Comments

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  ike October 7, 2013 at 8:50am

  hI  Jeff  , I am interested in doing some deals with Selene Finance

  do you have any contacts for N.Y BPO's
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  sofy bark May 9, 2012 at 4:19am

  Hi jeff did you get my mail
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  Warren Bonett April 9, 2012 at 10:20am

  I have a buyer that wants to rent the property from the seller while we are waiting for the short sale to be approved. Lender hasn't asked for an ALT affidavit to be signed yet but in the event they do, would this be considered a violation of that affidavit since there is a separate agreement between buyer and seller outside of the contract for sale and purchase?  Thoughts?
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  Jayne Sanders March 16, 2012 at 12:05pm

  Jeff

  Do you have any high level contacts at Saxon..I have beed escalated 3X with no response and of course I can not get a name, extension or email address..
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  sofy bark March 12, 2012 at 6:26am

  so once the seller sign the backup offer the agent has to do the equator? and hows about if the bank see that i'm offering higher then the actual buyer....or maybe the bank doesn't care...
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  sofy bark March 12, 2012 at 6:18am

  please enlighten me what is a soft declined short sale?
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  sofy bark March 12, 2012 at 4:42am

  I daid i do not understand why they do not go to the backup offer once the first was rejected
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  Gunna Voigt February 29, 2012 at 7:12am

  HELP!

   

  I have a transaction that was supposed to close today.  It's a HAFA transactiion.  It's in the Equator system for closing today, but I cannot reach (for 5 days alreaaady) anybody.  The buyer's down payment assistance and closing cost assistance expired yesterday, but we could close today. Her mortgage has been approved since last Thursday.  She is s single mom with 3 kids and will be homeless.  I have no phone number for the closing department at BofA, only email.  What can I do to light a fire under them, who could I call?
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  Jeff Rubenstein January 23, 2012 at 10:15am

  Glad to be here.  Looking forward to connecting with the group.  That attorney was a real piece of work.  LOL
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  Mike Sher August 28, 2011 at 3:18am

  Jeff, in regards to your EMC Short sale with MGIC as the MI company.  You reported that the seller had to sign prom note for $14,500, $100 per month as per MGIC.  My file is a 5/3 with freddie as the investor and MGIC for the PMI company.  Got an offer of $102,000.  Current balance of loan is $140,000 5/3 BPO came back at $86,000 which I knew was low.  5/3 said we need an offer of $86,000 to make this work because the negotiator thought we would not be able to get the home appraised. Also since the homeowner was making payments she would be required to make some sort of contribution.  To minimize the deficiency we got the buyer to get their appraisal done now and it came back at $104,000 :).  I told 5/3 to send the file in the $102,000 and that we would be able to close.  I also asked her to put ion a good word for us since we were able to get them $16,000 more then their BPO allowed.  Well they came back after 30 days with MGIC asking for $5000 cash from the seller and a $25000 prom note for 180 months.

  Question?  Did you counter MGIC and what did they counter back at?  Sorry about the long post.  BTW my clients hardship is that her home in Michigan and she move to Caroline with her soon to be husband.  5/3 called that a elective move, Guess Love is not what is used to be!!  Thanks  Mike