Greg Kristy
  • Male
  • Massachusetts
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Brett Goldsmith replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
"Deal won't get done if they don't sign. What are they scared of? Are they related to seller or do they have a business relationship?"
Dec 4, 2018
Greg Kristy replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
"Sounds like trouble already.  There are lots of options.  Watch out for 'legal-ish' deals, pros know how to leverage that sort of thing ruthlessly."
Dec 4, 2018
Tony Morales replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
"why would a buyer not want to sign the arms length?   Are they related to seller?"
Dec 4, 2018
Joanne Finochio replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
" I have a short sale with SPS where the buyer who is an attorney will not sign the arms length would this "short pay" be an option?"
Dec 4, 2018
Greg Kristy replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
"Thanks for the responses. @Tony Morales Yes, Indeed those are the key components of a Short Sale, and yes @Brett Goldsmith you nailed it.  In fact in this situation the 1st position lien and a 2nd will be settled for less than the…"
Nov 21, 2018
Brett Goldsmith replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
"Typically a short sale and a short pay are exactly the same thing. Not sure if you are referring to a 1st mortgage settlement ( short pay ) where the borrower can bring a lump sum and settle while keeping the home. If another buying is coming in,…"
Nov 21, 2018
Tony Morales replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc
"don't understand your post  Is the lender going to receive net proceeds that are less than full payoff?  Then its a short sale and no funds, other than approved relocation, can go to the seller"
Nov 20, 2018
Greg Kristy liked Mayra Espinosa CDPE, HAFA, SFR's profile
Nov 20, 2018
Greg Kristy liked Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
Nov 20, 2018
Greg Kristy commented on Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
"Kay VanKampen I have also had the opposite experience from you, but hear of similar accounts.  Now that SPS has become the largest loan servicer in the country, I can assure you there is a method to their practice.  Your situation…"
Nov 20, 2018
Greg Kristy added a discussion to the group SPS Select Portfolio Servicing, inc
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Short Sale -> Short Pay

Has anyone been offered this option via SPS?  This little known, sister to the Short Sale, is claimed to be like a short sale except without the arms-length restrictions.  However no closing costs, attorney fees, or relocation assistance can be bundled in to the package.The seller, at least according to the contract I receieved, can 'only' profit from the transaction with prior approval by SPS.  HUD-1 must still match HUD.I'd appreciate any experiences or insight on this program.See More
Nov 20, 2018
Greg Kristy replied to Kay VanKampen's discussion Select Portfolio is Stalling in the group SPS Select Portfolio Servicing, inc
"My guess is that the seller removed your negotiators privilege and their policy is to 'avoid confrontation". You wrote: "We responded in 2 days, but this did not seem to matter." Did you respond verbally or fax?  Having a…"
Nov 20, 2018
Greg Kristy joined Mayra Espinosa CDPE, HAFA, SFR's group
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SPS Select Portfolio Servicing, inc

For Short Sale - OverviewHomeowners interested in pursuing a short sale, can call 888-818-6032 to speak with a Loan Servicing RepresentativesTo speak to a Loan Servicing Representative to Help you with answers to your questions regarding the status or history of your account call please call 888-818-6032Representatives are available Monday through Thursday from 8:00 AM to 11:00 PM, Eastern Time.Friday from 8:00…See More
May 3, 2018
Greg Kristy liked Wendy Rulnick's group HSBC
May 2, 2018
Greg Kristy joined Wendy Rulnick's group
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HSBC

The Hongkong and Shanghai Banking Corporation LimitedSee More
Apr 2, 2018
Greg Kristy is now a member of Short Sale Superstars
Apr 2, 2018

Profile Information

First Name
Gregory
Last Name
Kristy
Are you a...
3rd Party Negotiator
State
Massachusetts
City
Somerville

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