Jack Barry
  • Male
  • Philadelphia, PA
  • United States
  • PA
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Carrington

Started this discussion. Last reply by Jack Barry Dec 16, 2015. 2 Replies

Carrington refuses to pay a city required certification fee and the conveyancing fee....any direction would be appreciated?

 

Jack Barry's Page

Latest Activity

Jack Barry commented on Wendy Rulnick's group Wells Fargo Short Sales
"hey folks, havn't done a wells short sale in a while, estimated timeline? no other liens, just a 1st with Wells"
Apr 7, 2016
Thom Colby CA Brkr 888-391-5245 replied to Jack Barry's discussion Servicer refuses to pay municipal transfer fee in the group Bank of America Short Sales
"I guess I misread your post - For $103. if the buyer won't pay it, I'd pay it.  It's not worth the time and effort"
Dec 16, 2015
Julie Lyons replied to Jack Barry's discussion Servicer refuses to pay municipal transfer fee in the group Bank of America Short Sales
"I agree with Kevin, get the buyer to pay it, it is such a small amount.  Heck, I have in the past made a contribution to such costs myself or split with the other agent.  After working so hard and long on a short sale I would not let $103…"
Dec 16, 2015
Kevin - Greenville, SC replied to Jack Barry's discussion Servicer refuses to pay municipal transfer fee in the group Bank of America Short Sales
"Small amount. Get the buyer to pay it."
Dec 16, 2015
Celeste ODea replied to Jack Barry's discussion Servicer refuses to pay municipal transfer fee in the group Bank of America Short Sales
"Are there other state or county transfer fees? If so, you may just have to lump it into the other fees. In our area we have State & Country Transfer and Recordation charges and they're more agreeable to pay it when all the fees are lumped…"
Dec 16, 2015
Thom Colby CA Brkr 888-391-5245 replied to Jack Barry's discussion Servicer refuses to pay municipal transfer fee in the group Bank of America Short Sales
"Put it on the HUD as "Government Required Certification".  If they will not pay it, tell them to put it in writing (they'll pay it) I'm in CA and we have similar City / County required items - this always seems to work for…"
Dec 16, 2015
Jack Barry added a discussion to the group Bank of America Short Sales
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Servicer refuses to pay municipal transfer fee

The city certification ($103.00) is required for every transaction in Philadelphia and the bank refuses to pay it. They say they are aware that its required but they will not pay it.   Any direction?See More
Dec 16, 2015
Jack Barry replied to Jack Barry's discussion Carrington
"the city cert is $103 the broker fee is $375....."
Dec 16, 2015
Brett Goldsmith replied to Jack Barry's discussion Carrington
"How much are the fee's for? Those are typical approval fee's by most investors, it likely will need to be covered by the buyer or another party. Brett@ishortsalenow.com 310-564-6389 www.ishortsalenow.com"
Dec 16, 2015
Jack Barry posted a discussion

Carrington

Carrington refuses to pay a city required certification fee and the conveyancing fee....any direction would be appreciated?
Dec 16, 2015
Sam Hague replied to Jack Barry's discussion declined in the group NationStar Mortgage
"There seems to be a couple of issues, one is price (that will generate minimum required net proceeds) and the other is the note request.  Depending on the Investor (GSE?)  they may have triggered the note in a Debt to Income test. Or…"
Feb 3, 2014
Seth Russell replied to Jack Barry's discussion original countrywide in the group Bank of America Short Sales
"Brian, Having never performed a Co-Op short sale...In this case, will BofA determine List Price and Listing Commission? We have a Countrywide-now-BofA loan..I just want to make certain we give our best effort if there's money on the table for…"
Jan 15, 2014
Bryant Tutas replied to Jack Barry's discussion original countrywide in the group Bank of America Short Sales
"These are very easy short sales.Not sure what affirming the debt means but you can be sure BofA can and will foreclose at some point. Do a co-op short sale. Your seller can get some cash and the debt will be forgiven. It's a great short sale.…"
Dec 29, 2013
Jack Barry replied to Jack Barry's discussion original countrywide in the group Bank of America Short Sales
"here is my concern.  BOA is unlikely to foreclosure since it probably doesn't have the promissory note or any paper trail at all.  A modification or cooperative short sale require the seller to affirm the debt.  I do not want to…"
Dec 27, 2013
Thom Colby CA Brkr 888-391-5245 replied to Jack Barry's discussion original countrywide in the group Bank of America Short Sales
"Is the seller in Bankruptcy ?  Is that why they are being asked to affirm the debt?  Never heard of any other reason to affirm."
Dec 27, 2013
ElizabethWeintraub00697006LyonRE replied to Jack Barry's discussion original countrywide in the group Bank of America Short Sales
"Countrywide loans might be many awful things to many people, but to a short sale agent a Countrywide loan is pure gold. Whenever I have an original CW loan with Bank of America, I do a Cooperative Short Sale if at all possible and have never had one…"
Dec 27, 2013

Profile Information

First Name
Jack
Last Name
Barry
State
PA
City
Philadelphia
My Profile
Selleing short sales in Phila and surrounding counties since 2007.

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