Is anyone willing to share their techniques for prospecting Short Sale sellers?
I will go 1st:
I send out a few mail outs to individuals on the NOD list in my market. I purchased my letters from http://www.copybymarte.com/pro/ShortSaleLetters.html
Read more…I am beginning to think I am seeing a pattern or becoming paranoid. My last 4 short sale approvals that came in last week (different lenders) all were asking for more than market value of the properties. They all said basically "this is what we wan
Read more…I have a new ss client , Ocwen is the 1st. I stopped doing BPOs for them a year ago because they NEVER returned calls. I know their reputation for approving short sales STINKS. Can anyone give a good review??
Thanks!
Read more…Does anybody know how is the process? I already have the house for sale; the seller called B of A and got transferred to the HAFA department. The seller already e-mailed the forms they requested and she hasn't heard anything back from them.
Also, s
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I am being asked theses questions by an agent that I negotiate short sales for. She is a California agent who is going to short sale her residence. Her 1st and equity line are with Wells Fargo. She is wondering if Wells Fargo will decline to pay an
Read more…I thought you might be interested in the Fannie Mae Short Sale Assistance Desk. It's a new service that helps Realtors avoid delays on post-offer short sale issues. Here are two recent press releases:
My Florida Regional MLS Now Offering Fannie M
Read more…Hi All,
I guess I spend about 90% of my time listing and selling oceanfront short sales, I would like to have a better understanding of your experiences. Mostly, I am seeing cash buyers coming to pick up oceanfront and oceanviews.
Most of our ne
Read more…I have been working on a BOA HAFA since Nov. 2010. Approved short sale price is $80,895. A buyer has offered $83,000, and has asked the seller to pay $3,000 in closing costs.
Asset company says net is good. (Buyers attorney prepared HUD prelim.) B
Read more…ASC just sent the seller a list of documents they wanted along with a few questions. Among the questions was:
"Why are Food, Transportation, and Utilities Expenses above the national average?"
Are you kidding me? Has anyone ever seen anything like t
Read more…I listed a property that received an offer that another agent made, for their own company, to purchase the property. I finally got the MI to appove the offer after a back and forth negotiation. Now the bank doesn't want to pay the buying agent commis
Read more…The buyer is a real estate investor, handling his own purchase contract, and paying cash, no loan is involved. He would like me to negotiate with the bank. The seller is already my client. The answer is yes, as long as the buyer is filing out the
Read more…Hi- I've been looking a long time for an attorney that will consult with clients for a fee. Not a BK attorney - A Real Estate Attorney specializing in short sale clients. Anyone working with one that is worth referring in the Orange County area of Ca
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Are you aware that Fannie Mae's Short Sale Assistance Desk will handle post-offer issues that may relate to 2nd liens? Most cases get resolved in approximately two weeks. Here's an article in the Chicago Tribune and a link to Fannie Mae's Fact Sh
Read more…This post will serve to gather a list of all the states that require a real estate license to negotiate short sales.
Read more…We have a shortsale with Nationstar Loan Balance of $ 320,000 MI with United Guaranty. Net payoff to Nationstar is $159,600. United Guaranty wants $10,000 cash contiribution or a $25,000 unsecured note. What has your experience been with United Gu
Read more…Hello Agents:
I shorted a Client's property in California and he is referring me to his friend who has a condo in Mid Town, Atlanta, Georgia. Located at 13th street.
She wants an Agent to short her property. Her Lenders are BOFA and Green Tree.
Read more…For a long time I have been wondering if there isn't someone in upper management of some of these lien holders who realizes when their short sale or loss mitigation side of the house makes life miserable for REALTORS(r), that when we ask our new Buye
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This is interesting....I showed a home recently where the listing agent has it marketed in a shortsale platform by the name of Kazork.
After going to the website, Kazork speaks of a "Transparent Real Estate" transaction.
The buyers agent is instruc
Read more…I have a Short Sale listing presentation with a $2M loan... qualifies as their principal residence. Is there a loan Cap limit for HAFA?
Read more…I will appreciate anyone's input to my situation. We are currently working an IndyMac second-home short sale with FNMA as the decision maker. Two partners are on the deed, but only one on the mortgage.
FNMA has requested the financials from both
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