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Elizabeth Weintraub Female Sacramento, CA United States: Share; Share on Twitter; Share on Facebook

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IBM Lender Business Proc…

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PNC Bank

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Chase

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Elizabeth Weintraub's Discussions

Sharing short sale approval letters with buyer's agent....pros and cons? Does buyer's agent need to see letters?

I send the approval letter because the buyer's lender requires it. But I adjust the fees before the approval letter arrives and get the buyer's signature in writing that the buyer will pay the fees n…

Replied May 29

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Elizabeth Weintraub's Page

Missy Caulk posted a link on Active Rain, and I realized this site is not just for agents in Florida! Sep. 25, 2009

Latest Activity

Elizabeth Weintraub commented on Bill Black's group 'IBM Lender Business Process Service (LBPS)'

I just picked up a LBPS today. They bought a loan from Bank of America. They told my seller the short sale process time will be 30 to 60 days.

June 22

Elizabeth Weintraub joined Bill Black's group

IBM Lender Business Process Service (LBPS)

IBM put 1.3 Billion into this arm of the business... let's see how productive that was?

June 22

Ben Benita replied to Elizabeth Weintraub's discussion 'Chase Waives Deficiencies' in the group Chase

With deficiency, we normally do not push hard on that removal until we get closer to closing..... On our fax cover pages, we used to put in: Seller will NOT bring cash to close Seller will NOT agree to deficiency etc. but, most negotiators were push…

June 15

Elizabeth Weintraub replied to Elizabeth Weintraub's discussion 'Chase Waives Deficiencies' in the group Chase

When Chase sent the initial approval letters, both said that Chase was not releasing the sellers from liability. I told Chase that the sellers were withdrawing the listing, canceling the purchase contract and this was headed for foreclosure unless C…

June 15

Sharon Alters replied to Elizabeth Weintraub's discussion 'Chase Waives Deficiencies' in the group Chase

Elizabeth, that is great! If you don't ask, you don't get!

June 15

Kent Dills replied to Elizabeth Weintraub's discussion 'Chase Waives Deficiencies' in the group Chase

Good job Elizabeth! I'm also interested in knowing did you ask for the waiving before or after the Approval Letters were approved?

June 15

Rosemary Brooks replied to Elizabeth Weintraub's discussion 'Chase Waives Deficiencies' in the group Chase

Elizabeth, did you ask for it right up front or after you received their approval letter? Either way, its a thumbs up for your skills and the homeowner and yes.... Chase too!

June 15

Ben Benita replied to Elizabeth Weintraub's discussion 'Chase Waives Deficiencies' in the group Chase

Really, you had the nerve to tell them "no" and it worked.....nice job....keep kicking butt!!!! ;-) Can not emphasize this enough: "it is about short sale NEGOTIATIONS".....not just accepting what is told to you or offered to you.

June 15

Katerina Gasset replied to Elizabeth Weintraub's discussion 'Chase Waives Deficiencies' in the group Chase

You go Girl! It is all about the question, the negotiating skills and the willingness to ask.

June 15

Elizabeth Weintraub added a discussion to the group Chase

Chase Waives Deficiencies

I realize this may be unheard of, but I just received 2 short sale approval letters from Chase that waive the deficiency on 2 hard money loans in California. Why? Because I asked for it. Try it.

June 14

Elizabeth Weintraub replied to Jody Hoffman's discussion 'Chase setting "precedence" in the industry for short sales.' in the group Chase

Since Chase sent the second to its charge-off department, a reasonable person would conclude that Chase would release the loan without any kind of payment. I mean, that's what Chase told me it would do on an internal second when I asked last week.

June 11

Elizabeth Weintraub replied to Pacita C Dimacali's discussion 'Sharing short sale approval letters with buyer's agent....pros and cons? Does buyer's agent need to see letters?'

May 28

Elizabeth Weintraub replied to Lonnie Hunter's discussion 'renting a short sale from sellers' in the group Chase

I have had Sacramento sellers let short sale buyers move in and rent. However, they didn't charge any rent or they charged $1 because sellers can't profit from a short sale and because that financial statement may need to be redrawn to reflect addit…

May 10

Steele V. Propp replied to Elizabeth Weintraub's discussion 'Designated Agent for Chase Bank?' in the group Chase

Just a note for those who have not seen the HAFA updates from Friday, March 26th. Secondary lien payoffs were double from $3,000 to $6,000 as were seller's relocation benefits ($1,500 to $3,000). You may want to get the latest updates direct from th…

April 6

Susan Kahler replied to Elizabeth Weintraub's discussion 'Designated Agent for Chase Bank?' in the group Chase

The latest Supplemental Directive re: HAMP, 43 pages but the last 8 - 10 are forms https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf There is mention of the homeowner setting up and making temporary modification payments. I think at th…

April 6

Katerina Gasset replied to Elizabeth Weintraub's discussion 'Designated Agent for Chase Bank?' in the group Chase

I really don't like the idea of designated agents. Sounds like some body trying to charge money to agents again and again. We work for our sellers not the banks. I like it that way.

April 3

Profile Information

First Name

Elizabeth

Last Name

Weintraub, Lyon RE #00697006

State

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.

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I agree

Comment Wall (2 comments)

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At 8:52pm on February 17, 2010, Elizabeth Weintraub 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!