Jim Schneider
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Jim Schneider's Discussions

Loan Modification Review = three weeks lost time

Started this discussion. Last reply by Ron Scribner Sep 12, 2013. 9 Replies

I've been seeing more servicers force a loan modification review on my short sale clients. I mean clients that have no interest in retaining the home, haven't asked for a mod. This wouldn't bother me…Continue

A Flood of BPOs

Started this discussion. Last reply by Greg Zajdel Aug 17, 2012. 1 Reply

This last week my e-mail has been flooded with BPO requests, I mean THOUSANDS of bpo orders. Mind you these are not requests to me in particular but e-mail blasts for assignments accepted on a first…Continue

Fannie Mae requires shorter short sale Timelines

Started this discussion. Last reply by Jim Schneider Apr 28, 2012. 2 Replies

April 25, 2012Fannie Mae Sets New Short Sale TimelinesNew Guidelines Will Expedite Process, Improve Foreclosure Prevention OptionsAndrew Wilson202-752-5168WASHINGTON, DC – Fannie Mae (FNMA/OTC)…Continue

Can I notarize client affidavits?

Started this discussion. Last reply by Jeffrey Sampson May 4, 2012. 12 Replies

With more and more notarized documents needed, I'm wondering, will banks balk if I get a notary license and notarize the signatures (while being the listing agent on the same file?). It would save a…Continue

 

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Latest Activity

Roberta Baldwin commented on Jim Schneider's group Deutsche Bank
"Looking for a bank contact to tell me the status of a high-end already foreclosed on Deutsche Bank property and whether an offer can be made since it's not formally on the market. I've heard once a bank takes posession it's hard to…"
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Deutsche Bank

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Profile Information

First Name
Jim
Last Name
Schneider
Are you a...
Agent
State
Illinois
City
Bloomingdale-Chicago Suburbs
My Profile
sold my first short sale in 2006, since then have sold many more. I am currently working with an attorney that specializes in short sales, but I actively work the negotiating side too.

Jim Schneider's Blog

Wells Fargo short sale approved in 60 days!

Posted on May 24, 2012 at 12:17pm 2 Comments

Feeling good on this one, sixty days from contract to short sale approval. Investor was Freddie Mac.

How to Find the MI Company

Posted on April 24, 2012 at 8:42am 0 Comments

If I see there was less than 20% down at purchase (without a piggyback) or if I see the servicer changing since the loan was issued, I assume there is MI either paid for by the seller or added by the new lender when they bought the loan.

 

1st, I call the servicer and ask, REPEATEDLY, because you have to find the rep that hasn't got them memo not to give out this critical information. Get the MI company and the mortgage certificate number (it's like the account number for…

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Comment Wall (4 comments)

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At 10:16am on July 26, 2012, Guy Lofts CRS said…

call me if you have specific questions.  You speak to one person.  One of the most efficient banks to deal with.   I do a happy dance when i have one!!  but did not want to waive deficiencies.

At 2:11pm on October 28, 2011, Azim Jessa said…

Hi Jim,

 

SLS did ask my sellers to pay for the BPO.  They tacked on $115 to the next statement and said if the SS is approved, that cost would be built in to the payoff amount.  If the SS was denied, the seller would then be responsible for the charge.  

 

Hope this helps,

Azim

 

At 4:26pm on January 6, 2011, Zach Shepard said…
Great! Thanks for the invite Jim! I love this market. If agents don't like doing short sales, I have no problem w/ that. Just send em my way. ;)
At 12:06pm on November 7, 2010, Gwen Mark said…
Sure Jim, would love to help. Let me know what you need.
 
 
 

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