July 2013 Blog Posts (26)

SunTrust Short Sale - - Should I continue to wait?

 

Hi, I am a buyer... I submitted a bid to purchase a home in Bradenton, FL in mid January 2013. The Seller accepted. I do not have a realtor. The Seller has an Attorney and a realtor. The realtor works for the attorney's office. My contract noted that no other bids could be submitted. A BPO was completed in early April. A negotiator was assigned. It is only 1 loan. I did obtain an attorney in the area shortly after I submitted my bid. The Seller's realtor says she…

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Added by SamRoberts on July 30, 2013 at 6:34am — 6 Comments

Short Sale Superstars Referral Program

Good morning Superstars.

 …

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Added by Bryant Tutas on July 28, 2013 at 3:12am — No Comments

NEWSLETTER: Are The Banks Manipulating Appraisals?

 

Good morning Superstars.

 

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

 

And don't forget to sign up for the Webinar this Wednesday: How to Set Up Your Lead Nurture Campaign to Grow Your…

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Added by Bryant Tutas on July 28, 2013 at 3:00am — No Comments

Which Banks Are Currently Paying 8% - 10% commission to agents on their Portfolio Loan Short Sales?

For those that saw us on the short sale cruise in February – YOU ALREADY KNOW!!!

 

For those agents that are currently making better use of their time and letting us process your short sales – YOU ALREADY KNOW!!!

 

FINALLY you can get what you are worth!!!

 

Short sales are can take dozens of hours to complete and some banks finally are admitting THEY LOSE MORE MONEY when they have to foreclose!!!!

 

In our first monthly newsletter -  …

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Added by Ben Benita on July 27, 2013 at 3:51pm — No Comments

Wisconsin June 2013 Housing Statistics

The Wisconsin housing statistics are in for June of 2013. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Wisconsin home sales rose an impressive 11.4 percent in the first six months of 2013 compared to last year, according to recent statistics compiled by the Wisconsin REALTORS® Association (WRA). In June alone, Wisconsin home…

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Added by Michael Collins, CDPE, SFR on July 25, 2013 at 11:40am — No Comments

SHORT SALES DO CLOSE in San Fernando Valley Los Angeles CA - VENTA CORTA

(818)276-6882  Lupe Soto  Short Sale Negotiator (hablo espanol)  "NO commission"  por favor sirvase comunicar con Lupe Soto para explicarle como evitar embargo de su casa, condo o de su segunda inversion o renta hipoteca. Gracias.

http://www.ShortSaleAgentLupe.com

AREAS de servicio en San Fernando Valley, Los Angeles County, Ca

Arleta, Burbank, Canoga Park, Calabasas, Chatsworth, Encino, Glendale, Granada Hills, Hidden…

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Added by Lupe Soto on July 25, 2013 at 12:00am — No Comments

Short Sales- AS IS Contingency & Inspections

Hello,

I am going through my first AS-IS, short sale transaction (as a Buyer's Agent) and would like to know who is responsible for turning on water services at property?  Property is vacant.  The Lender has winterized the plumbing supply in the house, yet, has allowed the Owner (non-occupant)  to keep electricity on.  Is it the Purchaser's, Seller's or Lender's duty to hire a plumbing company to turn on water for inspection purposes?

Please…

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Added by Alfred Purcell on July 22, 2013 at 11:18pm — 3 Comments

Has anyone done a Short Sale with World Savings Bank?

I am initiating a short sale with World Savings Bank by way of Wachovia and I was told that the only thing needed once Third Party Auth form is received  would be the Offer/Contract, Hud 1, & Hardship letter. Please let me know if you have had any dealings and/or if this is the correct process. Does not sound like it but anything is possible these days.

Added by Irma E. Collins on July 22, 2013 at 9:14am — 1 Comment

NEWSLETTER: Third Lien Holder Is Holding The Short Sale Hostage!

 

Good morning Superstars.

 

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

 

Discussions Replies…
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Added by Bryant Tutas on July 21, 2013 at 2:30am — No Comments

Should Your Seller Miss Payments - WELL, WHEN PAYMENTS ARE LATE, FREDDIE MAC WILL APPROVE A LOWER OFFER!!!

