May 2013 Blog Posts (20)

Corona Short Sale Agents

Corona Short Sale Agents

Are you considering short selling your Corona house or property? Are you unsure where to start? The first step to successfully short sale your Corona home is to find the right Corona short sale agent.

What is the right Corona short sale agent? The right Corona short sale agent is competent and experienced…

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Added by Garrigus Real Estate Group on May 30, 2013 at 4:36pm — No Comments

Real Estate Agent in Oregon, Wisconsin

We would like to introduce you to our home buyer specialist, Bethany Alexander, Realtor® serving the Oregon, Wisconsin area!…

Dane County WI Real Estate
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Added by Michael Collins, CDPE, SFR on May 30, 2013 at 2:23pm — No Comments

Wisconsin Short Sale Closing!



We are happy to announce the closing on another one of our short sale listings, this time in Oxford, WI! This was an Associated Bank negotiated short sale. Short sale transactions can be complex, but if you have an experienced Short Sale Realtor® the process…
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Added by Michael Collins, CDPE, SFR on May 28, 2013 at 7:58am — No Comments

NEWSLETTER: Does FHA PFS Always Limit Closing Costs Assistance To 1%?

 

Good morning Superstars,

 

Here's a sampling of this week's superstar discussions.

 

Discussions Replies…
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Added by Bryant Tutas on May 19, 2013 at 4:30am — No Comments

Which Offer Should A Short Seller Pick In A Multiple Offer Situation?

Today's market (5/13/13) favors sellers as we have rapidly shifted from a buyers market to a strong sellers market. This means, short sellers are typically in multiple offer situations and now have choices on offers to choose from. So which offer should the seller choose? Let's explore two important aspects of a short sale purchase and sale agreement that should sway your decision.

What type of financing is…

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Added by Peter J Kim on May 13, 2013 at 3:18pm — No Comments

Anyone Looking For A Short Sale Specialist In Polk County,Florida

My name is Reta Stead and I am a short sale specialist in Polk County Florida I have been successfully closing short sales for over 12 years so if you want a specialist with a proven track record give me a call.

Reta Stead/broker owner Southern belle Realty 863-956-3404.

Added by Reta Stead on May 12, 2013 at 4:25am — No Comments

NEWSLETTER: Is There An Automatic Deficiency Waiver With A FHA PFS?

 

Good morning Superstars,

 

Here's a sampling of this week's Superstar discussions.

 

Discussions Replies…
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Added by Bryant Tutas on May 12, 2013 at 3:30am — No Comments

The Spouse In A Short Sale May Be Guilty By Association

We received this question recently:

Hi Broker Bryant,  I'm in the process of doing a Short Sale on my home. My husband is on the deed but…

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Added by Bryant Tutas on May 10, 2013 at 5:30am — 6 Comments

Us Bank approves short sale then rescinds it! anybody else?

The corruption of the banks continue here still in Las Vegas! Us Bank approved a short sale after 8 months of gruelling work only to delay in approving the final closing Hud ( nearly two weeks ago).  The Presidential office now inform me they are rescinding the agreement as they state the seller makes too much money!  This after they already approved sellers based on pay stubs and current tax years.  Anybody else have a similar experience?  We are starting the fight and intend to expose…

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Added by Walter Dowling on May 8, 2013 at 11:32pm — 3 Comments

Do You Want More Short Sale Leads?

Good morning Superstars.…

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Added by Bryant Tutas on May 8, 2013 at 5:30am — No Comments

Brother wants Referral Commission

We have this situation.
Seller is not an agent but wants to short sale his home here in Tehachapi.
Brother to seller is a licensed CA realtor and wants a commission referral.  Is he allowed to get the commission or not due to the arms length stuff?
Thanks,
Lola traylor REMAX

Added by Lola Traylor on May 7, 2013 at 4:13pm — No Comments

Wacky world of Short Sale to be continued.....

Ok it looks like I will lose this argument for now and will comply with the last minute demand by Chase that the commission is reduced to 5%. I have not had to do this before. Mostly lucky I guess that they have been Fannie or Freddie short sales. The negotiator on this file made the thinly veiled implication that a file has to be closed if it cannot move forward because of compliance issue. She did not come out and say it of course that acceptance of the offer is subject to agent’s…

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Added by Mike Smiley on May 7, 2013 at 2:01pm — No Comments

Beware of Fraudulent Short Sale Schemes - and the Fraudsters who perpetrate them. (Source: www.FBI.gov)

Short Sale Schemes



A real estate short sale is a type of pre-foreclosure sale in which the lender agrees to sell a property for less than the mortgage owed. Short sale fraud consists of false statements made to loan servicers or lenders that take the form of buyer or seller affirmations of no hidden relationships or agreements in place to resell the property, typically for a period of 90 days. One of the most common forms of a short sale scheme occurs when the subject is alleged to… Continue

Added by Becki Weaver on May 7, 2013 at 7:35am — 1 Comment

Welcome to the wacky world of a short sale

Ok so how about some feedback on this one.  I listed a short sale that was originally a WaMu loan and the seller is getting 20,000. Beside the point of course but here is what happened. I submitted an offer by way of Equator and after the appropriate time for it to ferment, they finally made a decision and accepted the short sale with payment of a customary 6% commission. This was a written approval letter folks from Chase. Well the offer than fell apart and buyer walked. I than…

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Added by Mike Smiley on May 6, 2013 at 9:49am — 1 Comment

NEWSLETTER: Seller Says No To Short Sale Offer

 

Good morning Superstars.

 

Here's a sampling of this week's Superstar discussions.

 

Discussions Replies…
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Added by Bryant Tutas on May 5, 2013 at 4:30am — No Comments

Chase is saying FNMA must PP the FC - FNMA is saying that Chse must PP the FC - HELP!!!!

Long story short - it's an EQ file ... ONE mortgage with Chase

Chase has had a FMV Offer on file since April 1st

We have met THREEE (3) people at the property who have done BPOs / Appraisals

FC is set for May 7th

They have ALL DOCS and have HAD ALL docs since about April 9th

Chase is saying FNMA must PP the FC - FNMA is saying that Chse must PP the FC - HELP!!!!

I have TRIED to escalate at FNMA and they clsoed my ticket out saying NO BPO has been…

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Added by Trina on May 2, 2013 at 2:19pm — 1 Comment

Short Sales coming up in La Quinta, California

I haven't been listing nearly as many short sales this year. There are not as many upside down homeowners here in the Palm Springs Valley, and that's a good thing!  I have also become very saavy about which short sales have the highest percentage for a successful closing.

New La Quinta short sales coming up…

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Added by Kimberley Kelly on May 2, 2013 at 5:30am — No Comments

Mike Collins with Rock Realty did more than 110 Percent!

Rock Realty Client Testimonials



"This was a great effort from Mike Collins. He did a super super job with the selling of our home in Wisconsin. I could not ask for more from him as he kept me well informed of things going on and we are 1200 miles apart. He did more than a 110 percent job on everything. Even removing snow and whatever it took to have our home ready to show. Again, THANKS Mike for everything. Great Job!!!!!!"

Phyllis Pearson (Rock…

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Added by Michael Collins, CDPE, SFR on May 1, 2013 at 8:30am — No Comments

Surviving In Real Estate Requires "growing a pair"

Are you working on getting business today? I am. In fact it's what I do every day. My job is generating business. For any one wanting to work in real estate, as a career, generating business is the number one skill you must learn.



First and foremost it requires work. Not hard work but consistent and persistent…

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Added by Bryant Tutas on May 1, 2013 at 5:45am — 1 Comment

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