All Discussions Tagged 'pay' - Short Sale Superstars2024-03-29T08:25:31Zhttp://shortsalesuperstars.com/forum/topic/listForTag?tag=pay&feed=yes&xn_auth=noShort pay off with ocwen & Shellpoint / shell pointtag:shortsalesuperstars.com,2018-05-19:3468065:Topic:3928782018-05-19T22:38:13.338ZElliot Ambalohttp://shortsalesuperstars.com/profile/ElliotAmbalo
<p>Any one have any experience doing a short pay off with Ocwen & Shell Point?</p>
<p>Any one have any experience doing a short pay off with Ocwen & Shell Point?</p> Greetree Short Sale / Fannie Maetag:shortsalesuperstars.com,2015-07-08:3468065:Topic:3662342015-07-08T15:02:11.432ZP Nicolas Velecicohttp://shortsalesuperstars.com/profile/PNicolasVelecico
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<p> Just received a Green tree approval and they keep referring me back to the FANNIE GUIDELINES which are a bit confusing to me .</p>
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<p>My first question is a credit card that went into a judgement and thus a lien on the property fall under the Junior lien guidelines ? Green tree is saying NO , The property has a lien with a company called Mid land Funding for $8000 , Green tree is saying even if we negotiate this down we cant use any of the approved $6000 towards the lien…</p>
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<p> Just received a Green tree approval and they keep referring me back to the FANNIE GUIDELINES which are a bit confusing to me .</p>
<p></p>
<p>My first question is a credit card that went into a judgement and thus a lien on the property fall under the Junior lien guidelines ? Green tree is saying NO , The property has a lien with a company called Mid land Funding for $8000 , Green tree is saying even if we negotiate this down we cant use any of the approved $6000 towards the lien because Fannie Mae will not allow credit card debts to be part of pay off . ( original dent was Capital One ) </p>
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<p>We are getting $6000 towards Juniors lines and a $3000 BUYER CREDIT FOR CLOSING COST ? We had asked for a seller relocation or cooperative short sale credit and was denied that , never asked for the buyer credit , but will take it since she may have to pay off this lien .Did they approve a 3000 buyer closing cost credit anticipating that the buyer would have to negotiate these liens ? </p>
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<p>The second question is HOA dues , there is another lien for $5800 , this represents about 4 years of delinquent dues . Green tee is saying 6 months is the max that Fannie will pay , is that 6 months if they are just delinquent ? , this is a lien , so will they pay the whole $5800 since we have $6000 towards Junior Liens ? </p>
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<p></p> How to get Short Sale Listing (with ANY marketing method)tag:shortsalesuperstars.com,2014-10-01:3468065:Topic:3566772014-10-01T02:04:36.711ZLee Honishhttp://shortsalesuperstars.com/profile/THELeeHonish
<p>K.I.S.S.</p>
<p>I am a fan of Seth Godin books and his permission based marketing, it is always easier to be an advocate than a salesperson. WE are asking people who are in distress to list and sell their homes.</p>
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<p>Here are a few ideas to help you get some ideas for marketing.</p>
<p><em><span style="color: #999999;">PS: ANY method works as long as you WORK IT.</span></em></p>
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<p>Here are the basic steps (attached below is market funnel you can…</p>
<p>K.I.S.S.</p>
<p>I am a fan of Seth Godin books and his permission based marketing, it is always easier to be an advocate than a salesperson. WE are asking people who are in distress to list and sell their homes.</p>
<p></p>
<p>Here are a few ideas to help you get some ideas for marketing.</p>
<p><em><span style="color: #999999;">PS: ANY method works as long as you WORK IT.</span></em></p>
<p></p>
<p>Here are the basic steps (attached below is market funnel you can download):</p>
<ol>
<li>Select your data (30/60/90 lates, NOD, Lis Pendens, Notice of Sale or Auction)</li>
<li>Marketing Piece (door knocking, cold calling, mailers, door drops, ads, billboards, TV/Radio or MONSTER)</li>
<li>Response Call Script & Conversion to face to face</li>
<li>Follow up before visit (reminder of appointment)</li>
<li>Face to face meeting, script and delivery package</li>
<li>Follow Up (including direct: email, phone or text & web: social media & website)</li>
<li>LISTING</li>
<li>Repeat</li>
</ol>
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<p><span class="font-size-3" style="color: #99cc00;"><strong>PS: Enter a marketing idea or topic and I will help your current marketing plan, the goal is to help the homeowner and help you and your family</strong></span></p>
<p></p>
<p><strong>Here are a collection of podcasts to help you, listen to experts:</strong></p>
<p><span class="font-size-1"><em><span>Note: There are commercials to pay for the podcast, FAST FORWARD THEM, this is not an offer of solicitations and I want to stay within the rules of the group (AGAIN, USE THE FAST FORWARD FEATURE ON YOUR iPhone OR ANDROID)</span></em></span></p>
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<p><span class="font-size-2" style="color: #000000;"><em><br/></em> <strong>How to knock a door</strong></span></p>
