"Get an offer at as close to MV as possible. Initiate the file and proceed with the short sale process. The potential problem you may run into when allowing the servicer dictate the price is future conflicts with real local MV and now what they had…"
Eric Mieles's Groups
Eric Mieles's Discussions
FYI Superstars!!
Started Feb 8 0 Replies 0 Likes
New revised bill here in FL states banks NOT liable for attorney or late fees.What's your thoughts and any potential problems you see that may arise from this??Have a great day!Continue
REO To Rental
Started Feb 5 0 Replies 0 Likes
Does anybody have concern that if the REO to Rental Bulk program goes into effect banks may expedite the foreclosure process and/or deny short sale requests to push it through??Continue
FYI............Superstars!!! Didn't know if you knew!!
Started this discussion. Last reply by Laura Marshall Feb 5. 3 Replies 0 Likes
Fannie Mae mortgage servicers can complete short sales and deeds in lieu of foreclosure without getting separate approval from the now bankrupt mortgage insurer The PMI Group, a change that's…Continue
A Step in the Wrong Direction
Started this discussion. Last reply by Brian Avery Jan 23. 8 Replies 0 Likes
So slightly off short sale topic but important to all of us. I had a confrontation yesterday with a mortgage broker who I have worked with in the past. He says "I have a lead for you" I think to…Continue
Eric Mieles's Page
Latest Activity
Eric Mieles replied to Michelle Calandro's discussion Wells Fargo Deficiency Question"I've had many waived for $500. Try and negotiate. Make an offer and see who can contribute."
Eric Mieles replied to Kevin Rhatigan's discussion Chase deficiency"My question is did you get the deficiency waived in the approval letter when you did the short sale?? Can you check and read the verbiage to be sure."
Eric Mieles replied to Jeanine Whitehead's discussion Tax Consequences in 2012??"Good morning this may help you a little more http://www.irs.gov/individuals/article/0,,id=179414,00.html"
Eric Mieles replied to pcb3000's discussion Indymac SS"Welcome PCB3000 just like the guys said below. Follow up, follow up, take notes and follow up. Good luck!"
Eric Mieles replied to Anne O'Connor's discussion Will lender accept same offer a second time around after the first offer walks?"May I ask are you working with an area manager? Typically Wachovia loans qualify for a fast track program that will allow you direct contact with a area manager and 3 week approval time. Please let us know if you are working with a manager and the…"
Eric Mieles replied to Mike Rosania's discussion Uneven Commission Splits"The answer is yes. I would accept it because I understand in a short sale the lender may reduce commissions.
In regards to value to the client I only stated it to show some of the ways a great buyer’s agent brings value to the deal and HELPS…"
Eric Mieles replied to Mike Rosania's discussion Uneven Commission Splits"The comment "unfortunately it’s easier to bitch an moan about "fairness" was as "Articulate" as can be!!!
lol Just joking (Not really), Anyway once again guys I understand you defending your position and we all…"
Eric Mieles replied to Mike Rosania's discussion Uneven Commission Splits"Good morning guys. Okay so can I ask if you take a SS listing, advertise 2.5% and then get the buyer yourself and close the deal. Will you take the .5% and give it away, refuse it, pass on to buyer as a rebate..etc??
I think we know the answer and…"
Eric Mieles replied to Mike Rosania's discussion Uneven Commission Splits"Thanks Camelia and good morning to you. So great question. I would never, NEVER bypass a listing because the commission is low. If that home fits my buyers criteria then I'm showing and if they want it I'm going to fight to get it.
My…"
Eric Mieles replied to Anna Chroscicki's discussion HAFA eligibility question"Have the delete call in and deny a HAFA request. It will transition to traditional anyway and proceed in house from there."
Eric Mieles replied to Liane Jamason's discussion Anyone had a NationStar Short Sale - Did they Release Deficiency?"My experience had been they ask for a prom note or contribution but can be negotiated and yes I've had a couple NationStar deals all waived deficiency."
Eric Mieles replied to Mike Rosania's discussion Uneven Commission Splits"Okay so I do a lot more listings than buyer transactions however due to my knowledge in the short sale niche and being dedicated to getting better I have been working more and more with buyers.
I personally feel it is my duty to guide them and give…"
Eric Mieles replied to Michael Valdes's discussion BoA Approval Letter says they will Report Short Sale as "Charged Off" and Plans to Pursue Deficiency in the group Bank of America Short Sales"I just received one as well and will be contacting the negotiator however I'm curious if anyone thinks that there is something going on where they keep issuing these approvals with this verbiage."
Eric Mieles replied to Jackalope's discussion What is your professional opinion on this?"Tara regarding contributions from the buyer, seller or agent it depends on who the investor is and not automatically not an option. I've seen Freddie Mac files as the ones giving the most problem however as you have mentioned Bryant and others…"
Eric Mieles replied to Jeff Payne's discussion Anyone listen to the Fannie Mae webinar yesterday?"Jeff are you talking about the session that was done in Tampa on Friday? They had a couple of lenders there and had a Realtor open in the mornings and in the afternoons were speaking directly with homeowners. I missed it however they said it would…"
Profile Information
- First Name
- Eric
- Last Name
- Mieles
- State
- FL
- City
- Orlando
- My Profile
- I live in Sunny Orlando, FL and I spend my days thinking, dreaming, working and speaking about how I can continue to get better at helping people in my chosen profession. I love personal Development, write a blog about my REALIZATIONS and try to spread the word about foreclosure relief and the many ways Homeowners can get help. Passion fuels me and my dreams drive me!
Eric Mieles's Blog
The Joys of Short Sales
Posted on May 11, 2011 at 8:10pm 0 Comments 0 Likes
Ahhhhhhhhh!! The joys of working and processing short sales! Some of you Super Stars may understand the motive for today's post. Others may just be on the other end of my message. I love short sales. No, I mean I truly enjoy the art and skill necessary to do this amazing…
Continue The Best!!
Posted on May 10, 2011 at 11:05am 0 Comments 0 Likes
I just want to say hello to my fellow Short Sale Super Stars. I have been reading, absorbing and taking in all the amazing content this site provides. I love this new media movement we have at our disposal allowing us to build…
Comment Wall (1 comment)
- At 6:44pm on May 31, 2011,
Nedy Blanchard said… - Hi Eric, look forward to networking as well.
Members
CONTACT US
SITE FOUNDERS
MODERATOR
This site is owned and operated by REGrow, LLC
Wendy Rulnick and
Brokers of Record
A Licensed Florida Real Estate Brokerage
628 Grand Canal Dr
Poinciana FL 34759
407-873-2747
Badge
© 2012 Created by Bryant Tutas.
like buttons