Short Sale Superstars

Providing you with the knowledge and tools needed to succeed with Short Sales

Jeff Payne
  • Male
  • Panama City, FL
  • United States
  • Panama City, Panama City Beach
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Jeff Payne's Friends

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Jeff Payne's Page

Latest Activity

Sandi Reed 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
Aug 25
Christopher Ballenger liked Jeff Payne's profile
Aug 8
Ricky O. Gibson, Sr 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
Aug 3
Lisa Jackson 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
May 29
Dara Celestin joined Jeff Payne's group
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Finding the investor

This group is for sharing how to reach the investors on your short sale.  Please post your methods and contacts for finding the investor.See More
May 25
Luther Fisher 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
May 20
Jason Sanseverino commented on Jeff Payne's group US Bank
"I have a US Bank Short sale where US Bank is refusing to pay a Buyer Agent Commission because the buyer is related to the buyer agent through marriage (not husband and wife - buyer is the son-in law). This relationship was disclosed in the offer -…"
Apr 21
Jason Sanseverino 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 21
Fred Bauscus commented on Jeff Payne's group US Bank
"I've just given them 1234.  They don't check it against anything."
Apr 7
Celeste ODea commented on Jeff Payne's group US Bank
"Got It! Thanks so much. This is my first SS with US Bank and they don't sound too exciting to work with.  It's an FHA loan. Any suggestions?"
Apr 7
Chad Gelsinger commented on Jeff Payne's group US Bank
"I don't know if US Bank will check the validity of the EIN... Whichever one you use, just designate the name associated with the EIN.... They will confirm it as a "password" when you call. If you can't provide the correct number,…"
Apr 7
Celeste ODea commented on Jeff Payne's group US Bank
"My broker's EIN, or my personal one? "
Apr 7
Chad Gelsinger commented on Jeff Payne's group US Bank
"Celeste, US Bank will take a generic 3rd Party Authorization, but will require the last 4 digits of your EIN MUST be typed on the authorization. IF they cannot easily see the EIN, they will refuse your 3rd Party. US Bank will ask for the EIN as…"
Apr 7
Celeste ODea commented on Jeff Payne's group US Bank
"Does anyone have a copy of US Bank's 3rd Party Authorization form? I understand they have their "own." "
Apr 7
Deb joined Jeff Payne's group
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Finding the investor

This group is for sharing how to reach the investors on your short sale.  Please post your methods and contacts for finding the investor.See More
Mar 22
Alex 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
Jan 13

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 (18 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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