Short Sale Updates
Updated Every
Friday Last Update: 1
February 2013
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555 Rivergate Lane
984 Pine Valley Rd
190 Hinterland Trail
1100 Goeglein Gulch #154
3230 W Girard Avenue #D
5250 South Huron Way #12-205
16386 E Fremont Ave #8
734 Hickory Ridge
14254 W Baltic Ave
20434 E 55th Place
610 W 114th Place
Property: 555 Rivergate
Ln
1st Mortgage: Chase
2nd Mortgage: Chase
Status:
1
February 2013: Lender Countered offer and has
requested additional items. All but two provided,
pending clarification from lender.
25 January 2013:
Per lender, all documents received and we should have an
answer by end of next week.
18
January 2013: BPO has been ordered, file opened in
Equator. Both Negotiators assigned and reviewing offer.
14
December 2012: Having some issues with lender with regard to
loan modification. Have been assured a 3rd time that loan mod is
closed and Short Sale is proceeding. BPO was ordered this
week.
7 December 2012:
Negotiator assigned and reviewing file.
30 November 2012:
Requesting update today.
26 November 2012: Both packages sent,
confirmed receipt, but not yet assigned to Negotiator.
Offers: 2
Property: 984 Pine Valley Rd
1st Mortgage: Ocwen
2nd Mortgage: Ocwen
Status:
1 February 2013:
Closing scheduled.
25 January 2013: Still moving toward closing!
18 January 2013:
Short Sale approved! Moving toward closing.
14
December 2012: Additional documents requested by lender.
Pending receipt and will send asap. Time sensitive.
7 December 2012: Both packages faxed, pending confirmation
of receipt and assignment of Negotiator.
30 November 2012: No change.
26 November 2012: Pending seller documents.
26 October 2012: Offer received, Finalizing package.
Offer Count: 1
Property:
190 Hinterland Trail
1st Mortgage: Chase
2nd Mortgage: None
Status:
1 February 2013:
Sale Date postponed, still waiting on completion of
Appraisal.
25 January 2013:
Additional documents requested and forwarded to lender.
Sale Date is rapidly approaching. Appraisal has been ordered
by Freddie Mac as a rush.
18 January 2013: File
initiated in Equator, Lender reviewing offer.
14 December 2012: No
change, Finalizing package - pending seller documents.
7 December 2012:
Finalizing package, pending seller docs.
Offer Count: 1
Property: 610 West 114th Place 1st Mortgage: America's
Wholesale
2nd Mortgage: America's Wholesale
Status:
1 February 2013: Lender requests
additional documents, offer still being reviewed.
25 January 2013: Additional documents
requested and forwarded to lender. In review.
18 January 2013: Initiated in Equator,
Negotiator assigned. All documents in and offer is being
reviewed.
14 December 2012: Finalizing package,
pending seller documents.
Offer Count: 1
Property: 1100 Goeglein Gulch #154
1st Mortgage: Bank of America
2nd Mortgage: None
Add'l Liens: HOA Lien,
Judgment Lien
Status:
1 February 2013: Judgment lien resolved, Counter being
negotiated. New HUD has been sent to lender, waiting on response.
25 January 2013:
Lien resolution just about final, pending one document. Property
value still an issue. Working with lender to get to closing.
18 January 2013: Liens still problematic, however should be resolved
by end of month. Anticipate being able to close asap once
approval received.
14 December 2012:
Negotiating settlement of secondary liens. Most of seller documents
received, waiting on a few more to upload to lender.
7 December 2012:
No change, pending receipt of seller documents.
30 November 2012:
No change, pending fresh documents from seller to proceed.
26 November 2012:
Pending additional documents requested by Lender.
9 November 2012: Issues with Lender, escalating, Lender
unresponsive.
26 October 2012: File initiated, Lender review in
process.
19 October
2012: File not yet in Equator pending BofA.
12 October 2012: No changes, in Lender review.
05 October 2012: Rec'd requested seller docs. Lender
reviewing value.
