Sentences with phrase «to approve a short sale»

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

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

Why would a lender foreclosure instead of approving a short sale?

Lenders look for other hardships when approving short sale transactions.

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

The first bank approved the short sale real quick!

The first approved the short sale and offered the second the max allowed $ 6000.

Banks have begun approving short sales more and more because they are cheaper and less of a hassle than foreclosures.

Taking these steps ensures that when the seller's lender has finally approved the short sale, your loan will be mostly done and you'll be able to close quickly.

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

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

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

The earnest money shows the seller that you are likely to stay in the deal until the short sale lender approves the short sale or the contract expires.

She was persistent with our lender until they finally approved the short sale.

The first approved the short sale and offered the second the max allowed $ 6000.

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

Approved short sale listings come about when a potential buyer submits an offer for consideration but backs out after the bank approves it.

I just wrote a blog about approved short sales on AR and why there is a caveat.

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

(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.)

We have been waiting for our written contract for 5 weeks since Wells approved the short sale.

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

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.

Hi Petra — Often times when you see approved short sale in MLS what the agent is trying to communicate is that a price has been approved.

If you have a good realtor they can write a letter with providing proof of the crapy market and why they should take the offer... you will most likely get the offere accepted because banks aren't giving a hard time with approving short sales anymoire.

If CW approves a short sale for a certain amount, is the realtor's commission subtracted from this amount so CW would take whatever percent less?

Our 2 Lenders approved the short sale waiving the deficiency and the house was sold and closed in less than 4 months since we started.

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.

New price is APPROVED Short Sale price AS IS Value.

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.

APPROVED SHORT SALE!!!! Buyer walked!!

If a junior lien holder or other party to the transaction asks for payment, undisclosed on the HUD - 1 statement, as a condition of approving a short sale, advise your client to say no.

The bank won't approve a short sale because I'm in good shape financially; I can afford the mortgage, it's just foolish of me to pay the bank $ 100K simply to protect my credit rating.)

Florida Realtors Want an Online Search Site Containing Bank - Approved Short Sale Listings — A List of Homes That Lenders Have Agreed to Short Sale and The Price Which They Will Accept

They point out that starting in November, Fannie Mae and Freddie Mac reportedly will begin approving short sales for underwater borrowers who are current on their mortgage payments, provided the borrowers face an imminent «hardship.»

A Wisconsin court has considered whether a broker owed a client a fiduciary duty when he was evaluating whether to approve a short sale for a property owned by the client where the broker held a mortgage.

Practitioners might mistakenly tell sellers that all the house debt is forgiven once the primary lender approves a short sale.

The bank approved the short sale — but refused to release us of the remaining debt obligation, not unless we wanted to toss in a boat load of cash, that we don't have.

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.

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.

The legislation came about when Realtors began expressing frustration to the Congressmen about the amount of time it was taking for banks to approve short sales and the increasing number of lost sales that resulted.

Myth # 2: Banks would rather foreclose on a property than approve a short sale.