I just received a call from my realtor saying that he wanted to let me know that the home we just purchased through foreclosure 5 days ago was sold today on the court house steps.

He knew this because the listing agent was called by the winning bidder and wanted access to the house.

Needless to say, I am a little worried even though we have all the paperwork showing we purchased the home fair and square. But we do not have the title in hand yet.

I wonder how much he paid.

I wonder if he has any right.

We have already invested several thousands of dollars… I am worried.

He is supposed to call me back and let me know what happens.

It sounds like Flagstar’s short sale department did not speak to Flagstars foreclosure department.

Does anyone know anything about what could happen. My brother found this article but it did not help much.
Short sale mistake

U P D A T E :

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1/4/12 – Email from Title company to Flagstar:

” xxxx,

Please be advised, the listing agent for the above referenced transaction, xxxx, received a call earlier today from xxxx (757-xxx-xxxx) who stated he purchased this property at the court steps via foreclosure today. See attached trustees sale print that was provided to us.

However, this transaction closed 01-30 per your company’s approval of the final lender approved HUD (see email below). Due to the court’s holiday schedule the documents could not be recorded until Tuesday 01-03.  The transaction was disbursed according to the buyer’s closing agency and the documents were overnighted to you per the shortsale approval letter yesterday 01-03..

I have attached all seller executed documents (shortsale documents and final HUD) for your reference.

The UPS package for the shortsale package sent from the buyers closing agent, Advance Title, with the proceeds check for Flagstar’s Proceeds was delivered as per the shortsale instructions at 10:09am today 10-04 and signed for by “xxxx” according to UPS. The tracking number for your reference is # xxxx

The call from xxxx has caused all parties to the transaction to become alarmed.  We ask that you address this matter immediately so all parties may be further assured your shortsale agreement was in good faith.  Please advise our office how you intend to proceed as soon as possible.”

1/4/12 – Email from Loss Mitigation /Flagstar to Title Company

“Good afternoon.  I am currently working on this with the attorney.  It appears that today when the request was made to close the file with our attorney that the request occurred minutes after the sale took place.  The reason that the sale was not place on hold sooner was that the documents for the closing package were not received prior to the sale which caused a delay in the request.

I am currently working with the attorney in determining the process to rescind the sale.

I will have an update by tomorrow morning at the latest.”

1/6/12 – Email from Loss Mitigation /Flagstar to Title Company

“I am currently working with the foreclosure attorney in rescinding the sale.  The third party buyer has been exceptional in assisting us with this as the purchase was valid.  At this time I am working on getting the deposit made back to the other individual, and actively seeking assistance from our attorneys to determine if the process can be sped up.

Unfortunately, this has never occurred before, especially with a third party buyer so I cannot provide a time line.  Our attorney has advised me that given the cooperation of the other buyer, this will be a quick and clean process.  

Any updates I receive I will forward.”

———

Geez.

It looks like everything is going to work out just fine. That was scary for a couple days. Hard to sleep, we already have enough going on with our jobs, fixing up the house and moving without worrying about if we really own the house.

Nov 29th > from my Realtor

“Just got a call back from the agent for xxxx.  Still no news.  She and the seller have both been calling Flagstar and are not getting calls or emails returned.  She emailed last week to point out to them the 11/30 deadline and reiterated to Flagstar that it is your intent to pull out after that date as soon as you find the property of your choice.  I reminded her that this was ratified back on 9/2 and that Flagstar has had almost 90 days to get this approved.  I also let her know that you’ve identified 7 properties that you would like to view this weekend.

She said that early part of last week that xxxx at Flagstar said he had all the info he needed and that the value was in line, so she was hopeful for approval.

My guess is that it met their guidelines and has been referred to the investor who has bought the pool of mortgages that this one is in for their approval.

I’ve asked xxxx to update me as soon as she hears something.”

Nov 30th > from my Realtor YES!

“Actually was just drafting email.  xxxx and I have talked & emailed this afternoon trying to get this tied down.

Seller has agreed.  Looks like we are moving forward!  She will let me know as soon as they receive the approval letter from Flagstar.  I am assuming we will receive this afternoon.

I will be going over there this afternoon to verify breakers.  Will txt you when done.  Please call VA Power after that for hookup.

Please also call City of Chesapeake Public Utilities for Water/sewer at 382-6368.  Please let me know when they will go.  Make sure you let them know it is a vacant property and that someone will need to meet there so if they can tighten up an appointment window to an hour instead of 4 hrs it would be greatly appreciated!

