short sales: Why "Experienced Short Sale" Realtors Should Process Their Own Files.
- 07/10/12 09:59 AM
Recently on Short Sales Super Stars someone wrote a blog making a blanket statement about why Realtors should not handle short sales. I SAW RED, and here was my response. Your comments are appreciated: For the most part I would agree with you that most Realtors should not handle their own short sales, however, that is for the most part. Many Realtors are taking short sales and, quite frankly, don't know anything about them. They are dangerous to their clients and can easily lead them down the road to foreclosure. I have seen this many times. Then there are Realtors like myself. I … (0 comments)
short sales: GOTTA SCREAM! Short Sale Insanity! This time it's Wells Fargo and/or the investor.
- 02/21/12 10:54 PM
Been working a short sale with Wells Fargo for TWO YEARS. We've had over five CASH offers $50,000 to $60,000 on 9 NE 9 Ct., Fort Lauderdale, Florida that were ALL TURNED DOWN! About a year ago they tried an auction company that did online auctions. I held open houses for them and made the property available for inspections by perspective bidders. We had no one come through the home and, I understand, the bids came in from $25,000 to $30,000 and the bids were also rejected by Wells Fargo. Despite all the facts and evidence all offers that I submitted … (3 comments)
short sales: Bill O'Reilly Fox News blew his interview with Barney Frank. He was way to easy on Barney.
- 11/28/11 03:32 PM
I only caught the tail end of Barney Frank interview on the Bill O'reilly show on Fox. The man (Frank) is a traitor at best and a crook at the least. He and Wild Bill (another traitor) were responsible for the collapse of the economy with the repeal of Glass Steagall when they orchestrated the Gramm Leach Bliley Act. This bill (pun intended) put the last nail in the coffin carrying the corpse of the economy. A post mortem examination will reveal in all the bloody glory the fingerprints of Wall Street all over the corpse of the murdered economy. Maybe you (Fox, et … (4 comments)
short sales: Short Sale Processing: "B+" for BOA, Wells, Chase, SunTrust, GMAC and a few others. "F" for the rest...
- 11/26/11 02:39 AM
You may or may not agree with what I am saying. I have been struggling with short sales for going on five years (right Alex?) and have +/-300 approvals, I am still personally involved in each and every negotiation even though I have assistance, In my opinion BOA, Wells, Chase, GMAC, SunTrust and maybe one or two of the major servicers/lenders have come a long way. Yes, we still encounter glitches, but overall are doing a B+ job because there is still MUCH room for improvement so I cannot give anyone an "A" yet. It's the little "guys", i.e., Aurora, Flagstar, … (1 comments)
short sales: America can be POWERFUL again. Know our enemies!
- 11/06/11 01:22 AM
Google Saul Alinsky, Obama's mentor, "Divide & Conquer". Folks, Obama wrote it on the wall it was in plain sight and the "masses" misread it. They do not understand what the "Change" Obama (New World Order) is about. America was founded because the Colonist wanted to escape government control and tyranny. Have we come full circle: Knowledge is POWER, Google New World Order, George Soros, Agenda 21, Bilderberg Group, Trilateral Commission, Council on Foreign Relations. The conspiracy is so wide, so big, so far reaching with many tentacles it is hard to comprehend. Yes, I know I have said this … (0 comments)
short sales: Knowledge is POWER! America can be POWERFUL again. Know our enemies!
- 11/06/11 01:21 AM
Google Saul Alinsky, Obama's mentor, "Divide & Conquer". Folks, Obama wrote it on the wall it was in plain sight and the "masses" misread it. They do not understand what the "Change" Obama (New World Order) is about. America was founded because the Colonist wanted to escape government control and tyranny. Have we come full circle: Knowledge is POWER, Google New World Order, George Soros, Agenda 21, Bilderberg Group, Trilateral Commission, Council on Foreign Relations. The conspiracy is so wide, so big, so far reaching with many tentacles it is hard to comprehend. Yes, I know I have said this … (0 comments)
short sales: Collapsing the housing market was the first domino.
- 11/04/11 09:34 AM
If you know about Saul Alinsky and believe that many Elitist including the Obama's and Clinton's are following his teachings you know that the following is accurate and true. Being a fairly high producing Realtor (averaging 80 sales annually and 300 short sale approvals) the events of the last decade have weighed heavily on heart and mind. Since the early 2000's, I have been trying to figure out why the lenders were making mortgage loans they knew could and would never be repaid. These absurd loans were referred to as Liar Loans, Stated Income Loans and NINJA Loans (No Income, No … (0 comments)
short sales: HAFA Question on 2nd lien holder. Can anyone answer this?
- 11/03/11 09:22 AM
I was under the imprssion the the payoff for the second lien holder is 6% or $6000 whichever is less. I was told by a second lien holder that my informaion is inccorect. Last February the payoff to the second was not a straight $6000 regardless of the principal balance of the second lien. Does anyone have an answer and can send a link where the second lien payoff is officially addressed? … (0 comments)
short sales: Americans Follow the Classic Definition of Insanity!
- 10/18/11 02:49 AM
It is incomprehensible to me that 545 members of Congress have such a horrific job of running this America that we are now in our current state of affairs. If their performance was graded there would be no grade low enough. Is there the equivalent, but opposite number to a google? There gross absurdities, gross negligence and criminal activity not only goes unpunished, they reward themselves and who is even more incomprehensible we ALLOW it and rewarded them for their treason. The real morons are the American voters, who not only don't any of the issues, but vote as if the … (4 comments)
short sales: Creating American Jobs My Way...Or, Am I Nuts?
