Debra Berry
  • Female
  • Lewiston, ID
  • United States
  • Idaho
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Trustee Sales

Started this discussion. Last reply by Debra Berry Nov 20, 2014. 3 Replies

In the middle of a short sale and the lender takes property to trustee sale.  What to do? I called Hud to ask if the lender could by pass the short sale while reviewing offers Hud said no they…Continue

 

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Latest Activity

Ray Sande commented on Debra Berry's blog post Appraisals
"What I found is to document all the issues, interior and exterior, with a home and be present when the appraisal is being done.  In no circumstance rely on an exterior or curb appraisal only.  My experience is the appraisers are fair in…"
Oct 2, 2015
Debra Berry posted a blog post

Appraisals

I am currently having problems with appraisal coming in to high.  This makes it difficult to get offers on these properties.  I keep fighting the appraised values but it seems like it is an endless task.  I have found contacting the Financial Consumer Protection Bureau has helped is most cases.  They don't ignore you they respond with in a few days.  I have managed to over turn appraised value with their help.  I don't know if anyone else is having these problems but please share with me any of…See More
Oct 1, 2015
Debra Berry liked James ferebee jr's group OCWEN
Jun 16, 2015
Debra Berry joined Tiffany Alleshouse's group
Jan 19, 2015
Debra Berry commented on Kathi's blog post Short sale - borrower deceased - bank wants to do HAFA
"I have a short sale with a deceased borrower.  The lender is NationStar and say they can do the short sale.  HUD told me the short sale can't happen so I am not sure what will happen.  The lender wanted the POA's financial…"
Jan 9, 2015
Debra Berry replied to Debra Berry's discussion PNC Nightmare in the group PNC Bank
"Ok, Thanks for the advise. "
Jan 9, 2015
Kevin - Greenville, SC replied to Debra Berry's discussion PNC Nightmare in the group PNC Bank
"something that reflects market value and preferably cash since you're so close to a sale date."
Jan 9, 2015
Debra Berry replied to Debra Berry's discussion PNC Nightmare in the group PNC Bank
"Thanks for the reply.  What would make the contract strong enough for them to stop the foreclosure sale?"
Jan 9, 2015
Kevin - Greenville, SC replied to Debra Berry's discussion PNC Nightmare in the group PNC Bank
"there is always the chance. it really boils down to what is in the best interest for PNC and/or the loan investor. make that case with a strong contract."
Jan 9, 2015
Debra Berry added a discussion to the group PNC Bank
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PNC Nightmare

I have clients that have attempted to do a Deed in lieu but was rejected by investor.  The property has a foreclosure sale date of Jan. 27th but the borrowers want to do a short sale.  Is there any want to pull it out of foreclosure?  I have successfully pulled other out but PNC is telling me there is no way to do it.  I believe the short sale is in the best interest of my clients so I don't understand how they can reject it.  If anyone has any information on this please let me know.  Thanks…See More
Jan 9, 2015
Debra Berry joined Bryant Tutas's group
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PNC Bank

Help with PNC short sales.See More
Jan 9, 2015
Debra Berry replied to Debra Berry's discussion Trustee Sales
"Just to let you know,  HUD made Loan Care resend the trustee sale and go back to the short sale.  HUD guidelines state that when working a short sale the lender must work it until either the offer expires or the buyers walk away.  I…"
Nov 20, 2014
Debra Berry replied to Jill D.'s discussion SLS & Real Time Resolutions
"I have had the same problem with other lenders.  I always ended up doing my own BPO and most of the time the lender orders another appraisal.  Sometimes you have to be agreesive with the 2nd lien holder because the fact remains if the…"
Nov 19, 2014
Debra Berry replied to Debra Berry's discussion Trustee Sales
"The house foreclosed after HUD post poned the trustee sale to do the short sale."
Nov 19, 2014
Debra Berry posted a discussion

Trustee Sales

In the middle of a short sale and the lender takes property to trustee sale.  What to do? I called Hud to ask if the lender could by pass the short sale while reviewing offers Hud said no they can't.  I was told the lender had to entertain the offer until it either expired or the buyer walked but that was not the case.  I need to know if anyone has experienced this and what to do.See More
Nov 18, 2014
Debra Berry is now a member of Short Sale Superstars
Sep 27, 2014

Profile Information

First Name
Debra
Last Name
Berry
Are you a...
Agent
State
Idaho
City
Lewiston
My Profile
Short sale specialist for this area.

Debra Berry's Blog

Appraisals

Posted on October 1, 2015 at 1:24pm 1 Comment

I am currently having problems with appraisal coming in to high.  This makes it difficult to get offers on these properties.  I keep fighting the appraised values but it seems like it is an endless task.  I have found contacting the Financial Consumer Protection Bureau has helped is most cases.  They don't ignore you they respond with in a few days.  I have managed to over turn appraised value with their help.  I don't know if anyone else is having these problems but please share with me any…

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