Added by Marcy Moyer on July 30, 2010 at 6:30pm — No Comments
"Don and Wendi Sheets did a great job at selling our house. We had it on the market for a year and half when we hired them, they came in and gave us realistic advise and ideas. We nearly lost the house to foreclosure but they helped us through a short sale situation and saved us $30,000 in process. They are a no nonsense team with a ton on knowledge in short sales. We are very…Continue
Added by Wendi Sheets CDPE, FIS, SFR, CRS on July 30, 2010 at 2:44pm — No Comments
Added by Nikki on July 30, 2010 at 12:03pm — No Comments
Well this one was not easy. Sun Trust took 11 months to approve this Short Sale! Nine of those were
waiting on the file to be assigned to a negotiator. During this time we
lost 2 buyers and finally found one to stick.....I thought. About 3
weeks ago I received the approval to close. Even though I had
communicated with the Buyer's agent every week for the last 9 months I
Added by Bryant Tutas on July 29, 2010 at 2:37pm — No Comments
Beautiful 3 bdrm/ 2 bth family home with rocking chair from porch originally sold on July 19, 2010 for $109,829.00. Our short sale approval timeline is as follows:
June 9, 2010 - Submitted short sale paperwork to lender along with offer and preliminary HUD-1
July 15, 2010 - BPO assigned to area agent.
July 22, 2010 - BPO received by lender.
July 23, 2010 - File assigned to…
Added by Vanessa Calhoun on July 29, 2010 at 12:30pm — No Comments
For years, the term “short sale” has been the antithesis of the real estate market….from holding your breath for seemingly an eternity waiting for a loss negotiator to let you know whether or not you’ve reached their “golden figure” to wondering whether or not the listing agent is acting as an automatic offer vessel funneling as many offers to the lender as humanly possible. Let’s face it, for…Continue
Added by Vanessa Calhoun on July 28, 2010 at 7:27pm — No Comments
here is my horrer story...
2 banks were involved, placed an offer on october 2009 on this short sale property. this property was orginially in the market as a short sale from june 2009,
at one point 1st bank ordered a BPO ( internal), and 3 weeks letter they ask us if we close in 4 days ( that was end of april 2010). we were not ready, however at the same time first bank reealize that there is 2nd bank involved.. i am not sure why sellers agent did not work with…Continue
Added by y on July 28, 2010 at 11:10am — No Comments
Has anyone worked or closed a short sale with Primary Financial Services, LLC based in Phoenix AZ? They are the collection company Wells Fargo Home Equity sells off to. I'm working a file where Wells is the 1st and PFS is the 2nd. Wells has agreed to pay 10% or $8K to PFS, but PFS wants 20% or $16K. I'm looking for a good contact to escalate to or for any ideas you may have. This is a CA purchase money deal so there is no recourse against the seller. PFS stands to lose a lot of money if this…Continue
Again, we were shocked but excited by the Short Sale Approval letter language waiving Bank of America’s…Continue
Finding the Short Sale Superstars have been like taking a deep breath of air. I have read till I'm seeing double and still want more. The knowledge that is shared on this site is priceless. I get the reassurance that I really do know what I'm doing. I just needed to bounce it off of someone that has had the same experience. As you all well know, there's not ever one deal the same, but close. So when you question yourself, just ask one of the Superstars and you'll get the accalades that you…Continue
Hi ..We are looking for a really good SS management software program?
Ideally we would like it to have the capability to track the sale and a calendar timeline with reminders, have a running communication log, forms to access. file information and documents storage, analysis spreadsheet, contact database and maybe fax capability ...etc. Dreaming about that program that has all the buzzers and bells...maybe could cook dinner too!! ;-)
This looks like a great group for networking about Short Sales.
How can I tell how many members are here total as part of Short Sale Superstars?
Added by Jim Wood on July 22, 2010 at 9:23am — No Comments
The person who negotiates with a lender on behalf of a homeowner needs a license, either under NRS 645 or NRS 645F. In the case of a real estate licensee who maintains a license under NRS 645, that licensee must be part of a real estate transaction with the homeowner. Any other person - even an unlicensed assistant in the brokerage office - who negotiates with the lender would fall under NRS 645F, and needs a license from the Mortgage Lending…Continue
Added by Dawn Barrier Prominent Realty Gr on July 22, 2010 at 7:51am — No Comments
what is the deal with hafa short sale versus regular. I am submitting mine through equator and when does it give me the option of going hafa or regular?
Please advise. Thank you
Added by Maxwell Parsons on July 20, 2010 at 4:35pm — No Comments