"Wells Fargo will work the file outside of Equator if a Foreclosure Sale Date is around 30 days out."
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Melissa Polce
- Female
- Charlotte, NC
- United States
- North Carolina
- Blog Posts (3)
- Discussions (76)
- Groups (28)
Melissa Polce's Groups
Melissa Polce's Discussions
Banks Starting To Assign Short Sales Directly to Brokerage Firms?
Started this discussion. Last reply by Steve Trang Apr 17, 2011. 86 Replies 0 Likes
Hearing through the RE Grape Vine, these are coming...we were sent a review from Citi in conjunction with Keller Williams that they were partnering on Short Sale/delinquent homeowners...heard also…Continue
Bank Of America
Started this discussion. Last reply by Jeff Payne Nov 9, 2009. 1 Reply 0 Likes
Anyone know a good system for them? They say to my seller...your just 1 in a stack of hundreds...but with the sheer number of Short Sale offers that they must have, they could probably get alot off…Continue
Melissa Polce's Page
Latest Activity
Kevin - Greenville, SC replied to Melissa Polce's discussion 6:00 FRIDAY, FC HAS BEEN POSTPONED: Cash Offer, Equator kicked me out at 15 days to start b4 Foreclosure... in the group Wells Fargo Short Sales"hey jonathan...
30-45 days, no other way, they MAY expedite it if seller goes to the local office in person or even maybe Raleigh office, but doubt, ....have them ask what stage its in, and where its being processed.
good luck, did…"
"appreciate that...already went that route, they took it out of the system!"
John Treadwell replied to Melissa Polce's discussion Cash Offer, Equator kicked me out at 15 days to start b4 Foreclosure...NEED POSTPONEMENT HELP in the group Wells Fargo Short Sales"I always have a hard time with Wells Fargo lately, I have heard that going to the local branch office and getting a banker to help move the file has worked for other ,I have not yet try it."
Cash Offer, Equator kicked me out at 15 days to start b4 Foreclosure...NEED POSTPONEMENT HELP
THANK YOU ALL FOR THE CALLS AND SUGGESTIONS...AS OF 6PM, FC HAS BEEN POSTPONED, NEGOTIATOR ASSIGNED, ...AND NO EQUATOR...THANK YOU, WILL LET YOU KNOW IF WE GET TO CLOSE :D No bones about it...MY SELLER HANDICAPPED me the day he did not follow my specific instructions(helping short sale sellers is why I have decided not to have children....for those of us who do SS's...you know what I mean....)...that being said, FC is 4/19, Faxed in documents to 5 different fax lines, cash offer, conventional…See More
"The WF HELOC division may be the easiest short sale dept. ever worked with, fast, easy, approachable...if I could take them all day long, I would be a happy girl! Good luck!"
"Looking around for a piece of wood to knock on for what I am about to say, I have had nothing but good short sales with Ocwen, love that they allow me to email the package, love the quickness I have had...except, you really need to be assertive…"
"Your SELLER must call in and get it removed(I would tell my seller not only to call in to ASC LM, but also call in through the loan mod number they were given, and also any other # they may have). Its the only way...let the seller know he/she must…"
joe beauchamp replied to Melissa Polce's discussion BofA Investor Property Short Sales in the group Bank of America Short Sales"Who is the investor? It is the investor, not the servicer (BOA) who sets the guidelines.
Ginny Mae will not do a short sale for an investor. Their mortgages spell out that it is for residence only. I had one denied because the owner moved out…"
Smitty replied to Melissa Polce's discussion BofA Investor Property Short Sales in the group Bank of America Short Sales"Melissa who did you talk to? I dont even talk to the bank until I have an offer in hand. You can call one person one day and get one answer and call another answer another day and get something totally different."
"Thanks...chalk another listing up for the kid, I am calling him now...A Beer for Ben! Thanks"
Ben Racela replied to Melissa Polce's discussion BofA Investor Property Short Sales in the group Bank of America Short Sales"Hi Melissa,
I have not heard of that from any lender and believe it to be incorrect information from the lender."
