David Zagorsky
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David Zagorsky's Discussions

Chase Recovery Department

Started Apr 5 0 Replies

We need to escalate on a file. The name of a decision maker in the Chase Recovery Department will be appreciated.Needless to say we will owe you one.:)Continue

HELOC Problem

Started this discussion. Last reply by David Zagorsky Apr 5. 4 Replies

1st is Bank of America $532,000 with a Chase HELOC $100,000. HELOC is at Professional Recovery Service who I believe is a specialty servicer and did not buy the note.We have approval from the 1st…Continue

Approval of a Trust

Started this discussion. Last reply by Joseph Alfe Feb 6. 12 Replies

Has anyone had a short sale approved for a property that was owned by a trust?If so, what documents did the lender require?Continue

Fannie - Human or AVM?

Started this discussion. Last reply by Kevin - Greenville, SC Dec 19, 2011. 4 Replies

An agent from emortgage did a BPO ($158,000 valuation) then an FHA appraisal ($165,000 valuation) was done on a town house we listed. It has a repaired cracked slab.Fannie claims they did a BPO…Continue

Tags: valuation, AVM, Mae, Fannie

 

David Zagorsky's Page

Latest Activity

David Zagorsky posted discussions
Apr 5
David Zagorsky replied to David Zagorsky's discussion HELOC Problem
"We just got B of A to see the light. Now I am reposting if anyone can help on the Chase Recovery escalation.Thanks"
Apr 5
Brian Avery replied to David Zagorsky's discussion HELOC Problem
"Did BofA limit the buyer contribution to the second? Unless the investor is Freddie I have never had a problem with buyers paying towards the second. I have one now where the buyer is paying 15k to second lien. BofA is first lienholder"
Apr 5
David Zagorsky replied to David Zagorsky's discussion HELOC Problem
"Sorry I forgot to write that Chase wants $21,500. The file is with Professional Recovery Service. Negotiations have gone on for months. PRS originally said Chase wanted $30,000. It was only yesterday that B of A Negotiator got upper management to…"
Apr 5
Brian Avery replied to David Zagorsky's discussion HELOC Problem
"How much does Chase want? Does the BofA  approval say the buyer can only bring in $5000 to pay towards the second lien?"
Apr 5
Joseph Alfe replied to David Zagorsky's discussion Approval of a Trust
"lenders can and will dictate how they want things done, and the law has little to do with it. Unless you have her attorney start barking at them, they will kill the deal over this."
Feb 6
Darlene Root replied to David Zagorsky's discussion Approval of a Trust
"The loan has nothing to do with the Trust.  The mortgage and note were signed by the husband and upon his death, the wife is responsible for them.  The wife put the property in the Trust for Estate Planning or tax purposes.  She had…"
Feb 6
Charlotte Lloyd replied to David Zagorsky's discussion Approval of a Trust
"The problem Jayne is the loan is in the husbands name who is deceased.  He has been gone 4 years. They had a trust the home went directly to her when he died.  It was in both of their names prior to him dying also.  They will not…"
Feb 6
Darlene Root replied to David Zagorsky's discussion Approval of a Trust
"Charlotte, If the wife put the home in the Trust after her husbands death, she would need to show the death certificate when title work is done to show that that she had the power to do so.  The home does not need to go through probate, nor…"
Feb 6
Charlotte Lloyd replied to David Zagorsky's discussion Approval of a Trust
"Does that work??  I have a situation where the husband has died.  He is on the loan only.  Wife owns the house and she put it in a trust.  BofA is telling me that she has to put the house in her dead husbands name and go through…"
Feb 6
Jayne Sanders replied to David Zagorsky's discussion Approval of a Trust
"If the mortgage is in the trust then no problem...just have the authorized person sign. If they put it in a trust after getting the mortgage they will have to put it back in their name. You will need all listing and sale contracts in the borrower…"
Feb 5
Wendy Smith replied to David Zagorsky's discussion Approval of a Trust
"exactly.  the property is owned by a trust but the borrower is most likely not the trust.  to process the short sale, the bank wants the borrowers documentation, the closing department & title company will handle the…"
Feb 5
David Zagorsky replied to David Zagorsky's discussion Approval of a Trust
"The highest of compliments. If there were a Super Bowl of Short Sales I would want you on my team. Thanks again."
Feb 5
Darlene Root replied to David Zagorsky's discussion Approval of a Trust
"LOL Dave.  I am  not sure if that is a compliment or an insult? "
Feb 5
David Zagorsky replied to David Zagorsky's discussion Approval of a Trust
"Darlene, Wow, I would hate to meet you in a dark court room. Thanks for a great answer!"
Feb 5
Darlene Root replied to David Zagorsky's discussion Approval of a Trust
"We have had push back on deals with Wells Fargo.  They will always insist that the home be taken out of the Trust and put into the borrowers name.  I always inform the negotiator that the borrower is protected under the Garn–St.…"
Feb 5

Profile Information

First Name
David
Last Name
Zagorsky
Are you a......
Agent
State
Ca
City
Del Mar
My Profile
R E Broker 35 Years

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