Sherrie J Weeks
  • Female
  • Annapolis, MD
  • United States
  • MD
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Sherrie J Weeks's Discussions

Hubzu

Started this discussion. Last reply by Brett Goldsmith Oct 30, 2014. 1 Reply

Ocwen is requiring this short sale be put on hubzu?  We have had an offer in for 2 months??  Any Listing Agents been approached this way?Continue

BB & T Short Sale

Started this discussion. Last reply by Wayne Brooks Feb 8, 2013. 5 Replies

Two years ago a short sale was performed with a BB&T first lien only.  Mortgage balance was 2.2 million.  Short sale price was 1,925,000.00  BB & T accepted the wire and funds in 2010.  No…Continue

Banks Partnering with Brokers

Started this discussion. Last reply by Keji Ogunleye Apr 12, 2011. 2 Replies

I have not heard this but would be dangerous for all.  There are too many agents taking on short sales that should not.  Also, try to remember we facilitate short sales for the seller (not negotiate)…Continue

 

Sherrie J Weeks's Page

Latest Activity

Sherrie J Weeks joined Mori Langshaw Sr's group
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Reverse Mortgage Short Sales

If you have a client that has done a reverse mortgage and now needs to short sale, this is the groupSee More
Mar 12, 2015
Sherrie J Weeks liked Mori Langshaw Sr's group Reverse Mortgage Short Sales
Mar 12, 2015
Sherrie J Weeks commented on Stephanie Anson's blog post Short Sale - AltiSource - HubZu and Ocwen Partnership Wrought with Fraud
"I refuse to work with Ocwen, they are violating all Respa laws."
Oct 30, 2014
Brett Goldsmith replied to Sherrie J Weeks's discussion Hubzu
"Yes, this is common with Ocwen depending on what state the property is located in. Are you currently representing both sides? If you have any questions do not hesitate to reach out to me as my door is always…"
Oct 30, 2014
Sherrie J Weeks posted a discussion

Hubzu

Ocwen is requiring this short sale be put on hubzu?  We have had an offer in for 2 months??  Any Listing Agents been approached this way?See More
Oct 30, 2014
Wayne Brooks replied to Sherrie J Weeks's discussion BB & T Short Sale
"Ditto.  Unless the borrower has an agreement that Specifically waives the deficiency or forgives the balance, the bank has every right to collect.  This assumes Maryland is not a Non Recourse state."
Feb 8, 2013
Bryant Tutas replied to Sherrie J Weeks's discussion BB & T Short Sale
"If they waived the deficiency it will be stated in the approval letter. If it wasn't then if your state allows it the lender can go after a deficiency judgment. The lender has every right to go after the borrower unless they agreed in writing…"
Feb 8, 2013
Becky Martin replied to Sherrie J Weeks's discussion BB & T Short Sale
"Scary, seller should have never settled or closed the transaction without clear written, approved and signed terms from lien holder!"
Feb 8, 2013
Sherrie J Weeks posted a discussion

BB & T Short Sale

Two years ago a short sale was performed with a BB&T first lien only.  Mortgage balance was 2.2 million.  Short sale price was 1,925,000.00  BB & T accepted the wire and funds in 2010.  No short sale letter was produced.  Deed of Trust was released.  2 years later they are pursuing 500k difeiciency from the Seller noting that they released the Deed of Trust but not the note.  I was not involved in the transaction but have been asked my opinion by legal counsel on how short sale terms…See More
Feb 8, 2013
Sherrie J Weeks posted a status
"Has anyone had Freddie Mac ask for a prommissory note on a first lien?"
Feb 7, 2013
Sherrie J Weeks replied to Kristy Hamilton's discussion NationStar requiring Buyer to apply for pre-qual with NationStar.
"Just politely decline...Fill out the form as they need forms to fill in spaces on equator, do not put on a social and have the buyer sign a note on it politely declining."
Oct 23, 2011
Sherrie J Weeks replied to Wendy Martin's discussion B of A- no more BPOs
"If they answer no to Hafa and request a traditional short sale, they will grant it.  They can tell the customer immeduately if they qualify for a MOD with income.  If they have no income due to job loss it is not a problem."
May 1, 2011
Sherrie J Weeks replied to Wendy Martin's discussion B of A- no more BPOs
"You can't force a loan Mod if they don't have jobs...the real reason short sales exisit."
May 1, 2011
Keji Ogunleye replied to Sherrie J Weeks's discussion Banks Partnering with Brokers
"And just like REO the third party and realtor will be working for BoA not the home owner... That can be dangerous especially with listing agreement signed between homeoner and Realtor."
Apr 12, 2011
Dieter Diaz replied to Sherrie J Weeks's discussion Banks Partnering with Brokers
"The banks are already partnering with brokerages handling REO accounts. Bank of America already rolled out a program with select brokerages in which they are being given the contact information for homeowners that are pre-qualified for a short sale.…"
Apr 11, 2011
Sherrie J Weeks posted a discussion

Banks Partnering with Brokers

I have not heard this but would be dangerous for all.  There are too many agents taking on short sales that should not.  Also, try to remember we facilitate short sales for the seller (not negotiate) as this will get us into trouble.  If banks counter or want monies on a second to release, we are the messenger/facilitator for the client and the bank.  Be careful of the negotiate word. Best to all of you, love the comments and shared experiences.  I know you are all working too hard these days!See More
Apr 10, 2011

Profile Information

First Name
Sherrie
Last Name
Weeks
State
MD
City
Annapolis
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