Brenda Houghton
  • Female
  • Grapevine, TX
  • United States
  • Texas
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Brenda Houghton's Discussions

Broker short sale

Started this discussion. Last reply by Ray Sande Jul 30, 2015. 2 Replies

Someone asked me this question and I'm not sure I know the answer: If a broker needs to short sale his/her property, can they be represented by an agent from their brokerage, with regards to the arms…Continue

 

Brenda Houghton's Page

Latest Activity

Brenda Houghton commented on Stephanie Lim's group FHA - HUD Short Sales
"In our region it takes 30 - 45 days to obtain a Certificate of Release, from the date of the initial document submission. Timing is important, because both the short sale approval and the Certificate of Release have expiration dates. You will want…"
Sep 8, 2016
Brenda Houghton replied to Melissa F-K's discussion Buying a Wells Fargo Short Sale - it's been over a year with no end in sight. in the group Wells Fargo Short Sales
"If the seller has relocated and no longer occupies the home, she is not required to go through a modification prior to a short sale request, per HUD PFS guidelines, so that's something to check into. In reality, if the seller doesn't have…"
Sep 17, 2015
Brenda Houghton replied to Melissa F-K's discussion Buying a Wells Fargo Short Sale - it's been over a year with no end in sight. in the group Wells Fargo Short Sales
"I thought about this, too, Dean, but because she doesn't have the seller's loan number, I wasn't sure if they'd be able to identify the transaction. I agree it would be worth a try."
Sep 16, 2015
Brenda Houghton replied to Melissa F-K's discussion Buying a Wells Fargo Short Sale - it's been over a year with no end in sight. in the group Wells Fargo Short Sales
"Hi Melissa, It is very frustrating to be a buyer in a short sale for exactly the reasons you've stated. The buyer has no control over the process at all. Though it isn't unusual for a short sale to take 6 months, the fact your's has…"
Sep 16, 2015
Brenda Houghton replied to johnna lodge's discussion Need Help: Lack of Correspondence from Negotiator and False BPO in the group Bank of America Short Sales
"CFPB Complaint Hi Johnna, You certainly have a CFPB worthy servicing complaint. BOA is seriously harming your client by not allowing them fair access to foreclosure avoidance. BOA is putting your client at high risk of foreclosure by denying them a…"
Sep 16, 2015
Brenda Houghton commented on Stephanie Lim's group FHA - HUD Short Sales
"FHA PFS Allowable Fees HOA fees are allowable fees to be paid from seller's proceeds per HUD Preforeclosure Sale rules. The sellers would also be required to use their $3000 incentive to pay a part of the HOA fees. The remaining amount HUD…"
Sep 15, 2015
Ray Sande replied to Brenda Houghton's discussion Broker short sale
"How it should work is... process the short sale through the financial instution to get short sale approval.  This can be anyone on the third party authorization.  It's when it comes time to sell the property and getting the buyer is…"
Jul 30, 2015
Brett Goldsmith replied to Brenda Houghton's discussion Broker short sale
"This should be okay in my opinion. If they were buying the property, I'd be more concerned about that. Of course like you mentioned disclose and just double check with the servicer. I'd be surprised if it wasn't…"
Jun 26, 2015
Brenda Houghton posted a discussion

Broker short sale

Someone asked me this question and I'm not sure I know the answer: If a broker needs to short sale his/her property, can they be represented by an agent from their brokerage, with regards to the arms length affidavit? I'm assuming all relationships will be disclosed. What are your thoughts or experiences? Thanks.See More
Jun 26, 2015
Brenda Houghton posted a status
"If a broker needs to short sale his/her property, is an agent from the brokerage able to represent the broker?"
Jun 26, 2015
Brenda Houghton commented on Wendy Rulnick's group VA Compromise Sales
"We just received an approval letter on a Wells Fargo VA short sale. I quit doing VA short sales years ago after disappointingly high, immovable appraisals foiled a number of VA short sales for me. Thanks to a CFPB complaint we filed due to…"
Jun 24, 2015
Brenda Houghton joined Wendy Rulnick's group
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VA Compromise Sales

Group devoted to discussions for Veterans Administration short sales, called Offers in Compromise, or VA Compromise Sales.See More
Jun 24, 2015
Brenda Houghton commented on Stephanie Lim's group FHA - HUD Short Sales
"An investor client will be closing on one of my FHA short sales at the end of the month. He plans to renovate and resell the property. I don't believe there is a required 90 day holding period like Fannie Mae short sales, but are there…"
Jun 17, 2015
Brenda Houghton replied to Sean Ryan's discussion Nationstar grabs the auction business from Auction.com with Homesearch.com in the group NationStar Mortgage
"I suggest filing a CFPB complaint for every Nationstar short sale that mucks with the actual value of the property and creates a danger of foreclosure for the seller. Been there, done that, closed it - no auction."
May 4, 2015
Brenda Houghton joined Bryant Tutas's group
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Freedom Mortgage

This group is for information, tips and solutions for Freedom Mortgage short sales.Main number 800.274.6600See More
Apr 2, 2015
Brenda Houghton commented on Wendy Rulnick's group Wells Fargo Short Sales
"When I was dealing with a somewhat similar situation, my concern was keeping myself out of the fray. Of course the buyers know the seller has no money, but hey, everyone knows Realtors and their brokers are loaded. When you're representing a…"
Feb 26, 2015

Profile Information

First Name
Brenda
Last Name
Houghton
Are you a...
Agent
State
Texas
City
Grapevine
My Profile
I been negotiating short sales since 2002. I'm proud to be a Keller Williams Realtor with SFR certification from NAR. I also have Five Star REO Certification.

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