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VA Compromise Sales

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Latest Activity

Margaret C. Taylor replied to Kim Carlson's discussion 'Why would sellers Short Sale vs. Forelcosure if the bank can get a Deficiency Judgement?' in the group Bank of America Short Sales

Deed in Lieu with forgiveness of debt is another option that is being discussed according to an article in the Washington Post. It states that Lenders are targeting specific borrowers and inviting them, with an incentive, to pursue a Deed in Lieu wi…

June 29

Margaret C. Taylor joined Wendy Rulnick's group

VA Compromise Sales

Group devoted to discussions for Veterans Administration short sales, called Offers in Compromise.

June 24

Margaret C. Taylor replied to Cynthia Robbins's discussion 'Can the BOA come after a seller after you close and fund a short sale?' in the group Bank of America Short Sales

My understanding is that in the HAFA process the Realtor's commission is supposed to be protected but cannot be over 6% between Seller and Buyer's bokers. Again my understanding is that FHA, VA, Freddie Mac and Fannie Mae loans are not for the HAFA…

June 11

Margaret C. Taylor replied to Cynthia Robbins's discussion 'Can the BOA come after a seller after you close and fund a short sale?' in the group Bank of America Short Sales

According to the HAFA guidelines the Deficiency is forgiven with the HAFA process.

June 10

Kimberley Kelly commented on Margaret C. Taylor's blog post 'Listing an Under Water Home with No Hardship'

Don't get why you opened Escrow Evelyn, if the Demand letter conditions had not been negotiated in the Short Sale? In CA, I receive the Demand Letter, negotiate the terms/conditions with the Investors and ONLY IF my Buyer and Seller agree to the con…

June 7

Margaret C. Taylor commented on Margaret C. Taylor's blog post 'Listing an Under Water Home with No Hardship'

The 'stories' out there are amazing. We all have to be careful for our clients and ourselves.

June 6

Evelyn Santiago commented on Margaret C. Taylor's blog post 'Listing an Under Water Home with No Hardship'

In my MLS system we only need to announce if it's a short sale, foreclosure or court ordered liquidation. Anything else is confidential between you and your seller. Just price it correctly and don't expect the buyer to make up any short fall. I was…

June 6

Margaret C. Taylor replied to Anna Boyd's discussion 'Can we start a movement with Bank of America and replacing buyers?' in the group Bank of America Short Sales

WOW what fantastic information. However it still disturbs me that "money" will prevent the correct actions from occurring. Margaret C.

June 6

Margaret C. Taylor replied to Ute Ferdig's discussion 'What about the HAFA pre-approved price step?' in the group Bank of America Short Sales

I know this may sound strange but I seem to remember, from the original HAFA document that Freddie Mac is the one making sure Banks are doing what they signed up for with HAFA. You might see if you can find help there. Margaret C.

June 4

Margaret C. Taylor replied to Janine Margaret Nielsen's discussion 'B of A Short Sale Successfully Closed.' in the group Bank of America Short Sales

Congratulations Janine. It looks like you hung in there for your client and everyone was a winner. Margaret C.

June 1

Margaret C. Taylor replied to linda crystal bedolla's discussion 'What is attorney role in a short sale?' in the group Bank of America Short Sales

Surely this may be setting up your client for collection in the future. The Lender can sell the Deficiency Note for pennies on the dollar and a collection agent can start pursing your client.

May 24

Margaret C. Taylor commented on Margaret C. Taylor's blog post 'Listing an Under Water Home with No Hardship'

Thanks Kimberly, I did prep the seller that they may have to bring all, or some, of the debt to the table.

May 21

Kimberley Kelly commented on Margaret C. Taylor's blog post 'Listing an Under Water Home with No Hardship'

Short Sales can absolutely be done without hardships as Bryan commented. If I know it is going to be tough to get it approved, I ask my Seller BEFORE listing the property how much they are willing or able to put towards the second, or second AND fir…

May 21

Margaret C. Taylor commented on Margaret C. Taylor's blog post 'Listing an Under Water Home with No Hardship'

Thank you

May 19

Wendy Rulnick commented on Margaret C. Taylor's blog post 'Listing an Under Water Home with No Hardship'

Margaret - The first part of your question seems to be how to handle a listing if the seller can cover the entire difference of an upside-down sale. In that case, it is not a short sale, and would not be contingent on third-party approval. I don't s…

May 19

Margaret C. Taylor commented on Margaret C. Taylor's blog post 'Listing an Under Water Home with No Hardship'

Thanks again. It makes sense.

May 18

Profile Information

First Name

Margaret C

Last Name

Taylor

State

Maryland

City

Mechanicsville,Lexington Park,Great Mills,Lusby,California,Hollywood,Leonardtown

My Profile

My name and brand in the 'Real Estate' world is Margaret C. I have been a Real Estate Agent for one and a half years. I have the knowledge to help people during the sometimes stressful process of selling and buying a home. I also wanted the knowledge to help home owners in distress. I completed the CDRS certification, Certified Default Resource Specialist, with America's Home Rescue, an excellent training. More recently I completed the SFR, Short Sale and Foreclosure Resource Certification, with NAR. I believe I have the confidence and education to assist those facing a Short Sale or wanting to buy a Short Sale property. I want to be part of the solution.
I retired from the St Mary's County School System, MD, after 20 years of service as a Speech/Language Pathologist. Prior to this I lived and worked in WVa, Texas and England. I came to America with my American husband in 1970. I am a Christian wife, mother, grandmother, friend and Realtor.

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Margaret C. Taylor's Blog

Listing an Under Water Home with No Hardship

How do you list an under water home with no hardship. If the Seller is willing to bring the "difference" to the table does the Buyer have to be informed? Does this have to be "announced" in the MLS? I think there will be more of these transactions and I want to address them appropriately. Has anyone heard of the lender reducing the debt when there is no hardship?

Posted on May 18, 2010 at 3:21pm — 11 Comments

CHANGES IN CHASE'S SHORT SALE PROCEDURE

CHANGES IN CHASE'S SHORT SALE PROCEDURE

I just learned that Chase has a new division, List Assist, dedicated to streamining the short sale process and answering questions from customers and realtors!!

Here are two changes, similar to the FHA short sale program:

In this process BPO's will be ordered up front and guidance provided on the sale price!

DO NOT WAIT FOR THE BUYER. Submit a complet

… Continue

Posted on May 1, 2010 at 3:00pm — 3 Comments

WHY DO I WANT TO DO SHORT SALES?

I want to be SUCCESSFUL at Short Sales because I WANT TO BE PART OF THE SOLUTION for all of us: distressed home owners, neighborhoods and the economy.

Short Sales are less detrimental to everyone.

Both Sellers, and Buyers, need Real Estate Agents educated in the Short Sale process, trial and error experiences are not enough. We must understand the expectations of the Lenders and meet them.

Sellers need to know there is another solution, other than foreclosure. They need to know… Continue

Posted on January 7, 2010 at 11:46am —

What Makes a Successful Short Sale?

WHAT MAKES A SUCCESSFUL SHORT SALE?

I asked this question on a couple of other group sites. I was surprised at some of the comments and so I am interested in the responses on this site. Maybe the same people are here.

As a new Realtor with some specific training in Short Sales I am curious why the word 'offer' is used interchangeably with the word contract. Please help my understanding. Once an offer is accepted it is a contract and there can only be one contract on a property. Do you agree?… Continue

Posted on December 31, 2009 at 11:43pm — 4 Comments