Wendy Cutrufelli's Groups
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- First Name
- Wendy
- Last Name
- Cutrufelli
- Are you a...
- Agent
- State
- CA
- City
- Walnut Creek
- My Profile
- Broker Associate, Alain Pinel Realtors
CDPE (Certified Distressed Property Expert)
IMSD (Internet Marketing Specialist Designation)
Wendy Cutrufelli's Blog
Bank United "charges" 1% for their Short Sales
Posted on July 9, 2012 at 1:10pm 4 Comments 0 Likes
This is certainly a new twist to an old problem. Bank United is the first lender on a California short sale. The negotiator is stating that Bank United "charges 1% for their short sale processing" (of their own non-performing asset). This 1% charge isn't disclosed anywhere in their short sale package, nor does the buyer have the additional 1% (over and above the repair costs they will be paying due to buying the home As-Is). Just another way to pick the pockets of…
ContinueAmerican Home Mortgage Corporation - stalled for a month - advice?
Posted on April 21, 2010 at 6:31am 2 Comments 0 Likes
I have been stalled for a month on a short-sale with American Home Mortgage Corporation. On 3/26/2010, I received a voice message from the negotiator instructing me to call the general short-sale 800 number which I immediately did (the only communication I have ever received in two months from this negotiator).
The negotiator had updated the notes to the file stating the specific (higher) sales price they require and the additional requirement that the buyer pay a 1% Admin fee. I have… Continue
The negotiator had updated the notes to the file stating the specific (higher) sales price they require and the additional requirement that the buyer pay a 1% Admin fee. I have… Continue
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