" Wow--positive news on the short sale front. How refreshing. Congrats!"
Katherine Muhs's Groups
Katherine Muhs's Discussions
Need help with BofA/REDC:
Started this discussion. Last reply by Drew Ludlow Feb 23. 6 Replies 0 Likes
My seller has a loan with BofA and started a short sale request with REDC, who told him to contact a realtor, which he did (me). Now, no one at either REDC or BofA can figure out how to add me to the…Continue
Who Creates The HUD?
Started this discussion. Last reply by Thom Colby 888-391-5245 CA Brkr Jan 16. 24 Replies 0 Likes
I'm representing the buyer of a short sale in California; Seller's agent is in my brokerage, and has "hired" a 3d party negotiator. BofA has countered my client's offer. I know the counter price but…Continue
Katherine Muhs's Page
Latest Activity
Katherine Muhs replied to Keji Ogunleye's discussion BoA Coop Short sale.. Incentive increases to $5000.00 in the group Bank of America Short SalesKatherine Muhs replied to Diana Skaff's discussion What good is a Cooperative Short Sale Agreement? in the group Bank of America Short Sales"Make sure you are allowed to reduce the price--I just found out (the hard way) the coop program has price reduction restrictions! Team Lead told me that to dispute the price I need Buyer's appraisal/BPO, my own CMA, an inspection report…"
Katherine Muhs added a discussion to the group Bank of America Short Sales
BofA FNMA COOP
Here's one: BofA/REDC FNMA coop short sale with original price set by REDC with instruction to reduce the price after 21 days, which I did. I emailed the negotiator on day of price reduction with no response. I then emailed team lead who replied within 1 day: "FNMA COOP program does not allow for price reductions and the current BPO does not expire until 6/28." Anyone else run across this and if so, how to work around it? Any/all suggestions are appreciated.See More
Katherine Muhs replied to Virginia johns's discussion Problem with new system at bank of America"Have you emailed the supervisor thru Equator or called customer service to escalate?"
Katherine Muhs replied to Beth Walsh's discussion Wells Fargo Home Equity blackmail? in the group Wells Fargo Short Sales"...so long as it doesn't constitute fraud from the short sale lenders' perspective."
Katherine Muhs replied to Beth Walsh's discussion Wells Fargo Home Equity blackmail? in the group Wells Fargo Short Sales"I just closed one in Cal with Wells Home Equity as the 2d. Wells wanted $2K more than the 1st td holder would allow. The buyer agreed to pay some of it, so long as he didn't have to pay all of it. The seller volunteered to make up the…"
Katherine Muhs replied to Beth Walsh's discussion What can I expect? in the group Wells Fargo Short Sales"I am just now finalizing a Wells 2d heloc. Mine had a BK on the note ($66K), but Wells needs to approve nonetheless. Per my negotiator, Wells typically wants to see 10% of the HELOC balance. I started with offering them $2000 from the 1st then made…"
Katherine Muhs replied to Loreena Yeo's discussion WF Counter Negotiable? in the group Wells Fargo Short Sales"Don't give up. Counter back, provide comps if you can. Joe's advice is spot on."
Thom Colby 888-391-5245 CA Brkr replied to Katherine Muhs's discussion Equator help: I changed brokers, what to do with equator in the group Bank of America Short Sales"The Equator account should be YOUR account - just change your information in your account to the new Brokerage."
Katherine Muhs added a discussion to the group Bank of America Short SalesEquator help: I changed brokers, what to do with equator
I just changed brokers, and probably won't be working the listing file directly. How do I update agents in equator without jeopardizing the file (or can I)? Anyone out there been through this before?See More
Katherine Muhs joined Wendy Rulnick's groupBank of America Short Sales
This group is for information, tips and solutions for Bank of America short sales. Click the link below for the Bank Of America Agent Resource CenterSee More
Drew Ludlow replied to Katherine Muhs's discussion Need help with BofA/REDC:"Persistence is the key. This ALWAYS happens to me with BoA and REDC/AMC. You just have to keep poking away and escalating. I too heard that REDC and AMC were 'fired', but they keep taking files and screwing them up."
Gia Freer replied to Katherine Muhs's discussion Need help with BofA/REDC:"This happened to me 3 weeks ago and I had to get a Supervisor on the phone from REDC and they had to re-assign the file back to me with my correct email on Equator. Took them 24 hours to get it done but I was persistent."
Katherine Muhs replied to Katherine Muhs's discussion Need help with BofA/REDC:"Thank you everyone!"
"Lord I ran into this last year. It was a nightmare. I was told by a BofA rep earlier this week that they weren't using REDC anymore because they'd received so many complaints. Maybe check back with BofA."
Bryant Tutas replied to Katherine Muhs's discussion Need help with BofA/REDC:"Contact the twitter team at @bofa_help they will get you sorted out quickly"
Profile Information
- First Name
- Katherine
- Last Name
- Muhs
- State
- CA
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- Mammoth Lakes
- My Profile
- Shortly after receiving my real estate license in 2003, I joined Coldwell Banker Mammoth Real Estate. I chose this company simply because it's the best in town. Since then I have been helping buyers and sellers alike. In 2007 I closed my first short sale, and since then I have closed 100% of my short sale listings.
Katherine Muhs's Blog
Bogus BPO broker?
Posted on December 27, 2011 at 12:48pm 3 Comments 0 Likes
I just found out the broker that did the BPO on one of my short sale listings (bank is Chase/Wachovia) is not a member of the MLS where the property is located. In fact I've never known him to do business in my area (he's about 45 miles away) and isn't even a full-time or part-time agent in his own area. The 3d party company that hired him to do the BPO states specifically "Do not accept this BPO if you are not a member of the MLS." But the broker did. What would you do: wait and see what…
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