Minna Reid
  • Female
  • Woodbridge, CT
  • United States
  • CT
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Minna Reid's Discussions

HAS THIS HAPPENED TO YOU?

Started this discussion. Last reply by Minna Reid Mar 19. 4 Replies

Working a short that was recently transferred to Planet Home from BOA. Planet Home asks me today to convince my short seller to give up on short sale and do a deed in lieu...and then they would fix…Continue

BOA pushing HAFA down clients throat

Started Jan 9, 2012 0 Replies

Is it just me or is BofA absolutely ridiculuous in pushing HAFA. They make the customer call in and give them the "HAFA is the BEST program" sales pitch which apparently everyone gets ( whether they…Continue

Bank of America Decline for "High negative mitigation"

Started this discussion. Last reply by Minna Reid Nov 29, 2010. 4 Replies

Please help me understand this decline - as its a new one and makes no sense.I started a short sale several weeks back with First Franklin. Halfway through the short sale the loan gets sold to Bank…Continue

Tags: high, negative, mitigation, sale, short

 

Minna Reid's Page

Latest Activity

Minna Reid replied to Minna Reid's discussion HAS THIS HAPPENED TO YOU?
"Interesting. Planet Home just bought this loan. They also refuse to order an interior valuation, they have no counter, and simply keep repeating their response of "we want more" to the contract in hand, which the buyer has already…"
Mar 19
Minna Reid replied to Minna Reid's discussion HAS THIS HAPPENED TO YOU?
"I wasn't implying it was wrong, just very unusual. And yes it was "convince your seller" type situation ...which was even more weird."
Mar 19
Smitty replied to Minna Reid's discussion HAS THIS HAPPENED TO YOU?
"Yes.  Had it happen with a Rushmore serviced loan where I spoke to investor and bypassed Rushmore and they said the plan was to just get a DIL or FC because they were sending out builder to renovate and get the profit.  Interestingly this…"
Mar 18
Brett Goldsmith replied to Minna Reid's discussion HAS THIS HAPPENED TO YOU?
"I've had this suggested to me a few times, but it was never a "convince" your seller. My experience with Planet Home Lending is limited, but I do recall at least one transaction with them that they put me through the ringer and were…"
Mar 1
Minna Reid posted a discussion

HAS THIS HAPPENED TO YOU?

Working a short that was recently transferred to Planet Home from BOA. Planet Home asks me today to convince my short seller to give up on short sale and do a deed in lieu...and then they would fix up the house to resell and still keep me on as agent. I found this incredibly odd. First of all, I have ZERO interest in entering into such a huge conflict of interest situation, or being an REO agent. My interest is with completing the sale for my sellers...we are tail end here. I plan to push back…See More
Feb 28
Minna Reid replied to Edily Garcia's discussion Short Sale with a Home Equity line as a second lien holder
"Who is actually recorded on title in first lien position? What are the balances owed to Wells and BOA (roughly) and how much is the home selling for?"
Sep 26, 2018
Minna Reid joined Stephanie Lim's group
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FHA - HUD Short Sales

HUD rules for FHA short sales, tips, experiences, etc.Fax LOA:  918-236-3274PH 877 622-8525See More
Sep 12, 2018
Minna Reid replied to Bill Garrett's discussion QUICKEN
"The paperwork depends on the investor. Quicken will supply the proper packet. Quicken is usually a breeze to work with, though lately they have slowed down some. "
Sep 12, 2018
Minna Reid replied to Pat Hood's discussion Can the IRS $500,000 allowable net proceeds for a married couple from primary residence be used to offset 1099C income from a short sale?
"That tax exclusion is currently expired. They may or may not renew it again for 2018, but odds are we wont know until 2019. I am not a CPA, but I have seen some CPA's use that same capital gains exclusion methodology to apply it - primary…"
Sep 12, 2018
Minna Reid liked Wendy Rulnick's group Wells Fargo Short Sales
Jan 28, 2018
Minna Reid replied to Tony Morales's discussion New CFPB Guidelines for Short Sales in the group Chase
"Cool thanks....I can see how that could be "open to interpretation"...sigh..."
Oct 31, 2017
Minna Reid replied to Tony Morales's discussion New CFPB Guidelines for Short Sales in the group Chase
"Could anyone share a link to these new CFPB guidelines?"
Oct 31, 2017
Minna Reid replied to Alexis Adams's discussion CFPB Regulation - Waterfall Process
"I haven't heard this on any of my files...however the waterfall program is specific to FHA. As far as I know Fannie and Freddie have not made any changes to their SS guidelines."
Oct 18, 2017
Minna Reid liked Wendy Rulnick's group Short Sale Referrals
Sep 18, 2017

Profile Information

First Name
Minna
Last Name
Reid
Are you a...
Agent
State
CT
City
Woodbridge
My Profile
Broker-Owner Reid Real Estate Group
www.reidrealestategroup.com

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