Edward Goldfarb
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Pembroke Pines
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Successfully practicing real estate for 23 years credited with +/- 400 Short Sale Approvals-1660 Career Sales
Short sale panelist on National, Regional and local levels. Author of "The Foreclosure Wars White Paper, 31 Point Streamline Short Sale Plan and many other short sale related articles. Designations and awards: CDPE, CSSA, NASSPro, Equator Certified, 5-Star Premier Zillow Agent. Formerly REMAX Lifetime Achievement and Hall of Fame.

Edward Goldfarb's Blog

HUD lien junior to the first mortgage.

Posted on July 18, 2017 at 1:47pm 4 Comments

We had a surprise just before closing on what we thought was a traditional sale.  We found out the seller had a loan modification in 2015 that include and $80,000 junior lien from HUD. This made the payoff about $20,000 short to close and HUD would have to agree to take $60,000 to $65,000 and release the lien and note. According to the seller's attorney, HUD doesn't negotiate.  I don't believe that because after 500+ closed short sales I've never experienced a lender that would not work with…


Fannie overpricing +/-125% of market value.

Posted on October 13, 2013 at 9:13am 1 Comment

I began noticing about nine months ago; confirmed with several other short  sale Realtors and a law firm that does a lot of foreclosure defense and  short sale negotiations.  Have you also noticed Fannie has been countering  offers at +/-125% of fair market value?  I recently had one Fannie short  sale were they countered at $215K and three weeks later changed their mind,  reneged and recountered at $230K.  The buyer met both counter offers and  the FHA appraisal was ordered which came in…

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