Everyone's Blog Posts - Short Sale Superstars2024-03-19T01:48:25Zhttp://shortsalesuperstars.com/profiles/blog/feed?xn_auth=noHECM/REVERSE MORTGAGES LISTINGStag:shortsalesuperstars.com,2023-03-10:3468065:BlogPost:5009532023-03-10T19:44:46.000ZOFELIA SIERRAhttp://shortsalesuperstars.com/profile/OFELIASIERRA
<p>It has just come to my attention the HUD does not require HECM/ Reverse mortgages to be listed on the MLS. Has anyone else run into this? I have been negotiating short sales in south Florida for over 10 years and I was just made aware of this.</p>
<div><b>OFELIA SIERRA</b></div>
<div><b>SHORT SALE AND EQUATOR SPECIALIST<br/></b></div>
<div><b><a href="mailto:ofeliasierra24@gmail.com" target="_blank" rel="noopener">ofeliasierra24@gmail.com</a></b></div>
<p></p>
<p>It has just come to my attention the HUD does not require HECM/ Reverse mortgages to be listed on the MLS. Has anyone else run into this? I have been negotiating short sales in south Florida for over 10 years and I was just made aware of this.</p>
<div><b>OFELIA SIERRA</b></div>
<div><b>SHORT SALE AND EQUATOR SPECIALIST<br/></b></div>
<div><b><a href="mailto:ofeliasierra24@gmail.com" target="_blank" rel="noopener">ofeliasierra24@gmail.com</a></b></div>
<p></p>Had to share thistag:shortsalesuperstars.com,2023-02-27:3468065:BlogPost:5003332023-02-27T18:30:53.000ZPhoenix Nest Homeshttp://shortsalesuperstars.com/profile/PhoenixNestHomes
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/10973875492?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/10973875492?profile=RESIZE_710x" class="align-full"/></a></p>
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/10973875492?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/10973875492?profile=RESIZE_710x" class="align-full"/></a></p>Who can relate to this?tag:shortsalesuperstars.com,2022-12-16:3468065:BlogPost:4994872022-12-16T19:44:56.000ZPhoenix Nest Homeshttp://shortsalesuperstars.com/profile/PhoenixNestHomes
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/10912207475?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/10912207475?profile=RESIZE_710x" class="align-full"/></a></p>
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/10912207475?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/10912207475?profile=RESIZE_710x" class="align-full"/></a></p>How to get a mortgage approved with Bad Credit Score?tag:shortsalesuperstars.com,2022-09-02:3468065:BlogPost:4976282022-09-02T14:18:22.000Zmateo mateo owenhttp://shortsalesuperstars.com/profile/mateomateoowen
<p>How to get a mortgage approved with Bad Credit Score?</p>
<p>How to get a mortgage approved with Bad Credit Score?</p>Short Sale Playbooktag:shortsalesuperstars.com,2022-03-28:3468065:BlogPost:4970972022-03-28T18:01:49.000ZPhoenix Nest Homeshttp://shortsalesuperstars.com/profile/PhoenixNestHomes
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/10244060458?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/10244060458?profile=RESIZE_710x" class="align-full"/></a></p>
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/10244060458?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/10244060458?profile=RESIZE_710x" class="align-full"/></a></p>Can CBD help with your sale?tag:shortsalesuperstars.com,2021-08-31:3468065:BlogPost:4943002021-08-31T21:27:08.000ZLaura Ravinderhttp://shortsalesuperstars.com/profile/LauraRavinder
<p>If you've stumbled upon this article, then you're obviously looking for information about CBD reviews and ratings and want to learn more about them. The good news is, you're not alone. Millions of people all across the globe are exploring CBD as a possible treatment for various ailments, including anxiety, depression, arthritis, epilepsy, chronic pain, and much more. For this reason, there is a tremendous amount of research being done on CBD.</p>
<p>The good news is, CBD is not a fad; it's…</p>
<p>If you've stumbled upon this article, then you're obviously looking for information about CBD reviews and ratings and want to learn more about them. The good news is, you're not alone. Millions of people all across the globe are exploring CBD as a possible treatment for various ailments, including anxiety, depression, arthritis, epilepsy, chronic pain, and much more. For this reason, there is a tremendous amount of research being done on CBD.</p>
<p>The good news is, CBD is not a fad; it's actually here to stay. CFAH has been providing consumers with accurate, professional CBD information and reviews for over twenty years. In fact, they even have a CBD Master Certificate Program! So, it's no surprise that CFAH offers a comprehensive listing of all their CBD review websites, where you can find out about products, companies, and the latest news.</p>
