Jeff Payne's Page

Latest Activity

Jeff Payne replied to Jill Ford's discussion I will put my "short sale from hell" up against yours any day!
"First mistake was your buyer using Quicken Loans.  I agree with Wayne here, in Florida one married person can be on the note, both sign the mortgage and both are on the deed if it is a primary residence"
Apr 17
Rita Boswell joined Jeff Payne's group
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US Bank

US Bank services Florida Housing loansPh#: 1-800-365-7900Fx#: 1-866-563-9508See More
Apr 11
Jeff Payne replied to Cat fried 's discussion Short sale due to relocation
"Did you answer your own question? :)  Do you have the FHA guideline that says they do not have to miss a payment?"
Apr 9
Jeff Payne replied to Sean Gunning's discussion No Commission??? in the group OCWEN
"Technically they are correct.  I have seen this before with other lenders and believe it to be a CYA for the lender.  Tara explained it well. OCWEN is not paying anything because they do not own the property, they are agreeing to release a…"
Apr 9
Robyn Soerries-Funk joined Jeff Payne's group
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US Bank

US Bank services Florida Housing loansPh#: 1-800-365-7900Fx#: 1-866-563-9508See More
Apr 5
Jeff Payne replied to Cat fried 's discussion Short sale due to relocation
"FHA is going to require you to be late on your payment.  Your husband may or may not lose security clearance, he needs to talk to his employer ASAP "
Apr 4
Profile IconJustin Berry, Catherine M Haney and TATIANA joined Jeff Payne's group
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US Bank

US Bank services Florida Housing loansPh#: 1-800-365-7900Fx#: 1-866-563-9508See More
Apr 3
Jeff Payne replied to Julio Saldana's discussion Is the Market at its turning point?
"Our market continues to improve.  Our single family market bottomed out late 2011 and we have seen an increase in the median sales price, increase in sales, decrease in inventory in every quarter since then.  Builders are building again…"
Apr 3
Jeanette Harris commented on Jeff Payne's group US Bank
"Hello I have done VA compromises with Wells Fargo but not US Bank, how do I get a VA compromise preapproved with US Bank? Or just wait until we have an executed contract? Preapproved way better to market the property... I'm grateful for any…"
Apr 2
Jeanette Harris joined Jeff Payne's group
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US Bank

US Bank services Florida Housing loansPh#: 1-800-365-7900Fx#: 1-866-563-9508See More
Apr 2
Jay Sommer joined Jeff Payne's group
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US Bank

US Bank services Florida Housing loansPh#: 1-800-365-7900Fx#: 1-866-563-9508See More
Mar 13
Jeff Payne replied to Frank Biganski's discussion BofA VA Compromise Short Sale - Allowable Closing Costs for Seller
"Even better :) "
Mar 6
Jeff Payne replied to Frank Biganski's discussion BofA VA Compromise Short Sale - Allowable Closing Costs for Seller
"Frank, the easy way is to ask what the house appraised for, then work backwards to 88.13%.  I believe that is still their required NET or at least that is the number we always try to achieve in VA short sales and it has worked every time.…"
Mar 5
Jeff Payne replied to Frank Biganski's discussion BofA VA Compromise Short Sale - Allowable Closing Costs for Seller
"How close are you to their desired NET? Perhaps they wont allow them because it goes below their NET. I rarely have issues with VA and BOfA as long as we hit their desired #"
Mar 4
Jeff Payne replied to Casey Nicholas's discussion OCWEN/ALTISOURCE/HUBZU DEBACLE in the group OCWEN
"I am wondering if there are RESPA violations occurring. Is there a disclosure anywhere that says OCWEN is in financial relationship with HUBZU, RHSS or Altisource?"
Mar 4
Jeff Payne replied to Casey Nicholas's discussion OCWEN/ALTISOURCE/HUBZU DEBACLE in the group OCWEN
"With the big news on RESPA violations and a big player being sued for RESPA violations, at what point do they investigate the affiliated business relationships with OCWEN, Altisource, HUBZU and RHSS?"
Mar 4

Profile Information

First Name
Jeff
Last Name
Payne
State
Panama City, Panama City Beach
City
FL
My Profile
The Payne Group is the top short sale agent in Panama City and the Beaches. We have a dedicated team to work for YOU!

Comment Wall (20 comments)

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At 3:50pm on October 7, 2013, ike said…

hI  Jeff  , I am interested in doing some deals with Selene Finance

do you have any contacts for N.Y BPO's

At 11:19am on May 9, 2012, sofy bark said…
Hi jeff did you get my mail
At 5:20pm on April 9, 2012, Warren Bonett said…

I have a buyer that wants to rent the property from the seller while we are waiting for the short sale to be approved. Lender hasn't asked for an ALT affidavit to be signed yet but in the event they do, would this be considered a violation of that affidavit since there is a separate agreement between buyer and seller outside of the contract for sale and purchase?  Thoughts?

At 7:05pm on March 16, 2012, Jayne Sanders said…

Jeff

Do you have any high level contacts at Saxon..I have beed escalated 3X with no response and of course I can not get a name, extension or email address..

At 1:26pm on March 12, 2012, sofy bark said…

so once the seller sign the backup offer the agent has to do the equator? and hows about if the bank see that i'm offering higher then the actual buyer....or maybe the bank doesn't care...

At 1:18pm on March 12, 2012, sofy bark said…

please enlighten me what is a soft declined short sale?

At 11:42am on March 12, 2012, sofy bark said…
I daid i do not understand why they do not go to the backup offer once the first was rejected
At 1:12pm on February 29, 2012, Gunna Voigt said…

HELP!

 

I have a transaction that was supposed to close today.  It's a HAFA transactiion.  It's in the Equator system for closing today, but I cannot reach (for 5 days alreaaady) anybody.  The buyer's down payment assistance and closing cost assistance expired yesterday, but we could close today. Her mortgage has been approved since last Thursday.  She is s single mom with 3 kids and will be homeless.  I have no phone number for the closing department at BofA, only email.  What can I do to light a fire under them, who could I call?

At 4:15pm on January 23, 2012, Jeff Rubenstein said…

Glad to be here.  Looking forward to connecting with the group.  That attorney was a real piece of work.  LOL

At 10:18am on August 28, 2011, Mike Sher said…

Jeff, in regards to your EMC Short sale with MGIC as the MI company.  You reported that the seller had to sign prom note for $14,500, $100 per month as per MGIC.  My file is a 5/3 with freddie as the investor and MGIC for the PMI company.  Got an offer of $102,000.  Current balance of loan is $140,000 5/3 BPO came back at $86,000 which I knew was low.  5/3 said we need an offer of $86,000 to make this work because the negotiator thought we would not be able to get the home appraised. Also since the homeowner was making payments she would be required to make some sort of contribution.  To minimize the deficiency we got the buyer to get their appraisal done now and it came back at $104,000 :).  I told 5/3 to send the file in the $102,000 and that we would be able to close.  I also asked her to put ion a good word for us since we were able to get them $16,000 more then their BPO allowed.  Well they came back after 30 days with MGIC asking for $5000 cash from the seller and a $25000 prom note for 180 months.

Question?  Did you counter MGIC and what did they counter back at?  Sorry about the long post.  BTW my clients hardship is that her home in Michigan and she move to Caroline with her soon to be husband.  5/3 called that a elective move, Guess Love is not what is used to be!!  Thanks  Mike

 
 
 

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