Finally, please call Virginia Natural gas at 877-572-3342 to set up.  Please explain vacant property as above.

Once all utilities are on, we can do the inspection.  Have you decided who you will be using?
I want to be there for all inspections.  My calendar can be switched around except for Noon to 3 on Saturday when I will be at another inspection on one of my listings.  Just let me know….”

Dec 1 – We received the Flagstar Approval Letter

Dec 5th – We paid for an inspection

From this point on we worked with our Mortgage Company and turned on all the utilities. The va appraisal came in at 310,000 even though the house has a zestimate of 330,000. and the property assessment is 345k. It has been a happy month. (needs new carpet, touchup paint and a few doors and overall cleanup)

Dec 12/29 – email from realtor

Congratulations!

Below is our final approval from Flagstar.(HUD settlement letter, I did not include it here) We are good for closing tomorrow.  See you at 3:00

We get the keys tomorrow!!!!!!!!  Thank goodness.

U P D A T E

1/4/11 - Our house was sold again! Flagstar Foreclosure

Just got this phone from Verizon today. It is a humongous upgrade from the Droid X (original).

First things I noticed is that it is much like my sons Google Nexus but faster. Quickness is its best feature if you ask me, it grunts out any task with its snappy dual-core 1.2GHz . Perhaps if I had another dual core phone before this one I would feel different, but this thing is a beast.

My second favorite feature is the smooth interface. Everything feels so fluent. Android 4 is well thought out. Annoying repetitive tasks have been ironed out in this release.

I took some photos of a co-workers Galaxy Nexus and some other phones with my Galaxy Nexus as seen above. The camera has a great deal to be desired in the quality department but it is astonishingly quick. Camera comes up in less than 3 seconds and it takes snaps in 1 second and is ready for another. It has a pretty cool panoramic feature as you can see below. I have shaky hands so I am guessing it had a hard time stitching with my panoramic 10 second swivel. This phone is FAST, if you are deciding on whether you should get it, you should, its speed is unbelievable!

This Photo Gallery made in Adobe Edge is very simplistic mainly because Adobe has not released all the features yet.  This Gallery uses edge actions to swap out the jpgs from the images folder. No cool transitions, just plain old image swapping. But this gives you a good idea on how to use global JavaScript variables inside of Adobe Edge using actions.

EXAMPLE Simple Adobe Edge Photo Gallery
There are 3 things on the stage, a jpg we want to switch out, and two buttons that are just transparent png arrows that take up half the screen.

There are also three Edge actions that make the photo gallery work. Click on the little actions icon to open up actions for a specific element.

STAGE> defining Global Variables
These variables will be used so the gallery knows which image to start with and how many total jpgs there are in the images folder.

//Start at .jpg number
this.i = 1;

// Set the total number of jpgs in the images folder
this.t =5;

BUTTON_NEXT> replacing the photo on stage with the next jpg from the images folder

// insert code for mouse clicks here

if (this.i > this.t-1)
{
this.i=0
}

 this.i = this.i+1;
$(this.lookupSelector("photo")).attr("src","images/"+this.i+".jpg");

BUTTON_BACK> replacing the photo on stage with the previous jpg from the images folder

// insert code for mouse clicks here

 this.i = this.i-1;
if (this.i == 0)
{
this.i=this.t
}
$(this.lookupSelector("photo")).attr("src","images/"+this.i+".jpg");

Adobe Edge Simple Photo Gallery Source (just swap out the jpgs in the images folder, make sure they are 800×450 or you will have to change the buttons and stage size)

When I first previewed Adobe Edge I thought it was going to be the new Dreamweaver but  It turns out that it is a future replacement for flash.  Even though flash and silverlight are widely adopted, HTML5 is compatible with ALL modern browsers. The only issue is slightly older browsers wont display HTML.

Currently HTML5 is not easy for a regular designer to program or make interseting effects with. Adobe Edge will make all the required javascript files for you so you can focus on how you want it to work and look. They adobted a Flash interface type atmosphere so it is easy for us Flash enthusiasts but with subtle difference that are seen in the silverlight world.

It looks like they currently spit out jquery type javascript files for the final web ready product. It looks pretty heavy if you want to do something simple but soon enough all websites will require most of these js files so web devlopers better hop on the HTML5 train quick to stay competitive.

One other attractive feature HTML 5 has going for it is that it is more SEO friendly meaning that work done in flash or silverlight might not get indexed by search engines as well as work you perform in a program like Adobe Edge.