Comments on: Frustration For Those Trying To Buy A Short Sale http://www.manausa.com/buy-a-short-sale/ All About Tallahassee Housing Wed, 17 Mar 2010 11:45:44 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Joe Manausa http://www.manausa.com/buy-a-short-sale/comment-page-1/#comment-8561 Joe Manausa Tue, 07 Jul 2009 09:44:30 +0000 http://www.manausa.com/?p=4341#comment-8561 Thanks Jeff, experience makes all the difference in the world. Thanks Jeff, experience makes all the difference in the world.

]]> By: Jeff Franklin http://www.manausa.com/buy-a-short-sale/comment-page-1/#comment-8460 Jeff Franklin Tue, 07 Jul 2009 00:25:49 +0000 http://www.manausa.com/?p=4341#comment-8460 Good article and responses Joe. I closed an American Home Mortgage Servicing short sale today. It take them 30 to 60 days just to assign the negotiator after gettting all the documents faxed to them. Their work load and many of the major national lenders has increased from 200 files to 500 files per negotiator. Suntrust's Short Sale customer service reps recieved 3600 phone calls last Monday so they are definitely overwhelmed. I have closed some short sales with buyers getting FHA loans but they are not easy. The FHA appraisers seem pickier than ever and if any repairs need to be done prior to closing the seller's lender and the seller are not going to do those repairs. The buyer would have to have the repiars done before they take close. Without realtors with short sale experience those transactions are likely to fall apart. Good article and responses Joe. I closed an American Home Mortgage Servicing short sale today. It take them 30 to 60 days just to assign the negotiator after gettting all the documents faxed to them. Their work load and many of the major national lenders has increased from 200 files to 500 files per negotiator. Suntrust’s Short Sale customer service reps recieved 3600 phone calls last Monday so they are definitely overwhelmed.

I have closed some short sales with buyers getting FHA loans but they are not easy. The FHA appraisers seem pickier than ever and if any repairs need to be done prior to closing the seller’s lender and the seller are not going to do those repairs. The buyer would have to have the repiars done before they take close. Without realtors with short sale experience those transactions are likely to fall apart.

]]> By: Posts about Florida Realtors as of June 26, 2009 http://www.manausa.com/buy-a-short-sale/comment-page-1/#comment-7845 Posts about Florida Realtors as of June 26, 2009 Sat, 04 Jul 2009 14:47:31 +0000 http://www.manausa.com/?p=4341#comment-7845 [...] . Florida Realtors also reported a 21 percent rise in statewide sales of existing condos in May; Frustration For Those Trying To Buy A Short Sale – www.manausa.com 06/25/2009 All too often, we see homebuyers who are “looking for the [...] [...] . Florida Realtors also reported a 21 percent rise in statewide sales of existing condos in May; Frustration For Those Trying To Buy A Short Sale – http://www.manausa.com 06/25/2009 All too often, we see homebuyers who are “looking for the [...]

]]> By: Posts about Tri-State Real Estate (FL, GA and AL) as of June 26, 2009 | Real Estate Market Reports http://www.manausa.com/buy-a-short-sale/comment-page-1/#comment-5946 Posts about Tri-State Real Estate (FL, GA and AL) as of June 26, 2009 | Real Estate Market Reports Fri, 26 Jun 2009 17:17:25 +0000 http://www.manausa.com/?p=4341#comment-5946 [...] [...] [...] [...]

]]> By: Doug http://www.manausa.com/buy-a-short-sale/comment-page-1/#comment-5807 Doug Fri, 26 Jun 2009 04:01:13 +0000 http://www.manausa.com/?p=4341#comment-5807 Joe, Thanks Joe,
Thanks

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