<p>One of the best things about <a href="https://cfah.org/" target="_blank" rel="noopener">CFAH,</a> which we also offer, is that they include the opinions of many experts, including doctors and pharmacists. For this reason, you can trust CFAH expert CBD reviewers, including doctors, pharmacists, patient advocates, homeopaths, and others, to give you the facts straight about many products on the market today.</p>
<p>For example, did you know that CFAH expert CBD reviewers think Ephedra is "unknowingly" unsafe for children? And that many parents have suffered serious consequences from using Ephedra?</p>
<p>It doesn't matter what type of product you're considering. CFAH will provide you with information about the latest products and studies, as well as provide links to reputable expert CBD review websites, so that you can learn what other people are saying about different products. For example, did you know that when it comes to Ephedra-style products, it's not uncommon to hear about heart palpitations, chest pains, anxiety, shortness of breath, extreme tiredness, vomiting, irregular heartbeat, tremors, diarrhea, nausea, seizures, liver failure, and chronic lung disease? Did you know that these are just a few of the side effects that come along with using Ephedra-style products?</p>
<p>You won't find these kinds of adverse reactions in CFAH CBD reviews. Instead, you'll find honest, objective, and informative reviews. For example, one of the websites on CFAH offers a free trial to see if CFAH might be the right supplement for you. If you decide to take the free trial, you'll get to see firsthand how other CFAH users feel about the program and the supplements. That's a great way to make sure that you're making an informed decision before paying for the program.</p>
<p>CFAH offers several different types of CBD products, including topical creams, oral pills, herbal dietary supplements, and topical ointments. The website also reviews products from other companies, as well as supplements and lifestyle programs. If you're serious about losing weight and living better, CFAH is a great place to start your search for the right program and supplement. With CFAH review websites, you can quickly learn about the latest research and products. Before deciding which program or CFAH supplements are right for you, make sure to research the products thoroughly, and talk to the program and CFAH representatives before buying.</p>NOVAD REVERSE MORTGAGEtag:shortsalesuperstars.com,2021-02-12:3468065:BlogPost:4820342021-02-12T18:02:41.000ZBarbara Winghttp://shortsalesuperstars.com/profile/barbarawing
<p></p>
<p>Hi fellow Realtors! been awhile since I have been here but boy do I need help!</p>
<p><br/>I have a Celink reverse mortgage that was just transferred to Novad for servicing. For starters, If the owner is alive and not in a facility, does he have to occupy the house in order to do a short sale?</p>
<p></p>
<p>Hi fellow Realtors! been awhile since I have been here but boy do I need help!</p>
<p><br/>I have a Celink reverse mortgage that was just transferred to Novad for servicing. For starters, If the owner is alive and not in a facility, does he have to occupy the house in order to do a short sale?</p>Short Sale Vs Short Pay Offtag:shortsalesuperstars.com,2020-04-22:3468065:BlogPost:4008062020-04-22T16:00:00.000ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>You often hear the term Short Sale and Short Pay. They both are programs that involve a servicer review and a that a lien holder is being shorted and taking a loss on the mortgage payoff. They are similar in that nature but the outcome is distinguished as one program transfers the home to a new purchaser and the other is a designed for a borrower to retain ownership of their home.</p>
<p>In a short sale you are going through a detailed review with the mortgage servicer(s) and lien holders to…</p>
<p>You often hear the term Short Sale and Short Pay. They both are programs that involve a servicer review and a that a lien holder is being shorted and taking a loss on the mortgage payoff. They are similar in that nature but the outcome is distinguished as one program transfers the home to a new purchaser and the other is a designed for a borrower to retain ownership of their home.</p>
<p>In a short sale you are going through a detailed review with the mortgage servicer(s) and lien holders to obtain permission for them to take a loss and to sell the asset to a new buyer. The borrower wants to mitigate losses and reduce potential liabilities associated with a home that may be in foreclosure and an overall personal financial hardship. </p>
<p>In a Short Payoff a borrower is looking to settle mortgage debt and retain ownership of the property. Short Pay Offs are typically not options for borrowers as most lenders do not settle first mortgage debt to allow borrowers to keep the property. Also, most borrowers are not able to settle a large lien in a large cash lump sum. These programs are very uncommon for first lien holders but are not unheard of. We typically see these programs more available on charged off upside down or subordinate mortgages.</p>
