Sharon Burgos
  • Female
  • High Point, NC
  • United States
  • North Carolina
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Sharon Burgos's Discussions

Due Diligence Fee & Short Sale

Started this discussion. Last reply by Smitty Mar 18. 2 Replies

I have just had the most puzzling email exchange with a listing agent regarding her short sale property. Her instructions to buyer agents making offers is to submit a cashiers check/money order ONLY…Continue

Can Buyers Lease Short Sale Property?

Started this discussion. Last reply by Sharon Burgos Sep 20, 2017. 2 Replies

I have a nightmare of a short sale with Ocwen right now. Long story short, we went under contract January of this year. Got short sale approval and then applied to IRS for tax lien discharge and…Continue

Negotiating with the IRS over tax lien

Started this discussion. Last reply by Vikki Lucas Jan 31, 2017. 3 Replies

I have a situation where I am short-selling a home for a divorcing couple. Divorce decree is final. Husband is living elsewhere and divorce decree makes him solely responsible for a $148,000 IRS tax…Continue

Thoughts on collecting earnest money on short sales?

Started this discussion. Last reply by Joseph Alfe Oct 11, 2013. 7 Replies

Hi All - Wanted to find out how everybody feels about when to actually require the earnest money check on a short sale?  I've just received an offer on one of my ss listings and, ordinarily, I…Continue

 

Sharon Burgos's Page

Latest Activity

Smitty replied to Sharon Burgos's discussion Due Diligence Fee & Short Sale
"I've seen something similar, but not called due diligence fee.  Basically is a release of deposit.  If negotiator gets short sale approval and all contingencies have been met and buyer backs out for any reason after approval, deposit…"
Mar 18
Brett Goldsmith replied to Sharon Burgos's discussion Due Diligence Fee & Short Sale
"Never heard of such a fee or thing. Sellers aren't supposed to receive proceeds from the sale. It likely could be argued that this is not proceeds from the sale as it's only released if the transaction does not close? What happens if the…"
Feb 28
Sharon Burgos posted a discussion

Due Diligence Fee & Short Sale

I have just had the most puzzling email exchange with a listing agent regarding her short sale property. Her instructions to buyer agents making offers is to submit a cashiers check/money order ONLY for due diligence, made out to the sellers' attorney. I'm already thinking, due diligence fee? On a short sale? Anyway, she then tells me that MY firm, who I know for a fact does not hold earnest money, will be holding the EM. It's her firm, too. So I ask her to clarify these things. She tells me…See More
Feb 28
Sharon Burgos replied to Jeanine Whitehead's discussion Short Sales Flipping to Foreclosures after denied Offers
"File a complaint with the Consumer Financial Protection Bureau. They allow you to upload documents, so have all supporting documentation ready to attach when you do it. Then, after you have your case number, you'll get it immediately after…"
Oct 20, 2017
Sharon Burgos replied to Sharon Burgos's discussion Can Buyers Lease Short Sale Property?
"We now have approval from Ocwen, IRS has agreed to release their lien but Key Bank is being stubborn about their measly $10,000 which represents 50% of original loan amount. What does one do when everyone else agrees and 2nd lienholder won't?…"
Sep 20, 2017
Sharon Burgos commented on Kimber Regan's group Key Bank
"I've got a short sale approved by primary mortgage holder who is taking a substantial loss, IRS agreed to release their $120,000+ lien since it is "valueless" and now Key Bank wants to be difficult over a pool loan that they have been…"
Sep 20, 2017
Sharon Burgos joined Kimber Regan's group
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Key Bank

Key Bank is an online lender. See More
Sep 20, 2017

Profile Information

First Name
Sharon
Last Name
Burgos
Are you a...
Agent
State
North Carolina
City
High Point
My Profile
I am a Broker/REALTOR with Allen Tate in High Point, NC serving the Triad region (basically Greensboro, High Point & Winston Salem). Specializing in residential sales of existing homes, short sales & foreclosures.

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