ElizabethWeintraub00697006LyonRE
  • Female
  • Sacramento, CA
  • United States
  • CA
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ElizabethWeintraub00697006LyonRE's Discussions

LCS and Buying Its Debt

Started this discussion. Last reply by Thom Colby CA Brkr 888-391-5245 Mar 11, 2012. 36 Replies

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 replied to Tony Morales's discussion B of A reducing Escrow/Settlement Fee..Again in the group Bank of America Short Sales
"Well, B of A is not saying the fee needs to be reduced. It is just saying it won't allow a payment from the seller to exceed XYZ. I make the buyer pay the difference."
Sep 8, 2016
ElizabethWeintraub00697006LyonRE commented on Suzanne McLaughlin's group NationStar Mortgage
"@Julie -- I have never had to hold an open house, although they have requested it. They cannot make you hold open houses. Sounds like you got some snippy control freak who had no business making those sorts of demands. The key to their process, far…"
May 24, 2016
ElizabethWeintraub00697006LyonRE commented on Suzanne McLaughlin's group NationStar Mortgage
"@amy -- I would not worry too much about homesearch. First, if you're close to what the investor wants, then it will be very rare for a bidder to come close to your buyer's offer because bidders tend to underbid. Second, the bidder will…"
May 23, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"Then you might ask the first lender to reassess for a HAFA and send a new closing statement reflecting $12,000 to the second lender."
May 11, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"Yes, like Brian says, you can look up the investor at the links he has provided. You will need the last 4 digits of the main borrower's SS #. Be sure to check twice if it returns negative answer. You can make a typo or put a comma in the wrong…"
May 10, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"I question whether the second was purchase money @Helena. You say it's an equity bridge line, which is typically taken out to buy a different property, and equity implies it is against the equity in the property which would be hard money. Is…"
May 10, 2016
ElizabethWeintraub00697006LyonRE replied to Lisa Jackson's discussion Two Separate Files BOA never receives any documents in the group Bank of America Short Sales
"I thought maybe this post was dated May 2, 2006, not 2016. Did a double take to see that we are back to that again. Equator fixed most of that stuff, but B of A doesn't use Equator anymore. Try tweeting BoA_help."
May 2, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Bank of America Short Sales
"Escalate, Julie. And Tweet BOA. These negotiators sometimes tell you what they think you want to hear, and they don't really have a clue. They are quickly flipping through the pages on their computer, and they don't know up from down. They…"
Apr 29, 2016
ElizabethWeintraub00697006LyonRE commented on Stephanie Lim's group USAA
"Hmmm . . . I am surprised you took the first counter. I've had transactions with USAA in which I've gone through 4 or 5 counters with them. It seems to be the norm. Every time you counter, they come back with something else. It's like…"
Apr 21, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Bank of America Short Sales
"Hello Desmond: Yes, BofA along with a host of other banks do not use Equator anymore. I'm gonna throw this out there, just for giggles, but is it possible that the buyer's offer is too low? Have you considered finding another buyer? I…"
Apr 20, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"I sure hope that's not true. The last handful of Ocwen short sales I've done were handed in India."
Apr 2, 2016
ElizabethWeintraub00697006LyonRE replied to Dawn Maloney's discussion IMPOSSIBLE APPRAISAL VALUE from Wells Fargo in the group Wells Fargo Short Sales
"I suspect you've already ruled out the fact that the investor is not Fannie Mae nor Freddie Mac, right? As I've seen those types of values from the GSEs because they are not always based on market. It can be based on the amount they will…"
Mar 28, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"Bank of America is not required to include a second in a loan modification. Although there is a little known law about the non-collectibility of a second that originated at the same bank as the first. Since short sale seems a bad option for your…"
Feb 29, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"Whenever I ask lawyers why they didn't get a release (recon) from the 2nd after the BK, they say the clients don't want to pay them extra to get it. But it prevents them from selling the house without some sort of settlement to the 2nd. If…"
Feb 29, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Chase
"Did Chase approve your HUD? If so, you might have grounds to force them to release the parties from their internal nightmare. If this had happened to me, I would arrange a discussion between my broker's legal team and Chase's legal…"
Feb 18, 2016
ElizabethWeintraub00697006LyonRE replied to Steve Doan's discussion PNC Escalation in the group PNC Bank
"The problem is you can't fathom how PNC would rather take $0 and be foreclosed upon. Your thinking is too linear. Too rational. Imagine a process in which the servicer gets paid to foreclose, and you are moving closer to the truth.  On the…"
Jan 26, 2016

Profile Information

First Name
Elizabeth
Last Name
Weintraub, Lyon RE #00697006
Are you a...
Agent
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 (4 comments)

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At 1:47pm on December 27, 2012, Larry Davis said…

Are you back from Vacation trip.? Please PM me.

At 10:41am on December 14, 2012, Larry Davis said…

Elizabeth--You are a magnificant part of this Board. Have you been successful with Chase completed short sales in 2012?

At 5:52pm on February 17, 2010, ElizabethWeintraub00697006LyonRE said…
Blame Broker Bryant and Wendy Rulnick because they dragged me over here. :)
At 5:18pm 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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