On September 25th Washington Mutual was seized by the FDIC and sold to JP Morgan for 1.9 billion dollars. wamu was clearly in the wrong, but was there actually a reason for the bank to be seized and for shareholders to be wiped out… or was this caused by collusion between JP Morgan Chase, The [...]
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I don’t need an exact time-frame just an approximation of an average short sale. As of today it has been 78 days and we have not heard anything from the lender at all?Ryan B – We know that the offer is not lost, nor have they accepted another as the seller’s agent just [...]
My application is currently with the under writer. What goes on at this stage? I know they review the packet and financials but was else do they look at? I guess I am wondering how long does it usually take for an answer once it gets to this stage? Thankswould [...]
Our offer was accepted on a HUD home May 7th. We are STILL waiting on a closing date almost 2 months later. They have had all of our info for weeks now, just waiting on the government, per our realtor. What is the deal??? Why is it taking so long? I know [...]
I live in Las Vegas. I just received a Foreclosure Intent notice by certified mail. How much longer can I stay in my house?
According to my agent the short sale was approved, my offer is approved, and waiting for final acceptance. The loan is owned by US Bank and they have been very fast in short sale terms (3 weeks for everything). I just want to know how much longer for final acceptance. ThanksThat is [...]
The real estate foreclosure process has become all too familiar to millions of homeowners. Did many of them make mistakes when they bought homes they could not afford? Did they find themselves upside down and were they forced to use [...]
Does anyone know how long take to Citibank to process a short sale offer? My realtor say usually between 6 to 8 weeks and that depend with bank in processing the offer. But she also said she had not previous experience with this specific bank. If anyone does, your information will be appreciated. [...]
I’m interested in getting started in real estate and would like to know approximately what it would cost to go to real estate school, take your test and buy the supplies you need to work for a local realtor such as Remax?Also,How much should someone new to the business expect to make in their first [...]