although they do fear about a short sale not closing, although I never had a short sale not getting approved whether I represent a buyer or a seller.

While lenders are not obliged to approve Home Affordable Foreclosure Alternatives (HAFA) short sales, this is one way to avoid a deficiency judgment.

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.