<p>Both programs have negative credit impact, deficiency judgments if not waived, and potential tax liabilities due to the cancelled debt if settled.</p>
<p></p>
<p>If you have questions or need anything at all reach out to me at Bgold@ishortsalenow.com or 310-564-6389</p>SPS / Chase Backed Assettag:shortsalesuperstars.com,2019-10-31:3468065:BlogPost:3995792019-10-31T15:08:33.000ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>Hey everyone!</p>
<p></p>
<p>If you haven't run into this yet, be aware that Select Portfolio Servicing (SPS) with Chase backed assets have a new guideline that can throw a wrench in the transaction. They are only allowing one short sale review! Meaning that if the buyer walks or if the deal is denied for a low offer, you won't be able to try again.</p>
<p>I had an approval and the buyer walked then they would not allow us to submit at the same terms due to this guideline. We also had a…</p>
<p>Hey everyone!</p>
<p></p>
<p>If you haven't run into this yet, be aware that Select Portfolio Servicing (SPS) with Chase backed assets have a new guideline that can throw a wrench in the transaction. They are only allowing one short sale review! Meaning that if the buyer walks or if the deal is denied for a low offer, you won't be able to try again.</p>
<p>I had an approval and the buyer walked then they would not allow us to submit at the same terms due to this guideline. We also had a buyer get countered, the buyer only raised their offer slightly, they would not counter gain, and they closed the file out.</p>
<p></p>
<p>Be cautious as they won't tell you these guidelines ahead of time or about the only one counter rule!</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com">www.ishortsalenow.com</a></p>Short Sale Questions Or Help?tag:shortsalesuperstars.com,2019-07-15:3468065:BlogPost:3977682019-07-15T22:34:41.000ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>If you need short sale help or have questions about a specific short sale transaction please reach out to our community of specialists at 1-888-664-6964. We are happy to answer any questions and help point you in the right direction to accomplish your goals.</p>
<p>If you need short sale help or have questions about a specific short sale transaction please reach out to our community of specialists at 1-888-664-6964. We are happy to answer any questions and help point you in the right direction to accomplish your goals.</p>Looking for florida Lic agent in Orange countytag:shortsalesuperstars.com,2018-08-01:3468065:BlogPost:3940102018-08-01T01:27:43.000ZNina Jihee Yoo, CDPEhttp://shortsalesuperstars.com/profile/NinaJiheeBonan
<p>I have a customer who need agent in Orange county Florida.</p>
<p>It was approved but failed to go to settlement due to buyer's loan.</p>
<p>Please email me asap.TY </p>
<p>nina.bonan@gmail.com</p>
<p>I have a customer who need agent in Orange county Florida.</p>
<p>It was approved but failed to go to settlement due to buyer's loan.</p>
<p>Please email me asap.TY </p>
<p>nina.bonan@gmail.com</p>Short Sale with HERO Assessmenttag:shortsalesuperstars.com,2018-04-09:3468065:BlogPost:3925162018-04-09T19:59:53.000ZTony Moraleshttp://shortsalesuperstars.com/profile/TonyMorales791
<p>As anyone dealt with any short sale lenders that will agree to pay the HERO tax assessment? Are lenders declining short sales due to the HERO being a "future" tax bill rather than a current or delinquent tax? Need responses</p>
<p></p>
<p>As anyone dealt with any short sale lenders that will agree to pay the HERO tax assessment? Are lenders declining short sales due to the HERO being a "future" tax bill rather than a current or delinquent tax? Need responses</p>
<p></p>Sorry.....There's Just No Such Thing As A Great "But"!!!tag:shortsalesuperstars.com,2018-01-29:3468065:BlogPost:3918472018-01-29T01:30:00.000ZBen Benitahttp://shortsalesuperstars.com/profile/BenBenita
<p>While it IS possible to have a great "BUTT", eat right and get in those squats, there is simply NO such thing as a great "BUT"!!!!</p>
<p></p>
<p>I could lose the weight.....BUT</p>
<p>I could improve my relationship....BUT</p>
<p>I could get more clients...BUT</p>
<p>I could close more short sales...BUT</p>
<p> </p>
<p>Just be honest....start following<span> </span>"but" with this phrase:</p>
<p></p>
<p>"but....it's just not that important to me"</p>
<p></p>
<p>and watch how it puts things…</p>
<p>While it IS possible to have a great "BUTT", eat right and get in those squats, there is simply NO such thing as a great "BUT"!!!!</p>
<p></p>
<p>I could lose the weight.....BUT</p>
<p>I could improve my relationship....BUT</p>
<p>I could get more clients...BUT</p>
<p>I could close more short sales...BUT</p>
<p> </p>
<p>Just be honest....start following<span> </span>"but" with this phrase:</p>
<p></p>
