Real estate blog entries tagged with loss mitigation by Donna Oehler " A.V. Foreclosure Specialist" (Keller Williams Realty)

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loss mitigation: Short Sale Approved! - 02/10/08 01:04 AM

I just want to thank Select Portfolio Services for finally getting with the program and streamlining the short sale process. I have been working with them since October on getting a short sale approved. The first offer we got and they just did not have their act together. I submitted the … (5 comments)

loss mitigation: Good Broker Price Opinion Manual (BPO) - 12/04/07 03:54 AM

With the changing market many agents are signing up with companies to do BPO's. I know that I have been doing them and along with the little bit of extra cash I have earned I have also gotten 3 REO listing referrals from the companies I have signed up with.
When I … (33 comments)

loss mitigation: A Few of the Banks do "Get it" - 11/16/07 12:32 PM

This is a follow up to my How do we get the banks to get with the Short Sale Program?? post a few months ago.
Today I called one the the servicing companies I have been working with to follow up on a short sale package I submitted several weeks ago. … (6 comments)

loss mitigation: Short Sale Listings Need Photos!!! - 11/12/07 12:26 AM

I know we have all talked about lazy agents not putting photo's in the MLS but come on agents - why bother taking a short sale listing if you are not going to at least put a photo in the MLS?? I was running comps in the MLS for a BPO … (8 comments)

loss mitigation: The never ending short sale - 10/15/07 07:00 PM

Well - I guess the title of my blog is really not correct it will end and hopefully not to the auction.
This has been the most frustrating short sale I think I have ever worked on. It started out better then most- I had a great contact that kept in touch at … (7 comments)

loss mitigation: Pay Off Request - 14 days for a home going to auction in about 1 month! - 09/27/07 02:39 PM

I am so frustrated because I have been working on a short sale for months. When I first got the listing the bank was great - they were calling me for updates every couple of weeks. It took about 5 weeks but I got an offer on the property.
Upon receiving … (9 comments)

loss mitigation: HELP!!! Short Sale Tax Question - Regarding Social Security - 09/21/07 06:49 PM

I know that most of us are not accountants and we are not able to give tax/legal advise - but does anyone know if a client is on social security and is in foreclosure will the 1099 get them kicked off their SSI benefits? I know this is a general question but I … (8 comments)

loss mitigation: Paying Up Front to do a Short Sale - 09/19/07 12:35 AM

Las week I went to a class offered by our local title company regarding short sales. The class was only 1 hour long and although I know there is probably not much anyone can teach in one hour regarding short sales I decided to take the time out of my busy … (6 comments)

loss mitigation: Has Your Short Sale been Accepted??!! Please Let Me Know! - 08/25/07 01:55 AM

With all the changes in the industry lately I wanted to see if I can get a somewhat accurate account of what short sales have been accepted lately and from which banks.
The information I would like to know is :
1) Which Bank accepted the short sale
2) How much of a discount … (19 comments)

loss mitigation: Predatory Practice Help Needed!!! - 07/28/07 06:49 PM

Hi there AR Community! I had a panic phone call today from a very nice gentleman who has two investment properties that he purchased two years ago that he is about to miss a payment on. He called me asking if I could help him with a short sale.
When we met at my office … (6 comments)

loss mitigation: How do we get the banks to get with the Short Sale Program?? - 05/01/07 06:51 PM

Today is just one of those days that I wished I had just slept in and taken the day off work - so I am going to take a break and write for a moment so that the I do not bite off the head of the next person that walks … (145 comments)

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