- 10/12/11 01:39 AM
20% of what we can do will solve 80% of Americas problems. Here is my simplistic plan for bring jobs home, rebuild America and repay every cent we LOAN for the rebuilding: America has the human resources, natural resources, intellectual resource and technological resources to be totally self contained. The very little we may need can be imported or substituted. We reimplement the space program, loan corporations funds to rebuild Detroit and start manufacturing qualify automobiles, we loan money to rebuild our farms and ranches, steel, aluminum, textile mills, and everything else that is manufactured overseas that we are now importing. … (3 comments)
short sales: This is what it is about, and it's not about the money!
- 08/29/11 04:57 PM
This is a Zillow Review I received today from Gary O, the seller of the most difficult short sale we've worked. The morale of the story is just what Winston Churchill said, "never, never...give up". This home had a City and Fedreal deed restriction that ran with the land and the HUD that made it impossible to sell. I must have been out of my mind to take it in the first place! Regardless, not only was this a BOA short sale, but every buyer had to qualify with the City of Hollywood regarding family and income limits. We worked five offers until … (7 comments)
short sales: 1.000,0000 Realtors can make a difference!
- 08/28/11 05:50 AM
There is a million Realtors who think they are helpless. Guess what? If we do nothing we are. We should be pounding, protesting and making our firms and NAR listen to us and start doing their jobs. This is especially true for those of us with large branded firms who should be utilizing their resources and ad budgets for a greater good and inform the public they have alternatives and in doing so the spin off may result in forcing Washington and the lenders to clean up their acts, standardize and end abusing those of us helping them mitigate the losses … (2 comments)
short sales: I'm Two Centurions In One. First 100 (actually 225) Aircraft Carrier Landings In the Navy and NOW, 100 Short Sale Listings...SOLD!
- 08/06/11 04:51 AM
I'm going to pat myself on the back. I've earned it the hard way. Short Sales! I just made Short Sale Centurion! 100 short sale LISTINGS sold and still have a 100% success rate (National avgas. 30%). I cannot do better than that. Of course, to sell 100 short sales require 250 lender/investor/MI company approvals because homes have to be resold 2.5 times before we can get one to the closing table. In the last 60 days, I've close three short sales that took over two-years. The key to success is persistence, knowledge and experience. It pays off the read the … (6 comments)
short sales: The first domino will topple the the entire line...
- 08/04/11 05:00 PM
I have research, listened and read ad nauseam. As I dig in further and learn more the lump in my throat grows larger. I am truly afraid. I am not paranoid nor a doomsayer; just capable of fitting puzzle pieces together. For years the Trilateral Commission, The New World Order, The Bilderberg Group and Council on Foreign Relations have methodically plotted and built their oligarchy. Putting their puppets in positions of high power and not only mastering the art of puppeteering, but also the art of bait and switch. They are brilliant and are in total control. I have been writing … (6 comments)
short sales: What are your thoughts? Would you consider the following scenario treason?
- 08/03/11 04:40 PM
If the few, the super wealthy buy, coerce, use their positions of trust and unchallenged power to bring about and cause the laws of the United States of America to be changed so as to give them unimpeachable economic power over all others resulting in the overthrow of American economy...Should this be considered treason? … (5 comments)
short sales: Where is NAR now that we need them fighting for us, more than ever?
- 08/02/11 05:14 PM
NAR has a duty to your members and you are failing your members miserably. The housing market has collapsed purely due to Wall Street Greed. This is the hand we are dealt and are forced to play out. 130 million home owners, one million Realtors have been, are and will continue to pay the price for years to come while NAR does nothing, but fiddle while your membership burns. I have written thousands of words on what is causing your members to suffer horrific abuses while negotiating short sales. As a four year veteran of the short sale wars, 250+ … (5 comments)
short sales: The Great American Ponzi Scheme or Is It Economic Treason or Terrorism? Maybe It's All Three?
- 07/25/11 05:19 PM
Since 2008 tens of millions of people have lost their jobs, savings and homes. The finger can be pointed to one person who put the nail in America's financial coffin. The following is just small history lesson: After listening to the horrific terrorist murders in Norway of innocent people. I thought about what happened to our own country. I know the housing market lost over $10 trillion in equity, millions are out of work and the National Debt is over $14 trillion. Bernie Madoff earned a life sentence in jail for a $65 billion Ponzi Scheme and Scott Rothstein, who I know, … (7 comments)
short sales: HAFA short sales can go perfectly even in there is still no standardization.
- 07/18/11 04:57 PM
Today we closed a perfect HAFA Short Sale and it went smoothly and closed on schedule. Friday we are on track to close another HAFA deal, and last week we closed one too. All sellers had the deficiency waived and received their $3000 relocation assistance at closing. So, HAFA can work! I do have a few we've been working on for over the 45 days timeline set by HAFA guidelines for short sale approval. They are absolutely HAFA eligible, but they seem to have gotten off track. Hopefully, I will soon have them back on track. The problem I have notice … (1 comments)
Related Links:
Edward Goldfarb 450 Short Sale Approvals - 1750 Sales
Recently on Short Sales Super Stars someone wrote a blog making a blanket statement about why Realtors should not handle short sales. I SAW RED, and here was my response. Your comments are appreciated: 
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