<p>"but....it's just not that important to me"</p>
<p></p>
<p>and watch how it puts things into perspective.</p>
<p></p>
<p><span style="margin: 0px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif; vertical-align: baseline; color: #000000;">If you REALLY want to make those resolutions happen, start saying this phrase to the people who will be affected if you DID follow through on those resolutions:</span></p>
<p></p>
<p><span style="margin: 0px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif; vertical-align: baseline; color: #000000;">"Honey, I could lose weight so that I can live longer, be healthier, be better in bed, be a better role model for the kids......BUT it's is just not that important to me!!!"</span></p>
<p></p>
<p><span style="margin: 0px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif; vertical-align: baseline; color: #000000;">"Kids, I could be making more money so that we can live in a better neighborhood, take more trips together, help more people less fortunate than us.....BUT it's just not that important to me!!!"</span></p>
<p></p>
<p><span style="margin: 0px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif; vertical-align: baseline; color: #000000;">No More Excuses!!!</span><br style="color: #000000; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif;"/></p>
<p><span style="margin: 0px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif; vertical-align: baseline; color: #000000;">No More "Buts"!!</span></p>
<p></p>
<p>Making A Difference One Post At A Time!!! </p>
<p><a href="http://www.BenBenita.com">www.BenBenita.com</a></p>
<p><a href="mailto:Ben@BenBenita.com">Ben@BenBenita.com</a></p>
<p></p>
<p>#BBenita123</p>
<p>#Inspiration</p>
<p>#InspirationalQuotes</p>
<p>#Motivation</p>
<p>#MotivationalQuotes</p>Nationstar is now Mr. Cooper!tag:shortsalesuperstars.com,2017-09-12:3468065:BlogPost:3890202017-09-12T15:45:23.000ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>Nationstar is now Mr. Cooper! They do have a new Mr. Cooper letterhead authorization letter and they are still utilizing equator. Nothing internally has changed to our understanding of the short sale process for now. This was a move to re-brand the company.</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com">www.ishortsalenow.com</a></p>
<p>Nationstar is now Mr. Cooper! They do have a new Mr. Cooper letterhead authorization letter and they are still utilizing equator. Nothing internally has changed to our understanding of the short sale process for now. This was a move to re-brand the company.</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com">www.ishortsalenow.com</a></p>HUD lien junior to the first mortgage.tag:shortsalesuperstars.com,2017-07-18:3468065:BlogPost:3886802017-07-18T20:47:03.000ZEdward Goldfarbhttp://shortsalesuperstars.com/profile/EdwardGoldfarb
<p>We had a surprise just before closing on what we thought was a traditional sale. We found out the seller had a loan modification in 2015 that include and $80,000 junior lien from HUD. This made the payoff about $20,000 short to close and HUD would have to agree to take $60,000 to $65,000 and release the lien and note. According to the seller's attorney, HUD doesn't negotiate. I don't believe that because after 500+ closed short sales I've never experienced a lender that would not work with…</p>
<p>We had a surprise just before closing on what we thought was a traditional sale. We found out the seller had a loan modification in 2015 that include and $80,000 junior lien from HUD. This made the payoff about $20,000 short to close and HUD would have to agree to take $60,000 to $65,000 and release the lien and note. According to the seller's attorney, HUD doesn't negotiate. I don't believe that because after 500+ closed short sales I've never experienced a lender that would not work with us.</p>
<p></p>
<p>QUESTION: Has anyone in SuperStar land negotiated a short sale with HUD as the junior lien holder and will they negotiate?</p>Approval Problemstag:shortsalesuperstars.com,2017-07-07:3468065:BlogPost:3875882017-07-07T16:57:20.000ZKathy Moorehttp://shortsalesuperstars.com/profile/KathyMoore
<p>Has anyone been having an even more difficult time getting the approvals over the last 4-5 months than usual? Seems like lenders are holding back since the market has gotten better or is it just me? </p>
<p>Has anyone been having an even more difficult time getting the approvals over the last 4-5 months than usual? Seems like lenders are holding back since the market has gotten better or is it just me? </p>Bayview Financialtag:shortsalesuperstars.com,2017-06-23:3468065:BlogPost:3868162017-06-23T23:23:41.000ZDonna Perryhttp://shortsalesuperstars.com/profile/DonnaPerry
Does anyone have a n escalation contact at Bayview? They are refusing to look at my offer and stop at an auction which is scheduled for July 18, stating there is not enough time to stop it.
