All Forum Posts by: Mitsu O'Riley

Call their workout dept. Tell them you have moved out of the house and it is vacant, if it is vacant. You have someone possibly interested in buying your house...by the way... how did you come across this buyer? If you qualify for the short sale, which you should if you moved out of state, than they will start you towards that process. In the meantime, list it for what you owe, or what a Realtor recommendtion (high side).
Mitsu ~ Independent Loss Mitigator

Okay, there is a way to tell them that. But when you are representing yourself, or your buyer, they feel you are the enemy (so to say). In those cases, an attorney's help would be handy to write a letter on demands placed to a buyer.
Also, you want to make sure you have time from sale date because the lender is losing daily. Find out how to delay sale dates in your state. Time works in your favor, and against them. Nevermind, you can always resubmit an offer, or ask for a supervisor.

Hey Nick,
I work with Independent Loss Mitigation Experts. They are a new business based in Savannah. I specialize in FL, but am learning the GA rules, and onto other states as needed.
I work for the file on the people side. Meaning seller, buyer, agents, etc...

George,
I am one of the 3rd parties coordinating the shortsale. As far as the fee, you want to ask what happens if the lender doesn't allow / approve that fee at closing. Meaning who is responsible.
If it's a company that is successful with them, and you can reach them, do a quick interview. It might be worth it to have someone qualified to get the deal done vs. an agent fumbling through it. If you can buy at your price or close, then wasn't it worth the cost?

I am a short sale Loss Mitigator. I will be happy to answer your questions.
A third party can usually get answers faster, and the deal done more efficiently. Your first step will be to call Chase and discuss your options. Be sure to talk to their workout dept. or something beyond customer service.

Are the Cubs on steroids, or did I miss something.

Anyways, if CW is wanting you to agree not to resale your property you are buying cash, tell them no, your intention is to resale for a profit, but that is a risk you are taking. If your plan is to improve the property, and hope to resale, and it happens sooner than 30 days, then they should be happy for you. Tell them you can wait until it goes to sale at the courthouse steps, and buy it then, without the restriction. Your flip buyer will probably have a hard time getting a loan without the title seasoning.

Make sure the home is listed Before the contracts are signed. Some lender are trying to use that as a reason to cut commission. The lender might require the home be listed for x days (usually 90) before agreeing to the offer. Have your ducks in a row, and stay in tough with the lender.