28 September 2012: Lender still waiting to
receive BPO.
21 September 2012: BPO completed. Pending
lender approval of value.
17 September 2012: Still working to get new value
completed.
7 September 2012: Negotiator has been assigned and we
are pushing for new BPO/appraisal so offer can be reviewed.
31 August 2012: Offer received and we are
working to re-open file with BofA
20 July 2012: Buyer walked. Searching for new
buyers.
13 July 2012:
Approved. Moving towards closing.
29 June 2012:
Lender requested additional docs which was quickly provided.
Approval expected very soon.
22 June 2012:
All docs have been provided and we expect approval by about next
week.
15 June 2012:
Lender requested a few docs before approval can be issued. We
are working quickly to provide. Still on track.
8 June 2012:
All parties agree, lender will be sending file for approval.
We hope to hear the good news by next week.
1 June 2012: Countering back and forth, hopefully we are on our way towards approval. Response expected next week.
25 May 2012:
No Change. Still working to bring parties together.
18 May 2012:
BofA countered at their value of $105,000. Negotiating.
11 May 2012:
File in BofA Quality Control, we expect a response to the offer next
week.
4 May 2012:
No change. Pressing for a response.
27 April 2012:
No change. Waiting for response.
20 April 2012:
Value confirmed and a negotiator has been assigned. We expect
a response to the offer in 1-2 weeks.
13 April 2012:
Foreclosure sale postponed and they are reviewing docs before
they'll order the value which we expect by next week. Response
to offer expected in about 3 weeks.
6 April 2012: Offer received and full package has already forwarded to the
foreclosing lender. Working to postpone next
week's foreclosure sale.
Offer Count: 1
Property: 734
Hickory Ridge
1st Mortgage: Bank of America
2nd Mortgage: None
Status:
1 February 2013:
Pending receipt of Appraisal. Bring offers!
25 January 2013:
All documents received and processed. Lender
reviewing.
18 January 2013:
Complete package has been sent in and negotiator assigned.
Additional documents requested, pending receipt.
14 December 2012:
Preliminary documents in, now pending secondary documents
required for Approval to Participate from lender.
7 December 2012:
Bring offers!
30 November 2012:
Seller docs received, need offer!
Offer Count: 0
Property: 3230 W. Girard
Ave #D
1st Mortgage: Chase
Additional
Liens: HOA
Status:
1 February 2013: Investor standstill, previous buyer walks.
New offer being submitted asap.
25 January 2013:
Escalation still in process.
18 January 2013: Working with investor on approval of
additional HOA lien dollar amount. Approval expires end of
January.
14 December 2012:
Continuing to negotiate with HOA on lien settlement. HOA
uncooperative.
7 December 2012: Written approval received.
Requested payoff on HOA Lis
Pendons.
30 November 2012:
All docs in, anticipate approval shortly.
26 November 2012: Additional documents requested and sent
in. Lender reviewing.
9 November 2012: No changes, pending lender approval of new
offer.
26 October 2012: New
offer submitted, in review.
19 October 2012:
Buyer 1 walks, moved to buyer 2, pending Buyer signatures to submit
to Lender.
12 October 2012:
No change, in review.
05 October 2012:
Investor review in process.
28 September 2012:
Complete file submitted, has been forwarded to Investor. Pending
approval.
21 September 2012:
File looks good - pending 1 document from seller to proceed.
17 September 2012:
Package sent to lender and they have already assigned an initial
processor. Responses to offers expected in 4-6 weeks.
7 September 2012:
Offers received and we are working to complete seller's
financial package before file can be sent to lender.
Offer Count: 3
Property: 5250 South Huron Way,
#12-205
1st Mortgage: Wells Fargo
2nd Mortgage: None
Additional Lien: HOA
Status:
1 February 2013: C
L O S E D !
25 January 2013:
HOA resolved, Final HUD to lender for approval of closing next week!
18 January 2013: Lender
has approved Purchase Contract, pending formal Short Sale approval.
Still working with HOA.