Servicer - Wells Fargo

Investor - Freddie Mac

Mortgage Insurer - NONE



We received this in Equator this morning, apparently:

Equator Message:

Offer in Review The Investor is requiring a net of $242,000 based on the deliquency of this file. Discuss with the buyer how they would like to reach the net requested. Due to the fact that the borrower is current on the mortgage, the minimum net proceeds (mnp) is substantially higher than a property…

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Added by Ben Benita on July 18, 2013 at 5:00pm — No Comments

Success Plan for Investing in Rental Property

photo credit: ifmuth via photopin cc

It Takes a Good Plan to be Successful in Rental…

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Added by Michael Collins, CDPE, SFR on July 17, 2013 at 7:07am — No Comments

I think I now have 6 different ISSUES with B of A that I would LOVE to tell local media about. My newest one, input WELCOME

B of A HELOC is DEMANDING that the Buyer pay for and SEND THEM an appraisal.

Without this, he will close the file.
My negotiator actually told me to FIND A NEW BUYER, one that will pay for and SEND THEM an appraisal?????!!!!

Are you Serious!!!!
I have escalation contacts....but this is just ABSURD!!!!

WHY WOULD ANY BUYER PAY FOR AN APPRAISAL FOR THE BANK BEFORE GETTING AN APPROVAL LETTER!!!

DUMB DUMB DUMB (kindest words I could find)

Added by Ben Benita on July 16, 2013 at 11:13am — 5 Comments

Picking a Profitable Rental Property

photo credit: contemplative imaging via photopin cc

How to Pick Profitable Rental…

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Added by Michael Collins, CDPE, SFR on July 16, 2013 at 7:29am — No Comments

Is Rental Property a Safe Investment

photo credit: JMS2 via photopin cc

Financial Gurus Still Believe Rental Property Is a Safe…

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Added by Michael Collins, CDPE, SFR on July 15, 2013 at 10:11am — No Comments

NEWSLETTER: Fannie Mae and Freddie Mac Now Dictating MLS Market Time

 

Good morning Superstars,

 

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

 

Replies Latest Activity…
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Added by Bryant Tutas on July 14, 2013 at 3:00am — No Comments

Adding the Title of Landlord Behind Your Name

photo credit: janet.powell via photopin cc

Things to Consider Before You Add "Landlord"…

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Added by Michael Collins, CDPE, SFR on July 12, 2013 at 7:20am — No Comments

Preparing to Purchase that First Rental Home

photo credit: reallyboring via photopin cc

Advice About Purchasing…

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Added by Michael Collins, CDPE, SFR on July 11, 2013 at 2:05pm — No Comments

Thank You for Being Open and Honest

Rock Realty Client Testimonials



"Mike & Matt,

Thank you so much for helping us find our dream home! We love it! Thank you for the many hours spent in research, travel, phone calls, and emails. Thank you for being open & honest with us every step of the way! We felt we could trust you 100%. We really enjoyed working with you and highly recommend you to others.

Thanks!"

Kevin & Abby G. (Madison,…

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Added by Michael Collins, CDPE, SFR on July 10, 2013 at 7:43am — No Comments

Can't afford a home inspection???? Then, you can't afford to buy a home!!!

It seems that we've weathered the storm of the foreclosure craze and have experienced a massive pendulum shift in which home seller's can pretty much dictate what they want for a change. Multiple offer and calls for highest and best on NORMAL market sales have become the norm for some markets. All of this is absolutely outstanding.....if you're looking to sell your home.…

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Added by Vanessa Calhoun on July 9, 2013 at 8:10am — No Comments

2 lien holders asking for approval

hello i have 2 lien holders the first lien holder refuses to review the file until the 2nd lien holders approves the short sale.  has anyone ever run into this? 1st is Nation Star the 2nd is Citizens bank.  1st is only allowing 3k to the second and the second refuses to take anything less than 6k.  Each want to see an approval letter from the other.  Any advice, TIA

Added by Valerie on July 8, 2013 at 1:31pm — 1 Comment

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