northern virginia experienced realtor: OH NO ANOTHER HOMEOWNER USING MARILYN SCHEER LAW GROUP IN IRVINE CALIFORNIA TO SAVE THEIR HOME -FAILED LOAN MODIFICATION
- 10/14/11 07:04 AM
I RECEIVED ANOTHER CALL FROM SOMEONE WHO HAD HIRED MARILYN SCHEER LAW GROUP IN IRVINE CALIFORNIA, (the caller is and has property in MD) TO COMPLETE THEIR LOAN MODIFICATION. HOMEOWNER GAVE THE MARILYN SCHEER LAW GROUP $3500 TO ATTEMPT A LOAN MODIFICATION AND NOTHING HAS BEEN DONE. ALMOST A YEAR HAS GONE BY. HOMEOWNER CALLED BANK AND THEY SAID THEY HAVE NEVER HEARD FROM THIS LAW GROUP. HOMEOWNER CALLED THE MARILYN SCHEER LAW GROUP AND ASKED FOR HER MONEY BACK AND WAS TOLD THAT SHE FORFEITED HER REFUND BY CONTACTING THE BANK THEMSELVES. WHAT?????? ARE YOU KIDDING. WHAT A TOTAL … (8 comments)
northern virginia experienced realtor: Saxon Mortgage Still Having Issues with the Short Sale Process
- 09/09/10 03:25 AM
I started a previous blog a couple of years ago regarding Saxon Mortgage short sales because of help I needed from my fellow active rain agents with one of my shortsales that ended up being foreclosed without notice. I still receive emails weekly from homeowners throughout the United States regarding problems with their loan modifications and short sale problems with the mortgage company. I found out that many people that are in the process of a short sale or a loan modification, Saxon will foreclose on the property without notice. These are the types of emails I receive from homeowners. I … (0 comments)
* Phone numbers for the negotiators for the banks are getting easier to get. * Wait time on the phone for someone at the bank to help you is getting shorter. * More service reps are trying harder to help the situation instead of telling me to call back in 5 days * Banks are becoming more realistic with the prices of homes. * Banks are asking for less information up front.
I think that we will be able to help our clients succeed in their short sales … (5 comments)
northern virginia experienced realtor: Filing Bankruptcy when you have a short sale listing
- 10/15/08 11:48 AM
Since I wear two hats, one as a bankruptcy paralegal and the other as a Real Estate Agent I have clients coming to the office to file bankruptcy who have their home on the market for a potential "short sale". They are being told that you can still sell your home while in Bankruptcy or Bankruptcy will not have anything to do with the sale by their RE Agent. In Virginia, if you file Bankruptcy then the listing agreement as all agreements and contracts are voidable and you cannot continue the sale until motions are filed and orders are signed by … (5 comments)
northern virginia experienced realtor: MORTGAGE FRAUD STORY - SHORT BUT INTERESTING
- 04/24/08 08:43 AM
As some of you know, I work at a law office as a Paralegal/bankruptcy assistant and today was interesting. Potential client came in for a consultation. (By the way, my clients gave me permission to share this with everyone in this blog and encourage others not to be as naïve as they were). Here is the scenario: Clients Bought Single Family Home in late 2005 for $650,000.00. Put 20% down = $130,000.00 Refinance in early 2006 (3 months later) for $680,000.00 to pay back the Realtor who gave them $130,000.00 cash to put in their account sixty days before buying the home (to … (27 comments)
northern virginia experienced realtor: Do we have a contract or not?
- 02/27/08 06:52 AM
Another Real Estate Agent I know had asked me some questions about a deal she was working on because she was unclear of what to do next. I wanted to share this situation with others because in this market this situation may arise with one of your deals. