My friend and fellow realtor in Jacksonville, FL Carmen emailed me the following question this morning: short sale seller disclosed that they have stocks as the lender requested the financial statement recently it is on their taxes but the lender also […]
Shellpoint is becoming one of my favorite lenders. The attached short sale approval paid $14,000 to the seller. http://shortselling.us/wp-content/uploads/2019/11/shellpoint-14krelo-website.pdf
This is a short sale approval from Michigan Mutual with the waiver of deficiency. This means the property owner pays nothing to settle the debt. http://shortselling.us/wp-content/uploads/2019/11/michigal-mutual-shortsaleapproval.pdf
This is a short sale approval with deficiency waiver from Shellpoint. Page two of their short sale approval has the deficiency waiver clause which states: http://shortselling.us/wp-content/uploads/2019/11/shellpoint-shortsaleapprvl-website-11-2-2019-v2.pdf This Deficiency Waiver Agreement is provided to you in connection with the promissory note […]
If you have a loan guaranteed by the Veteran’s Administration and you are in default or imminent danger of default then you can short sell your VA loan. A successful VA short sale results in the mortgage tradeline reported to […]
There were these fun books when I was growing up. I forget what they are called but it would be something like telling a story and then the reader would substitute a noun, or verb, or adjective as required by […]
Can you flip a short sale? The short answer is yes; there is a right, legal, and ethical way to flip a short sale and then there is an illegal way. This article will help you to stay out of […]
I’ve been seeing a lot of reverse mortgage foreclosures. A reverse mortgage is one in which mortgage payments are not required until the borrower passes away and at that time the loan is due. Now although mortgage payments are not […]
Hi Tina. I am the agent for the seller on this transaction. I wanted to send you the inspection report and repair estimate that has been completed on this property. The property has been vacant for ten years – ever […]
There are a number of short sale addendums that Florida Realtors may use; however, only one is approved by both the Florida Association of Realtors and the Florida Bar. It’s two pages and is titled G. Short Sale Approval Contingency. […]