BofA Investor Property Short Sales
I have a possible short sale going up for sale with an investor. Property is currently rented for the next 3 months and investor is not behind but is losing money on the home. He was told he cannot do a short sale because he is an investor....I HAVE NEVER HEARD THIS AND HAVE LISTED AND SOLD SHORTS FOR INVESTORS...HELP....Anyone have insight on this or has he just heard bad information...again, I have listed/sold shorts for investors prior to today, but I do not want any surprises when we get…See More
"Cheers! Servicing Charlotte, NC and the surrounding Counties, Iredell, Catawba, Union, Lincoln, Cabarrus and Northern part of SC...Love what we do, even the messiest of short sales can't scare our team! Focusing on helping…"
Profile Information
- First Name
- Melissa
- Last Name
- Polce
- Are you a......
- Agent
- State
- North Carolina
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- Charlotte, Mooresville, Denver, Waxhaw, Concord, Huntersville, Cornelius, Davidson
- My Profile
- Having completed my first Short Sale in 1999, I never knew that transaction would come in handy all these years later...my motto; the messy-er the Short Sale, the more I like 'em! Serving Charlotte, NC & the surrounding Counties. Please call me & TheShortSaleAgents team...we can help!
Melissa Polce's Blog
Distressed Properties Class: Listing Short Sales: Mindsets and The Short Sale Process w/Melissa Polce
Posted on April 28, 2010 at 9:09am 0 Comments 0 Likes
Distressed Properties: Listing Short Sales: Mindsets and The Short Sale Process w/Melissa Polce
Wednesday, April 28, 2010
1:00 PM to 3:30 PM EDT
Training Room, Cornelius
Chapters 5 & 6 from the Distressed Properties Handbook:
Listing Short Sales course materials will be covered.
You will learn:
* Know lenders' and Asset Managers mindsets and motivation: Understand where the ultimate sellers are coming from--why they do what they do and… Continue
Wednesday, April 28, 2010
1:00 PM to 3:30 PM EDT
Training Room, Cornelius
Chapters 5 & 6 from the Distressed Properties Handbook:
Listing Short Sales course materials will be covered.
You will learn:
* Know lenders' and Asset Managers mindsets and motivation: Understand where the ultimate sellers are coming from--why they do what they do and… Continue
The Short Sale Facts & Information
Posted on January 11, 2010 at 2:05pm 1 Comment 0 Likes
SHORT SALE FACTS!
Why would my Lender want to allow a Short Sale to help me? The reason is simple; a short sale often has a better return on investment to the lender than a foreclosure. The average savings a lender sees from a short sale property compared with a foreclosure property is $14,000. Not only does the lender receive this savings, they are also paid on the loan 6 months earlier than in the foreclosure process. This allows them to collect and… Continue
Why would my Lender want to allow a Short Sale to help me? The reason is simple; a short sale often has a better return on investment to the lender than a foreclosure. The average savings a lender sees from a short sale property compared with a foreclosure property is $14,000. Not only does the lender receive this savings, they are also paid on the loan 6 months earlier than in the foreclosure process. This allows them to collect and… Continue
Reo Trans for Short Sales?
Posted on November 16, 2009 at 2:32pm 3 Comments 0 Likes
Need direction...have a Bank of America Short Sale in process and they called me...Good Right? Well...they gave me the website REOTrans.com to sign in as an agent...all well and good but it does not link me with my current offer...mind you I am the listing agent on the Short Sale...it did however give me access and let me list it on the site, I have offers in on the property and want to get this baby off my books....anyone have any calls on BofA properties, specifically Short… Continue
Comment Wall (3 comments)
- At 9:35pm on March 31, 2010,
Donna Perry said…
- Thanks, Melisssa. It wasn't easy. I now have a new offer and we'll see where it goes.
For now it's cancelled. Seems to take an Act of Congress to get anything done with BOA.
I am wondering if it's getting better for anyone else. I'm over a year now with this short sale.
Third offer at much less money.........
r
- At 3:00pm on January 13, 2010,
Debe Maxwell said… - Silly girl! It's none of the ones that ACTUALLY do short sales--this guy's just blowing smoke!!! Thanks for the connect--I didn't even realize that we weren't connected here!
- At 12:05pm on November 9, 2009,
Melissa Polce said…
- Short Sale Expert, Serving Charlotte, Mecklenburg, Lake Norman, Ballantyne, Iredell, Catawaba,Union, Cabarrus, & Lincoln Counties. Please email me for information!
mjpolce@kw.com
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