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From the SS negotiator, something sounds off: Want your guys opinion please.
Started this discussion. Last reply by Wayne Brooks Apr 1, 2013. 5 Replies 1 Like
Sorry this might be long, but I wanted all the details here.Also I negotiate short sales and have dealt with some other shady/shyster negotiating "firms", so maybe my "hinky" radar is a little over…Continue
Any success fighting BPO's when the bank insist that no short sales/REO's be included in the comp.s?
Started this discussion. Last reply by Teri Christensen Nov 30, 2012. 13 Replies 0 Likes
I know this has been an ongoing issue. When I show them that comp.s for a particular property are say 6 short sales/REO's and only 1 or 2 equity sales, the response is simply "we don't care, our…Continue
Did you know-Tax liability for Canceled mortgage debt on a principle residence that is NOT waived?
Started this discussion. Last reply by Smitty Sep 8, 2012. 7 Replies 1 Like
Many of us get in the habit of saying "you're exempt from the tax liability for canceled debt on your principle residence.". Do you know in a lot of cases, this is not true?Did you realize that…Continue
Anyone with experience/suggestions for Central Mtg Co. ?
Started this discussion. Last reply by Rochelle Castro Aug 5, 2012. 2 Replies 0 Likes
I'm just starting my first one with Central Mtg., and I'm not hearing good things about them. Also, SLS (was Saxon) has second, with small HOA. Any suggestions or experience with them will be…Continue
Wayne Brooks's Page
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Wayne, I got no idea how this board works; I clicked to respond to your last comment re: crazy good cash flow and ended up here with nary a sign of the comment to which I am responding. The major problems with "moving the property" are that the owner is well aware of what a good deal he has going, and is not at all interested in selling. He has an estranged wife who thinks she has a shot at the equity in family court, and is doing everything she can to trigger a default and foreclosure. Meanwhile, attorney fees are eating up the equity. Everything I have said is my opinion on public information, you can research the facts at: In Re: MB2, Inc. Southern District of Florida, 12-31308-BKC-AJC. My contact information is there, too.
No clue where Wellington is, Wayne. I assume it is near Weston. Last year I was working with Carlos Gomez, a Realtor near Aventura on his own home, and he twice had a short sale tank. He finally ended up losing it to foreclosure. I have nothing going right now except a 5.5 million apartment complex with a substantial balloon and crazy good cash flow, but I sense the sequester is going to stimulate the short sale market. I added you to my Rolodex and will suggest appropriate short sales to my mortgage impaired clients.
Doug Johnson
Debtor/creditor attorney