short sale: Option One Assesses Short Sale Admin Fees
- 10/25/09 02:08 AM
OPTION ONE ASSESSING SHORT SALE ADMINISTRATIVE FEES We don't see many Option One bank short sales. That is a blessing. They are 2nd only to Countrywide/Bank of America on my list of "who is the worst lender to do a short sale with". Option one has been notorious for not reducing the short payoff below full market appraisal. Now they have added another "what the heck are they doing?" step in their short sale process. I submitted a short sale package to them about a week ago. I got a call from a loss Mitigator within seven days - on a Saturday no less. … (4 comments)
short sale: When Short Sale Assumptions Become Truisms - The Case of The LALAs
- 10/14/09 02:47 AM
LALAs. Largely Acceptable Legacies of Assumptions. A term from my “corporate days” pertaining to incorrect methods, statements or policies perceived by some to be relevant or “the way things are or are supposed to be” and becoming acceptable “truisms” by others. I just got a very frantic call from one of the Realtors for whom we negotiate their short sales. We are currently working on three (3) of his short sales from Bank of America. He was beside himself because of the “new policy” from B of A requiring the seller to pay or come to the table with 10% of the … (1 comments)
short sale: What You Need To Know About Buying a Short Sale
- 08/26/09 11:39 PM
So you think you want a foreclosure or short sale because it's a "great deal"...Buyers are justifiably interested in the savings a short sale can offer. However, few buyers are prepared for the process, often because it is new terrain for many agents as well. I would not recommend getting into this without a Realtor. First off...not every short sale is a "deal". Your Realtor can let you know if a short sale is right for you based on neighborhood values, condition of the home, and the stress level you can handle. Finding a great Realtor that is a true task … (0 comments)
short sale: SELL YOUR HOME AS A SHORT SALE
- 08/19/09 10:13 AM
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd"> Sell Your Home As A Short Sale
If you: ➢ do not qualify for any work out or repayment plans ➢ are unable to save your home and you have resigned to the fact that you are way in over your head ➢ Have a financial or personal hardship where you are behind or will be behind in your mortgage payments and unable to pay... then by all means, find an experienced short sale agent (not just any real estate agent, but one with a proven successful track record) to assist you in … (0 comments)
Get your short sale questions answered by our team of real estate agents, negotiators, attorneys, mortgage brokers, title companies and more. Just add a comment to the post, and we will answer your questions usually within 24 hours or less. RSS feed your question to get an immediate notification when it is answered. … (2 comments)
short sale: Your Short Sale Questions Answered Here
- 08/18/09 11:10 PM
Get Your Short Sale Questions Answered Here! Get your short sale questions answered by our team of real estate agents, negotiators, attorneys, mortgage brokers, title companies and more. Just add a comment to the post, and we will answer your questions usually within 24 hours or less. RSS feed your question to get an immediate notification when it is answered. Or contact us at 832-330-4588 … (0 comments)
Trademark Realty Investments, Inc.Trademark Loss Mitigation
If you've heard the name Trademark Realty Investments, Inc or Trademark Loss Mitigation, you may wonder what we do and who we serve. Who Are We? We are " A Network of Real Estate Professionals; RE Agents, Attorneys, Title Companies, Short Sale and Loan Modification Negotiators, Credit Repair Providers, Mortgage Providers, Inspectors and Investors ." We are Houston Texas based. We know the local market. We are accessible. We know the local and state laws. We provide a one-stop destination for all things related to short sales, loan modifications pre-foreclosures and marketing … (0 comments)
short sale: Countrywide Short Sales - How to Escalate From The Mouth of A Negotiator
- 06/09/09 01:33 AM
If we've done any amount of short sales, sooner than later we will have to deal with the commission stealing, BPO exaggerating, document losing, "don't talk to me directly", "your short sale will take forever" lender called Countrywide (a.k.a. Bank of America). I just had a unique conversation with a loss mitigator - yes, one actually exists and I actually got to talk to her. Now, maybe she just got a raise, maybe I made her laugh, or maybe she had one or two during lunch, but for what ever reason she opened up to some interesting insights about the short … (26 comments)
short sale: How To Avoid The Top Ten Reasons Short Sales Fail
- 05/05/09 03:49 AM
Much has been written on why short sale fail and how to avoid them. But only so much information can be entered into a blog or article, no matter how good the information is. We are doing a FREE live (NO SALES FEST) webinar for a local real estate group and would like to invite any Active Rain members to join us. The webinar will be "content rich" with opportunities for questions. The webinar will be held Tuesday May 12 at 3:00 PM Central time. The top ten reasons we will cover are: How lack of experience and education can defeat you from … (0 comments)
short sale: Rescue Me? The Silent Victim of Foreclosures and Short Sales
- 05/01/09 08:57 AM
OK. I'm an animal lover. No, I'm not a card carrying member of the often fanatical PETA group, but an animal lover nonetheless. Particularly dogs - and especially Labs and Golden Retrievers. I've had pets all my life. I can't ever remember not having a dog. Our last Yellow Lab - before our current Golden Retriever - came down with Pancreatic Cancer at only 7 years of age. She went from a healthy animal to a walking skeleton in a matter of weeks. If you saw the movie "Marley and Me", the scene where Owen Wilson took Marley into the vet … (2 comments)
short sale: The End of Short Sale Flipping?
