John Treadwell
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  • Reno
  • United States
  • Nevada
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BOA (investor) 3 times the appraisal

Started this discussion. Last reply by John Treadwell Jul 20, 2012. 3 Replies

Here one for everyone ,we have a 66 arce parcal 2 miles off the grid ,and over half of the land is rock ,no power(solar only) ,and a naurtal spring is the source of water, was listed at 75,000 ,got a…Continue

Franklin Credit

Started Jan 17, 2011 0 Replies

Anyone dealing with them, I have them on 2nd lender ,and they are trying to cut the commission to 4% from 1st lender approved 6% ,and buyers closing , It doesn't affect there net at all ,but they…Continue

 

John Treadwell's Page

Latest Activity

John Treadwell replied to Debi Braulik's discussion BK from 3 years ago- attempting short sale since 8/2013. Now they ask for this... in the group Wells Fargo Short Sales
"Send them the BK discharge and tell all info before BK is now voided ,client no longer have it"
Mar 21, 2014
John Treadwell commented on Wendy Rulnick's group Short Sale Referrals
"Licensed in Nevada (Reno) ,California most would be for Truckee, Lake Tahoe 6 yr in short sales   "
Feb 19, 2014
John Treadwell joined Wendy Rulnick's group
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Short Sale Referrals

Post your referral needs here! Join this group to be automatically notified of new referrals for listings or buyers!See More
Feb 19, 2014
John Treadwell replied to Teresa Keeler's discussion URGENT - Chase Declined a CLOSED short sale 5 days after settlement in the group Chase
"Please keep us all informed this is kinda a new thing ,like to see the outcome"
Feb 19, 2014
John Treadwell joined Wendy Rulnick's group
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Chase

Working with all divisions of Chase. Share tips, stories, reference info!This group is for information, tips and solutions for Chase short sales.See More
Feb 19, 2014
John Treadwell replied to Teresa B Cooper's discussion Buyers' Agent related to Buyers in the group Wells Fargo Short Sales
"Take it , I am surprised they didn't cancel the whole deal. "
Feb 19, 2014
John Treadwell replied to Sharona Byrnes's discussion WEIRD ONE FOR PNC, please help! in the group PNC Bank
"I think the other statement here is true don't do it for them ,they will have to pursue it all.  Banks will reduced it after the short sale is done, or if they trouble are that bad BK might be best get rid of everything that way ,which a…"
Apr 18, 2013
John Treadwell replied to Sabrina Teplin's discussion Dignified Transition Services - DTS
"How do I get in touch with them for Reno Nevada ?   email; [email protected]"
Mar 17, 2013
John Treadwell replied to Ken Ryan's discussion FANNIE MAE Valuation issue
"3905 Guy Rd Reno,NV Cmps showed 75.000 was a strong list price listed property and got a offer at 60.000 summited short sale offer  ,they came back and said we should have listed it at 150.000 and approve the sale at 135,000 ,  buyer does…"
Jan 6, 2013
John Treadwell replied to KARLA ELKEBIR's discussion Approved Short Sale...Buyer/Agent Holding Closing!
"I would cancel and put in back on the market the banks will work better on a extend that way ,and maybe the buyer will wake up that way, letter in han d take it or leave.  The fact your in the middle of a buyer flip with BOA on board is really…"
Sep 23, 2012
John Treadwell replied to John Treadwell's discussion BOA (investor) 3 times the appraisal
"Thanks it's one of those fight to the end deals, this one is more about the client now.  How the banks would hold onto a property they might never sell Lucky we got a offer at all"
Jul 20, 2012
Smitty replied to John Treadwell's discussion BOA (investor) 3 times the appraisal
"Haa...I would send them the new EATON ruling.  they cannot foreclose if they don't own the note and mortgage.  They don't have to hold it physically but they must have rights to both.  If they have already stated they…"
Jul 20, 2012
Bryant Tutas replied to John Treadwell's discussion BOA (investor) 3 times the appraisal
"John. It's unfortunate but some short sales just won't happen. This may be one of them. I'd place it back on the market at $150,000 then slowly start reducing again until you find another buyer. By that time the investors valuation…"
Jul 19, 2012
John Treadwell posted a discussion

BOA (investor) 3 times the appraisal

Here one for everyone ,we have a 66 arce parcal 2 miles off the grid ,and over half of the land is rock ,no power(solar only) ,and a naurtal spring is the source of water, was listed at 75,000 ,got a offer for 60,000  BOA investor counters us at 150,000  almost 3 times the value.  Had a formal appraisal done came in at 60,000.  the investor refuses to come down to the value.  The seller has been to medititon once already ,and the bank clearly has no paperwrok for the land or the note ,but yet…See More
Jul 19, 2012
John Treadwell commented on Bryant Tutas's group PNC Bank
"Over the years PNC in 2nd  lien is a nightmare.  the best I have ever got after a hard fight  was 20% of the debit, and we all had to pitch in to make it happen, buyer, both agents ,and sellers.  Good Luck  but them or…"
Jul 9, 2012
John Treadwell replied to Richard Zucchini's discussion USAA 2ND LIEN, DONT BOTHER, LET IT GO TO FORECLOSURE!
"I think with all the new changes your going to see all 2nd liens harder to just walk away from now.  Ask for a promissory note, And I have done short sale now from 2005 ,and seen many changes, But the first thing is too be nice to the people on…"
Jul 1, 2012

Profile Information

First Name
John
Last Name
Treadwell
Are you a...
Agent
State
Nevada
City
Reno
My Profile
I'm a Nevada/Calif. Realtor and for the last 12+ years have been doing short Sales and by end of the month will have closed 40+ and 20 more working to date
I have seen a lot of what banks will do !! Hope to learn from and share with some too. Short Sales have slow down now in the market. I work in South lake Tahoe ,Ca. and Reno/Sparks Nv.

John Treadwell's Blog

High Appraisals

Posted on December 2, 2010 at 7:42am 2 Comments

Ok In the last 2 weeks have had 3 BPO's or Appraisals come back 20,000 to 30,000. over the market comps,and lenders asking for 88% of the amount to there Net. Which is higher than any comps even in the last year here in Nevada.
Anyone one else seeing this new trend starting to happen?

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