LORRAINE D
  • Riverside, CA
  • United States
  • CA
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LORRAINE D's Discussions

Queston? Could anyone share how they market for shortsale?

Started this discussion. Last reply by Javier Forbes Jul 7. 3 Replies

Hello, Can anyone give me a glimmer into the shortsale world.I have never marketed for shortsales, Do you?What has worked best for you?Which servicers are better than others to work with?Listings are…Continue

Keep paying on Promissory Note from 5 yrs ago for shortsale ? Mortgage Debt Relief Act?

Started this discussion. Last reply by Kimberley Kelly Apr 28, 2013. 6 Replies

I had a homeowner call and ask "Did she have to keep paying on the Promissory note that she signed 5 yrs ago before the Mortgage Debt Relief Act ?  I did refer her to an attorney instead who is a CPA…Continue

CA Question

Started this discussion. Last reply by Brian Avery Mar 21, 2012. 1 Reply

Have a seller whose income property is not producing income for the last 6 months. They cant handle to mortgage of this investment property and would like to Short Sale it. Can they fall or qualify…Continue

Foreclosure or Shortsale

Started May 8, 2011 0 Replies

I am in CA, my client wants to file for bankruptcy, not sure what to advise him.He would like to stay in the home for another 4 months and has filed for bankruptcy. Should I take the listing? Looking…Continue

 

LORRAINE D's Page

Latest Activity

Javier Forbes replied to LORRAINE D's discussion Queston? Could anyone share how they market for shortsale?
"a lot are, who the hell are you. but once I explain what I can do for them based on there situation they open up. I am genuine and really want to help their situation. Think of it like this, They are your friends and they have no idea what to do. so…"
Jul 7
Monica Russell replied to LORRAINE D's discussion Queston? Could anyone share how they market for shortsale?
"What are most  reactions to the homeowners once you knock on their door to talk about their financial situation?"
Jul 7
Javier Forbes replied to LORRAINE D's discussion Queston? Could anyone share how they market for shortsale?
"i knock on doors of people that have a sale date or lis pendence. After I understand what caused them to be in that situation I advise accordingly to there needs. A lot of the time people cannot save there homes and need to do a short sale.…"
Jul 7
LORRAINE D posted a discussion

Queston? Could anyone share how they market for shortsale?

Hello, Can anyone give me a glimmer into the shortsale world.I have never marketed for shortsales, Do you?What has worked best for you?Which servicers are better than others to work with?Listings are tough, trying to get some.Can anyone point me in the right direction?Thank you in advance for your assistance. I am in So. CASee More
Jul 7
LORRAINE D joined Brett Goldsmith's group
Jun 30
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Jun 28
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Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)This group is for information, tips and solutions for Wells Fargo short sales.See More
Jun 11
Kimberley Kelly replied to LORRAINE D's discussion Keep paying on Promissory Note from 5 yrs ago for shortsale ? Mortgage Debt Relief Act?
"I think you did exactly what I would've done here in Palm Springs, CA..refer to an attorney.  Good job!"
Apr 28, 2013
Simon Campbell replied to LORRAINE D's discussion Keep paying on Promissory Note from 5 yrs ago for shortsale ? Mortgage Debt Relief Act?
"That is very true. The Mortgage Debt Release Act states that the IRS will not hold someone liable for paying income taxes on the "income" received from the debt that was waived under a foreclosure or short sale.  The lenders still…"
Apr 27, 2013
Kevin - Greenville, SC replied to LORRAINE D's discussion Keep paying on Promissory Note from 5 yrs ago for shortsale ? Mortgage Debt Relief Act?
"You did the right thing by referring her to the CPA.  Leave it there."
Apr 24, 2013
Wayne Brooks replied to LORRAINE D's discussion Keep paying on Promissory Note from 5 yrs ago for shortsale ? Mortgage Debt Relief Act?
"Just to be clear, the MDRA has nothing to with notes or debt obligation "relief". It only deals with tax liabilities for forgiven debt."
Apr 24, 2013
Simon Campbell replied to LORRAINE D's discussion Keep paying on Promissory Note from 5 yrs ago for shortsale ? Mortgage Debt Relief Act?
"I would have done exactly the same thing. If you told her to stop paying and it damages her credit report, guess who she will turn around and rip to pieces? Exactly. Advice is easy to give but the right advice can make a world of difference. Now,…"
Apr 24, 2013
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Apr 23, 2013
LORRAINE D posted a discussion

Keep paying on Promissory Note from 5 yrs ago for shortsale ? Mortgage Debt Relief Act?

I had a homeowner call and ask "Did she have to keep paying on the Promissory note that she signed 5 yrs ago before the Mortgage Debt Relief Act ?  I did refer her to an attorney instead who is a CPA and Atty. What would you have done?See More
Apr 23, 2013
BrokerVision liked LORRAINE D's discussion CA Question
Mar 19, 2012
LORRAINE D shared their discussion on Facebook
Mar 19, 2012

Profile Information

First Name
LORRAINE
Last Name
D
Are you a...
Agent
State
CA
City
Riverside
My Profile
Broker/Agent, Short sales experience. Trained and Certified Distress Property Experience, CDPD(Harris University) and Shortsale and Foreclosure Resource certified.

I can be found on Equator, RES.NET and on LPS and iagent . Over 20,000+ evaluations completed since 2005. I have assisted many with their distressed sales.

I am truly BLESSED with wonderful sellers that choose to work with me. I am always learning.

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