real estate: Lenders want Promissory note signed - 08/28/08 06:32 AM
Hello everyone, it's been awhile since I've posted anything and to be honest I'm needing my ActiveRain fix.
I wanted to share something with you concerning promissory note requests by lenders as a means to facilitate a short sale. It is becoming more frequent that lenders, mostly in junior position but … (0 comments)
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real estate: Are Short Sales more difficult? - 07/17/08 08:32 PM
I got a call from a Realtor today and he had a question concerning short sales. Let me give you a little insight first. The Realtor I refer to is proficient in short sales and so he has been around the block with how to handle mitigators. His question was, are … (5 comments)
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real estate: Short Sale lender doesn't care if you have cash buyer - 06/08/08 02:55 PM
I've had repeated questions from buyers agents and title companies concerning expediting the short sale process because there is a cash buyer. The Short Sale lender doesn't care if you have cash buyer! Most lenders, and "there are always exceptions" are so swamped with short sale files, they are using what … (2 comments)
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real estate: Short Sales frustrating......Unless - 06/02/08 08:04 PM
Short Sales frustrating......Unless (edit/delete)
Frustrations are being felt by many Realtors and buyers alike right now. The banks are very overloaded and under staffed to handle the flood of short sales. One Mitigator I deal with at countrywide is working 430 files at once. As with any business, focusing on … (0 comments)
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real estate: short sale negotiation tracking - 04/30/08 08:17 PM
Hey gang,
For those of you Realtors bright enough to use our negotiation service. Yes I said bright enough. Think about it, how can you as a Realtor be effective selling Real Estate when you spend 10, 15, 20 hours doing administrative work on short sales? You can't! The most successful … (1 comments)
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real estate: new countrywide short sale policy - 04/19/08 03:52 PM
For those of you doing short sales, I was told by a Countrywide mitigator that investment homes and second homes will not be getting short sales approved. As with Ocwen, I am wondering what the investors that own these loans are going to do. I'm sure the lenders are ticked off … (5 comments)
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real estate: Four listings to give away! - 04/07/08 03:06 PM
Hey group, I am still in need of Realtors wanting a free listing! We need agents for the following areas. One Orlando property, two properties in North Port, and one in Port Charlotte.
These are listings that require short sales..........However don't start running away just yet.... We are going to make it an offer … (3 comments)
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real estate: EMC Stepping up to the plate - 04/03/08 07:52 PM
Hey gang, just a short note to let everyone know that the lenderEMC, more accurately "EMC the servicing company" just accepted andsent an approval letter for one of our DHS clients. I know I know,your saying so what! Well...once they got the file to the mitigator, theytold us what the BPO … (3 comments)
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real estate: I need agents to give listings to! - 03/21/08 07:01 AM
We have an abundance of leads coming through our office and need to distribute them to short sale proficient Realtors throughout the state. Currently we need Realtors in the following areas. Orlando, North Port, and Port Charlotte. If you want free listings of properties requiring short sales and have us do the … (3 comments)
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real estate: Beware of Ocwen - 03/19/08 07:53 PM
I wanted to know if any of you are dealing with Ocwen on a short sale?It came to my attention last week that Ocwen had gotten out of theshort sale business. Their supposed reasoning was they got paid morein fees when a home goes through foreclosure vs doing a short sale,among … (7 comments)
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real estate: Getting the BPO ordered fast! - 12/17/07 08:14 PM
Hello everyone! I've been reading a lot of different strategies on AR pertaining to short sale tactics and methods. As we hone our skills through daily interaction with lenders and other professionals, great little tidbits are revealed to make life a little easier. One such tidbit is this weeks tip.
I'm … (0 comments)
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real estate: One on One Short Sale Training - 11/22/07 09:17 AM
There are times in our lives that an opportunity comes along that's just to valuable to pass up. Some folks get "analysis paralysis" trying to determine if it really is a good deal, while others see the opportunity for what it is and act on it.
HERE IT IS!
We have been asked … (1 comments)
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real estate: Lender only willing to pay 4%...... - 11/08/07 06:28 AM
What do you do when a lender stands firm on only paying 4 or 5% commissions on a short sale? In the past, 4 and 5% were expected on a short sale. In todays troubled climate, 6 and 7% are becoming more prevalent as it should be.
Lets talk about how to … (6 comments)
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real estate: Training Opportunities - 10/27/07 12:48 PM
It's been a busy week, two live training seminars teaching short sales to Realtors. Both events were filled with professionals wanting to better their lives as well as the lives of their clients. As we work to educate more Real Estate professionals in the art of doing short sales, one can … (1 comments)
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