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States prohibiting 3rd party negotiators
Started this discussion. Last reply by Phoenix Nest Homes Jan 11. 4 Replies 0 Likes
I have done short sale and helped many brokers in about 15 different states. I recently have found out that there are certain states that STRICTLY prohibit 3rd party negotiations(someone that is not…Continue
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"They likely want to have a insurance claim made. They can also have the bpo amended or adjusted. I believe its anything over 100k. Maybe do your own with less. I have been finding A LOT recently the investors just want the house and make…"
Phoenix Nest Homes commented on Phoenix Nest Homes's group Short sale humor and horror stories
"I have one approved for 45 days.....approval expires 5 days after sale date.....BANK FORGOT TO POSTPONE. ALWAYS CHECK ON THESE THINGS!! Lucky bank apologized and felt silly. "
Phoenix Nest Homes replied to Edwin Baloloy's discussion Newrez (PHH) & Real Time Resolutions - short payoff allowed even if 1st isn't short? Current allowed contributions to Jr liens
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"Any updates??? How did it work out??"
Phoenix Nest Homes replied to Phoenix Nest Homes's discussion States prohibiting 3rd party negotiators
"I was down there for a visit not to long ago. I bet the weather makes it even better! Hey would you happen to have any clients who buy commercial land in silver springs?"
Minna Reid replied to Phoenix Nest Homes's discussion States prohibiting 3rd party negotiators
"CT is a super regulated, highly taxed, liberal cesspool TBH, hence why I moved to FL lol. They have a bunch of stupid rules like this. Easy enough to work around if you are creative, but still. Really loving Florida lol. "
Phoenix Nest Homes replied to Phoenix Nest Homes's discussion States prohibiting 3rd party negotiators
"Florida always seemed open to anything in my experience. Did some nice condos on the beach. CT that is interesting. I am still shocked that I am just now hearing about this. I always assumed has long as you were working hand in…"
Minna Reid replied to Phoenix Nest Homes's discussion States prohibiting 3rd party negotiators
"I work CT and FL. In CT if you want to charge to negotiate a short sale the max limit is $500 AND you need a debt negotiation license. Those regulations were put into place early 2010's.
I am not aware of any such limitations in FL, but then…"
Phoenix Nest Homes posted a discussion
States prohibiting 3rd party negotiators
I have done short sale and helped many brokers in about 15 different states. I recently have found out that there are certain states that STRICTLY prohibit 3rd party negotiations(someone that is not the agent or broker or working for the listing brokerage) unless done by an attorney. Anyone know about this and or what states are ok with what? Think this could be a cool collaboration from our short sale nation. Where are you from and what are your local rules? HAPPY NEW YEARS! MAY ALL YOUR…See More
Phoenix Nest Homes posted a status
"SPS finally learned to play hardball. respect!. I normally get em 85-90% of the bpo. They fought me all the way to 93% on this one."
Phoenix Nest Homes commented on Phoenix Nest Homes's group Short sale humor and horror stories
"I once has a 2nd loan holder REFUSE a short sale unless they bought it themselves at a crazy low price or would approved at 80k. Took me over a year to get over the persons head to get the job done."
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Short sale humor and horror stories
Share your war stories, funny memes, or just let off some steam with people who understand!!See More
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- Been doing short sales since 08. Started while in college and been doing them ever since. 100s closed over the years. Follow me on Instagram for tips and hacks in real estate and finance! Phoenix_Nest_Homes
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