November 2013 Blog Posts (27)

2nd Mortgage Loan After Bankruptcy - Understanding The Basics

Added by David Heroux on November 30, 2013 at 8:19am — No Comments

Short Sale

A short sale can be an excellent solution for homeowners who need to sell, and

who owe more on their homes than they are worth. In the past, it was…

Added by Scott D. Remenaric on November 27, 2013 at 11:30am — No Comments

Prospects Dim for Bills to Delay Flood Insurance Rate Hikes

Added by David Heroux on November 27, 2013 at 11:00am — No Comments

Consolidate 1st And 2nd Mortgages Into One Low Payment

Added by David Heroux on November 26, 2013 at 8:00pm — No Comments

Corporations can be bullies too……

So my question is why is it that agents individually, continue to have to defend their paycheck against investor’s efforts to reduce commissions below the customary 6% and the never ending interference with a contract of which they are not a legal party to? Why is there not some sort of class action lawsuit on behalf of many thousands of agents that would have a ligament claim? Why is there not some sort of collective representation for real estate agent?

I would like…


Added by Mike Smiley on November 26, 2013 at 3:16pm — 1 Comment

A Guide To Home Mortgage Rates

Added by David Heroux on November 22, 2013 at 8:29pm — No Comments

3 of the top 9 reasons that the real estate bubble is bursting

Added by David Heroux on November 21, 2013 at 7:52pm — No Comments

VA Compromise Sale Net Change - Good News!

VA Compromise Sale percentage

They finally did it! After years of the VA Compromise Sale net requirement being 88.13% of the VA liquidation appraisal value, it has been reduced! It is now 85.05%.  The VA Circular 16-13-15, “New Percentage to Determine Net Value” made the change…


Added by Wendy Rulnick on November 21, 2013 at 1:53pm — No Comments

Another SOLD short sale listing via Rock Realty


Just Sold! 56 Valley Street, Williams Bay, WI 

We are happy to announce a recent short sale home closing in Williams Bay, Wisconsin. Due to our extensive online advertising campaigns, we were able to bring in a buyer for this listing. This was a fantastic cozy but open concept home, sold at a great price! I'm sure the buyers will enjoy it for many years to come. Congratulations to everyone involved!

If you are thinking of selling…


Added by Michael Collins, CDPE, SFR on November 21, 2013 at 7:12am — No Comments

Bank of America - Escalating Short Sales

Bank of America's team of short sale specialists are dedicated to assisting you and your client through the short sale process. Occasionally, an issue arises that demands immediate attention or an escalation. The best way to resolve escalated issues is to follow the steps…


Added by Jason Opland on November 20, 2013 at 3:01pm — No Comments

They told me I do not need to bid and the highest bid will be offer to me first.Now the investment company from TX where the Nationstar is located is buying this property in LA.If you read the Real E…

They told me I do not need to bid and the highest bid will be offer to me first.

Now the investment company from TX where the Nationstar is located is buying this property in LA.

If you read the Real Estate book you will know that Real Estate broker / Agent  have moral and Ethical obligation to General Public and if you cheat them and do not treat them within your obligation you can be prosecuted and if find guilty be fine or go to jail.

Nationstar is a mortgage company and is…


Added by Asefeh Shirafkan on November 20, 2013 at 11:44am — No Comments

Nationstar Mortgage /



If you have issue with Nationstar mortgage /


Attorney General office


Department of Business Oversight

consumer service office

and file your complain

Added by Asefeh Shirafkan on November 19, 2013 at 11:57am — 3 Comments

NationStar /

Hi Nancy,

I just want to follow up with you on your file to see if NationStar plan to close the sale with your buyer or not.

With my situation it is 9 days now and my last call to nationstar was on Thursday which I spoked with assistant VP as well as the asset manager manager.

They told me that if the bidder did not close they will offer the property with the highest bid to me.

It is 9 days pasted and the bidder does not look like is closing.

No one…


Added by Asefeh Shirafkan on November 18, 2013 at 12:40pm — No Comments

HUD/FHA Junoir Liens

Im in a tough situation with an FHA backed SS. The second lien is a grant form the city but its backed by HUD. They are sticking to full payoff. Do you know if the new HUD guidelines changed the max allowance to junior lien holders or if its still 1500 plus the 1k from the seller incentive? The FCSLDT is scheduled for December 12th. Any help is greatly appreciated!Thanks a million!

Added by Paola Martinsen on November 15, 2013 at 3:02pm — 1 Comment

Hudson City Savings contact?

Does anyone have a contact at Hudson City Savings? I have a short sale that was approved once through Citi as the servicer, but now have a new buyer and the new negotiator has said that the investor (Hudson City Savings) wants a full payoff. I have a hard time believing that they have been approached with the deal because the new negotiator came back with an answer as soon as she received the file.

Added by Nancy Mansour on November 13, 2013 at 9:29am — 4 Comments

Riverfront Short Sale Home Over a 1 Acre Lot

4136 N River Rd, Janesville, WI 53545 - $190,000

2500 Square Foot Home on Waterfront Acreage

Well maintained riverfront property. With 2500 s/f and over an acre lot, this will not last long! Call Michael Collins at 608-921-8536 to schedule your showing! Click any image below to see additional details. Previously sold for $278,000 back in 2003!…


Added by Michael Collins, CDPE, SFR on November 13, 2013 at 8:25am — No Comments

David Heroux | Short Sale Negotiation | Transaction Coordinator

Added by David Heroux on November 12, 2013 at 3:38pm — No Comments

American Homeowner Preservation CEO to Moderate Panel at Midwest Crowdfunding Conference

The panel will explore the successes and challenges of the nascent real estate crowdfunding movement. Newbery will also discuss AHP’s experience empowering accredited investors to crowdfund the purchase of distressed mortgages from banks.


American Homeowner Preservation (“AHP”) Founder and CEO Jorge Newbery will moderate the Crowd Funding Real Estate Investments panel at the Midwest Crowdfunding Conference on November 15 at One Financial Place, Chicago, Illinois. Joining…


Added by Jorge Newbery on November 12, 2013 at 11:48am — No Comments


Hello All. I would really like to hear from anyone who is having trouble with  I would like to try to make a change with their policies that are being forced on us.  It is not a win win.  I understand the lender does not have to do a short sale, however, when they send out letter asking people to do short sales and saying the will help then they should be honest about it.  Please provide any feed back.  There is power in numbers and I need your help.

thank you…


Added by Yvonne Westerman on November 11, 2013 at 5:28pm — 4 Comments

Success Stories with American Homeowner Preservation: Kansas

American Homeowner Preservation buys pools of distressed mortgages at large discounts from banks. After acquisition, AHP works to find a solution to keep homeowners in their homes. Sometimes homes are already vacant and abandoned. In cases like this, our asset managers work to get vacant homes back into service to help revitalize blighted communities.

A recent AHP acquisition in Kansas has made one community…


Added by Jorge Newbery on November 11, 2013 at 12:00pm — No Comments

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