- 04/25/09 02:57 AM
Whether you agree with the short sale flipping method of buying and selling real estate or not, it has become a popular method of making money through short sales.
Short sale flipping is done where an agent or investor submits a contract with the seller - usually as an option contract. The contract price is low balled, with the intent of getting the lowest approved payoff agreement from the lender(s) through a short sale.
The property continues to be marketed at the higher end of fair market value. The intent is to find a "retail" buyer at a purchase … (5 comments)
short sale: Short Sale Battle of the Realtors - Whose the Winner (or Loser?)
- 03/08/09 05:32 AM
In the East corner, the Listing Realtor with the fiduciary responsibility to the homeowner. In the West corner, the Buyer's Realtor with the fiduciary responsibility to the buyer. In the middle - the home owner! A play on words? Maybe not. As short sales are our primary business, I read with great interest the frustration the listing agents have with buyers who walk before the end of the short sale approval, buyers who put in multiple contracts on multiple short sale homes fishing for the one that bites first, or buyers that are "pre-qualified", but do not get final approval even after waiting a … (4 comments)
short sale: What Is Your Opinion of the Impact of the Federal's Call for Foreclosure Moratorium on Future Short Sales?
- 02/14/09 01:27 AM
So far, several banks including Citi and Bank United have posted statements of postponing foreclosures as a result of the Federal Government's request: A key member of Congress and a federal regulator encouraged financial institutions to suspend home foreclosures, as Washington's debate continued Wednesday about how to save an economy weakened by a moribund housing market. "I would ask all of you now to please make sure that we have a moratorium in effect," said House Financial Services Committee Chairman Barney Frank, D-Mass., at a hearing where the CEOs of eight major banks testified about how they were using money from … (2 comments)
short sale: Banks Reacting to Federal Call for Foreclosure Moratorium
- 02/14/09 12:22 AM
NEW YORK, Feb 13, 2009 (BUSINESS WIRE) -- Citi Group today issued the following statement in support of its commitment to a temporary owner-occupied mortgage foreclosure moratorium: "To reiterate the commitment made by Chief Executive Officer Vikram Pandit to the House Financial Services Committee on February 11, 2009, Citi is taking the necessary steps to help American homeowners keep their homes. As part of this commitment, Citi has initiated a foreclosure moratorium on all Citi owned first mortgage loans that are the principal residence of the customer as well as all loans Citi services where we have reached an understanding with … (5 comments)
short sale: Ten Reasons Why Short Sales Fail
- 01/10/09 11:53 AM
Over the years I've participated in hundreds of short sales, whether I was conducting my own, teaming up with other agents or investors, or coaching a client through the process. I rode the learning curve and made my share of mistakes for sure, some of which I'd like to share with you to help you avoid the same setbacks. I've compiled a list of the top reasons that short sales fail. They're in no particular order, as they say; they are all equally important, so I tried to post them in the order that you'll encounter them. Reason #1: The Uncooperative … (12 comments)
OPTION ONE ASSESSING SHORT SALE ADMINISTRATIVE FEES
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