<p><span class="font-size-2" style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-09-05T19_40_44-07_00">http://realestatemarketing.podomatic.com/entry/2014-09-05T19_40_44-07_00</a></span></p>
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<p><strong><span class="font-size-2" style="color: #000000;">Two prong listing attack: web and direct (Bob Irish creator MentorMe)</span></strong></p>
<p><span class="font-size-2" style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-08-29T19_23_56-07_00">http://realestatemarketing.podomatic.com/entry/2014-08-29T19_23_56-07_00</a></span></p>
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<p><strong><span class="font-size-2" style="color: #000000;">How to use RealtyTrac & Door Dropping</span></strong></p>
<p><span class="font-size-2" style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-08-24T11_54_15-07_00">http://realestatemarketing.podomatic.com/entry/2014-08-24T11_54_15-07_00</a></span></p>
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<p><strong><span class="font-size-2" style="color: #000000;">Staying Positive (Darlene Martinez, Broker & NAHREP top 200)</span></strong></p>
<p><span class="font-size-2" style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-09-03T18_31_59-07_00">http://realestatemarketing.podomatic.com/entry/2014-09-03T18_31_59-07_00</a></span></p>
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<p><strong><span class="font-size-2" style="color: #000000;">Overcome ANY objection at the door (David Bartels, Home Loan Advocates)</span></strong></p>
<p><span class="font-size-2" style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-09-22T09_54_27-07_00">http://realestatemarketing.podomatic.com/entry/2014-09-22T09_54_27-07_00</a></span></p>
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<p><strong><span class="font-size-2" style="color: #000000;">Short Sale Conversion (Nino Sabroso, Conversion Trainer & Broker)</span></strong></p>
<p><span class="font-size-2" style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-09-28T13_14_20-07_00">http://realestatemarketing.podomatic.com/entry/2014-09-28T13_14_20-07_00</a></span></p>
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<p><strong><span class="font-size-2" style="color: #000000;">A FULL Marketing Plan for short sales</span></strong></p>
<p><span class="font-size-2" style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-09-25T15_36_48-07_00">http://realestatemarketing.podomatic.com/entry/2014-09-25T15_36_48-07_00</a></span></p>
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<p><span class="font-size-2" style="color: #000000;">Attachment below: Funnel.jpeg</span></p>
<p><span class="font-size-2" style="color: #000000;">____________</span></p> Do you really think short sales are back?tag:shortsalesuperstars.com,2014-10-01:3468065:Topic:3565102014-10-01T01:40:11.270ZLee Honishhttp://shortsalesuperstars.com/profile/THELeeHonish
<p>I am very very bias, I have interviewed those who are making a CONSIDERABLE sum of money from working short sales (and I coach to do short sales as well)</p>
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<p>However, I know that many of you are coming back to the site and really trying to figure out if you should come back to short sales as a true data source for Realtors and Investors.</p>
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<p>I do nothing but educate on how to get face to face with homeowners who want to sell, so data is irrelevant when it comes to…</p>
<p>I am very very bias, I have interviewed those who are making a CONSIDERABLE sum of money from working short sales (and I coach to do short sales as well)</p>
<p></p>
<p>However, I know that many of you are coming back to the site and really trying to figure out if you should come back to short sales as a true data source for Realtors and Investors.</p>
<p></p>
<p>I do nothing but educate on how to get face to face with homeowners who want to sell, so data is irrelevant when it comes to getting a new listing, so here is some data to help you get back into the short sale flow....</p>
<p>PS: Get a profile and ask Bryant, Wendy, Jeff and Kevin (trust a former banker) they know their stuff!</p>
<p></p>
<p><strong>Here are a collection of podcasts to help you decide, listen to experts:</strong></p>
<p><span class="font-size-1"><em><span style="color: #808080;">Note: There are commercials to pay for the podcast, FAST FORWARD THEM, this is not an offer of solicitations and I want to stay within the rules of the group (AGAIN, USE THE FAST FORWARD FEATURE ON YOUR iPhone OR ANDROID)</span></em></span></p>
<p></p>
<p><span style="color: #000000;"><strong>VP RealtyTrac Daren Blomquist "Is the Market going to crash 2014?"</strong></span></p>
<p><span style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-09-18T18_36_36-07_00">http://realestatemarketing.podomatic.com/entry/2014-09-18T18_36_36-07_00</a></span></p>
<p></p>
<p><strong><span style="color: #000000;">Ask the negotiators (David Bartels, Ben Benita, Marlene Waterhouse & Tina Hartman)</span></strong></p>
<p><span style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-09-23T18_36_49-07_00">http://realestatemarketing.podomatic.com/entry/2014-09-23T18_36_49-07_00</a></span></p>
<p></p>
