hud: Short Sale Commissions - Cut or uncut? - 03/13/10 04:42 PM
 
I have been closing several short sales the past few months (finally).  In every single transaction the commission is reduced to 5%.  I've been successful in my negotiations for my clients on every deal (so far) but I am not making any progress on securing the commission to what the seller agreed to pay in my listing contracts.
I have an in-house loss mitigation team that works with me to facilitate these closings.  As you are well aware they take A LOT of time and patience.  If I were to calculate a dollar per hour wage on some of them, … (9 comments)

hud: IS HAFA’S PROGRAM A BREACH OF HUD’S FAIR HOUSING ACT?? - 02/27/10 08:59 AM
 
According to HAFA (Home Affordable Foreclosure Alternatives) program slated to take effect April 5, 2010, lenders MUST first evaluate/advise homeowners on HAMP (Home Affordable Modification Program) loan modification programs prior to any consideration of eligibility of the HAFA short sale option.
 One of the goals of the new HAFA program is to simplify and streamline the use of the short sale option by incorporating the following unique features:
Uses borrower financial and hardship information already collected in connection with consideration of loan modification. Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds). … (22 comments)

hud: CNBC News Story on Short Sale Fraud - HOT TOPIC - 01/16/10 05:41 PM
Hi Diane -
I would like to thank ALL the real estate professionals who worked with us to document this fraud by banks regarding the short sale process and off-HUD kickbacks -- together we can help change this industry for the better!
Here is the full CNBC Story on Short Sale Fraud: http://bit.ly/ssfraud
Regards
Jeremy Brandt
Founder, CEO
http://HomeFlux.com
(6 comments)

 
Diane Wheatley, Broker, SoCal Real Estate Expert (909) 815-4499 (Move Up Properties) Rainmaker large

Diane Wheatley

Broker, SoCal Real Estate Expert (909) 815-4499

Rancho Cucamonga, CA

More about me…

Move Up Properties

Address: 2335 Foothill Blvd., Suite 5, Upland, CA, 91786

Office: (909) 981-5400

Mobile: (909) 815-4499

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Survived the mortgage meltdown and live to teach others how to buy and sell in the "move up" market in California.


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