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Darla Maddalone Female Bend, OR United States: Share; Share on Twitter; Share on Facebook

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Short Sale Referrals

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Bank of America Short Sa…

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Darla Maddalone's Discussions

On Ounce of Prevention....May Save Your Sellers Some $$$$

As a new member of Short Sale Superstars and just reading your post...what will banks think of/or do next? This is excellent information. Thank you Sally and David

Replied Dec. 31, 2009

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Darla Maddalone commented on Wendy Rulnick's group 'Bank of America Short Sales'

Be careful claiming insolvency. IRS Form 982 and IRS Publication 4681 (page 6) has the worksheet - check it out first. You have to claim everything....even retirement accounts, cash value of life insurance, etc. to claim insolvency. **I am not a tax…

August 13

Darla Maddalone commented on Wendy Rulnick's group 'Bank of America Short Sales'

Well, Bob...I'm still confused by your answers. I'm not aware of any state in this nation that doesn't require a contract for real estate to be in writing to be valid and enforceable (but, maybe your state is different). That being said....if you d…

July 21

Darla Maddalone commented on Wendy Rulnick's group 'Bank of America Short Sales'

Bob, it's still very confusing what you are saying. Jeff asked the right question - Do you have a signed contract (sale agreement) with the seller? Forget the lienholder and the whole short sale for a moment. Do you have a signed contract with the s…

July 21

Darla Maddalone commented on Wendy Rulnick's group 'Bank of America Short Sales'

Katerina - That approach has gone through my mind...thank you for your experience with Radian.

July 15

Darla Maddalone commented on Wendy Rulnick's group 'Bank of America Short Sales'

Thank you Ben....I just sent you an email.

July 15

Darla Maddalone commented on Wendy Rulnick's group 'Bank of America Short Sales'

Does anyone have a contact person and number for Radian (mortgage insurance) co.? According to BofA, Radian is the hold up in our short sale approval, which I understand their position as the mortgage insurer. However, they are asking the Seller to…

July 15

Darla Maddalone commented on Wendy Rulnick's group 'Bank of America Short Sales'

Ben, I have been driving myself crazy researching deed & transfer records and searching online trying to figure out "who" the contacts are. Thank you for your information!

June 15

Darla Maddalone commented on Wendy Rulnick's group 'Bank of America Short Sales'

Does anyone have the contact information for the Bank of New York Mellon? They are the investor on a BofA short sale I'm working on, and it's to the point I need to contact them.

June 15

Darla Maddalone added a discussion to the group Bank of America Short Sales

What really is the best way to replace a Buyer (using Equator) on a Bo A short Sale?

I read a previous discussion here regarding the steps needed to replace a Buyer on a BofA short sale, and read information on other websites....but I'm getting the sense it's a hit and miss proposition? Not only do I need to replace a Buyer, I have…

June 7

Darla Maddalone replied to Laurie Clark's discussion 'BofA Approved Short Sale now it Foreclosed and Freddie won't Rescind' in the group Bank of America Short Sales

Check the legal records....have your Title/Escrow person pull the deed or go to the Courthouse and find it yourself. Tax records are typically delayed and BofA has nothing to do with recording the deed. You need to be on top of this to know the real…

May 13

Darla Maddalone replied to Laurie Clark's discussion 'BofA Approved Short Sale now it Foreclosed and Freddie won't Rescind' in the group Bank of America Short Sales

Hi Laurie, Wow, you definitely have my sympathy on this transaction. Has the Deed recorded (i.e. the title reverted back to FNMA)? If it has recorded, it's a brand new ball game. In Oregon, title passes by deed and deed alone...you don't get to "re…

May 13

Darla Maddalone replied to Lonnie Hunter's discussion 'Bank of America pocketing money in offer' in the group Bank of America Short Sales

Sounds like a strange situation....but possibly they are keeping back interest and payments and any other costs they can come up with?

May 11

Darla Maddalone replied to Cheryl Johnson's discussion 'Cancelling a short sale transaction: Will B of A refund buyer's deposit?' in the group Bank of America Short Sales

Cheryl, The Buyer (your client) and the Seller are the parties to the transaction...not BofA. The signed Sale Agreement between the Buyer & Seller set the terms and conditions of the sale - the termination provisions, disposition of earnest money,…

May 11

Jeff Jewell replied to Darla Maddalone's discussion 'On a BofA Short Sale, is the spouse's income included if they are not on the loan & not on title to the property?' in the group Bank of America Short Sales

I have had a lender (not BofA) specifically direct me to only include the person on the loan. In that case the wife had the loan, and both were on title. The bank instructed me to only include the income from the wife.

April 12

Darla Maddalone replied to Darla Maddalone's discussion 'On a BofA Short Sale, is the spouse's income included if they are not on the loan & not on title to the property?' in the group Bank of America Short Sales

Thank-you everyone for your input. The consensus here reaffirmed my thoughts that the spouses income is not required.

April 11

Esther M. Kelly replied to Darla Maddalone's discussion 'On a BofA Short Sale, is the spouse's income included if they are not on the loan & not on title to the property?' in the group Bank of America Short Sales

No, if the spouse is not on the deed and not on the loan obligation then the answer is no regardless if she is on the taxes.

April 11

Profile Information

First Name

Darla

Last Name

Maddalone

State

Oregon

City

Bend

My Profile

Principal Broker/Owner of Bend Oregon Homes Online, LLC. My 30 years of real estate experience spans: real estate appraisal, new construction and site sales, relocation, distressed sales and property management. The Bend, OR area has experienced an extremely active foreclosure/short sale market - having been ranked #1 in the country for property appreciation and then holding the distinction as #1 rank for property depreciation...ouch! It's been a wild ride.

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