Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in Josephine County : Real Estate Advice

  • All5
  • Local Info1
  • Home Buying2
  • Home Selling0
  • Market Conditions0

Activity 10
Thu Jul 9, 2015
Michael Derossett answered:
Unfortunately, there are so many ways for the banks to delay the approval process...and they use them all. I have witnessed the "backlog" excuse used for months, so I hope that's not the case with you. Sometimes your Congressman can light a fire under these asset managers, so I would consider that option. The banks have already been paid so they have no reason to get in a hurry. Make sure there aren't two banks involved because both must give approval before anything can happen.

The whole system makes no logical sense. Best of Luck!
... more
0 votes 1 answer Share Flag
Thu Jul 9, 2015
Michael Derossett asked:
Mon Jun 28, 2010
D answered:
Hello Sharon,

I have taken the HAFA short sale seminar that Wells Fargo & Bank of America has presented. Both of them emphasized the 10 day response was for cases when they were servicing the loan themselves. Both also said they possibly are servicing the loan for another investor and in those cases, they will be as quick as possible but cannot commit within 10 days.

HAFA also technically doesn't start until July 1st. I'm not sure if you are using equator..if you are, click on the following link because they do have a Q & A section where they posted what you can do if you wish to esculate a complaint. http://www.trulia.com/blog/crystal_beard/2010/04/b_of_a_announces_they_will_comply_with_hafa_short_sales_to_be_streamlined

Crystal Beard
... more
0 votes 2 answers Share Flag
Mon Jun 28, 2010
Sharon Vest answered:
Sorry! Some freaky cyber space thing happened and submitted this question over and over
0 votes 1 answer Share Flag
Mon Jun 28, 2010
Sharon Vest asked:
The process has stalled even though the rules spelled out in the HAFA guide lines specify that once the seller is approved for HAFA and the offer is presented and all required documentation…
0 votes 0 Answers Share Flag
Mon Jun 28, 2010
Sharon Vest asked:
The process has stalled even though the rules spelled out in the HAFA guide lines specify that once the seller is approved for HAFA and the offer is presented and all required documentation…
0 votes 0 Answers Share Flag
Mon Jun 28, 2010
Sharon Vest asked:
The process has stalled even though the rules spelled out in the HAFA guide lines specify that once the seller is approved for HAFA and the offer is presented and all required documentation…
0 votes 0 Answers Share Flag
Thu May 13, 2010
. answered:
If we are talking a private lable loan (not Fannie or Freddie) then the loan was owned by investors. If it were foreclosed upon by a lender there is much contention as to what rights the lender had in the recovery. They are claiming to be selling and purchasing the property which again is an asset belonging to the investor. Either way it may be held by the bank but subject to investors collateral.

Popular opinion is the lenders comitted a fraud representing they control a property they do not own. Not until the sale is concluded. There is when they actually repurchae the asset. So who then foreclosed on the borrower in a default? And who really had the right to offer and then pull a short sale with offers pending?
... more
0 votes 5 answers Share Flag
Thu May 13, 2010
. asked:
Why does a Realtor representing the sale and lender in court after foreclosure? Are they representing to have sold the home a trustees sale?
0 votes 0 Answers Share Flag
Thu Mar 11, 2010
Chris Barnett PC GRI answered:
All the Foreclosures in Southern Oregon can be viewed at www.realtyexecutivessouthernoregon.com
0 votes 8 answers Share Flag
Search Advice
Search
Foreclosure in Popular Cities in Josephine County

Followers

49