Wendy Rulnick's Blog – August 2009 Archive (5)

Short Sale Questions? Get ALL Your Answers Saturday Aug 29

Are you a short sale specialist? Are your hands cramped from using the phone? Is your neck permanently twisted from being on hold all day? Are you tired of your faxes getting lost, buyers walking and your files being closed? What is going on? How can you improve your short sale processing and get an "edge" on success? Well, we've got a solution.…

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Added by Wendy Rulnick on August 27, 2009 at 6:00am — 4 Comments

Bank of America Approval Letter - Version 2 - What Deficiency?

Alas! There is more than one version of the Bank of America approval letter. One without the dreaded "deficiency" reference. Mind you, not stating they reserve the right to pursue a deficiency may not mean Bank of America has given up that right, but it does cause less trepidation.







Deficiency... what deficiency? My theory - they are leaving out the deficiency reference, but not "forgetting" about… Continue

Added by Wendy Rulnick on August 22, 2009 at 9:49am — No Comments

Don't Let Your Sellers "Fudge" Their Financials!

Are you helping sellers with short sales? Part of the lender’s process will be to verify if your seller has a true financial hardship. Short sale lenders analyze the information you provide, including paystubs, bank statements, tax returns and the financial worksheet. They will run a credit report, they will review bank statements line by line, and they won't just gloss over the financial worksheet.



If something does not "add up", be prepared for the following questions and… Continue

Added by Wendy Rulnick on August 15, 2009 at 6:00am — No Comments

Would You Let a "Flipping" Investor Negotiate Your Short Sale?

I sent out a listing agreement a couple of weeks ago for a Destin Florida condo. This was a Bank of America short sale, and no payments have been made for 9 months. I never received the listing paperwork back, so just wrote it off.



Today I got a call from “Clyde”, who said he was a licensed real estate agent in the sellers' home state of Georgia and knew them personally. He was helping the sellers with a short sale of their primary residence. Clyde said the sellers still wanted me to… Continue

Added by Wendy Rulnick on August 4, 2009 at 2:02am — No Comments

Testimonials About Short Sale Basics Webinar

"I had the fortune to be part of your short sale basics webinar. I want to express my gratitude and appreciation to Wendy Rulnick and Broker Bryant sharing their expertise in a conversational setting walking us students through from start to finish of a typical Short Sale transaction. This webinar was filled with materials and information giving the most inexperienced the confidence taking on Short Sales.



Having participated in classroom environment, read, studied short sale blogs,… Continue

Added by Wendy Rulnick on August 2, 2009 at 5:30am — 3 Comments

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