<p><strong><span style="color: #000000;">Ask the bloggers (Mike Linkenaguer & Bryant Tutas)</span></strong></p>
<p><span style="color: #000000;"><a href="http://realestatemarketing.podomatic.com/entry/2014-09-30T14_44_36-07_00">http://realestatemarketing.podomatic.com/entry/2014-09-30T14_44_36-07_00</a></span></p> Short pay on Existing mortgage and keep the housetag:shortsalesuperstars.com,2011-11-04:3468065:Topic:1868412011-11-04T01:59:23.833ZJackie Henderson Kummhttp://shortsalesuperstars.com/profile/JackieHendersonKumm
<p> I have a client that has come to me and says that BOA is offering to accept about 80% of the current value, (about 50% of the existing mortgage balance debt) as acceptance to pay off the exsting mortgage. The buyer has the ability to have this fundraiser, but just wondering if anyone else has any experience? It sounds smart on the banks side to offer this program, but smart and bank in the same sentence???</p>
<p> </p>
<p>Jackie Henderson Kumm<br/>Edina Realty</p>
<p> I have a client that has come to me and says that BOA is offering to accept about 80% of the current value, (about 50% of the existing mortgage balance debt) as acceptance to pay off the exsting mortgage. The buyer has the ability to have this fundraiser, but just wondering if anyone else has any experience? It sounds smart on the banks side to offer this program, but smart and bank in the same sentence???</p>
<p> </p>
<p>Jackie Henderson Kumm<br/>Edina Realty</p> Any luck with short sale mailing list? 30,60,90, 120 non pay pre-nodstag:shortsalesuperstars.com,2011-04-22:3468065:Topic:944972011-04-22T21:12:53.652ZLev Millshttp://shortsalesuperstars.com/profile/LevMills
<p>Has anyone had any luck with a direct mail or door knock campaign using a short sale mailing list?</p>
<p> </p>
<p>What is your conversion on the list? What service are you using?</p>
<p> </p>
<p>Thanks for your insight.</p>
<p> </p>
<p>Lev</p>
<p>Has anyone had any luck with a direct mail or door knock campaign using a short sale mailing list?</p>
<p> </p>
<p>What is your conversion on the list? What service are you using?</p>
<p> </p>
<p>Thanks for your insight.</p>
<p> </p>
<p>Lev</p> How to get the 1st loan to pay something towards the second loan.tag:shortsalesuperstars.com,2010-11-18:3468065:Topic:593172010-11-18T01:06:48.527ZDonna Paulhttp://shortsalesuperstars.com/profile/DonnaPaul
I just listed this home. It has two outstanding mortgage on it. One with GMAC for $365,000 and the other one on EMC for $80,000.... I got an offer above asking price which is $306,000. I want to make sure that the 1st loan considers the 2nd loan, so that my client doesn't pay back a large sum to the bank,.
I just listed this home. It has two outstanding mortgage on it. One with GMAC for $365,000 and the other one on EMC for $80,000.... I got an offer above asking price which is $306,000. I want to make sure that the 1st loan considers the 2nd loan, so that my client doesn't pay back a large sum to the bank,. Obama Paying $1,500 to Homeowners who do a Short Saletag:shortsalesuperstars.com,2010-03-08:3468065:Topic:187192010-03-08T21:35:32.229ZNeil L.http://shortsalesuperstars.com/profile/ShortSales
The Obama Administration is going to begin paying Homeowners $1,500 in relocation assistance for doing a short sale beginning on April 1st!<br/>
<br/><a href="http://www.kentuckysolutions.com/obama-paying-for-short-sales">http://www.kentuckysolutions.com/obama-paying-for-short-sales</a>
The Obama Administration is going to begin paying Homeowners $1,500 in relocation assistance for doing a short sale beginning on April 1st!<br/>
<br/><a href="http://www.kentuckysolutions.com/obama-paying-for-short-sales">http://www.kentuckysolutions.com/obama-paying-for-short-sales</a> Buyer to "contribute" towards paying off second lender, out of escrowtag:shortsalesuperstars.com,2010-01-15:3468065:Topic:118822010-01-15T23:18:59.887ZPacita C Dimacalihttp://shortsalesuperstars.com/profile/PacitaCDimacali
i need help to better understand this....<br />
<br />
More and more, I'm seeing this situation (and proposed strategy) to help get the second lien holder to cooperate with the short sale by having the buyer write in an addendum that buyer will agree to contribute up to $XXX to pay off second lien.<br />
<br />
I represented two buyers on separate and closed transactions.<br />
<br />
First property had two separate lenders (IndyMac on 1st, Bank of America on 2nd)<br />
Second property had two loans, same lender (Wells Fargo)<br />
<br />
On both,…
i need help to better understand this....<br />
<br />
More and more, I'm seeing this situation (and proposed strategy) to help get the second lien holder to cooperate with the short sale by having the buyer write in an addendum that buyer will agree to contribute up to $XXX to pay off second lien.<br />
<br />
I represented two buyers on separate and closed transactions.<br />
<br />
First property had two separate lenders (IndyMac on 1st, Bank of America on 2nd)<br />
Second property had two loans, same lender (Wells Fargo)<br />
<br />
On both, buyers agreed to pay a certain amount as pay off to the second lender.<br />
<br />
Who else encountered this? What did you do? What are the ramifications of this strategy?<br />
<br />
(Apologies if this is posted more than once....haven't quite got the hang of posting a question or starting a discussion.)