Shelby Hale
  • Female
  • Bakersfield, CA
  • United States
  • CA
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Shelby Hale joined Diane Rice's group
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HFC-Beneficial

This group is for information, tips and solutions for HFC/Beneficial Short SalesSee More
Apr 28, 2016
Ben Benita replied to Shelby Hale's discussion No Imminent Default?? in the group Citi Bank
"We negotiate for Agents all over the country as well, Ben@ShortSaleShop.net. For this one, I would: 1)  Reach out to the Investor on the loan directly, they are the actual decision makers (contact me if you don't know how to do…"
Apr 12, 2016
Shelby Hale replied to Shelby Hale's discussion No Imminent Default?? in the group Citi Bank
"I thought there was guidelines pass and regulation on the banks that said they could not require a homeowner to be late on payments in order to do a short sale. Is that not correct? If he wants to be able to purchase again right away he cant be late…"
Apr 11, 2016
Brett Goldsmith replied to Shelby Hale's discussion No Imminent Default?? in the group Citi Bank
"Borrowers get denied for being to afford the property all the time. Being current on the loan is a red flag in the short sale world and holds more validity with some investors over others. Banks are in the business of lending money and getting paid.…"
Apr 11, 2016
Shelby Hale replied to Shelby Hale's discussion No Imminent Default?? in the group Citi Bank
"The neighborhood was not that bad when he bought the home. Its was a new home track in a location of town that was being built up. Since the market crash and following economy slow down "especially in our city where Oil and Ag are the biggest…"
Apr 11, 2016
Thom Colby CA Brkr 888-391-5245 replied to Shelby Hale's discussion No Imminent Default?? in the group Citi Bank
"I'm interested to hear what other Brokers has to say on this topic.  The fact the owner bought in a less than desirable area at teh top of the market, can afford to make the payments and has no finacial hardship is certainly not a reason…"
Apr 11, 2016
Shelby Hale added a discussion to the group Citi Bank
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No Eminent Default??

I negotiate short sales for other Realtors in my area and I was just asked by an agent if the bank can deny a short sale for "no imminent default" He bought the property at the height of the market and its not in a good area of town. He owes way more than the home could ever be worth up-side-down about $100k. He is being threatened and harassed by neighborhood kids weekly and has his property stolen as well. Since he is not behind in payments and is not in a financial hardship City has denied…See More
Apr 11, 2016
Shelby Hale joined Wendy Rulnick's group
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Citi Bank

Citi Short Sale InformationSee More
Apr 11, 2016
Shelby Hale posted a status
"I was just asked by an agent if the bank can deny a short sale for "no eminent default" any thoughts? not behind in payments"
Apr 11, 2016
Shelby Hale posted a status
"On loan but not on title. need to short sale. Anyone with experience on this? Do I need to remove others from title before starting SS?"
Dec 10, 2013
Shelby Hale posted a blog post

On loan but not on title... need to do a short sale.. Help

I am having some trouble with a possible short sale listing. The seller who brought me the property is only on the loan and not on title. I am needing some help to determine if I need to have the other people on title removed prior to moving forward with the short sale. Does anyone have any experience with this?See More
Dec 10, 2013
Shelby Hale replied to Rebecca Grenz's discussion FHA Short Sale - additional funds for the 2nd lien?
"Is your short sale a HAFA short sale? If so there are HAFA guidelines that dictate how much the max to a Jr. lien payout can be. I believe it is no more than either 6% of the balance of the loan or $8500 which ever is lower."
Nov 15, 2013
Shelby Hale is now a member of Short Sale Superstars
Nov 15, 2013

Profile Information

First Name
Shelby
Last Name
Hale
Are you a...
Agent
State
CA
City
Bakersfield
My Profile
I am a Realtor who also does 3rd party negotiations for other Realtors for a flat fee.

Shelby Hale's Blog

On loan but not on title... need to do a short sale.. Help

Posted on December 10, 2013 at 9:41am 0 Comments

I am having some trouble with a possible short sale listing. The seller who brought me the property is only on the loan and not on title. I am needing some help to determine if I need to have the other people on title removed prior to moving forward with the short sale. Does anyone have any experience with this?

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