Les Greenberg
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Les Greenberg's Discussions

Listing agent wants to buy short sale property.

Started this discussion. Last reply by Brett Goldsmith Aug 14. 1 Reply

As a real estate agent I would like to prospect for short sales, get the listing, & negotiate the short sale for myself as the Buyer. Input welcome.

IndyMac Arms Length

Started this discussion. Last reply by Wendy Rulnick Nov 6, 2012. 1 Reply

My broker would like me to short sell her primary home.  Indy Mac.  Issues?Continue

Sovereign Bank short sale incentives?

Started Oct 10, 2012 0 Replies

Does anybody know if Sovereign Bank is offering any $$$ to do a short sale over and above HAFA $?Continue

Can I, as the listing agent / negotiator, buy the short sale?

Started this discussion. Last reply by Jeff Payne Sep 26, 2012. 1 Reply

Arms length???    If it is disclosed to the lender?Continue

 

Les Greenberg's Page

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Brett Goldsmith replied to Les Greenberg's discussion Listing agent wants to buy short sale property.
"You wouldn't get commission and if you're listing the property there's a good chance you'd be black listed as the buyer. I would never structure a short sale this way. [email protected] 310-564-6389 www.ishortsalenow.com"
Aug 14
Les Greenberg posted a discussion

Listing agent wants to buy short sale property.

As a real estate agent I would like to prospect for short sales, get the listing, & negotiate the short sale for myself as the Buyer. Input welcome.
Aug 13
Wendy Rulnick replied to Les Greenberg's discussion arm's length trans.
"Here is IndyMac's Arms Length agreement. Right from our site!  They may not pay you."
Nov 6, 2012
Les Greenberg posted a discussion

arm's length trans.

My broker would like me to short sell her primary home.  Indy Mac.  Issues?See More
Nov 6, 2012
Les Greenberg posted a discussion

Sovereign Bank short sale incentives?

Does anybody know if Sovereign Bank is offering any $$$ to do a short sale over and above HAFA $?See More
Oct 10, 2012
Jeff Payne replied to Les Greenberg's discussion Can I, as the listing agent / negotiator, buy the short sale?
"My unofficial answer is probably not.  If they did allow it dont expect any commission.  Probably depends alot on the lender"
Sep 26, 2012
Les Greenberg posted a discussion

Can I, as the listing agent / negotiator, buy the short sale?

Arms length???    If it is disclosed to the lender?See More
Sep 26, 2012
Les Greenberg replied to Les Greenberg's discussion Arms Length
"No......I am a licensed realtor, wanting to short sell my broker's house."
Aug 10, 2012
Ken Ryan replied to Les Greenberg's discussion Arms Length
"Les - you may want to confirm the type of loan(s) your seller has. Some short sale programs such as HAFA prohibit sellers who are licensed Realtors from listing with the same broker that they are licensed with. I believe this may be the same policy…"
Aug 7, 2012
Kimberley Kelly replied to Les Greenberg's discussion Primary Residence.....Mortgage Relief Act
"Les.  In California, he will be 1099'd, so refer him to his CPA (or her?).  No extension yet, but would be dumb not to..and who's to say that has anything to do with it, right???  Hoping as I too am in California.."
Aug 7, 2012
Sam replied to Les Greenberg's discussion Primary Residence.....Mortgage Relief Act
"It is possible that he could have losses on the sale of home #1, perhaps even greater then 1099 gain if he never did cash out refi.  I have seen some very large tax windfalls resulting from short sales on investment properties, even with the…"
Aug 7, 2012
Wendy Rulnick replied to Les Greenberg's discussion Arms Length
"Les - What lender is? Someone may have the latest affadavit for that lender, and let you know."
Aug 6, 2012
Wendy Rulnick replied to Les Greenberg's discussion Primary Residence.....Mortgage Relief Act
"Les - He may not owe taxes if he is insolvent per IRS.  If he is concerned, have him talk to his accountant before going forward.  As for Mortgage Relief Act, if it is not extended, the above still could apply."
Aug 6, 2012
Les Greenberg posted discussions
Aug 6, 2012
Les Greenberg is now a member of Short Sale Superstars
Aug 6, 2012

Profile Information

First Name
Les
Last Name
Greenberg
Are you a...
3rd Party Negotiator
State
Ma
City
Orleans

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