14 December 2012:
Negotiating HOA lien. Expect Lender Approval letter shortly, all
parties are ready to close once HOA and Lender approvals are
received.
7 December 2012: Still
in lender review.
30 November 2012: Negotiator hopeful, anticipate approval
shortly.
26 November 2012: Still in lender review.
9 November 2012: Approval to Participate, pending Approval
letter of offer.
26 October 2012: All docs received, Offer in review.
19 October 2012:
Negotiation accepted by Buyer. Pending seller docs per lender
request.
12 October 2012:
Lender negotiating.
05 October 2012:
Lender reviewing, follow up next week.
28 September 2012:
All docs have been sent to Lender. Negotiator is confirming a
complete file, should be sent to underwriting soon.
21 September 2012:
Doc requested from Seller waiting to receive in order to proceed.
17 September 2012:
Offers received. File sent to lender and postponement has been
granted. Add'l doc request from sellers. Offer response
expected in about 3 weeks.
7 September 2012:
Price dropped to $75,000! Offer needed asap. Contact us for
details.
31 August 2012:
Lender has completed appraisal and we are need of an offer ASAP!
Listed at $84,700!
Offer Count: 3
Property: 16386 East Fremont Avenue #8
1st Mortgage: Everhome Mortgage
2nd Mortgage:
None
Status:
1 February 2013:
C L O S E D !
25 January 2013:
Closing next week!
18 January 2013:
Approved! Closing scheduled.
14 December 2012:
Pending one more seller document. BPO has been ordered.
7 December 2012:
No change, pending documents from seller.
30 November 2012:
Negotiator has been assigned. Lender needs more docs, pending
receipt from seller.
26 November 2012:
Lender requested new updated documents, received and forwarded.
9
November 2012: Negotiator assigned, in lender review.
26
October 2012: Complete package submitted, pending confirmation of
receipt.
19 October 2012:
Seller docs still needed. Unable to submit pkg.
12 October 2012:
New SS packages required by lenders. Pending current seller docs to
submit.
05 October 2012:
Seller docs received. Pending Offer to submit to Lenders.
28 September 2012:
No change, still working to finalize package.
21 September 2012:
No change, still working to finalize package.
17 September 2012:
Still working with seller to complete financial docs.
7 September 2012:
Offers being received and working with sellers to complete financial
package.
Offer Count: 1
Property: 14254 W Baltic Ave
1st Mortgage: Chase
2nd Mortgage: US Bank
Status:
1 February 2013: Lender
requested docs are being sent in quickly, just a few more to
submit to complete the latest request - good lender
response.
25 January 2013: Received
and forwarded requested documents to lender. 2nd is
responsive and we appear to be making good progress -
finally!
18 January 2013: 1st Approval has
expired and file has been closed. Working with sellers
to provide additional documents to 2nd before they close
their file. Will reopen as soon as 2nd approval is
received.
14 December 2012: Continuing to
push 2nd Mortgage for approval. Two additional items
requested from sellers.
7 December 2012: BPO received, in
lender review.
30 November 2012: Progress on
2nd, BPO ordered, pending results.
26 November 2012: Received 1st Approval,
pending 2nd.
9 November 2012: Sent updated seller
docs to lender. Both Lenders reviewing.
26 October 2012: No change.
19 October 2012:Pending BPO results.
Offer Count: 1
Property: 20434 E. 55th Place
1st Mortgage:
ASC
2nd Mortgage: Chase
Status:
1 February 2013: File being placed on hold
25 January 2013:
Additional documents requested and file is still in review.
18 January 2013: New offer, File in lender review.
14 December 2012: 1st Buyer walks. Property being put
back on the market - bring offers!
7 December 2012:
Rec'd and forwarded requested docs to lender. In
review.
30 November 2012:
No change. Once docs received, will submit asap.
26 November 2012:
Lender requesting additional documents, pending receipt from
seller.
9 November 2012: No changes
26 October 2012:
Offer received, complete packages faxed. In review.
Offer Count: 1
Coming Soon:
Property: 93 Needles Way!
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