Robert A. Carrino
  • Male
  • Marietta, GA
  • United States
  • Georgia
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Robert A. Carrino's Discussions

Investor says short sale no longer feasible??

Started this discussion. Last reply by Brett Goldsmith Aug 25, 2016. 1 Reply

Anyone see this? Suggestions?Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a…Continue

FHA Buyer Contribution to Liens

Started this discussion. Last reply by Robert A. Carrino Dec 10, 2012. 6 Replies

Need a fresh set of eyes on a CHASE FHA. 12k in Credit card liens of which I was able to get concessions down to 8k (no more room from CC companies) I have a seller willing to pay the 8K in liens and…Continue

Ignoring the basic facts

Started this discussion. Last reply by Brent Innocenzi Aug 24, 2011. 5 Replies

I have a short sale I am working through Wells/ASC.  Initially there was an inflated BPO of 470k on a property that comps in the mid 200s.  The house is vacant and in a tremendous state of…Continue

Fed Tax Lien

Started this discussion. Last reply by Melissa Polce Apr 13, 2012. 10 Replies

Can someone point me in a direction on working through an IRS lien on my Wells SS?  First time I have encountered and I need to make sure this is worth the investment of my time.Continue

 

Robert A. Carrino's Page

Latest Activity

Brett Goldsmith replied to Robert A. Carrino's discussion Investor says short sale no longer feasible??
"I've seen it only a few times. Keep digging on who the investor is. A short pay is a short sale, so that note makes no sense to me. How delinquent is the borrower on the note? Brett@ishortsalenow.com 310-564-6389 www.ishortsalenow.com"
Aug 25, 2016
Robert A. Carrino posted a discussion

Investor says short sale no longer feasible??

Anyone see this? Suggestions?Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a short sale and the available options are Deed-in Lieu , SPS modification and Repayment Plan. She said there is nothing that SPS can do to lift the restriction. And so I asked for the name of the investor on the file and she said she will send in a request for the investors name to be sent through fax. I…See More
Aug 25, 2016
Robert A. Carrino posted a blog post

Investor says Short Sale is No longer an option...

Anyone see this? Suggestions?Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a short sale and the available options are Deed-in Lieu , SPS modification and Repayment Plan. She said there is nothing that SPS can do to lift the restriction. And so I asked for the name of the investor on the file and she said she will send in a request for the investors name to be sent through fax. I…See More
Aug 25, 2016
Robert A. Carrino shared Ben Benita's blog post on Facebook
Apr 8, 2014
Robert A. Carrino replied to Denise Sipple's discussion Citi said "not allowed to talk to Authorized 3rd parties anymore for GA loans" in the group Citi Bank
"They told us they are requiring a Power of attorney to work with them on short sales yet they cant even point us to a form they will approve.  Anyone have an Approved CITI POA?"
Jul 22, 2013
Robert A. Carrino replied to Robert A. Carrino's discussion FHA Buyer Contribution to Liens
"Kevin, got tied up last week.  Can we talk today about how to handle buyer contributions to this FHA deal?  NET is clearly met for tier 1 FHA NET"
Dec 10, 2012
Kevin - Greenville, SC replied to Robert A. Carrino's discussion FHA Buyer Contribution to Liens
Dec 4, 2012
Robert A. Carrino replied to Robert A. Carrino's discussion FHA Buyer Contribution to Liens
"You the man Bryant.  thanks as always!"
Dec 4, 2012
Bryant Tutas replied to Robert A. Carrino's discussion FHA Buyer Contribution to Liens
"The buyer and/or seller can pay as an expense or POC item on their side of the HUD. You can't raise the price to cover the costs. Any time you raise the price the lender will want the money. Even easier since this is a cash deal since RESPA…"
Dec 4, 2012
Robert A. Carrino replied to Robert A. Carrino's discussion FHA Buyer Contribution to Liens
"I was thinking that but how do you get them to agree to this?  Put monies in an escrow account to be paid after closing thus releasing at that point?  Buyer is paying cash so this possibility exissts for sure.  I just dont have the…"
Dec 4, 2012
Robert A. Carrino posted a discussion

FHA Buyer Contribution to Liens

Need a fresh set of eyes on a CHASE FHA. 12k in Credit card liens of which I was able to get concessions down to 8k (no more room from CC companies) I have a seller willing to pay the 8K in liens and still hit the FHA NET of 81k yet FHA only allows $1,500 and $1,000 seller incentive toward liens. Buyer is willing to pay more to get rid of liens and provide a higher net to CHASE/FHA however CHASE wants every penny of the extra and only allows the total of $2,500 toward the liens. Not enough room…See More
Dec 4, 2012
Robert A. Carrino replied to Drew Ludlow's discussion Chase - 'Not a penny less'
"I agree with Jeff. I have done 6 with CHASE in the last 2 months and 90% of FMV/BPO has been par for the course. Not had one hold fast to BPO value. I did have my first counter on a mortgage balance of 560 come in at 950K......happened on Friday.…"
Aug 5, 2012
Robert A. Carrino posted a status
"Way to go BOA. Well done. No PR move. Just classy. Thanks!"
Jun 29, 2012
Robert A. Carrino posted a status
"Just had the pleasure of meeting one of our wounded warriors, sergeant Daniel Lister of GA. BOA just sold gave he and his family a new home"
Jun 29, 2012
Thomas Zdanowicz replied to Robert A. Carrino's discussion Purchase note Directly from Servicer/Investor
"Jeff, I see this post you made last year.  I am interested in hearing your experience with this because I have been approached by such a company and wanted to hear your thoughts.  Sounds great but I was hoping for some feedback, thanks."
May 23, 2012
Robert A. Carrino posted a status
"I have to sign an affidavit for everything. How about an arms length 4 REO agents that do BPOs? 10X the conflict that exists anywhere else."
May 7, 2012

Profile Information

First Name
Robert
Last Name
Carrino
Are you a...
Agent
State
Georgia
City
Marietta

Robert A. Carrino's Blog

Investor says Short Sale is No longer an option...

Posted on August 25, 2016 at 8:20am 0 Comments

Anyone see this? Suggestions?

Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a short sale and the available options are Deed-in Lieu , SPS modification and Repayment Plan. She said there is nothing that SPS can do to lift the restriction. And so I asked for the name of the investor on the file and she said she will send in a request for the investors name to be sent…

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