"Noel,
Have you heard about QWR-Quality Written Request? This is what HREU- Harris Real Estate University recommends when the lender/investor is being unreasonable. QWR forces the lender to process the request to check the quality of the loan. This…"
Luis Cardozo's Discussions
Credit Card Lien Still There After Seller BK Discharged
Started this discussion. Last reply by Joe McDermott Oct 7, 2011. 4 Replies 0 Likes
My client filed BK 7 because of credit card liens. Now it is discharged. And we got a short sale approval from Chase. The creditors will not release the lien still because they said it was filed…Continue
Luis Cardozo's Page
Latest Activity
Luis Cardozo replied to Noel Crider's discussion Chase with B of A as investor (California) -- help please! in the group Chase
Luis Cardozo replied to Kathleen Sheridan's discussion Chase Accepts Cash Offer But Ignores Buyer's Terms in the group Chase
"Hi Kathleen,
My experience is that Chase always extend the closing date as long as you keep the negotiator knows that
you are trying your best to close the transaction. I heard that negotiators are also paid by commission so they want to
push you to…"
Luis Cardozo replied to Claudia Carignan's discussion Chase asking seller for $5000 cash contribution( per MI company) in the group Chase
"I had a similar situation. We solved it by reducing the purchase price by $5k and asking the buyer
for cash contribution instead of the seller. You have to resubmit the short sale package again. "
Luis Cardozo replied to Gabriel Reyes's discussion Delinquent HOA Dues, Chase refusing to pay more that $1200. in the group Chase
"HOA tends to add lots of late fees, legal fees and so forth. Find out the actual HOA dues owed. Use this number to negotiate with HOA. Then ask the agents, sellers and buyers to split the cost. Good luck. "
Joe McDermott replied to Luis Cardozo's discussion Credit Card Lien Still There After Seller BK Discharged
"Folks have to remember that they need their BK attorneys to strip the real property liens if the creditors attached real property in conjunction with their debt. If not, your just going to have to pay them to remove the liens later. Happened to me…"
Luis Cardozo replied to Luis Cardozo's discussion Credit Card Lien Still There After Seller BK Discharged
"Thank you, Laura. Very helpful. I hope the lawyer and collector for American Express will be cooperative."
Kimberley Kelly replied to Luis Cardozo's discussion Credit Card Lien Still There After Seller BK Discharged
"Good answer Laura. I'm also in California and I have not dealt with this Motion to Avoid Judgement Lien. THanks for the heads up.."
Laura Marshall replied to Luis Cardozo's discussion Credit Card Lien Still There After Seller BK Discharged
"I had this problem with one of my short sales. The seller filed BK (which had already been discharged), but did not file a " Motion to Avoid Judgement Lien". You need to find out if this was filed with the BK. I was told that if this is…"
Luis Cardozo posted a discussion
Credit Card Lien Still There After Seller BK Discharged
My client filed BK 7 because of credit card liens. Now it is discharged. And we got a short sale approval from Chase. The creditors will not release the lien still because they said it was filed before the bankruptcy. I will appreciate your suggestions.
Luis Cardozo replied to Victor Schmell's discussion Chase refusal letter in the group Chase
"I agree with Phil. Counter offer something no matter how small- $100.00 or 200.00."
Luis Cardozo replied to Andrea Swiedler's discussion Chase as second, first lien holder will not be short in the group Chase
"This sounds to be a good listing. Go for it."
Luis Cardozo replied to Luis Cardozo's discussion My Seller is Filing Chapter 7 BK. What does Chase usually do? in the group Chase
"None yet because the seller just submitted the required documents to the BK attorney. It will be filed in a couple of weeks. Check back then."
Larry Davis replied to Luis Cardozo's discussion My Seller is Filing Chapter 7 BK. What does Chase usually do? in the group Chase
"So what happened?"
Luis Cardozo replied to Ruben Villegas's discussion Could anyone help? Extension of sale date!!! in the group Chase
"Ruben,
If the investor is participating in the HAFA program, they will postpone the foreclosure date. So you may want to ask if the offer the HAFA program.
Good Luck
"
Luis Cardozo commented on Wendy Rulnick's group Chase
"Kevin,
Chase requires an arms length affidavit.
Good Luck
Luis"
Thom Colby CA Brkr 888-391-5245 replied to Luis Cardozo's discussion My Seller is Filing Chapter 7 BK. What does Chase usually do? in the group Chase
"They can and your seller can agree BUT, will the seller still be eligible for BK without the Property included - that's an issue I had with a transaction - the seller wouldn't allow the property to be removed because they would no longer…"
Profile Information
- First Name
- Luis
- Last Name
- Cardozo
- Are you a...
- Agent
- State
- CA
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- San Jose
- My Profile
- I am a real estate broker for 20 yrs in San Jose CA. I specialize in Short Sale in the San Jose, CA area. My Website is:
http://ShortSaleHomeSpecialist.com.
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