"I don't believe the loan mod requirement is a Guild requirement, Ute, I think it's a HUD requirement because I run into this on all my FHAs regardless of the lender. Good luck with the SMUD lien, those can be deal killers if the seller…"
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ElizabethWeintraub00697006LyonRE
- Female
- Sacramento, CA
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- CA
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ElizabethWeintraub00697006LyonRE's Discussions
LCS and Buying Its Debt
Started this discussion. Last reply by Thom Colby 888-391-5245 CA Brkr Mar 11. 36 Replies 0 Likes
I have a client who wants me to take over a short sale that failed. She was offered $25,000 from Chase Bank. LCS is the second. LCS blocked her contribution from Chase, stating it wanted the money.…Continue
Tags: collection, agency, from, loan, buying
ElizabethWeintraub00697006LyonRE's Page
Latest Activity
ElizabethWeintraub00697006LyonRE commented on Susan Pierce's group Guild Mortgage"Some of the short sales I did with Guild last year contained guidelines that said the home must be owner occupied, so you might recommend that the seller stay put. As for the high sales price, I think that has more to do with HUD than Guild. Plus,…"
ElizabethWeintraub00697006LyonRE replied to Evelyn Santiago's discussion Why Did Titanium Solutions Stop Doing Short Sale Processing?? Any one Have Inside Scoop?"People don't give away money unless somebody has a foot in their back."
ElizabethWeintraub00697006LyonRE joined Bryant Tutas's group
SunTrust Mortgage
This group is for information, tips and solutions for Suntrust Mortgage short sales.See More
ElizabethWeintraub00697006LyonRE replied to C. Lew's discussion Short Sale Notification"I have closed several in which we had a first that was paid in full and we did not send paperwork to the first. Like Jeff says, there is no need to since they are paid in full. We do get a beneficiary demand from the first. Of course, if you're…"
ElizabethWeintraub00697006LyonRE replied to AJ Woodard's discussion Keep saying will send approval letter in 2 hr's ...since Tuesday in the group Bank of America Short Sales"That's a very popular song. Approval in 2 hours. You can dance to it, too. I can't tell you how many times in a week I hear that song. Everybody is singing it."
ElizabethWeintraub00697006LyonRE replied to Christy Brock's discussion Coop Short Sale Queston in the group Bank of America Short Sales"It's not really policy that governs that, it's investor guidelines. As a general rule, it's pretty tough to get HOA covered, but I've run into it from time to time. Bottom line is the bank will have to deal with the HOA if it…"
ElizabethWeintraub00697006LyonRE replied to Roberta Baldwin's discussion Underwater With Second Lien Only in the group PNC Bank"Yes, submit only to PNC. Wells Fargo will issue a beneficiary demand for a payoff and will not participate in the short sale."
ElizabethWeintraub00697006LyonRE commented on Jim Stewart's group EverHome Short Sales"I closed a short sale with Everhome not too long ago in Sacramento. Took about 4 weeks for a decision, which was not a decision I wanted. So, I wrote them a letter, they responded quickly and favorably, and issued approval."
ElizabethWeintraub00697006LyonRE replied to Julissa Jumper's discussion Should My Seller Accept BofA's Cooperative Short Sale Offer?"I do a lot of Cooperative Short Sales with Bank of America in California, and I am generally the entity that initiates them. I have a inkling of the criteria B of A uses to qualify them, so when I spot a potential Co Op, I send the seller directly…"
ElizabethWeintraub00697006LyonRE replied to Erik Larson's discussion Bank of America / Freddie Mac deficieny help!"SB 458 prevents a bank from demanding a seller contribution in California. This must be some mistake on Bank of America's part. What eventually happened?"
ElizabethWeintraub00697006LyonRE replied to Wendy Rulnick's discussion NEW Bank of America Authorization"I don't see a higher offer as a material fact disclosure, either. The first thing I did was populate the form and the buyer's disclosure document as well. I use Acrobat and did not have any problem. But today is a day that I am very very…"
Thom Colby 888-391-5245 CA Brkr replied to ElizabethWeintraub00697006LyonRE's discussion LCS and Buying Its Debt"In CA, Prom notes are not on the HUD either - If it supposed to be on there - what LINE # ?"
Wendy Smith replied to ElizabethWeintraub00697006LyonRE's discussion LCS and Buying Its Debt"I'm in Florida and prom notes on not on the HUD...."
Profile Information
- First Name
- Elizabeth
- Last Name
- Weintraub, Lyon RE #00697006
- State
- CA
- City
- Sacramento, East Sacramento, Land Park, Midtown, Elk Grove, Natomas
- My Profile
- Author of The Short Sale Savior, published in June 2009. Broker-Associate at Lyon Real Estate in Sacramento. Home Buying Columnist at About.com. 30+ years of experience in real estate. Sacramento Short Sale Agent. DRE #00697006.
I also was not born in 1900, somedays it just feels like it.
Comment Wall (2 comments)
- At 8:52pm on February 17, 2010, ElizabethWeintraub00697006LyonRE said…
- Blame Broker Bryant and Wendy Rulnick because they dragged me over here. :)
- At 8:18pm on February 17, 2010,
Rosemary Brooks said…
- Hi Elizabeth, glad to see you here. I had left a comment for you a while ago telling you about this site. Its great!
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