Brett Goldsmith
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  • California
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Brett Goldsmith's Discussions

Fay Servicing Escalation Contact

Started Sep 4, 2019 0 Replies

Any Fay Servicing Escalation Contacts?Continue

Anyone have a Bayview escalation contact?

Started Mar 13, 2018 0 Replies

Anyone have a Bayview escalation contact?Continue

SLS Escalation Contact

Started Feb 15, 2018 0 Replies

Any high level SLS escalation contacts? Urgent situation and need another pair of eyes to assist.Continue

USDA LOAN CURRENT GUIDELINES

Started this discussion. Last reply by Justin Berry Mar 13, 2017. 1 Reply

Is it possible to for a USDA short sale to be approved if borrower is facing imminent default or is there a hard set guideline that the account MUST be delinquent?Continue

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Brett Goldsmith's Page

Latest Activity

Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"I think that people who remain unemployed will be screwed and that many o thers who get pay cuts will run into trouble when it comes to a repayment plan or loan modifications. I feel many people who's income go back to normal likely will face…"
May 14
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"You'd need to reach out to a HUD representative If you don't know any you can email then you need to open a ticket at NOVAD to have one reach out to you. The general concept is that once it's 40 months past due that it's a hard…"
May 13
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"@Bill, most reps are unaware of that guideline. HUD will decline this file when a variance to open the PFS program is submitted. Never seen a variance for the 40month rule once it began to be enforced. The file is likely a waste of time and this…"
May 13
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"@grant yes, they still have the PFS program."
May 5
Justin Berry liked Brett Goldsmith's blog post Short Sale Vs Short Pay Off
Apr 28
Brett Goldsmith posted a blog post

Short Sale Vs Short Pay Off

You often hear the term Short Sale and Short Pay. They both are programs that involve a servicer review and a that a lien holder is being shorted and taking a loss on the mortgage payoff. They are similar in that nature but the outcome is distinguished as one program transfers the home to a new purchaser and the other is a designed for a borrower to retain ownership of their home.In a short sale you are going through a detailed review with the mortgage servicer(s) and lien holders to obtain…See More
Apr 22
Brett Goldsmith replied to Melissa Polce's discussion Getting things back in order to do Shorts again...Wow, 10 years later
"Equator is really the only portal that is used for large servicers. I believe caliber home loans on government backed loans still uses res.net. Little tweaks to guidelines have changed for some GSE's over the years, but most things have stayed…"
Apr 22
Brett Goldsmith replied to Neil L.'s discussion Did the Minimum NET change? in the group VA Compromise Sales
"I agree with the people saying 84.05% minimum NET. It did change. it used to be the 85.05% in the past."
Apr 9
Esperanza Butler Realtor liked Brett Goldsmith's discussion GET PUBLISHED BY Short Sale Super STARS
Apr 2
Brett Goldsmith replied to Greg Rayford-, Rayford & Company's discussion WITH THE CURRENT MARKET CONDITIONS
"I think there will be an uptick in foreclosure once the forbearance plans end for borrowers and many of them remain unemployed or cannot afford the repayment plans, or qualify for modifications. I expect an uptick to play out within the next 8-12…"
Mar 30
Brett Goldsmith replied to Tony Morales's discussion Home Point Financial
"I haven't done any with them that I can recall. Hopefully you got more feedback by now or you could give them a ring yourself to ask general questions."
Mar 3
Brett Goldsmith replied to Smitty's discussion Bayview - getting a live person
"Pure luck to get people on the phone with them, it's rough."
Jan 29
Brett Goldsmith replied to Tony Morales's discussion SPS dragging out short sale review
"Yup, I've literally had 5 SPS listings die within the last year. Trying the AG and CFPB route on one of them now."
Jan 21
Brett Goldsmith replied to Tony Morales's discussion SPS dragging out short sale review
"SPS has really been going downhill lately with the processing experience and their unbecoming guidelines. They used to be one of my favorite servicers, [email protected] 310-564-6389 www.ishortsalenow.com"
Jan 8
Brett Goldsmith replied to Teresa Trigas-Pfefferle's discussion Modification revolked
"Teresa, things like that are typically not okay. Many servicers get sued for reasons like this daily. Obviously I need more info, but if your client wants to keep and if the new servicer won't uphold the modification, it'd be worth your…"
Dec 23, 2019
Brett Goldsmith replied to Smitty's discussion SPS backwards business practices
"Good post!"
Dec 18, 2019

Profile Information

First Name
Brett
Last Name
Goldsmith
Are you a...
3rd Party Negotiator
State
California
City
Woodland Hills
My Profile
My name is Brett Goldsmith I'm the CEO of Short Sale Superstars. You can also find me at www.ishortsalenow.com. I am a partner who oversees a team of real estate professionals that specialize in short sales, loan modifications, and 2nd lien settlements.

Our brokerage is partnered with attorneys, which allow us to give stronger services in all areas of real estate. Since the 2007 pop of the mortgage bubble we have been able to help thousands of struggling homeowners as well as those buyers and sellers that are not struggling at all. We have worked hard to go above and beyond to bring the main street client better communication, knowledge, experience, and a sense of dedication to their case. Although we work a large number of cases, we take great pride in our customer service and making each client's voice heard. If you're interested in anymore information regarding specific programs and services offered please feel free to send me an email at [email protected] or call me at 310-564-6389. My door is always open and thank you in advance for the opportunity to serve and meet your needs.

Comment Wall (1 comment)

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At 6:55pm on October 12, 2015, Kelly Magreevy said…

Hi Brett,

I have been working on a short sale since February, Fannie Mae is investor, was told today that my seller is not eligible because he is not delinquent on his mortgage payments. He is a veteran that retired from the air force and had to move to Wisconsin. He got a job as a postal worker and has a security clearance. I had heard that once he misses the 31 days of  his mortgage payment that Fannie Mae will grant the short sale. The junior lienholder is Chase who has been very responsive. What should I tell this AF veteran to do? Thanks for your help with this. 

Brett Goldsmith's Blog

Short Sale Vs Short Pay Off

Posted on April 22, 2020 at 9:00am 0 Comments

You often hear the term Short Sale and Short Pay. They both are programs that involve a servicer review and a that a lien holder is being shorted and taking a loss on the mortgage payoff. They are similar in that nature but the outcome is distinguished as one program transfers the home to a new purchaser and the other is a designed for a borrower to retain ownership of their home.

In a short sale you are going through a detailed review with the mortgage servicer(s) and lien holders to…

Continue

SPS / Chase Backed Asset

Posted on October 31, 2019 at 8:08am 1 Comment

Hey everyone!

If you haven't run into this yet, be aware that Select Portfolio Servicing (SPS) with Chase backed assets have a new guideline that can throw a wrench in the transaction. They are only allowing one short sale review! Meaning that if the buyer walks or if the deal is denied for a low offer, you won't be able to try again.

I had an approval and the buyer walked then they would not allow us to submit at the same terms due to this guideline. We also had a…

Continue

Short Sale Questions Or Help?

Posted on July 15, 2019 at 3:34pm 0 Comments

If you need short sale help or have questions about a specific short sale transaction please reach out to our community of specialists at 1-888-664-6964. We are happy to answer any questions and help point you in the right direction to accomplish your goals.

Nationstar is now Mr. Cooper!

Posted on September 12, 2017 at 8:45am 1 Comment

Nationstar is now Mr. Cooper! They do have a new Mr. Cooper letterhead authorization letter and they are still utilizing equator. Nothing internally has changed to our understanding of the short sale process for now. This was a move to re-brand the company.

[email protected]

310-564-6389

www.ishortsalenow.com

 
 
 

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