Does anyone have a n escalation contact at Bayview? They are refusing to look at my offer and stop at an auction which is scheduled for July 18, stating there is not enough time to stop it.Ditechtag:shortsalesuperstars.com,2017-04-25:3468065:BlogPost:3857562017-04-25T16:00:00.000ZRoberthttp://shortsalesuperstars.com/profile/Robert934
<p>Just initiating a short sale with Ditech with Ginnie Mae as the investor. Trying to see if I need to start off the jump escalating anything to at least get off on the right track... Does anyone know if the servicer will pay for a short sale processor..? Thanks</p>
<p>Just initiating a short sale with Ditech with Ginnie Mae as the investor. Trying to see if I need to start off the jump escalating anything to at least get off on the right track... Does anyone know if the servicer will pay for a short sale processor..? Thanks</p>Shellpointtag:shortsalesuperstars.com,2017-02-09:3468065:BlogPost:3847252017-02-09T20:21:00.000ZRick Houserhttp://shortsalesuperstars.com/profile/RickHouser
<p>Been working a short sale with Shellpoint as the first for over 2 years. Wells Fargo as the second. 1mil a piece owed on both. Wells, 2nd removes their lien and will issue 1099. Shellpoint has been playing games with the file and now on the 4th processor. Give them everything they requested, for the 12 time, and now tell me their foreclosing. Any suggestions??</p>
<p>Been working a short sale with Shellpoint as the first for over 2 years. Wells Fargo as the second. 1mil a piece owed on both. Wells, 2nd removes their lien and will issue 1099. Shellpoint has been playing games with the file and now on the 4th processor. Give them everything they requested, for the 12 time, and now tell me their foreclosing. Any suggestions??</p>TRINITY ASSET MANAGEMENT LLCtag:shortsalesuperstars.com,2017-01-04:3468065:BlogPost:3826902017-01-04T22:28:36.000ZOz Rabinovitzhttp://shortsalesuperstars.com/profile/OzRabinovitz
<p>Looking fir a 2nd lien which was Service released to Trinity Asset Management LLC in Jacksonvill FL, the company was closed in 2009 , any clues of where should i look ?</p>
<p> </p>
<p>Looking fir a 2nd lien which was Service released to Trinity Asset Management LLC in Jacksonvill FL, the company was closed in 2009 , any clues of where should i look ?</p>
<p> </p>Wells Fargo Mortgage Transferred to Rushmoretag:shortsalesuperstars.com,2016-12-27:3468065:BlogPost:3825922016-12-27T03:20:55.000ZKristen Warrenhttp://shortsalesuperstars.com/profile/KristenWarren
<p>Wells Fargo issued a short sale approval about 30 days ago. When the title work was updated we found out the mortgage had been transferred to Rushmore. I thought for sure we would start completely over. Thanks to a rep by the name of Diego he made it happen! Just received updated approval before Christmas. We are closing this Thursday the 29th!</p>
<p>I look forward to helping more homeowner's - short sales are for the greater good. </p>
<p>Let's keep em closing. </p>
<p>Wells Fargo issued a short sale approval about 30 days ago. When the title work was updated we found out the mortgage had been transferred to Rushmore. I thought for sure we would start completely over. Thanks to a rep by the name of Diego he made it happen! Just received updated approval before Christmas. We are closing this Thursday the 29th!</p>
<p>I look forward to helping more homeowner's - short sales are for the greater good. </p>
<p>Let's keep em closing. </p>Short Sale Processing Supporttag:shortsalesuperstars.com,2016-12-13:3468065:BlogPost:3820692016-12-13T23:13:10.000ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p><b>Why Use A Short Sale Processor?</b></p>
<p>“No one can whistle a symphony. It takes a whole orchestra to play it.” </p>
<p>Some agents will not touch a short sale file without their processor(s) and others are scared to relinquish any control whatsoever. We come across a mix of both and find that once an agent has a processor who adds enough value to their business they will never turn back.</p>
<p>A processor should know 10X than you about short sales and everything that goes into…</p>
<p><b>Why Use A Short Sale Processor?</b></p>
<p>“No one can whistle a symphony. It takes a whole orchestra to play it.” </p>
<p>Some agents will not touch a short sale file without their processor(s) and others are scared to relinquish any control whatsoever. We come across a mix of both and find that once an agent has a processor who adds enough value to their business they will never turn back.</p>
<p>A processor should know 10X than you about short sales and everything that goes into facilitating the transaction to the fullest. From client management, foreclosure postponement, servicer and investor guidelines, to completing a short sale with multiple mortgage liens, judgments, and tax liens, no transaction should be beyond your processors comprehension.</p>
<p>Many top producing agents see the following values in a high-end processor:</p>
<ul>
<li>Leverage others to free up time to prospect and build their business.</li>
<li>Increase Value to clients with a loss mitigation team in their corner.</li>
<li>Expedite and Stream Line Short Sale Transactions</li>
</ul>
<p><b> </b></p>
<p><b>How To Compensate A Short Sale Processor</b></p>
<p>There are a few different ways that you may be able to have a short sale processor paid that can keep you from coming out of pocket. If the deal doesn’t close, the processor shouldn’t be paid a penny.</p>
