"Investors with Flippers are doing the same thing. It's just common practice now that they give 5%. Standard sells are doing it too. "
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Julie Wilkinson
- Female
- Fort Lauderdale, FL
- United States
- Florida
- Blog Posts (2)
- Discussions (19)
- Groups (3)
Julie Wilkinson's Groups
Julie Wilkinson's Discussions
Update on BB&T plus what is the sellers benefit of accepting their offer
Started this discussion. Last reply by Harry Clay Feb 26. 7 Replies 0 Likes
After numerous hours of calling BB&T's corporate offices I found someone in the Recovery Dept who was willing to contact the attorneys in Tampa and see if he could get things moving. I sent the…Continue
How to stop short sale lenders from automatically cutting our commission
Started this discussion. Last reply by Jan Baron May 20. 158 Replies 2 Likes
Nearly 9 out of 10 of my short sales, the lender cuts the commission from 6% to 5%. I am sick of this. They know they have us by the short hairs and do it automatically. Now I have GMAC being…Continue
I need the name of a successful and communicative short sale attorney in Broward County, Florida.
Started this discussion. Last reply by Bryant Tutas Mar 21, 2011. 1 Reply 0 Likes
My seller needs more time in their home. They have maybe a couple of months left if that. I need the name of a successful, communicative, compassionate short sale attorney in Broward County Florida.…Continue
Need the names of a couple foreclosure attorneys that are litigators
Started this discussion. Last reply by Michael Hayley Oct 13, 2010. 1 Reply 0 Likes
Does anyone know of a foreclosure attorney who has been successful in suing a bank over a seller losing his home due to a foreclosure. I have 3 clients who are in need of one. Their home was…Continue
Julie Wilkinson's Page
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Jan Baron replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission" I see someone reccomended reporting it to the OCC. If the offending bank is a member of the Nation Association, the bank will have NA ater its name, then you can report it to the OCC. The OCC only regulates National…"
Lillianne Echevarria replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"I think this is a great idea!"
Lillianne Echevarria replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"I always defend my commission and it works!"
Lisa Woolverton replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"I am on the buyer's side and AHMSI Servicing sent the approval letter which included language saying the brokerage commission will not exceed 5% (blank filled in). It's a rotten deal...what are we supposed…"
Donna Clayton, Broker, MBA replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"Are you handling your own negotiations, or are they being handled by an attorney? I kept having the same experience until I began negotiating my own short sales and preparing all preliminary HUD1s until just prior to closing, at which point I…"
Barry Levy CDPE replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"I doubled ended a short sale for about $200,000 and the lender tried to get me to take 4% instead of 6. I told them that I had maneuvered a bidding war and if the property was resold to another buyer to expect 10% less, and no I would not cut…"
Kevin - Greenville, SC replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"Incorrect. I'm under no obligation to accept anything less that is stated in the listing agreement unless the listing agreement is written in such a way that say's I will accept whatever commission the Servicer dictates."
Michael Schneider replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"Agreed, twice. Try to update."
"ING can pound sand if they're not going to pay my standard fee (I'm doing twice the work of a standard sale)."
ShirleyCoomer replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"I just closed a Short Sale with ING and they would only pay 3% since I had both the seller and buyer (which is permitted in AZ with disclosure signed for duel agency). They did require I use Placer Title in CA, "
Thom Colby 888-391-5245 CA Brkr replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"ING is now stating they will not pay more than 4% total....... AND, it is required the transaction is closed using their selected Escrow and Title Companies."
Kevin - Greenville, SC replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"US Bank is currently trying to cut mine to 5% on a $113,000 Home. First time I've had a Servicer attempt this in awhile."
Julissa Jumper replied to Julie Wilkinson's discussion How to stop short sale lenders from automatically cutting our commission"I think this is the report:
http://www.campbellsurveys.com/AgentSummaryReports/AgentSurveyReportSummary-June2009.pdf"
Julie Wilkinson replied to The Short Sale Escalator's discussion Lender refusing to work with Attorney in negotiations"Dear SSE
I have recently had a very similar situation recently. We have approval from our first lien holder (GMAC). We needed approval from the second lien holder BB&T, but were not getting it because they had filed a separate lawsuit against…"
Harry Clay replied to Julie Wilkinson's discussion Update on BB&T plus what is the sellers benefit of accepting their offer"What? You gotta a problem with creative financing?"
Profile Information
- First Name
- Julie
- Last Name
- Wilkinson
- State
- Florida
- City
- Fort Lauderdale
- My Profile
- I am a realtor of almost 30 years. I sold real estate in Santa Clara County California where I trained with Century 21. I started real estate when interest rates were close to 18%. After being there 11 years my husband and I moved back to Ft. Lauderdale as all of my family was here and I had a new born. I worked for Coldwell Banker for 15 years here in Ft. Lauderdale and I now work for American Realty & Investment. I have been to several short sale/foreclosure training sessions and seminars. I have closed on 1 short sale, lost a home back to the bank, and will be closing on another short sale next month. So I do have a fair amount of knowledge on short sales , but I learn more each day.
Julie Wilkinson's Blog
Need names & numbers to escalate BB&T 2 lien/equity line for a short sale.
Posted on February 16, 2012 at 2:17pm 2 Comments 0 Likes
My client has a first of $325,000 with GMAC and a 2 lien/equity line from BB&T for $240,000. BB&T is suing my clients outside of the short sale. They are suing them personally and have had to hire a foreclosure attorney to respond to the lawsuit. BB&T wanted $22,500 cash up front to allow our short sale to close as we have a buyer with an offer of $210,000. GMAC accepted this all cash offer. However,…
Here is an Update with my commission cutting dilema- Need Help too!!.
Posted on February 9, 2012 at 8:15pm 2 Comments 0 Likes
I have sent 3 powerful, demanding, and bank benefiting emails to this Impact Companies-Property Group. I asked to be escalated to the next level. All she keeps repeating to me is thats "ALL" we pay out of OUR proceeds!!!! Do you still want to continue???? I so much want to say NO!!! I don't want to continue and you can stick it where the sun doesn't shine!!! But I haven't yet.
Here is what I have learned- Impact Companies is an investment group that does buy notes and serves lenders…
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