Jim Hale
  • Eugene
Share on Facebook
Share

Jim Hale's Friends

  • Angie Mombert
  • Kent Dills

Jim Hale's Discussions

Changes in the regulatory rules forcing Fannie and Feddie to chose between foreclosure and short sale but not both.

Started Jun 1, 2011 0 Replies

A few weeks ago there was a news report that Fannie and Freddie's regulators had told them to get procedures in place so that by third quarter they were in position to either go for foreclosure or…Continue

 

Jim Hale's Page

Latest Activity

Jim Hale replied to Derik Bjorgo's discussion Sellers Bailing on SS last minute, need some advice!
"Hard to imagine letting a seller allow prior occupancy on a short sale.  Hard to imagine letting the buyer become a landlord prior to closing on their short sale purchase.  Most likely actual lawsuits would likely be over these…"
Dec 9, 2012
Jim Hale replied to Samuel Hilbert's discussion Commission on First and Second in the group Wells Fargo Short Sales
"You can't blame them for asking. But you can blame yourself, if you agree to their demand. The second can kill the deal.   But if they do and foreclosure ensures, they will get nothing. Reminding them of that fact is the best…"
Apr 4, 2012
Jim Hale replied to Wanda martinez's discussion BOA declines Short Sale because of lack of marketing????
"For a lender to demand that we involve Zillow is these little dramas immediately suggests the need for us to involve our several representatives in Congress - once again, in a way that should be wholly necessary.  If this continues to be an…"
Apr 1, 2012
Jim Hale replied to BJ Stulles's discussion Anyone Who Has Done Dual Agency & Received 6% Commission In Last Year? BOA in the group Bank of America Short Sales
"The way you "avoid" agents who are unskilled or buyers who are attempting to offer down on several properties is to insist that:  earnest money be paid at offer acceptance and made nonrefundable for at least 75 (or so) days, that the…"
Mar 11, 2012
Jim Hale replied to Jennifer's discussion Equator timeout? in the group Equator
"I guess I'm trying to say that the LA should have asked for the appraisal up front if he is going to expect it prior to short sale approval. If both agents have given good advice on price, the appraisal should not cause any heartburn or delay…"
Dec 30, 2011
Jim Hale replied to Jennifer's discussion Equator timeout? in the group Equator
"If I were the listing agent, when you entered the transaction you would have been asked to have fully applied for your loan except for getting the appraisal (within days of agreement), to have gotten your inspection of the property and respond to it…"
Dec 30, 2011
Jim Hale replied to Amanda Pittman's discussion DENIED! in the group FHA - HUD Short Sales
"Not being able to do a short sale would not be a real loss here in Oregon, because, by renting the house, the owner would have lost his homestead exemption from deficiency judgment. The lender would have no incentive to play ball anyway."
Nov 30, 2011
Jim Hale liked Angie Mombert's profile
Nov 28, 2011
Jim Hale replied to Angie Mombert's discussion Wells Fargo starting to rescind notice of defaults and starting the process of judicial foreclosure in Oregon in the group Wells Fargo Short Sales
"My favorite friendly title officer says that it's not just Wells Fargo heading that direction here in Oregon as defaulted lenders shy away from MERS-hampered ordinary trustee sales. But when the lenders go that way it takes them more time and…"
Nov 28, 2011
Jim Hale commented on Wendy Rulnick's group Bank of America Short Sales
"Tara - Forget about the regular email.  What did they say to you through Equator? About the ordering of valuation?  They should have advanced you to the "valuation" phase. Did they do that in Equator? About the decline? …"
Nov 4, 2011
Jim Hale commented on Wendy Rulnick's group Wells Fargo Short Sales
"Phil - Tell the credit union that 10% is a deal.  6% is more likely.   And tell him your client will "occupy" his entrance with a sign saying that they are forcing people to bankruptcy because they won't cooperate on short…"
Oct 18, 2011
Jim Hale commented on Wendy Rulnick's group Wells Fargo Short Sales
"Steele and Propp Buyers offer.  They check boxes.  They say things. Sellers counter. Agents negotiate.  They say appropriate things. They get the selling agent and the buyer to consider a better plan. They get the box…"
Oct 13, 2011
Jim Hale commented on Wendy Rulnick's group Wells Fargo Short Sales
"As Ben mentioned, I advise the seller to not only make the buyer's earnest money non-refundable for 75 days but to undertake the whole house at the outset...and have the inspection/negotiation period run during the first ten business days of…"
Oct 13, 2011
Jim Hale commented on Wendy Rulnick's group Wells Fargo Short Sales
"Norene - Communication? Certainly. Commitment? Only truly possible with a deposit at risk.  Why would a buyer be reluctant to commit his earnest money?  The interest lost?  Less than a family lunch at McDonalds."
Oct 12, 2011
Jim Hale commented on Wendy Rulnick's group Wells Fargo Short Sales
"Earnest money should clearly be non-refundable for at least 60 - 90 days.  The buyer must have some degree of commitment.  Our e.m. deposits are usually well below the 3% mentioned below.  No buyer should object....no buyer's…"
Oct 12, 2011
Jim Hale commented on Wendy Rulnick's group Wells Fargo Short Sales
"Shane -"Good thing I got my real estate license, so I can NOT purchase a deal when I find one."   You can buy a deal when you find one.  It just can't be your own listing - unless you disclose that you are the buyer, that…"
Sep 30, 2011

Profile Information

First Name
Jim
Last Name
Hale
State
Eugene
City
OR
My Profile
Principal Broker, ACTIONAGENTS.NET

Comment Wall

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

  • No comments yet!
 
 
 

Members

Badge

Loading…

© 2017   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************