Providing you with the knowledge and tools needed to succeed with Short Sales.
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Eric M. Boyd
- Male
- Jacksonville, FL
- United States
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Eric M. Boyd's Groups
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Wells Fargo Short Sales
422 members
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Help Me!
307 members
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Indymac
180 members
Eric M. Boyd's Discussions
Short Sales and Foreign Owners. What's the benefit?
Replied Oct. 26, 2009
Not a normal market
Replied Oct. 6, 2009
Not a normal market
Replied Oct. 6, 2009
Eric M. Boyd's Page
Latest Activity
Jimmy,
I've never heard of that, but I'm not necessarily up-to-speed on that rules. I would suggest, however, that you get a hold of the attorney handling that case and send them your fully executed purchase and sale agreement and letter of authori…
So, I sit on hold for the usual 1 hour hold time today, with Wells
Fargo. The rep was courteous when they took my call, looked over their
info on their system and gave me the name of the negotiator, then their
email address, which was a Wachovia ad…
Wells Fargo and ASC (America's Servicing Company) tips, tricks, references and experiences!
I've seen effectively the same language in bank documentation, in the past. I'm certain the banks are becoming well aware of the shenanigans that some sellers are playing with the current mortgage "crisis" in our environment. I have been approached…
If I'm reading this correct, that would be a dream come true! Is the presumed loan balance substantial? If they find it to be non-existent, would the first mortgage still need to be a short sale?
Maybe I'm missing part of the situation here, so please pardon me. What "contract" are you waiting for? Did you already submit an offer to the seller? If so, did they accept and sign your offer? If so, then you have a contract. With your offer, you…
Hi Jerry,
Did they actually make a counter-offer, or did they issue a short sale approval at a certain price, which ended up being higher than your offer? Technically, only the seller would be authorized to make a counter-offer to you, since the pu…
The homeowner, in this situation, should contact his/her mortgage company to see about a loan modification. Sending the lender a partial payment will only prolong the issue, in my opinion. Now, if they want to sell, then they just need to set themse…
"IS IT POSSIBLE FOR THE BANK TO CHANGE THOUGH THIS PROCESS?"
It can happen, but I don't think it's common. Someone will usually get notified in advance. If the property goes into pre-foreclosure, the current lender may send it to a trustee to handl…
A lawyer is the only one who can legally write up a contract. But, most Realtor boards have "stock" contracts prepared by their attorney for board members to fill in the blanks. Now, a seller and buyer can draft their own contract, too, and there is…
Vicki,
Welcome to ShortSaleSuperstars! Hopefully you'll get your questions answered. I'll offer up some info for you.
Here's the basic process I go through with my short sale listings:
1. List the property at a price comparable to recent sales in…
Stephanie,
The lender(s) may still approve a short sale, regardless of their financial situation. But, they should be prepared to sign a promissory note at closing.
Hi Ben,
Last year, I sold a townhouse through short sale with a seller who relocated by choice. They were never late on payments or anything. Their mortgage was with Citibank. They still had to provide all their financial paperwork for the process,…
It really depends on your state's Landlord/Tenant Law, and what's written in the lease agreement. Here in FL, a tenant can't keep showings from occurring, but the tenant does still have the right to quiet use and enjoyment of the property. Usually,…
Just wanted to keep this updated. The seller decided to cancel the contract and stake claim in the binder deposit. As expected, the buyer's agent says the buyer will fight this and try to get back their deposit. We're clearly beyond the timeline est…
Yes, absolutely stay the course, Mori. You have an approval coming, so get it, close the deal, and work on the next one. Congrats on getting the approval!
Profile Information
- First Name
- Eric
- Last Name
- Boyd
- State
- FL
- City
- Jacksonville, St Johns, Orange Park, Middleburg
- My Profile
- Broker/Owner of Step One Realty in Jacksonville, FL. I have plenty of short sale experience with successful closings of short sale transactions. I am also actively engaged in Jacksonville Property Management.
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Discussion Forum
Authorizations Rejected - Previously Accepted??? 5 Replies
Started by Pamela Harmon. Last reply by Kyle Souza 15 hours ago.
Equator say Reviewing but Rep says it's foreclosing?? Advice please.
Started by Cindy LaPeer 1 day ago.
LLC buyer and BofA keeps rejecting contract 4 Replies
Started by Vito Lotta. Last reply by Wendy Rulnick 18 hours ago.
...Every file going through HAFA really feels like a delay tactic!
Started by Ann Trieb Aug 30.
Cannot Reach Negotiator to Cancel Old and Start New Short Sale File 6 Replies
Started by Pamela Harmon. Last reply by joe beauchamp Aug 31.
Short sale 2 Replies
Started by shah Moe. Last reply by Jeff Payne Aug 30.
PLease HELP! I have BOA FHA SHORT SALE, I need upper management Contact # ASAP! 5 Replies
Started by Aaron A Wagner. Last reply by Aaron A Wagner Aug 31.
OFFER APPROVED -SUBJECT TO SR. BANK APPROVAL - WHAT DOES THIS MEAN?? 6 Replies
Started by MJ Aldrich. Last reply by joe beauchamp Aug 31.
BOA FHA Short Sale
Started by Laurie Strickland Aug 27.
A bit off topic.... 1 Reply
Started by Porthos. Last reply by Kathleen Lordbock Aug 27.
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