Sam Purtle
  • Oregon
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Sam Purtle's Page

Latest Activity

Sam Purtle replied to Victoria Mottoros Gonzalez's discussion Potiental seller that has a loan with Lender Business Process Service (now called SETERUS)
"Victoria - I have closed 5 short sales with Wilshire over the past several years (before it became LBPS); three short sales with LBPS and have two currently in process with Seterus.  I just got approval from Seterus on one of them and…"
Aug 28, 2011
Sam Purtle replied to Janice MacMillan's discussion Determining Seller Contribution
"Janice, Most conventional lenders will limit seller concessions to 3% but you can try for 6%.  Government loans such as FHA and VA usually will allow 6%.  There is no magical formula that lenders use.  To your continued…"
May 16, 2011
Sam Purtle 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
Mar 15, 2011
Sam Purtle replied to Claudia Carignan's discussion Freddie Mac adn FMV in the group Freddie Mac
"First I would email an authorization/release to borrower_outreach@freddiemac.com and then wait for an automatic response   Then call the borrower outreach team at 877.518.8429 and discuss the situation.   I just called the number of…"
Mar 10, 2011
Sam Purtle joined Jim Schneider's group
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Freddie Mac

Information on Freddie Mac, one of the largest mortgage investors in the world.See More
Mar 10, 2011
Sam Purtle replied to Sylvia Barrenechea's discussion Can LLC be the the "buyer" in the group Equator
"Sylvia All LLCs have a managing member or members. One or both managing members need to be entered as the purchaser - ie. social security and dates of birth, etc. in the initial short sale offer worksheet. Copies of the articles of incorporation…"
May 29, 2010
Sam Purtle replied to Wendy Rulnick's discussion Who Has Equator Certification? in the group Equator
"I agree - why waste the money..."
May 21, 2010
Sam Purtle replied to John Edelman's discussion Delinquent property taxes in the group Help Me!
"John This so called "expert" does not know what he is talking about. It is solely at the lien holders discretion whether or not to pay the delinquent taxes. In all the short sales I have handled (and that is a lot) I rarely run into an…"
May 21, 2010
Sam Purtle replied to Virginia Reddy's discussion Realtors Not Taking Short Sales if the price is too low
"Virginia Email Mike Milazzo at Excalibur Properties - mmilazzo3@cox.net or call him at 602-571-6889 (if the property is in Avondale as it looks like your earlier posting indicated). Mike is highly experienced with short sales and would be glad to…"
May 21, 2010
Sam Purtle replied to Monica's discussion BOA Approved Short Sale - Closing Date Inquiry in the group Bank of America Short Sales
"Monica It is highly unlikely that BofA would approve a short sale without stating a closing date. The approval letter (otherwise known as a short sale demand letter) will spell out the terms of the transaction. It usually states the purchase price,…"
May 21, 2010
Sam Purtle replied to Dawn Barrier Prominent Realty Gr's discussion Has anyone been successful in getting BOFA to rescind/reverse a foreclosure while it was in short sale review? in the group Bank of America Short Sales
"My two cents: 1. Something has to be done about this crap. Why are we helping out Bank of America by sending them short sale offers if they refuse to work in good faith? Over and over again it is the same story. Short Sale Demand Letter is received…"
May 14, 2010
Sam Purtle replied to Kenneth Skidmore's discussion Seconds in the group Bank of America Short Sales
"If Chase will not allow more than $1200 then you have several choices: 1. Ask Chase if the purchase price were to be increased by the difference ($3800 although I would increase by more to compenasate for the additional closing costs such as…"
May 14, 2010
Sam Purtle replied to Laurie Clark's discussion BofA Approved Short Sale now it Foreclosed and Freddie won't Rescind in the group Bank of America Short Sales
"Laurie Unfortunately Bank of America pulls this kind of crap all the time and they think they can get away with it. Darlas message above is simply incorrect in that even though the lender has sold the property at auction and recorded a…"
May 14, 2010
Sam Purtle replied to Jeanette Becker's discussion Bank of America contact numbers in the group Bank of America Short Sales
"Nina - Thanks for sharing the form and email. Much appreciated"
May 10, 2010
Sam Purtle replied to Tina Maldonado's discussion We are a Law Office. How do we get Equator to accept our legal fees on the settlement? HELP in the group Equator
"Dave Well said and I agree completely. If Bank of America wants to stave off the tide of foreclosures they need to more agressive with short sale acceptance. Let us hope things change for the better. Sam"
May 5, 2010
Sam Purtle replied to Roger's discussion 6 Month Short Sale, Negotiator asked me to get an approval for the second and now closed the file, Need to speak with Supervisos in the group Bank of America Short Sales
"Roger This type of stuff happens all the time with BofA. The one positive is that if you set the short sale up in Equator, you should be able to request a postponement to the foreclosure date by calling BofA's short sale support line several…"
Apr 29, 2010

Profile Information

First Name
Sam
Last Name
Purtle
State
Oregon
City
Portland

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