Time is NOT of the Essence!

Hello Gena, I belong to a group "Carpe Diem Partners, LLC'. Carpe Diem offers a free negotiation for your short sales for FREE and there is NEVER an expense to either you or your clients.

Carpe Diem is a buy and sell company, not buy and hold company. Carpe Diem has completed over 500 successful short sale transactions, and currently holds over $37M in escrow.

The process typically takes 60-120 days. All Realtors are still entitled to their 2.5% commissions on all of your listings. You will list your property on the MLS like a normal listing with your client, once Carpe Diem has an end buyer, CDP will buy from the bank and sell to the end buyer.

If you are interested, I would love to talk to you about getting started. I simply provide you with an informational lead sheet, (email me for one, josh@josh-david.com) and  send it back w/a CMA and we will have an approval w/in 24-48 hrs. As of next week, you will be able to track all process in its entirety online @ www.mycarpediempartners.com (the website is still under construction, so please don't probe around in it yet)

Sound good?

Cheers to "09"

JD

Gena-Indy-Mac is still being run under gov't  guidence and I suspect they don't have a clue.  Most lenders have an awful time with short-pay requests or REO's as they don't have the staff or expertise to deal with them.  The last short pay I did took the bank 3 months to even talk to us... Good Luck

Kaye

That seems to be the problem, none of them has a clue as to how to handle all of these short sales/foreclosures. You would think they would have some type of organized system in place by now. How long can it possibly take to get a system in place? At least with a system in place, it wouldn't be such an overwhelming process for them.

Hi Gena,

Even here in Montana where the foreclosure rate is 1 to about 7500 homes as compared with California where it is 1 to 216 homes (as per Reatly Trac) it still takes months to get through short sales.  I cannot believe that the banks and the government have not implemented some sort of formal project management system to get through this crisis.  I have never seen such a poorly managed mess ever.  Good luck and keep emailing and calling.  Those who scream loudest seem to get through faster.

Kelly

Hi Gena,

Seems to me like you said it for yourself "It's obvious that the servicers cannot keep up with the current demand" I think that's the bottom line. As for bk judges, yep will most likely be another layer to deal with.

Evening Gena,  The lenders have to " get real " or the bulk of the current short sales will go to foreclosure anyway ! 

Man it's a quagmire.  There are all sorts of things wrong and messed up with the process.  How about this idea before we give banks any more Tarp money they have to have documented procedures and the staff in place to handle this.

Gena, you're 100% right.  Don't even get me started on what I think of these bank's loss mitigation departments.  They are squandering away money like crazy!

Wow, that makes them definitely overwhelmed. Hard to sort out and get rid of any of them when your totally inundated.  I'm still not going to feel sorry for the banks though or the employees.  At least they have a job!

Good luck. Our Real Estate division has stopped doing short sales. It takes to long and is way to intruesive for our buyer.

I think they need to invest in hiring more people for these Jobs. That could help the job market! I know these processors are so overwhelmed with each one doing about 500 files at a time (that is what I was told by a Citigroup rep. on my last one!