Brett Goldsmith
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Brett Goldsmith's Discussions

Anyone have a Bayview escalation contact?

Started Mar 13 0 Replies

Anyone have a Bayview escalation contact?Continue

SLS Escalation Contact

Started Feb 15 0 Replies

Any high level SLS escalation contacts? Urgent situation and need another pair of eyes to assist.Continue


Started this discussion. Last reply by Justin Berry Mar 13, 2017. 1 Reply

Is it possible to for a USDA short sale to be approved if borrower is facing imminent default or is there a hard set guideline that the account MUST be delinquent?Continue

What's the most money you've seen a 1st give a 2nd mtg lien?

Started Mar 3, 2017 0 Replies

I saw SPS pay out 100k to a 2nd mtg lien. It was a large 2nd. What's the most you've seen?Continue


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Brett Goldsmith's Page

Latest Activity

Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"The only time one is able to go below 84% NET from what I've ever seen is when there is a partial claim that is required to get paid."
Sep 13
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"Gurerry, let me rephrase that for you. You can get to a lower tier prior to the requested time period per the ATP by having a variance submitted. Here's an example: I've gotten 84% NET approved within 30 days of borrower being in the PFS…"
Sep 13
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"@Gregg depends if NET is being exceeded or not. It's possible to go straight to 86 or 84% tier within 30-60 days but you need a variance submitted."
Sep 12
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"3% is typically approved for FHA buyers if the minimum NET for investor is being exceeded. If you are asking for closing costs and obtaining conventional financing you likely will not be approved for any credits towards closing…"
Sep 12
Brett Goldsmith replied to Allan Robinson's discussion VA Minimum Net is 84.05% in the group VA Compromise Sales
"To my knowledge yes. It was 85.05% a few years ago and now 84.05%. The servicer though doesn't have to accept 84.05% though but more often then not the large servicers do. [email protected] 310-564-6389"
Sep 11
Brett Goldsmith replied to Pat Hood's discussion Can the IRS $500,000 allowable net proceeds for a married couple from primary residence be used to offset 1099C income from a short sale?
"Not a CPA but never heard of that and have a high confidence you can't do that. When did they enter into contract? If it was 2017 the mortgage debt forgiveness act may still apply. Not sure of the nuances of entering into contract in 2017 means."
Aug 30
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"@Neddie PFS short sales always settle debt in full. 1099C will be for settled amount and borrower should look into if they are insolvent or not."
Aug 28
Angie Morris liked Brett Goldsmith's group Tennessee Short Sales
Aug 28
Brett Goldsmith replied to Neddie B.'s discussion HUD Short Sale with FHA Buyer
"Sounds like maybe the buyer should lower their offer to match the appraisal and then get it approved at 96k? [email protected] 310-564-6389"
Aug 6
Brett Goldsmith replied to Pat Hood's discussion Does additional Buyer contribution to junior lien need to show on first lien's approval letter?PLUS the HUD?
"Ocwen needs to approve the contributions on the HUD to a JR lien holder as certain investors don't allow contributions. Typically these contributions do not show up on the approval letter but it still needs to be approved. HUD approval should…"
Aug 6
Brett Goldsmith commented on Wendy Rulnick's group Bank of America Short Sales
"@Teresa if you have your broker rewrite the contract for the buyer they may pay 5%. Not sure if that makes sense and be careful as it could delay the file, etc and not sure when your value expires, etc. BOA does like to cut commissions based on a…"
Aug 2
Brett Goldsmith commented on Wendy Rulnick's group VA Compromise Sales
"@Wendy generally VA relocation incentive may be approved if you are exceeding the minimum NET, so theoretically you'd need to be $1,500 over the 84.05% NET of appraised value."
Jul 30
Annie Coronel joined Brett Goldsmith's group
Jul 25
Brett Goldsmith replied to Elliot Ambalo's discussion OCWEN NIGHTMARE!!!!! WONT initiate a file it is an Estate! And now put it on auction list!
"Unfortunately this is what must be done in almost any short sale where there are deceased borrowers and there is no executorship of estate in place."
Jul 25
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"@AL typically short sales are sold as-is and repair costs will not be approved. Repairs should be baked into the purchase price. [email protected] 310-564-6389"
Jul 25
Kathleen Sheridan joined Brett Goldsmith's group
Jul 17

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Woodland Hills
My Profile
My name is Brett Goldsmith I'm the CEO of Short Sale Superstars. You can also find me at I am a partner who oversees a team of real estate professionals that specialize in short sales, loan modifications, and 2nd lien settlements.

Our brokerage is partnered with attorneys, which allow us to give stronger services in all areas of real estate. Since the 2007 pop of the mortgage bubble we have been able to help thousands of struggling homeowners as well as those buyers and sellers that are not struggling at all. We have worked hard to go above and beyond to bring the main street client better communication, knowledge, experience, and a sense of dedication to their case. Although we work a large number of cases, we take great pride in our customer service and making each client's voice heard. If you're interested in anymore information regarding specific programs and services offered please feel free to send me an email at [email protected] or call me at 310-564-6389. My door is always open and thank you in advance for the opportunity to serve and meet your needs.

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At 6:55pm on October 12, 2015, Kelly Magreevy said…

Hi Brett,

I have been working on a short sale since February, Fannie Mae is investor, was told today that my seller is not eligible because he is not delinquent on his mortgage payments. He is a veteran that retired from the air force and had to move to Wisconsin. He got a job as a postal worker and has a security clearance. I had heard that once he misses the 31 days of  his mortgage payment that Fannie Mae will grant the short sale. The junior lienholder is Chase who has been very responsive. What should I tell this AF veteran to do? Thanks for your help with this. 

Brett Goldsmith's Blog

Nationstar is now Mr. Cooper!

Posted on September 12, 2017 at 8:45am 1 Comment

Nationstar is now Mr. Cooper! They do have a new Mr. Cooper letterhead authorization letter and they are still utilizing equator. Nothing internally has changed to our understanding of the short sale process for now. This was a move to re-brand the company.

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Short Sale Processing Support

Posted on December 13, 2016 at 3:13pm 1 Comment

Why Use A Short Sale Processor?

“No one can whistle a symphony. It takes a whole orchestra to play it.” 

Some agents will not touch a short sale file without their processor(s) and others are scared to relinquish any control whatsoever. We come across a mix of both and find that once an agent has a processor who adds enough value to their business they will never turn back.

A processor should know 10X than you about short sales and everything that goes into…


California - Charged Up Front For A Loan Modification Review?

Posted on August 6, 2014 at 4:00pm 0 Comments

We want to help get homeowners get their money back who were charged upfront for a loan modification review in California. If you know anyone who falls into this category and who would like to try to get their money back please let me know as I can get them free assistance in this matter.


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Ocwen Continues to Grow Buying Rescap's Servicing Platform (GMAC)

Posted on February 26, 2013 at 3:34pm 0 Comments

Ocwen is continuing to grow as they won an auction for Rescap's mortage servicing and origination assets. Files that were previously being serviced with GMAC will now be serviced by Ocwen. Ocwen is a large servicer who is well known in the short sale community for it's outsourcing and not wanting to postpone sale dates. With that aside Ocwen is a fairly easy lender to deal with if you have contacts and know how to maneuver through their…



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