<p>Here a few ways to compensate a processor depending on servicer and state guidelines.</p>
<ul>
<li>Ask The Servicer To Pay The Fee On The Settlement Statement</li>
<li>The Buyer May Be Willing To Pay The Short Sale Processing Fee</li>
<li>Increase Commission Split Towards Listing Side To Offset Processor Fee Paid By Listing Side</li>
<li>Combination Of The Above</li>
</ul>
<p>Give me a ring at 1-800-692-9960 to discuss the value we can add to your business in the short sale and loss mitigation realm of real estate.</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com">www.ishortsalenow.com</a></p>BOK Financialtag:shortsalesuperstars.com,2016-09-22:3468065:BlogPost:3797712016-09-22T04:08:20.000ZVincent Donaldsonhttp://shortsalesuperstars.com/profile/VincentDonaldson
<p>I have a short sale signed up out of Tulsa OK for the Bank of Oklahoma. Part of BOK Financial Corp, BOKF, which <span>operates seven banking divisions: </span><a href="http://www.bankofarkansas.com/">Bank of Arkansas</a><span>, </span><a href="http://www.bankofalbuquerque.com/">Bank of Albuquerque</a><span>, </span><a href="http://www.bankofarizona.com/">Bank of Arizona</a><span>, </span><a href="http://www.bankofkansascity.com/">Bank of Kansas City</a><span>,…</span></p>
<p>I have a short sale signed up out of Tulsa OK for the Bank of Oklahoma. Part of BOK Financial Corp, BOKF, which <span>operates seven banking divisions: </span><a href="http://www.bankofarkansas.com/">Bank of Arkansas</a><span>, </span><a href="http://www.bankofalbuquerque.com/">Bank of Albuquerque</a><span>, </span><a href="http://www.bankofarizona.com/">Bank of Arizona</a><span>, </span><a href="http://www.bankofkansascity.com/">Bank of Kansas City</a><span>,</span><a href="http://www.bankofoklahoma.com/">Bank of Oklahoma</a><span>, </span><a href="http://www.bankoftexas.com/">Bank of Texas</a><span>, and </span><a href="http://www.csbt.com/">Colorado State Bank and Trust</a><span>. </span></p>
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<p>I have searched their site for the better part of an hour, and Bank of Texas which is a mirror of the Oklahoma site, with not a page, paragraph, link, phone number, department or even direct searches for short sale or mortgage help, or RMAs showing up anywhere. Has anybody done a short sale with Bank of Oklahoma, or any of the BOKF affiliates and have their short sale department contact and fax information? Could not find them on our site either. </p>
<p></p>Investor says Short Sale is No longer an option...tag:shortsalesuperstars.com,2016-08-25:3468065:BlogPost:3797822016-08-25T15:20:05.000ZRobert A. Carrinohttp://shortsalesuperstars.com/profile/RobCarrino
<p>Anyone see this? Suggestions?</p>
<p>Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a short sale and the available options are Deed-in Lieu , SPS modification and Repayment Plan. She said there is nothing that SPS can do to lift the restriction. And so I asked for the name of the investor on the file and she said she will send in a request for the investors name to be sent…</p>
<p>Anyone see this? Suggestions?</p>
<p>Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a short sale and the available options are Deed-in Lieu , SPS modification and Repayment Plan. She said there is nothing that SPS can do to lift the restriction. And so I asked for the name of the investor on the file and she said she will send in a request for the investors name to be sent through fax. I should receive it in 3 business days. I also requested for an updated payoff quote which is good until Sept.10 and I will received it in 1-5 business days through fax. There is no foreclosure sale at this time.</p>
<p>(Brenda's update on Aug. 25)<br/> Spoke with Tiffany Bosnik with SPS. She researched the notes and the investor's decision is the following:<br/> Determined that the Short Sale is not Feasible<br/> Borrower/Seller can either take a DIL or a Short Pay (one time lump sum short of what is owed paid in certified funds)</p>Wells Fargo - Short Sale Rejected - Looking For Suggestionstag:shortsalesuperstars.com,2016-08-22:3468065:BlogPost:3792112016-08-22T12:55:18.000ZJames Faulknerhttp://shortsalesuperstars.com/profile/JamesFaulkner
<p>After dragging my short sale request out for almost ten months on a 3 family house, and after telling me they were going to order an appraisal they rejected my short sale request. The reason they gave me "Occupancy or Rented more than 18 months PFS/DIL requirement not met". Its a BS reason. </p>
<p>I am fighting it through the executive escalation team. Unfortunately because of my job I cannot miss payments on the mortgage to pressure the bank. This property is ruining me financially and…</p>
<p>After dragging my short sale request out for almost ten months on a 3 family house, and after telling me they were going to order an appraisal they rejected my short sale request. The reason they gave me "Occupancy or Rented more than 18 months PFS/DIL requirement not met". Its a BS reason. </p>
<p>I am fighting it through the executive escalation team. Unfortunately because of my job I cannot miss payments on the mortgage to pressure the bank. This property is ruining me financially and mentally. I would love to hear ideas on any other options I might have to get Wells to reverse their decision. Does anybody have some contacts at Wells that have some decision making ability?</p>
