Diane Donnelly
  • Female
  • Annapolis, MD
  • United States
  • MD
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Diane Donnelly's Discussions

Judgement

Started this discussion. Last reply by Simon Campbell May 9, 2013. 3 Replies

I have a property that has been approved by Ocwen but have two additional liens that have to be paid off prior to closing and the seller doesn't have the money.  Here are the details:1st lien - HOA…Continue

Tags: judgements, solutions, Lien, Personal, HOA

IDOT

Started this discussion. Last reply by Joseph Alfe Feb 3, 2012. 3 Replies

Hi everyone!Wondering if someone can help.  I have a file that was approved and juuuuust about ready to close when the title company decided it might be a good time to pull title work (which they say…Continue

Tags: loan, collateral, Cross, IDOT

 

Diane Donnelly's Page

Latest Activity

Diane Donnelly posted a status
"Having a hard time with a Wells Fargo short sale. The seller needs to discuss a deed in lieu. No one is calling her and she needs a contact"
Dec 23, 2013
Simon Campbell replied to Diane Donnelly's discussion Judgement
"I agree with the other posts here. It looks like the buyer is going to have to pay off these liens before closing. So, if the buyer does not have additional cash, they could reduce their down payment and use it to pay off these other liens. I am not…"
May 9, 2013
Wayne Brooks replied to Diane Donnelly's discussion Judgement
"You're going to have to have a buyer that can pay these, directly, which means a buyer heavy on cash."
May 7, 2013
Toni Nicholas replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"I put my separate entity's name and "short sale processing fee" on the tentative HUD, and I make sure the Closing attorney abides by the HUD I have negotiated and submitted. If you don't check, and yes, this has almost happened…"
Jan 5, 2013
Toni Nicholas replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"..probably because it's a separate company. I have another "entity," but when they realize it's still me, they usually say no. So, you can either create an entity and hire someone to work your short sales totally separate from…"
Jan 5, 2013
Toni Nicholas replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"I've been doing this as well. The banks used to pay for short sale negotiation fees, but when they began saying the big fat "NO," while demanding that I upload this or that, and "oh, and get me that too," while they…"
Jan 5, 2013
Justin Berry replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"Colorado."
Aug 9, 2012
Stephanie Grantham replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"Justin, What state are you in? I am looking to do exactly what you are doing. My broker is determining if this is something we can do in Texas."
Aug 5, 2012
Justin Berry replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"We charge the buyer.  Write it in to your agreement with the seller that they authorize you to seek additional compensation from the buyer.  Then tell all brokers and buyer that you change an additional $x to process it…"
May 9, 2012
Diane Donnelly replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"Hi Jeff, No, I haven't tried, as I am just starting to facilitate (not negotiate, as that is illegal in MD) my first ones now.  I am going to look into the fees b/c they really are fees to pay for services above and beyond what is outlined…"
May 9, 2012
Jeff Payne replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"Diane have you tried placing these fees on the HUD to see if they will pay you?  Is it legal in your state for an agent to charge these fees?  BTW, I was in your area a few months ago at a class that my friend Seth Campbell…"
May 9, 2012
Diane Donnelly replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"I had one file that they got paid 9%! It is more likely that they charge 1-2% and they've not been denied. I believe you must work with an ethical 3rd party so they don't reduce your commission in order to be paid from the bank."
May 8, 2012
Jeff Payne replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"Diane, you may already have your answer.  What line item and charge does your current 3rd party negotiator charge and what do they call it?   How much is your 3rd party getting paid on these deals?  "
May 8, 2012
Diane Donnelly replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"They have paid on everyone of my short sales. "
May 8, 2012
joe beauchamp replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"Legality has nothing to do with it. Banks do not pay 3rd parties for working on short sales."
May 8, 2012
Diane Donnelly replied to Diane Donnelly's discussion Charging to facilitate a short sale in the group Short Sale Commander
"Thanks for the reply Joe.  That's what I figured.  But I was wondering if you created an LLC to handle the facilitation and had an employee who worked for you, if it would be a legal way of paying for your additional time dealing with…"
May 8, 2012

Profile Information

First Name
Diane
Last Name
Donnelly
Are you a...
Agent
State
MD
City
Annapolis
My Profile
Experienced short sale realtor in Anne Arundel County. We specialize in short sales in Annapolis, Severna Park, Hanover, Severn, Pasadena, Glen Burnie, Crofton, Millersville, and the surrounding areas. We are a small and experienced team with over 40 years of real estate experience.

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