Neil L.
  • Male
  • Louisville, KY
  • United States
  • Kentucky
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Neil L.'s Discussions

Short Sale Paperwork, Compiling and sending to clients electronically

Started this discussion. Last reply by Neil L. Jul 9, 2012. 5 Replies

Am I alone on this?I want to be able to easily create short sale packages.  Each page should be a fill-able form.  I want to auto-populate data like the loan number for them then email the entire…Continue

Tags: package, pdf, paperwork

Obama Paying $1,500 to Homeowners who do a Short Sale

Started Mar 8, 2010 0 Replies

The Obama Administration is going to begin paying Homeowners $1,500 in relocation assistance for doing a short sale beginning on April 1st!…Continue

Tags: assistance, obama, relocation, foreclosure, pay

 

Neil L.'s Page

Latest Activity

Neil L. replied to Neil L.'s discussion URGENT: SLS forcing use of Auction.com now? in the group Specialized Loan Services LLC
"how? It is."
Nov 20
Brett Goldsmith replied to Neil L.'s discussion URGENT: SLS forcing use of Auction.com now? in the group Specialized Loan Services LLC
"Typically you can't. They can deny the seller for a short sale for not cooperating. Mr Cooper does this often. If they did a value and if the offer is in line with the value, then you might be able to bypass it."
Nov 18
Neil L. added a discussion to the group Specialized Loan Services LLC
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URGENT: SLS forcing use of Auciton.com now?

Does anyone have a way to get out of SLS forcing us to use Auction.com when we already have a buyer and a contract in place? The Seller can't legally get out of the contract so I don't see how the lender can force the seller to sign an auction.com agreement. Auction agreement is here: https://www.sls.net/formsSee More
Nov 18
Neil L. joined Maya Thomas's group
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Specialized Loan Services LLC

Incredibly nice and accessible people. Contact was Monica phone (800) 306-6059 fax (720) 241-7526 SLS Customer Resolution.See More
Nov 18
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
Corinn replied to Neil L.'s discussion Did the Minimum NET change? in the group VA Compromise Sales
"I just rec'd a counter on a VA Short Sale today, and they said they needed a net of 84.05% of the appraised value. "
Apr 9
Chad Gelsinger replied to Neil L.'s discussion Did the Minimum NET change? in the group VA Compromise Sales
"Hi Neil,  VA NET is 84.05% of Appraised Value.  Chad."
Apr 9
Neil L. added a discussion to the group VA Compromise Sales
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Did the Minimum NET change?

Lender told me they needed to NET 84.5% instead of the 85.05% that the internet shows. Does anyone have information that supports this? I don't want to have to get a new contract if they're wrong.
Apr 9
Brett Goldsmith replied to Neil L.'s discussion Loan is TOO FAR DELINQUENT to qualify for a Preforeclosure Short Sale? in the group FHA - HUD Short Sales
"I believe 40 months is actually the mark per my HUD contact. @neil, your variance will likely be denied. I've never seen any short sales within the last few years for FHA get approved over 40 months behind. I don't personally take FHA…"
Oct 3, 2019
Minna Reid replied to Neil L.'s discussion Loan is TOO FAR DELINQUENT to qualify for a Preforeclosure Short Sale? in the group FHA - HUD Short Sales
"After 48 months seller is no longer eligible for any workout with FHA - no exceptions."
Oct 3, 2019
Neil L. added a discussion to the group FHA - HUD Short Sales
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Loan is TOO FAR DELINQUENT to qualify for a Preforeclosure Short Sale?

Seller filed BK and after multiple attempts to do a short sale, ditech is finally ready to do a short sale. But now FHA says "Borrower is not elligible for the preforeclosure sale program regardless of offer or what final net may be because loan is too far delinquent".  Granted, it's 2486 days past due.A variance was put in with FHA to let us do the short sale but it was denied because "a good reason for the delinquency" was not given on the variance request.Does anyone know what the guidelines…See More
Oct 2, 2019

Profile Information

First Name
Neil
Last Name
L
Are you a...
Investor
State
Kentucky
City
Louisville
My Profile
We do short sales. Anywhere from Louisville to Lexington, Kentucky.

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At 3:57pm on November 13, 2009, Deborah McGraw-McCormick said…
I actually used some of the advice from Dwan Twyfords book, in a short sale that was dropped three times. I actually was told "I dug it out of the mud". I faxed faxed faxed, called and faxed faxed faxed. Finally sent some emails to a supervisor of another area, he said he would, make sure my paperwork got to where it needed to go. And several other times it appeared that it was going to be looked over. Persistence!!!! I knew that this ought not be....final? closed on it this past april. Point being, I was NOT going to accpet this. I knew better from everything that I had been taught. Persistence and did exactly what I was asked, but also asked what I knew was mine to have!!! Thanks for the great info here.......and thanks to JIM FEREBEE, the best teacher ever!
 
 
 

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