James L. Bilotta
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  • United States
  • California
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James L. Bilotta's Discussions

FBI regarding Submitting All Offers

Started this discussion. Last reply by Rebecca Roberts Oct 21, 2012. 2 Replies

Tough issue.  There is a legal side and a financial side.  From a legal perspective, we need to advise our clients (the seller...not the lender) by giving our best informed advise as to which offers…Continue

HELP - CA FTB Partial Lien Release - Anyone Have an expert referral

Started this discussion. Last reply by James L. Bilotta Oct 3, 2012. 4 Replies

I have a short sale that has been approved by all lenders, buyer is ready and we found a California Franchise Tax Board lien on the property at the 11th hour.  It is complex but the borrower at one…Continue

 

James L. Bilotta's Page

Profile Information

First Name
Jim
Last Name
Bilotta
State
California
City
Encinitas
My Profile
Owner / Broker of Premier Pacific Realty & Mortgage in North County San Diego, CA. We provide short sale services and advice as well as supply necessary information to those facing foreclosure through our website www.SanDiegoRealEstateAdvisors.com. I am a former bank Chief Financial Officer and am familiar with the Short Sale process from both the lender side and "our" side.

James L. Bilotta's Blog

"Banned" From Working with this lender- Suggestions please

Posted on June 16, 2011 at 12:51pm 9 Comments

I have never run into anything like this before!  If anyone else has, please let me know.

 

An agent of mine listed a Short Sale with two lenders.  We received the short sale approval from the second lender and had dilligently worked with the first lender, ING Direct.  We supplied a complete package on day 1, everything was included.  By day 60 and after numerous emails, the only results we had were "offer X amount (which was almost 15% above market" and there is no option we…

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