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JACKQLYN
ParticipantI’ve read the regulations over and over and all I see is something that is supposed to help poor people like me – is actually doing more harm to us.
Messy escrow situation on a short sale. For some reason still unknown, the seller changed his title to an LLC in January then back to himself in April. He started his short sale in Jan so it may have been a transfer to a short sale company? Not sure…We were told that we can’t even begin escrow (yet my check has been cashed) until 7/23 due to title seasoning. We’ve already paid $820 for inspection & appraisal and are ready to close.
In short, I have two questions for you:
1) Can a waiver be granted to a purchase on a short sale property if the title change was not a change in ownership but merely just a change from himself to an LLC and then back to himself again?
2) If this short sale transaction falls apart due to the title seasoning, we want to pursuer REO properties. Can we do this even though the REO waiver expired on 6/9/09?
FYI – when all of our friends were buying 600k homes in Murrieta – we sat back & rented knowing damn well it was stupid.
Should we wait even longer for a conventional instead of FHA?
So that makes 3 questions for you tonight. 😉
ParticipantI’ve read the regulations over and over and all I see is something that is supposed to help poor people like me – is actually doing more harm to us.
Messy escrow situation on a short sale. For some reason still unknown, the seller changed his title to an LLC in January then back to himself in April. He started his short sale in Jan so it may have been a transfer to a short sale company? Not sure…We were told that we can’t even begin escrow (yet my check has been cashed) until 7/23 due to title seasoning. We’ve already paid $820 for inspection & appraisal and are ready to close.
In short, I have two questions for you:
1) Can a waiver be granted to a purchase on a short sale property if the title change was not a change in ownership but merely just a change from himself to an LLC and then back to himself again?
2) If this short sale transaction falls apart due to the title seasoning, we want to pursuer REO properties. Can we do this even though the REO waiver expired on 6/9/09?
FYI – when all of our friends were buying 600k homes in Murrieta – we sat back & rented knowing damn well it was stupid.
Should we wait even longer for a conventional instead of FHA?
So that makes 3 questions for you tonight. 😉
ParticipantI’ve read the regulations over and over and all I see is something that is supposed to help poor people like me – is actually doing more harm to us.
Messy escrow situation on a short sale. For some reason still unknown, the seller changed his title to an LLC in January then back to himself in April. He started his short sale in Jan so it may have been a transfer to a short sale company? Not sure…We were told that we can’t even begin escrow (yet my check has been cashed) until 7/23 due to title seasoning. We’ve already paid $820 for inspection & appraisal and are ready to close.
In short, I have two questions for you:
1) Can a waiver be granted to a purchase on a short sale property if the title change was not a change in ownership but merely just a change from himself to an LLC and then back to himself again?
2) If this short sale transaction falls apart due to the title seasoning, we want to pursuer REO properties. Can we do this even though the REO waiver expired on 6/9/09?
FYI – when all of our friends were buying 600k homes in Murrieta – we sat back & rented knowing damn well it was stupid.
Should we wait even longer for a conventional instead of FHA?
So that makes 3 questions for you tonight. 😉
ParticipantI’ve read the regulations over and over and all I see is something that is supposed to help poor people like me – is actually doing more harm to us.
Messy escrow situation on a short sale. For some reason still unknown, the seller changed his title to an LLC in January then back to himself in April. He started his short sale in Jan so it may have been a transfer to a short sale company? Not sure…We were told that we can’t even begin escrow (yet my check has been cashed) until 7/23 due to title seasoning. We’ve already paid $820 for inspection & appraisal and are ready to close.
In short, I have two questions for you:
1) Can a waiver be granted to a purchase on a short sale property if the title change was not a change in ownership but merely just a change from himself to an LLC and then back to himself again?
2) If this short sale transaction falls apart due to the title seasoning, we want to pursuer REO properties. Can we do this even though the REO waiver expired on 6/9/09?
FYI – when all of our friends were buying 600k homes in Murrieta – we sat back & rented knowing damn well it was stupid.
Should we wait even longer for a conventional instead of FHA?
So that makes 3 questions for you tonight. 😉
ParticipantSD Realtor, I have a scenario I would love to present to you for analysis.
ParticipantSD Realtor, I have a scenario I would love to present to you for analysis.
ParticipantSD Realtor, I have a scenario I would love to present to you for analysis.
ParticipantSD Realtor, I have a scenario I would love to present to you for analysis.
ParticipantSD Realtor, I have a scenario I would love to present to you for analysis.
ParticipantI couldn’t agree w/ SD Realtor more.
Why not Cardiff, Encinitas or Solana Beach?I wish could relate to your problem a little more. We are a middle-class family trying to relocate partly due to the deteriorating school within our rental home school boundary (Escondido).
Transfers are not working due to the school districts budget.
You sound like a down-to-earth person & if you keep your kids humble – send them to the best school you can.
Good luck!
ParticipantI couldn’t agree w/ SD Realtor more.
Why not Cardiff, Encinitas or Solana Beach?I wish could relate to your problem a little more. We are a middle-class family trying to relocate partly due to the deteriorating school within our rental home school boundary (Escondido).
Transfers are not working due to the school districts budget.
You sound like a down-to-earth person & if you keep your kids humble – send them to the best school you can.
Good luck!
ParticipantI couldn’t agree w/ SD Realtor more.
Why not Cardiff, Encinitas or Solana Beach?I wish could relate to your problem a little more. We are a middle-class family trying to relocate partly due to the deteriorating school within our rental home school boundary (Escondido).
Transfers are not working due to the school districts budget.
You sound like a down-to-earth person & if you keep your kids humble – send them to the best school you can.
Good luck!
ParticipantI couldn’t agree w/ SD Realtor more.
Why not Cardiff, Encinitas or Solana Beach?I wish could relate to your problem a little more. We are a middle-class family trying to relocate partly due to the deteriorating school within our rental home school boundary (Escondido).
Transfers are not working due to the school districts budget.
You sound like a down-to-earth person & if you keep your kids humble – send them to the best school you can.
Good luck!
ParticipantI couldn’t agree w/ SD Realtor more.
Why not Cardiff, Encinitas or Solana Beach?I wish could relate to your problem a little more. We are a middle-class family trying to relocate partly due to the deteriorating school within our rental home school boundary (Escondido).
Transfers are not working due to the school districts budget.
You sound like a down-to-earth person & if you keep your kids humble – send them to the best school you can.
Good luck!
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