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<p>Thanks,</p>Beaumont, California Short Sale REALTORS - Helping People with the Short Sale Processtag:shortsalesuperstars.com,2016-07-15:3468065:BlogPost:3768632016-07-15T17:30:00.000ZGarrigus Real Estate Grouphttp://shortsalesuperstars.com/profile/GarrigusRealEstate
<p style="text-align: center;"><strong><a href="http://Beaumont-CA-Real-Estate.com" target="_blank">Realtors in Beaumont</a></strong></p>
<p style="text-align: center;"><strong>Beaumont, California Short Sale REALTORS - Helping People with the Short Sale Process</strong></p>
<p>Are you under-water on your Beaumont, California home? Have you experienced a hardship that has made paying your mortgage difficult or impossible? We can help you. Whether you occupy the home, its vacant or a rental, we…</p>
<p style="text-align: center;"><strong><a href="http://Beaumont-CA-Real-Estate.com" target="_blank">Realtors in Beaumont</a></strong></p>
<p style="text-align: center;"><strong>Beaumont, California Short Sale REALTORS - Helping People with the Short Sale Process</strong></p>
<p>Are you under-water on your Beaumont, California home? Have you experienced a hardship that has made paying your mortgage difficult or impossible? We can help you. Whether you occupy the home, its vacant or a rental, we have helped many Beaumont homeowners and other Southern California residents short sale their homes and avoid foreclosure.</p>
<p><strong>WE ARE BEAUMONT CA SHORT SALE REALTORS</strong></p>
<p>Here's a quick summary of who we are:</p>
<ul>
<li>We have lived and worked in Beaumont, California since 2007/2008, and have been helping Beaumont homeowners sell their distressed homes since the market crash.</li>
</ul>
<ul>
<li>We specialize in short sales! We've helped many homeowners negotiate with banks and lenders. We've worked with all the major banks, and most of the small ones too. WE KNOW THE SHORT SALE PROCESS AND WE KNOW WHAT WE ARE DOING.</li>
</ul>
<ul>
<li>We are a husband and wife team, and we are full service short sale agents. We handle all aspects of the short sale process from beginning to closing. And we never, EVER charge you a dime for our short sale services.</li>
</ul>
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<p>As of this post its July 2016. Yes, the market has recovered, but not all Beaumont homes have regained their purchase value! If you're still struggling to maintain that under-water home, call us and let's discuss your options:</p>
<p></p>
<p style="text-align: center;"><strong>Todd & Devona Garrigus</strong></p>
<p style="text-align: center;"><strong>Garrigus Real Estate Group/HomeSmart Professionals</strong></p>
<p style="text-align: center;"><strong>(951) 490-3683</strong></p>
<p style="text-align: center;"><a href="http://garrigusrealestate.net/real-estate-short-sale-formula/" target="_blank">Check out our Short Sale Formula</a></p>
<p style="text-align: center;"><a href="http://garrigusrealestate.net/short-sale-info/short-sale-beaumont-ca-real-estate-short-sale-agents-realtors-specialists/" target="_blank">Beaumont CA Short Sale REALTORS</a></p>Fannie Mae1st is made whole +, Will they pay more than $6000 to 2ndtag:shortsalesuperstars.com,2016-06-14:3468065:BlogPost:3757882016-06-14T14:44:26.000ZRobin Lemmonshttp://shortsalesuperstars.com/profile/RobinLemmons
<p>I have a fannie mae 1st and a Wells Fargo 2nd. If the 1st is made whole plus more, can the first apply the overage to the 2nd above the $6000?</p>
<p>I have a fannie mae 1st and a Wells Fargo 2nd. If the 1st is made whole plus more, can the first apply the overage to the 2nd above the $6000?</p>Reverse Mortgage Short Saletag:shortsalesuperstars.com,2016-05-06:3468065:BlogPost:3732772016-05-06T11:30:40.000ZIRMA KNIGHThttp://shortsalesuperstars.com/profile/IRMAKNIGHT
<p>Hello everybody:</p>
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<p>I just got a listing on a Reverse Mortgage Loan and I will have to do a short sale because the owner owes more than the house is worth. We are short by 20k. Does anybody here has done a short sale where the loan is a Reverse Mortgage?</p>
<p>Is the process the same as a regular Short Sale? Thanks,</p>
<p>Hello everybody:</p>
<p></p>
<p>I just got a listing on a Reverse Mortgage Loan and I will have to do a short sale because the owner owes more than the house is worth. We are short by 20k. Does anybody here has done a short sale where the loan is a Reverse Mortgage?</p>
<p>Is the process the same as a regular Short Sale? Thanks,</p>Di-Tech/ Green Tree Lending Servicingtag:shortsalesuperstars.com,2016-04-21:3468065:BlogPost:3728152016-04-21T21:24:42.000ZMichael Lhttp://shortsalesuperstars.com/profile/MichaelL
<p>Has anyone every work ever worked with Di- Tech/ Green Tree Lending Servicing.</p>
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<p>This is my first short sale and I always find it amazing how some short sales are approved and others are not.</p>
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<p>Respectively,</p>
<p> </p>
<p> </p>
<p>Michael</p>
<p> </p>
<p>703 825 9579</p>
<p>Has anyone every work ever worked with Di- Tech/ Green Tree Lending Servicing.</p>
<p> </p>
<p> </p>
<p> </p>
<p>This is my first short sale and I always find it amazing how some short sales are approved and others are not.</p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p>Respectively,</p>
<p> </p>
<p> </p>
<p>Michael</p>
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<p>703 825 9579</p>4 Hubzu Listings Removed for Encumbrance House on My Landtag:shortsalesuperstars.com,2016-04-05:3468065:BlogPost:3712702016-04-05T07:59:57.000ZPamela H. Kinzeyhttp://shortsalesuperstars.com/profile/PamelaHKinzey
