Scott Korbin
  • Male
  • Cary, NC
  • United States
  • NC
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Scott Korbin's Discussions

1st Lien Holder Approves SS, 2nd delaying appoval - Must Escalate!

Started this discussion. Last reply by Ben Mills Dec 18, 2011. 1 Reply

$490,000 Sales Price nets Chase (1st Lien Holder) $415,000 on a $611,000 note.Chase agreed to pay $6,000 to Sun Trust (2nd Lien Holder) subject to closing by year end 2011.After having submitted a…Continue

Need a Short Sale Superstar in Asheville, NC (Existing Tenant wants to Buy)

Started this discussion. Last reply by Brenda Williams Aug 23, 2011. 5 Replies

I have a Rock Solid referral for a SS Superstar that works the Asheville, NC market.Seller has been denied for a Loan Modifcation and is already in discussions with the Short Sale Department. Needs…Continue

 

Scott Korbin's Page

Latest Activity

Scott Korbin replied to Jeff Payne's discussion Banks manipulating appraisals?
"Has anyone mentioned that by the bank's booking the value at the higher number, it reflects better on their balance sheet for the most recent quarter, something about which every bank CFO and CEO are concerned and upon which they remain focused."
Aug 3, 2013
Scott Korbin replied to Freddie Castaneda's discussion Does a discharged bankruptcy affect a sellers incentive?
"Who is the investor? If it's a loan that was originated by Aurora and aquired by NationStar, all bets are off."
Jan 13, 2013
Scott Korbin replied to DIMITRI PETROVSKY's discussion Wells Fargo Unreasonable Request for Promissory Note
"Great information! Thank you."
Feb 27, 2012
Scott Korbin replied to DIMITRI PETROVSKY's discussion Wells Fargo Unreasonable Request for Promissory Note
"I called. No David Brownstein on the phone directory. There is a "Richard." Same guy?"
Feb 26, 2012
Scott Korbin replied to DIMITRI PETROVSKY's discussion Wells Fargo Unreasonable Request for Promissory Note
"There is a Richard there. No David, but I left a message. Thank you."
Feb 26, 2012
Scott Korbin replied to DIMITRI PETROVSKY's discussion Wells Fargo Unreasonable Request for Promissory Note
"Without knowing all of the circumstances nor the risks related to it, one can not make an informed decision.Are you suggesting there is never a case where accepting a release of lien and a note is better than a foreclosure? I would never advise…"
Feb 26, 2012
Scott Korbin commented on Team Thayer's blog post Thank you for furnishing the escalation dept phone number for Aurora
"How long was it before they allowed you to escalate. They informed me that 45 days had to pass before they'd allow me to escalate. After 43 days "in process," the Set Up clerk called to inform me that if the Buyer did not increase…"
Feb 26, 2012
Scott Korbin replied to Jackalope's discussion What is your professional opinion on this?
"If I'm representing the Buyer, I don't care."
Feb 26, 2012
Scott Korbin replied to Jackalope's discussion What is your professional opinion on this?
"Do you know if Seller will accept a Short which involves a release of lien from the 2nd lien holder? If so, I'd say "start packing.""
Feb 26, 2012
Scott Korbin replied to DIMITRI PETROVSKY's discussion Wells Fargo Unreasonable Request for Promissory Note
"Why not accept it, and close? What's the risk to the seller of an unsecured note? Ask a BK attorney of the downside risk."
Feb 26, 2012
Scott Korbin replied to Stephen B. McWilliam's discussion BOA Alleged Equator Fraud
"My sentiments exactly. We must self-police, or I see our industry going the way of current Banking regulations and being subject to the same terms of the SAFE ACT as Lending Professionals."
Dec 19, 2011
Scott Korbin replied to Stephen B. McWilliam's discussion BOA Alleged Equator Fraud
"is that a legal opinión?"
Dec 18, 2011
Scott Korbin replied to Laura Rivera's discussion Listing a relative's home as short sale
"That sounds like and administrative error. No good reason."
Dec 18, 2011
Ben Mills replied to Scott Korbin's discussion 1st Lien Holder Approves SS, 2nd delaying appoval - Must Escalate!
"Communicate constantly with Chase...forward the communications from Suntrust directly to the negotiator to show you are doing everything you can. Has the file already been extended once? How come Suntrust cannot get it done? Probably because they…"
Dec 18, 2011
Scott Korbin posted a discussion

1st Lien Holder Approves SS, 2nd delaying appoval - Must Escalate!

$490,000 Sales Price nets Chase (1st Lien Holder) $415,000 on a $611,000 note.Chase agreed to pay $6,000 to Sun Trust (2nd Lien Holder) subject to closing by year end 2011.After having submitted a complete package through Sun Trust's collection agent (PFS), Sun Trust now informs me that they do not believe they can get the approval issued by year end; more importantly, Chase states that if it doesn't close by year-end, the approval is no longer valid and they will be moving towards foreclosure.…See More
Dec 18, 2011
Scott Korbin replied to Laura Rivera's discussion Listing a relative's home as short sale
"From my experience, B of A would have declined the Short Sale if you were receiving a commission as they would assume that to be a tangible benefit to the Seller who is otherwise required to net $0 at closing."
Dec 18, 2011

Profile Information

First Name
Scott
Last Name
Korbin
Are you a...
Agent
State
NC
City
Cary
My Profile
A Real Estate Advisor and Financial Matters Expert. Scott is the creator of The Strategic Real Estate Game Planner, The First Time Home Buyer Solution, The Home Seller Advantage, The Distressed Seller Transformer, The Strategic Real Estate Investor Game Plan and The Short Sale Accelerator. Scott has become one of the most sought after Real Estate Agents in the Triangle Area.

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