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Washington State SS; CA Real Estate License - Reciprocity?

Started this discussion. Last reply by Trong Dang Feb 12, 2013. 2 Replies

Just wondering; as a licensed RE agent in CA may I legally:1.  ...get paid representing a friend (as buyer) in a WA state SS?2. ....present my offer to the WA agent using CAR zips?3. ...offer my…Continue

Vanderbilt Mortgage - Anyone with experience with them on SS?

Started Aug 2, 2012 0 Replies

Just picked up a new short sale negotiation opportunity today.  The servicer is Vanderbilt Mortgage in Tennessee.  Does anyone have any tips or experience or both with them on short sales?  Before I…Continue

GMAC SS - Advice needed!

Started this discussion. Last reply by Smitty Jun 28, 2012. 3 Replies

For those of you experienced with GMAC negotiations..... how does one get them to lower their 'minimum offer' expectations?  We have a $242K all cash offer (no closing cost concessions) on a home…Continue

 

Dave Reynolds's Page

Latest Activity

Dave Reynolds replied to LORRAINE D's discussion Queston? Could anyone share how they market for shortsale?
"I'm working the best system 'ever' to acquire listings from NOD & NOS homeowners.  I will share if you aren't too close to my market area.  Email me at [email protected]  .  "
Jul 25
Trong Dang replied to Dave Reynolds's discussion Washington State SS; CA Real Estate License - Reciprocity?
"Dave, 1. I am not an attorney here in WA, but I am pretty sure you can't get a commission in WA unless you are licensed as a WA licensee, can anyone confirmed this?  I just talked to my MLS and they confirmed it informally. 2. Same as…"
Feb 12, 2013
Wayne Brooks replied to Dave Reynolds's discussion Washington State SS; CA Real Estate License - Reciprocity?
"Check the WA licensing reg.s I'm sure you need to use local forms Sellers generally won't want the Buyer's agent negotiating their short sale."
Feb 12, 2013
Dave Reynolds posted a discussion

Washington State SS; CA Real Estate License - Reciprocity?

Just wondering; as a licensed RE agent in CA may I legally:1.  ...get paid representing a friend (as buyer) in a WA state SS?2. ....present my offer to the WA agent using CAR zips?3. ...offer my negotiating services (to assure our offer is the one presented to foreclosing lender)?Thank you for a quick response.Dave ReynoldsUS Foreclosure ProSee More
Feb 12, 2013
joe beauchamp replied to Dave Reynolds's discussion Need Help on Defining/Structuring this 5 Lien Doozy!! in the group Help Me!
"Yeah, I spent too much time thinking about this - we stopped doing 3 mortgage properties years ago because the 1st wouldn't allow anything to go to the 3rd so the 3rd would say no. But 5? well, more fun than a sudoku puzzle.. WF is a regular…"
Aug 9, 2012
Dave Reynolds replied to Dave Reynolds's discussion Need Help on Defining/Structuring this 5 Lien Doozy!! in the group Help Me!
"Joe, Thanks for answering.  I'm not familiar with asking a lien holder to help pay for 'inferior' lien compensation; especially when it's a big bank in positions 1 thru 3 who will be made whole in the sale of this house.…"
Aug 9, 2012
Jeff Payne replied to Dave Reynolds's discussion Need Help on Defining/Structuring this 5 Lien Doozy!! in the group Help Me!
"Yes it is a short sale.  The 4th and 5th appear to be short but not 1,2,and 3.  Sure the 4th wants to be made whole, everyone does but the reality is that the 4th is going to have to agree to a short payoff as well as the 5th.  Not…"
Aug 9, 2012
Dave Reynolds replied to Dave Reynolds's discussion Need Help on Defining/Structuring this 5 Lien Doozy!! in the group Help Me!
"Neil, Buyer is willing to pay a premium price for home.  I'm told appraisals and CMA show anywhere from the low 500's to the low 600's for value.  Apparently a non-tract home with acreage in an unincorporated outlying area…"
Aug 9, 2012
Dave Reynolds replied to Dave Reynolds's discussion Need Help on Defining/Structuring this 5 Lien Doozy!! in the group Help Me!
"Jeff, Is this really a short sale?  I understand your comments about who's going to get paid in the sale; however, the listing agent asks good questions about how best to 'structure' the sale.  FYI, the 4th lien holder is…"
Aug 9, 2012
Jeff Payne replied to Dave Reynolds's discussion Need Help on Defining/Structuring this 5 Lien Doozy!! in the group Help Me!
"It looks like you only have to worry about 4 and 5.  1,2and 3 are made whole and 4 and 5 are short."
Aug 9, 2012
joe beauchamp replied to Dave Reynolds's discussion Need Help on Defining/Structuring this 5 Lien Doozy!! in the group Help Me!
"WF can foreclose and get all their $$. #4 gets paid, AmEx gets about 6% of what is owed.WF won't even talk to WF for the other loans - there is no cooperation there. I think most banks will throw some $$ to a 2nd and $0 to all others for a…"
Aug 8, 2012
Neil L. replied to Dave Reynolds's discussion Need Help on Defining/Structuring this 5 Lien Doozy!! in the group Help Me!
"How much CASH does the tenant/buyer have? What is the buyer willing to pay? Your biggest obstacle to close this deal is obviously Lien 4.  Based on these answers you might be able to make it work."
Aug 8, 2012
Dave Reynolds added a discussion to the group Help Me!
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Need Help on Defining/Structuring this 5 Lien Doozy!!

Here are the facts and numbers:House is in CAHouse is tenant occupiedTenant wants to purchase house 5 liens on houseHouse value ~$560KAll liens delinquent - NOD Filed by Lien #3 belowSeller wants any deal that will avoid foreclosure; has no money to contribute to saleLien #4 wants paid off completelyLiens in order:Wells Fargo - $210KWells Fargo LOC - $143KWells Fargo LOC - $99KDOT on Loan from Individual  - $100K - (Individual wants to cure the $13K NOD default and then foreclose and get his…See More
Aug 8, 2012
Dave Reynolds joined Wendy Rulnick's group
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Help Me!

Post your Short Sale Problem. One of our Short Sale Superstars may have a solution!See More
Aug 8, 2012
Dave Reynolds posted a discussion

Vanderbilt Mortgage - Anyone with experience with them on SS?

Just picked up a new short sale negotiation opportunity today.  The servicer is Vanderbilt Mortgage in Tennessee.  Does anyone have any tips or experience or both with them on short sales?  Before I wade in I'd like to know how best to serve all parties on facilitating a close on this one.  Thank you.See More
Aug 2, 2012
Smitty replied to Dave Reynolds's discussion GMAC SS - Advice needed!
"Nope.  Buyer's lender chose the appraiser.  Appraisers ARE supposed to act subjectively."
Jun 28, 2012

Profile Information

First Name
Dave
Last Name
Reynolds
Are you a...
3rd Party Negotiator
State
California
City
Rancho Cucamonga
My Profile
Full time SS facilitator and Part time RE agent

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