<p>Layman, here. I don't do real estate. But I have recent experiences that some of you might want to know about.</p>
<p>Since Nov. I have had Hubzu to remove listings for an encumbrance modular home that rests on my land, on not one, not two, not three, but four occasions. Finally, Hubzu has corrected the listing to represent their land only. But if I had not searched the address when I saw signs of renewed activity at the house. I would have an unwelcome family living in my…</p>
<p>Layman, here. I don't do real estate. But I have recent experiences that some of you might want to know about.</p>
<p>Since Nov. I have had Hubzu to remove listings for an encumbrance modular home that rests on my land, on not one, not two, not three, but four occasions. Finally, Hubzu has corrected the listing to represent their land only. But if I had not searched the address when I saw signs of renewed activity at the house. I would have an unwelcome family living in my yard. </p>
<p>The first listing was an auction that said "...No viewing,... DO NOT DISTURB OCCUPANT,..., buyer must take possession of property,... no contingencies, cash only..." No pics. but a description of the house. The house has been vacant for 6 yrs. They had just winterized it, and anyone could tell that no one but rats and birds have been there in a while.. On the house was posted a dispossessory for the bankrupted former occupant that moved out in 2010. I see that they also had the boundary line resurveyed, It agrees with the previous survey that shows the house to be on my land, rather than the adjacent property that they are advertising. The agent e-mailed apologies, with a quote sent to him from Ocwen counsel saying that they were under no obligation to move the house (as I had formerly requested and they had said they would do), and that it would be appropriate to list as land only. I said this is fine- I can use the house, and the agent said he would have the property relisted as land only.</p>
<p>After a few weeks, the second Hubzu listing showed This time a normal sounding listing with no red flags, but complete with inside and outside pics. of the house they said they wouldn't list. Also, all over MLS. Again, the polite agent removed it, apologized and promised to get it relisted as land only, and said he had alerted everyone to stay away from the house. (After I threatened to have trespassers arrested.) </p>
<p>The day after that an Altisource guy came out with a sign, and called me to find out where to put it. He was confused by the barbed wire, flagging tape, 15 no trespassing signs,and house not for sale sign.I had just put up..I noticed after he put up the sign and left, that it says " Buy this house at Hubzu.com. Listing agent Owners.com." The day after that an appraiser called to ask if she could cross my fencing to appraise the house. I told her that I was told she should appraise the land only. "Ohhh", she replied. </p>
<p>So, along came the third (and sneakiest) set of listings; again for the house that is on my property. These ads were not on Hubzu, but Homes.com,, RealtyStore, and foreclosure.com,and possibly others. The headings just said address not disclosed and /or name of city. Only pics. of the interior of the house were shown. But one ad had the address within the body. These are listings requiring credit card info.to get agent name & details. The agent that removed the other ads said he had no control over these listings; just Hubzu & MLS. So, I called Owners.com who connected me with Hubzu within seconds.I threatened with television exposure, and said the house needs to remain unsold and unlisted.The listings came down. </p>
<p>The agent agrees that the listing should be for land only. He connected me with the Ocwen ombudswoman, saying this should fix things, She called a few times and said"...According to my research, we don't own that house..." She said she'd talked to preservation dept. and whomever to list as land only. When I said" it needs to contain no pictures of the house...", I hear a deep sigh and "I trust they will do that."</p>
<p>Then came the fourth listing, again with pics. of the house, inside & out. The agent says he will relist it as land only, and send a copy of my e-mail to the ombudswoman.. Guess what? It is now, finally shown as land only on Hubzu and other sites. </p>
<p>Here's the strangest part of the story. Around the closing of auction one, I exchanging e-mails with a foreign accented Altisource employee in order to get over the language barrier, and send copies of my plat, etc. Two days later, I hate to admit, I succumbed to a Microsoft impersonator computer hacker with a similar accent. He even said my computer had been hacked through my e-mail. Didn't say HE was the hacker. Then the hacker called back 1-2 days after the second listing removal. Then he called back 1-2 days after the closing of the third set of listings. But no call after taking down the last one....yet...Synchronicity interests me...I'm sure there's no connection....whatsoever.</p>
<p>Moral of story: Don't buy sight unseen. Go to county tax assessor aerial maps, Look also at aerial maps of your neighbors' properties. These may reveal encumbrances. Insist on a recent plat that shows boundaries and structures. Walk the property line. Talk to the neighbors. If a listing says no viewing, it may not be just to insure the occupant's privacy.</p>
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