Providing you with the knowledge and tools needed to succeed with Short Sales.
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Patti Berube
- Female
- Kent, WA
- United States
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Patti Berube's Groups
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Bank of America Short Sa…
841 members
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Wells Fargo Short Sales
422 members
Patti Berube's Page
Latest Activity
Hi Patti,
I had a transaction where BOA was 1st and a local credit union was 2nd. $3000.00 was offered to the second on a 50,000 amount. The second came back and wanted 10,000, I pushed for 12,000 from Bank of America, and offered 5,000 to the secon…
BOA is strange indeed. It's definitely a battle.
yep - but you have funky different people at BofA. Some require it as POC (paid outside of closing) so no numbers need show up, others, as mentioned, want other things on the buyer's side (we had issues with the buyer's loan company on that one). Bo…
Hi. I have had no problem with B of a...regarding buyer contribution to 2nd td. Just make sure it is on the buyers side of the HUD, and not a credit on the sellers side. I just closed one where the buyer contributed $12,000. Good Luck!
I am or was (still not sure) working on a short sale where BOA would only give GMAC $3000. GMAC was also charged off and wants $13k. BOA would not budge. So, yes the money will have to come from somewhere else. Joe, if the buyer contributes towards…
Another item, if you know how bill collectors work, lying, psychological pressures, etc., then you are in a better position to deal with these 2nd's. They frequently will delay before their demands. Why? Let's see, it is 4 days before your closing,…
Oh man - these banks are SOOOO short sighted. I just got off the phone with the second and he's come down a bit on what he said he had to have, but we're still about $1800 apart. I've thrown in $750 and the other agent $500 - but I suspect we'll nee…
It's rare. I can't recall if I ever got BofA to pay out more to a 2nd than the investor guidelines - I think so but that would have been one where they were considerable over their net. That isn't exactly your question, but your question leads nowhe…
Hi folks, I'm working a short sale where BofA has the first and CitiFinancial has the second thru a collection type company AIC Corp. I've confirmed AIC is working for CitiFinancial and originally they told me 7-10% of the total would work which wo…
Hi Candace, this is SOOOO frustrating I know! The 2nd's are getting wise to the fact that we as realtors are trying to make a living & know that they're standing in the way of putting the whole deal together for buyer/seller/bank & them!
My new list…
Hi Joan - how did it go with the getting a resolution on the 2nd? I have a first with BofA, but my 2nd is with CitiFinancial & they've sent it over to Allied International Credit - and I was talking with him fine, and gave him an offer (that wasn't…
Hi George, have you had any luck on your end? I have this same situation. I've talked with CitiFinancial & they've said they charged it off. But I have this Debt Collection agency AIC Corp that is telling me I need 10% as well. BofA is saying $3,000…
Hi Ben & Melissa I too have this problem. I have the first w/BofA and I've got my SS approval letter from them ok'ing $3,000 to go to the 2nd. I'm working with AIC Corp because when I called Citifinancial they told me they charged off the 2nd almost…
All things Citi... short sale help here!
Patti - I had this couple months ago where my seller cousin filed for bankruptcy and case was closed or dismiss. I signed up for a pacer account, got a password in the mail and was able to print the BK closing from the website to forward to Title Ag…
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- First Name
- Patti
- Last Name
- Berube
- State
- WA
- City
- Puyallup
- My Profile
- Hi I'm an agent who is just starting to work on her own short sales. Out here in Washington State some of the more higher end homes are just starting to default as I think they were waiting for things to turn around & it just wasn't fast enough.
- How did you hear about Short Sale Superstars?
- Another agent.
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Comment Wall (1 comment)
- At 12:34am on July 26, 2010,
Ben Benita said… - you mentioned something about helping me with my suggestions...love to get any feedback, good or bad....BBenita@comcast.net
ShortSaleSuperStar Products
Discussion Forum
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Equator say Reviewing but Rep says it's foreclosing?? Advice please.
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...Every file going through HAFA really feels like a delay tactic!
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PLease HELP! I have BOA FHA SHORT SALE, I need upper management Contact # ASAP! 5 Replies
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BOA FHA Short Sale
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