Beth Larsen
  • Female
  • Sedona, AZ
  • United States
  • Arizona
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  • Deborah Y Wilson

Beth Larsen's Discussions

B of A transferring file from DTS to AMS....Is this so they won't have to pay Coop Relo fee?

Started this discussion. Last reply by Deborah Y Wilson Sep 17, 2014. 3 Replies

I have a B of A Coop SS that was approved and almost made it to closing....but USDA buyer hit a bump and needed extra time. B of A would only give a short extension. We needed about another week. We…Continue

Tags: of, BofA, DTS, Coop, America

Will Banks Approve a Sale that includes an IRS 1031 Exchange? Has anybody run into this?

Started this discussion. Last reply by Brian Avery Feb 15, 2013. 10 Replies

Hello Everybody,Just received an offer on a short sale listing (B of A 1st, Chase 2nd).The contract stipulates that the sellers cooperate with the buyers' 1031 Exchange. It's been a few years since…Continue

Tags: of, America, Chase, Bank, Sale

Feedback on BMO Harris Short Sales?

Started this discussion. Last reply by Deborah Y Wilson Dec 16, 2012. 7 Replies

Has anybody closed a short sale with M & I Bank / aka now BMO Harris Bank where they forgave the deficiency amount? I see a comment in…Continue

Tags: commission, deficiency, Harris, BMO

 

Beth Larsen's Page

Profile Information

First Name
Beth
Last Name
Larsen
Are you a...
Agent
State
Arizona
City
Sedona
My Profile
RE/MAX Sedona
2290 W SR 89A
Sedona, AZ 86336
800-282-4166 x252
Direct: 928-284-2501

REALTOR©
ABR - Accredited Buyer Representative
e-Pro - Internet Professional
GRI - Graduate, REALTORS© Institute
CDPE - Certified Distressed Property Expert
CNE - Certified Negotiation Expert

I've lived in the Sedona and Verde Valley area in north central Arizona since 1988 and have been selling real estate full time since 1999. I'm here to help in good markets and bad ;^).

AREAS I WORK: Sedona (ALL- including Oak Creek Canyon, Uptown Sedona, West Sedona, Red Rock Loop area, Little Horse Park aka Chapel area, Village of Oak Creek & Big Park). I also work the surrounding Verde Valley communities, with a focus on Verde Santa Fe and the rest of Cornville, Cottonwood, and Clarkdale.

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At 4:19pm on September 17, 2014, Deborah Y Wilson said…

BMO Harris does not do short sales or Loan modifications.  You almost always have to litigate a settlement with them or you will not get one done.  They will tell you straight up that they do not do short sales and they will tell you they never modify.  They bought out M & I Bank, and M & I has a lot of shaky loans so it is usually not hard to get them to a settlement if you work with an attorney to press a forensic loan audit and litigate.  It will cost your seller to do this, but can be worth it if the settlement is a good one for the client.  Otherwise, sometimes foreclosure is their best option with this lender. 

 
 
 

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