I am the selling agent on a B of A short sale where the property itself is truly distressed. There are three sump pumps in the basement. Seller moved out and turned off the electricity, resulting…Continue
"I have had a couple of these. The sellers brought cash to the table and didn't bother getting involved with all the problems and negative fallout from a short sale. One seller got an equity line on his new home. I don't…"
"Dean Eshelman--There are Legal Aid attorneys in most jurisdictions. Some attorneys do a bit of pro bono work also. You client can probably talk to a really good lawyer for free for 15 minutes or so and gain some excellent…"
"Dean, you said homeowner was told to move in 10 days or eviction would proceed. I don't know your jurisdiction, but eviction is a process that normally takes awhile. If that is the case, homeowner has 10 days PLUS the eviction…"
"I am in DC. The lien on the property IS separate. Typically, when a short sale is concluded, the lien (the mortgage instrument) is released via the title company. I was not referring to any judgements.
"Pat Glenn--Someone else posted about a lost note. I had two cases with lost notes some years back. My settlement attorney contacted a woman who "bonded over" the lost note, and we proceeded to settlement. there was a fee…"
"Ellen, their Twitter team won't know anything about it. Those loans from BOA are owned by several different investors. BOA won't sell individual note to an individual. They will be purchased by BIG BOYS in bulk loans. Recently, BOA has…"
"Let us know if you can actually do it. BofA is huge. They sell notes (processing) in bulk. I can't see them selling 1 note. Actually, you need to go to the investor - BofA services the note, doesn't own it. I suspect that they would…"
Ellen Levy is a seasoned real estate professional. She has been in the business long enough to see the housing market go through several cycles and has learned to handle the ups and downs. Her business is highly diversified both geographically and in terms of price. Her sales in 2009 ranged from a low of $65,000 to over $2,000,000. She holds the CDPE designation and has successfully closed a number of short sales. She has sold condos, townhomes, detached homes, land, and small commercial properties.
Ellen works with a team of two other licensed agents plus a full time assistant. All three agents are licensed in DC, MD and VA. All three hold the CRS designation.
Ellen and her partner, Grace Caputo, also hold the ABR and CDPE designations. Her husband/partner Barry Levy is a former loan officer with fifteen years background in residential finance. He handles financing for the Team's clients.
Ellen has had extensive experience with the costs of residential renovations for homes and income properties, and can advise buyers and sellers on the probable costs of improvements and the value added by those improvements.
Comment Wall (1 comment)
You need to be a member of Short Sale Superstars to add comments!
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not necessarily endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.