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 Erinn Frisbie's discussion Pay off 1st in full and short 2nd and 3rd? in the group Bank of America Short Sales
"The first is not involved. Just order a beneficiary demand from the first. I'd offer the third either $3,000 or $6,000 and give the rest to the second."
Jan 23
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Bank of America Short Sales
Nov 8, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Chase
"Not at the moment. But you can call me tomorrow. "
Nov 4, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Chase
"@Dean I am doing a Chase FHA short sale at the moment, in which we stated the daughter is a tenant there, and they are authorizing a $3,000 relo."
Nov 4, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Chase
"I wonder if the negotiator is confused and trying to pay a relocation incentive, which is generally only available to owner occupants? Is she or he trying to process this as an owner occupied HAFA? I've closed a number of non-owner occupied…"
Nov 4, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you."
Oct 28, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you."
Oct 28, 2016
ElizabethWeintraub00697006LyonRE commented on Wendy Rulnick's group Wells Fargo Short Sales
"It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you."
Oct 28, 2016
ElizabethWeintraub00697006LyonRE replied to michael bellamy's discussion Wells Fargo Short Sale: Seller Not Delinquent in the group Wells Fargo Short Sales
"Yes. Surprisingly. It worked for a handful of non-delinquent sellers I represented. In fact, just fyi, a HAFA does not require delinquency, and if there is no delinquency, there is nothing negative that is allowed to be placed on a credit report…"
Oct 21, 2016
ElizabethWeintraub00697006LyonRE replied to Robin Lemmons's discussion FHA Investor Wells Fargo since June of 2015 in the group Wells Fargo Short Sales
"The problem with shooting yourself in the head, which I must admit has been an option I have briefly considered from time to time during an FHA short sale, is that then you are no longer able to communicate with anybody about anything, and it…"
Oct 21, 2016
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

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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