Makoto Sato
  • Male
  • Honolulu, HI
  • United States
  • Hawaii
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Latest Activity

Sheila Vardakis replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"I didn't realize he is in the military.  I would think that he HAS to sell his home then and that he can't have a foreclosure or he will lose his job or rank.  correct me if I am wrong. "
Apr 29, 2013
TOP END Properties replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"Not paying taxes is not a problem for a short sale .. so that should not be an issue.  I can almost guarantee that he is trying to hide/lie about income.  However if its a required relocation, they usually can still move forward with…"
Apr 24, 2013
jacqueline lee replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"I am getting one approved without it because it's a streamline short sale but you cannot get it approved if they require it. Ask your seller why? If they refuse because they didn't file taxes - they need to explain why. Call your…"
Apr 24, 2013
Makoto Sato replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"Maybe he makes too much and will not qualify for a short sale? But he's military and has his orders to relocate... scratching my head here..."
Apr 24, 2013
Makoto Sato replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"He doesn't say why. He just refuses to do so. Oh well. I'll just have to let him go into foreclosure... :("
Apr 24, 2013
Ann Howard replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"If they won't sign the 4506-T form then you should drop them as clients. The form is for verification of their tax return, I always get them to sign all documents the bank requires when I take a listing. Your clients should be thankful that you…"
Apr 24, 2013
Sheila Vardakis replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"I only begin my listings once I have ALL THE NECESSARY paperwork to get the short sale done.  All you can do is let him know the consequences and let the listing go if he still doesn't comply."
Apr 24, 2013
Rita Vermeersch replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"Seems like by refusing to sign 4506T, your client is raising his hand and saying 'I am hiding something'  Give him a choice, either sign or let him go! Bank of America required wet signatures on one of my transactions where we…"
Apr 24, 2013
Tara Samney replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"iI thought I saw in one of B of A's emails they don't accept electronic signatures.  i'm with Patrick - drop the client if he can not provide a requested form. They have to verify income.  If the problem is he…"
Apr 23, 2013
Esther M. Camarotte replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"No way getting around that 4506-T.   Why is the seller refusing to sign a 4506-T?"
Apr 23, 2013
Dean E Eshelman, CPA, CDPE, IRES replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"And his reason for not signing the 4506-T? Possibly is "I have not filed my tax returns?""
Apr 23, 2013
David A. Roebuck replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"Never had BofA reject electronic signatures but just had WF reject them on the Short Sale Affidavit (Arms Length). I have made it a practice to get the 4506-T and the Dodd Frank signed at the same time as the Listing Agreement -- I guess so I don…"
Apr 23, 2013
Patrick James replied to Makoto Sato's discussion HELP! Seller Refuses to sign 4506-T form in the group Bank of America Short Sales
"Sounds like its time to fire your client. Can't help people that don't want to help themselves."
Apr 23, 2013
Makoto Sato added a discussion to the group Bank of America Short Sales
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HELP! Seller Refuses to sign 4506-T form

Hey Gang!My seller refuses to sign the 4506-T tax form which I need to upload to Equator. We uploaded a blank form 4506-T into Equator but that was rejected.Has anyone here had an SS approved without this information?He is in the military and had been re-assigned to a different station and qualifies for Military HAP.They also rejected electronic signatures used by Docusign.com on all contracts, etc.ANY help on this is appreciated!-MakoSee More
Apr 23, 2013
Makoto Sato replied to Marcia Burgos's discussion BOA Co-Op Short Sale in the group Bank of America Short Sales
"Diana,   In your experience, what is the timeline on the approval from the marketing department once submitted for approval?   I've had one that's been submitted to them and an offer came in. I couldn't load into equator…"
Jun 28, 2012
Makoto Sato replied to Makoto Sato's discussion What is your recent experiences with BoA when it comes to Percent off of original loan value? in the group Bank of America Short Sales
"Thanks Gang! You guys Rock!"
Mar 14, 2012

Profile Information

First Name
Makoto
Last Name
Sato
Are you a...
Agent
State
Hawaii
City
Honolulu
My Profile
Makoto Sato is a realtor associate with iNet Realty in Honolulu, Hawaii and got his start in the real estate industry in 2001 by investing in Foreclosures with friends. “We would buy foreclosures at auction, fix and sell them using a realtor. My friends would always say to me, ‘you should get your license.’”

He is now licensed and is an agent and is helping buyers and sellers of residential property in Hawaii. Short Sales and distressed properties is his specialty.

Makoto Sato's Blog

Contest - What can be done to help make the Short Sale process run smoother?

Posted on January 6, 2010 at 8:45pm 0 Comments

What can be done to help make the Short Sale process run smoother?



Well... a couple of things:



Agents Seller and Buyer should set expectations of seller and buyer up-front that a short sale refers to the lender approving the seller's contract to sell their property for less than what's owed. It does not refer to any sort of time frame. Some short sales take longer than others.



Sellers should consult with an attorney up front as to the legal ramifications as… Continue

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