Russ Trinidad
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  • Honolulu, HI
  • United States
  • Hawaii
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Russ Trinidad's Discussions

1099 Investor HAFA short sale May 2013 with OCWEN - Please help.

Started this discussion. Last reply by Brian Avery Jan 30, 2014. 1 Reply

I closed an Investor HAFA short sale May 2013 with OCWEN. It was approved HAFA because the seller is a retired Military Vet. The sellers just received a 1099 for $100k for the principal short amount.…Continue

Tags: mortgage, debt, canceled, for, Tax

Duel Tracking - Nationwide?

Started this discussion. Last reply by Ron Scribner Jun 27, 2013. 2 Replies

Hi, this might be a silly question but is the New Duel Tracking (Homeowner’s bill of rights) law Nationwide or just in CA? Do you know if it applies only once you have a short  sale or modification…Continue

BOA normal approved closing fee’s.

Started this discussion. Last reply by Russ Trinidad May 13, 2013. 6 Replies

Hi im getting ready to start a BOA short sale. This property has 3 owners on title and 1 of which is deceased. Title was held as Joint Tenants. My question is does anyone know if BOA will pay for the…Continue

Out of state investor HAFA eligible? Why?

Started this discussion. Last reply by TOP END Properties Feb 27, 2013. 3 Replies

Hi I have an out of state investor that might get HAFA approval. I really don’t know the benefits of a non-owner occupied seller going HAFA. Please help.Continue

 

Russ Trinidad's Page

Latest Activity

Russ Trinidad commented on Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
"Dimitri, I am currently going through a similar experience with SPS. In May 2017 I submitted a complete file. I call every 3 days to get status and never speak to the same person. A transaction manager is assigned to the file but is not anymore…"
Aug 8
Russ Trinidad replied to Russ Trinidad's discussion Short sale after the association foreclosed on the property. in the group Green Tree Servicing
"Thank you for your quick and informative response. Ill go for it."
Jun 5, 2015
Rosa Gomes replied to Russ Trinidad's discussion Short sale after the association foreclosed on the property. in the group Green Tree Servicing
"Russ, You certainly can do it. I have done 3 here in Hawaii: BoA,Greentree & OCWEN. The association can grant you permission. I presented the request as a complete package before the board and the attorneys, even got a reduction of past…"
Jun 5, 2015
Russ Trinidad added a discussion to the group Green Tree Servicing
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Short sale after the association foreclosed on the property.

Does anyone know if this is possible? The property is a townhouse in Hawaii. The association foreclosed on nonpayment of maintenance fees. It’s a fannie mae owned loan and serviced by green tree. Green Tree indicated that they are willing to continue on the short sale Does anyone know if I can still do a short sale on this property? Thanks for your help!See More
Jun 4, 2015
Russ Trinidad joined Wendy Rulnick's group
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Green Tree Servicing

All about Green Tree short sales.See More
Jun 4, 2015
Russ Trinidad replied to CHEREDA MILLER's discussion Bank Of America Declining Files in the group Bank of America Short Sales
"Hi Brenda, Great Information Thank you!! Russ Trinidad Pacific Realty Ventures Honolulu"
Jan 16, 2015
Brett Goldsmith replied to Russ Trinidad's discussion BoA 2nd mortgage. Whats the best steps for success? in the group Bank of America Short Sales
"Put it in equator and start pushing it through. If it is a HELOC the package will need to be faxed in. BOA will participate depending on their position. Is the 2nd in default? Let me know if you need anything at…"
Jan 5, 2015
Russ Trinidad added a discussion to the group Bank of America Short Sales
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BoA 2nd mortgage. Whats the best steps for success?

I have a SS with a Nationstar 1st and just found out that there is a BoA 2nd. What would be the best procedure to have BoA participate in the SS? I guess im asking how would you move forward with both lenders to get the approval from both lenders. Thanks in advance for your help!See More
Dec 18, 2014
Russ Trinidad joined Wendy Rulnick's group
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Bank of America Short Sales

This group is for information, tips and solutions for Bank of America Short Sales.  See More
Dec 18, 2014
Russ Trinidad joined Suzanne McLaughlin's group
Nov 21, 2014
Bryant Tutas liked Russ Trinidad's discussion 1099 Investor HAFA short sale May 2013 with OCWEN - Please help.
Jan 31, 2014
Russ Trinidad posted a discussion

1099 Investor HAFA short sale May 2013 with OCWEN - Please help.

I closed an Investor HAFA short sale May 2013 with OCWEN. It was approved HAFA because the seller is a retired Military Vet. The sellers just received a 1099 for $100k for the principal short amount. I thought 2013 had Tax relief for canceled mortgage debt? Please help.See More
Jan 30, 2014
Tamara Herz commented on Russ Trinidad's blog post Auction has completed. Can I still sell the property in a short sale?
"Its too late...sorry"
Aug 15, 2013
Jeff Payne commented on Russ Trinidad's blog post Auction has completed. Can I still sell the property in a short sale?
"It depends on your State Laws.  In Florida, the clerk files the clerks deed (foreclosure deed) within 10 days of the auction.  30-45 days does not seem like alot of time"
Aug 15, 2013
Russ Trinidad posted a blog post

Auction has completed. Can I still sell the property in a short sale?

The auction completed yesterday (8/13/2013) and the bank (BOA) was the only bidder. The commissioner said it will take 30-45 day’s for the sell confirmation hearing.   Does anyone know if I can still initiate the property for short sale in equator or do I chalk this one up as a loss? Thanks in advance for your comments.See More
Aug 14, 2013
Alexis Adams commented on Russ Trinidad's blog post BOA Escalation Help! Auction is 8/23/2013.
"I have worked with Carlton Smith at REDC before. One this about REDC is that they do NOT abide by any time frames set forth by Bank of America. They basically do as they please. That being said, I would definitely take the advice given by Kevin…"
Aug 13, 2013

Profile Information

First Name
Russ
Last Name
Trinidad
Are you a...
Agent
State
Hawaii
City
Honolulu
My Profile
Prior to starting Pacific Realty Ventures Russ was in the Computer field. He worked as a Network Analyst Supervisor for 10 years.

Russ has been in the Real Estate and Lending industry since 1990 years now and brings an abundance of experience to the industry. He is a Certified Distressed Property Expert (CDPE) and Broker Price Opinion Resource (BPOR).

Russ enjoys all types of sports and is involved with many sports activities such as, racquet ball, beach volleyball, surfing, sky diving, bungee jumping, paint ball, river rafting, snowboarding, and mountain biking. Russ is also very family oriented and spends most of his time with two children and wife when he is not at work.

Russ Trinidad's Blog

Auction has completed. Can I still sell the property in a short sale?

Posted on August 14, 2013 at 6:05pm 2 Comments

The auction completed yesterday (8/13/2013) and the bank (BOA) was the only bidder. The commissioner said it will take 30-45 day’s for the sell confirmation hearing.  

 

Does anyone know if I can still initiate the property for short sale in equator or do I chalk this one up as a loss?

 

Thanks in advance for your comments.

BOA Escalation Help! Auction is 8/23/2013.

Posted on August 9, 2013 at 3:35pm 3 Comments

Escalation help!

I have a Bank of America short sale that I initiated and uploaded the offer in Equator on 7/20/13. It is in “Held under Review” status. The commissioner told me that the auction is moving forward on 8/23/13 because it is not in “Closing Status” in equator. The Asset Manager assigned is Carlton Smith with REDC. I have tried to escalate to Short Sale Customer Service but they said that the Negotiator needs to push the offer through. I do not get any response from the…

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