Stephen Shafer
  • Male
  • Altadena, CA
  • United States
  • CA
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Stephen Shafer's Discussions

Chase Short Sale Fraud

Started this discussion. Last reply by Jeff Payne Oct 30, 2012. 3 Replies

In march I sent an offer to an attorney representing aan owner on a property in Los Angeles and he wanted $ 50K for the sale. We agreed but said it had to be on the HUD and never heard from him…Continue

 

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Latest Activity

Stephen Shafer commented on James ferebee jr's group OCWEN
"I am going thru a similiar situation, I have a hoarder house that was approved twice in the past at 300K & 380K but the buyer could not close on time due to underwriting issues. I resubmitted the $385K offer with the buyers appraisal &…"
Mar 12, 2014
Jeff Payne replied to Stephen Shafer's discussion Chase Short Sale Fraud
"Too little information, I tried to understand your other post but it made little sense. Did the seller accept your offer in writing?  How do you know your offer was highest and best offer? Who wanted $50K for the sale? March to August is alot…"
Oct 30, 2012
Jeff Payne commented on Stephen Shafer's blog post short sale fraud
"Stephen, I am confused!  That is easy to do :) You made an offer that was open ended for 50K over the other offer?  Which offer did the seller accept?  The attorney would have a duty to protect his seller and does not have a duty to…"
Oct 30, 2012
Stephen Shafer posted a blog post

short sale fraud

The seller lives in NY and was being represented by a NY attorney but the property was in LA, not listed and not on the MLS which is suspect.My client's cash offer was submitted to the attorney with instructions that they would pay $50k over any other offer. We agreed to pay the attorney fee if it was disclosed on the HUD. The buyer disclosed to nieghbors that he purchased the property with a loan and paid the $50k to the attorney for $425k.The attorney had a duty to present the highest best…See More
Oct 30, 2012
Smitty replied to Stephen Shafer's discussion Chase Short Sale Fraud
"Yes.  You don't know the details of what is going on.  Was your offer executed?  People throw out the fraud word every day in the mortgage industry without knowing all the facts.  Maybe he got a lower cash offer he wanted to…"
Oct 29, 2012
Stephen Shafer posted a discussion

Chase Short Sale Fraud

In march I sent an offer to an attorney representing aan owner on a property in Los Angeles and he wanted $ 50K for the sale. We agreed but said it had to be on the HUD and never heard from him again.August this property was sols for $250000.00 less than our offer & the payoff was made! Is there a fraud office at Chase or which federal or state agency investigates fraud?See More
Oct 29, 2012
Ben Benita left a comment for Stephen Shafer
"Stephen, glad to trade you contact for contact.....I have a few REALLY good ones at B of A, but, the more the merrier!!!!"
Aug 28, 2012
Shane Blondin replied to Stephen Shafer's discussion Five Lakes Chase 3rd Party Vendor in the group Chase
"Stephen, My determination is they handle the files that have had a previous bankruptcy. Is that the case with your clients situation?   Shane"
Jun 11, 2012
Shane Blondin replied to Stephen Shafer's discussion Five Lakes Chase 3rd Party Vendor in the group Chase
"Stephen, I am in the exact same scenario as you. B of A first. Chase 2nd that has me dealing with Five Lakes. I was hoping to gather some information on the forums here. If you learn anything, please pass it along. i will do the same."
Apr 27, 2012
Stephen Shafer added a discussion to the group Chase
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Five Lakes Chase 3rd Party Vendor

I have a B of A 1st lien & a Chase 2nd lien with Five Lakes for $ 100K. They do not seem to be very organized and difficult to contact. Has anyone had any experience with this company?See More
Apr 26, 2012
Stephen Shafer replied to Stephanie Hart CA 310-930-2342's discussion Chase and HELOCs in the group Chase
"I have a deal where the Chase HELOC is 3rd lien, B of A has 1st & 2nd. We offered $3000.00 on a 100k loan. Any ideas if they will take it?"
Apr 15, 2012
Stephen Shafer replied to Larry Davis's discussion Seeking a Short Sale Negotiator / Expeditor for CA property: in the group Short Sale Referrals
"Larry, I have negotiated & closed over 60 short sales in California many with Chase. You can call or email me for references at 626 421 2800 or [email protected] I hope I can be of service to you. Stephen Shafer"
Apr 5, 2012
Stephen Shafer commented on Wendy Rulnick's group Bank of America Short Sales
"AMS is the worst!!!"
Aug 4, 2011
Pamela Lester left a comment for Stephen Shafer
"Hi Stephen, I appreciate any help you can give me regarding PNC.  I have heard nightmares about them and if I can keep a phone number handy just in case, It would be appreciated.  Thank you."
Jul 16, 2011
Stephen Shafer left a comment for Pamela Lester
"I think so, email me at [email protected]"
Jul 15, 2011
Pamela Lester left a comment for Stephen Shafer
"Stephen, Were you able to obtain an escalation phone number for PNC?  If so, can you share? "
Jul 15, 2011

Profile Information

First Name
Stephen
Last Name
Shafer
Are you a...
Agent
State
CA
City
Pasadena
My Profile
I have been a realtor for 10 years doing general real estate in Southern California and Baja Mexico. I work with a law firm helping the clients with short sale and negotiation for the past two years.

Stephen Shafer's Blog

short sale fraud

Posted on October 30, 2012 at 9:21am 1 Comment

The seller lives in NY and was being represented by a NY attorney but the property was in LA, not listed and not on the MLS which is suspect.

My client's cash offer was submitted to the attorney with instructions that they would pay $50k over any other offer. We agreed to pay the attorney fee if it was disclosed on the HUD. The buyer disclosed to nieghbors that he purchased the property with a loan and paid the $50k to the attorney for $425k.

The attorney had a duty to present…

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At 11:37am on August 28, 2012, Ben Benita said…

Stephen, glad to trade you contact for contact.....I have a few REALLY good ones at B of A, but, the more the merrier!!!!

At 9:46am on July 16, 2011, Pamela Lester said…

Hi Stephen,

I appreciate any help you can give me regarding PNC.  I have heard nightmares about them and if I can keep a phone number handy just in case, It would be appreciated.  Thank you.

At 12:00pm on July 15, 2011, Pamela Lester said…

Stephen,

Were you able to obtain an escalation phone number for PNC?  If so, can you share? 

 
 
 

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