Comments on: Short Sale Heaven Coming April 5th 2010 http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/ WannaNetwork.com - Connecting Homeowners And Local Real Estate Professionals Fri, 03 Feb 2012 22:30:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Short Sale Agent Jacksonville Florida http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-17910 Short Sale Agent Jacksonville Florida Tue, 07 Jun 2011 12:17:42 +0000 http://www.wannanetwork.com/?p=1499#comment-17910 I've still never seen a 10 day response from any lender, and who has actually seen a pre-approved short sale price that is actually a realistic price? Unfortunately, this program has been another red tape creator. If the government would back out of the bank's business, the banks may actually be forced by their own stockholders to make the necessary changes if needed. I’ve still never seen a 10 day response from any lender, and who has actually seen a pre-approved short sale price that is actually a realistic price? Unfortunately, this program has been another red tape creator. If the government would back out of the bank’s business, the banks may actually be forced by their own stockholders to make the necessary changes if needed.

]]> By: Will HAFA Supplemental Directive 09-09 eliminate short sale investor flips / quickturns | Real Estate Industry Blog http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-8791 Will HAFA Supplemental Directive 09-09 eliminate short sale investor flips / quickturns | Real Estate Industry Blog Sat, 13 Nov 2010 02:49:33 +0000 http://www.wannanetwork.com/?p=1499#comment-8791 [...] recently posted on this blog the following article Short Sale Heaven Coming April 5th 2010 . Out of it came several interesting comments including a post from an gentleman who sharply [...] [...] recently posted on this blog the following article Short Sale Heaven Coming April 5th 2010 . Out of it came several interesting comments including a post from an gentleman who sharply [...]

]]> By: Will HAFA Supplemental Directive 09-09 eliminate short sale investor flips / quickturns | Real Estate Industry Blog http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-8792 Will HAFA Supplemental Directive 09-09 eliminate short sale investor flips / quickturns | Real Estate Industry Blog Sat, 13 Nov 2010 02:49:33 +0000 http://www.wannanetwork.com/?p=1499#comment-8792 [...] recently posted on this blog the following article Short Sale Heaven Coming April 5th 2010 . Out of it came several interesting comments including a post from an gentleman who sharply [...] [...] recently posted on this blog the following article Short Sale Heaven Coming April 5th 2010 . Out of it came several interesting comments including a post from an gentleman who sharply [...]

]]> By: Andy http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-5760 Andy Wed, 21 Jul 2010 21:58:00 +0000 http://www.wannanetwork.com/?p=1499#comment-5760 i still don't see the 10 days happening. bank of america even on hafa sales is closer to a month... recourse is to go to treasurey department and complain... i still don’t see the 10 days happening. bank of america even on hafa sales is closer to a month… recourse is to go to treasurey department and complain…

]]> By: Jamie http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-5660 Jamie Tue, 20 Jul 2010 20:13:45 +0000 http://www.wannanetwork.com/?p=1499#comment-5660 I am in the same situation as SEAN, we just got an offer through the seller and to the bank and are now wondering how long we have to wait given the new 10 day law is in effect. What recourse do we have if B of A takes longer then 10 days? Thanks! Jamie I am in the same situation as SEAN, we just got an offer through the seller and to the bank and are now wondering how long we have to wait given the new 10 day law is in effect. What recourse do we have if B of A takes longer then 10 days?
Thanks!
Jamie

]]> By: Sean http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-4033 Sean Sat, 01 May 2010 02:14:24 +0000 http://www.wannanetwork.com/?p=1499#comment-4033 Hi Andy, We are the buyer. We submitted the offer to the seller agent on Apr 26, and the Seller accept our offer and signed purchase agreement two days later. And now I wonder how long will it take to get bank approved? the lender is chase bank. the house is bought 2004, and the mortgage is around 200,000. I saw there is a new short sale rules start on Apr 5, is that mean each bank need to response the offer within 10 days, at least need to let us know whether they will accept the offer or not. Please advice ! Thanks! Best, SEAN Hi Andy,

We are the buyer. We submitted the offer to the seller agent on Apr 26, and the Seller accept our offer and signed purchase agreement two days later.
And now I wonder how long will it take to get bank approved? the lender is chase bank. the house is bought 2004, and the mortgage is around 200,000. I saw there is a new short sale rules start on Apr 5, is that mean each bank need to response the offer within 10 days, at least need to let us know whether they will accept the offer or not.
Please advice !
Thanks!

Best,
SEAN

]]> By: Leroy Almerico http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-3934 Leroy Almerico Thu, 22 Apr 2010 20:38:52 +0000 http://www.wannanetwork.com/?p=1499#comment-3934 Info Deficiency update Info Deficiency update

]]> By: Kim http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-3709 Kim Fri, 09 Apr 2010 17:10:36 +0000 http://www.wannanetwork.com/?p=1499#comment-3709 I have some questions about primary residence. Does the captial gain tax primary residence 2 out of the last 5 years count for the short sell as primary residence? I have some questions about primary residence. Does the captial gain tax primary residence 2 out of the last 5 years count for the short sell as primary residence?

]]> By: Andy Morris http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-3662 Andy Morris Wed, 07 Apr 2010 03:31:13 +0000 http://www.wannanetwork.com/?p=1499#comment-3662 that is correct... that is correct…

]]> By: Scott http://www.wannanetwork.com/2009/12/09/short-sale-heaven-coming-april-5th-2010/comment-page-1/#comment-3658 Scott Tue, 06 Apr 2010 20:39:35 +0000 http://www.wannanetwork.com/?p=1499#comment-3658 It's my understanding that the HAFA guidelines are only for NON freddie/fannie loans??? It’s my understanding that the HAFA guidelines are only for NON freddie/fannie loans???

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