Mike Horton
  • Male
  • Surprise, AZ
  • United States
  • Arizona
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Mike Horton's Discussions

The Arizona Short Sale Addendum to the purchase contract must be changed

Started Sep 26, 2010 0 Replies

In Arizona our state association (Arizona Association of Realtors; AAR) has strived to generate standard contract forms that provide consistency to business of buying and selling real estate. When…Continue

Tags: sale, short, addendum, home, distressed

 

Mike Horton's Page

Latest Activity

Mike Horton commented on Suzanne McLaughlin's group NationStar Mortgage
"I have just gone through the homesearch.com auction process as the listing agent. A buyer's bid was accepted. Right after the contracts were signed I sent the buyer the SS affidvate Nationstar requires him to sign. When following up this week…"
Dec 16, 2014
Mike Horton replied to Debbie Heaton's discussion Nationstar New Policy all Private Investor Own Loans are required to use AUCTION.com in the group NationStar Mortgage
"I currently have a short sale with Nationstar. We went through 2 auction periods with Auction.com and did not meet the reserve level. After the 2rd auction.com attempt, I provided an offer through equator for consideration. The asset manager said…"
Aug 19, 2014
Mike Horton joined Suzanne McLaughlin's group
Aug 19, 2014
Mike Horton joined Jason Yacoub's group
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M&T Bank

M&T Bank  Short Sale Home Assistance deptseller must call 800-724-1633 for financial interview for House hold income and expenses Fax third party authorization first to 716-848-3748See More
Jul 18, 2014
Mike Horton replied to Kieran Jackson's discussion Third party negotiators and Nationstar
"Nationstar has a specific list of items that will need to be provided by the owner. They will also require you go through a auction process to find a buyer. If you already have an offer on the property or if the initial auction process does not…"
Jul 18, 2014
Mike Horton replied to Valerie Hernandez's discussion Chase will not resubmit the file for approval in the group Chase
"How is the buyer out any money? Would not the contract be cancel-able since there is a short sale contingency and earnest money would be returned with no lien holder approval? Or are you talking about time lost by the buyer?"
Jul 14, 2014
Mike Horton commented on Wendy Rulnick's group Chase
"The tax liens I have to deal with are mostly property which I should of stated upfront. This often happens with short sales where the taxes were paid as a part of the owners PITI payment and payments are not made. Well, like I said I don't…"
Jun 2, 2014
Mike Horton commented on Wendy Rulnick's group Chase
"I don't know about Georgia, but in Arizona the tax lien is sold to an individual who holds the lien based on an auction that paid the lien back. The owner of the lien is an individual who is racking up the interest rate that was a part of the…"
Jun 2, 2014
Mike Horton joined Wendy Rulnick's group
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Green Tree Servicing

All about Green Tree short sales.See More
Jun 2, 2014
Mike Horton commented on Wendy Rulnick's group Wells Fargo Short Sales
"In previous deals where this has happened I have had the seller negotiate with the 2nd and receive a lien release from the 2nd thereby removing the issue with the first prior to close of escrow. This of course means the seller is paying everything…"
Jan 11, 2013
Mike Horton replied to Julian Jahoo CDPE, SFR, ABR's discussion Chase investor reduces seller closing costs on the day of closing... in the group Chase
"I would suggest that you did not have "full approval" but I could be wrong. Full approval would be where Chase has sent you and your seller a letter that states the terms of acceptance which is in effect a contract between the seller…"
Jan 5, 2013
Mike Horton replied to Leslie Kunkel's discussion Seller Bankruptcy with House included in the group Chase
"In every case that I have worked with Bankruptcies, as soon as they have been discharge the lien holders refile for foreclosure proceedings. The owners I have worked with received the notice of foreclosure proceedings after 30 days deliquency of the…"
Dec 4, 2012
Mike Horton joined Stephanie Lim's group
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Indymac

Information on Indymac short sales. Tips, tricks, etc.See More
Oct 15, 2012
Mike Horton replied to Jay Nealy's discussion Need Advice on Short Sale Situation QUICKLY - Last Minute Notification of Denied Seller Assist - Municipal Employees Credit Union NY
"Wow, this deal is so bad on so many levels it hurts just to read about it. But ultimately, the listing agent has the biggest problem in my opinion. He has lost control of the deal and maybe not intentionally, but has abandoned his responsiblity to…"
Sep 30, 2012
Mike Horton replied to hay.molly's discussion Buyer asking Short Sale Seller to waive their 1,000 incentive Compensation in the group FHA - HUD Short Sales
"Since the agreement between the seller and Freddie is not a part of the purchase contract, the listing agent should inform the buyers agent that this has nothing to do with the purchase contract.  In some states sharing the agreement…"
Sep 25, 2012
Mike Horton commented on Stephanie Lim's group FHA - HUD Short Sales
"Kevin, I agree it is just the borrowers where they have separate accounts. However, all joint accounts must also be disclosed."
Sep 19, 2012

Profile Information

First Name
Mike
Last Name
Horton
State
Arizona
City
Surprise
My Profile
Short sale specialist, 6 years in real estate, multi-million dollar producer, carry 20+ properties in list inventory, student of real estate

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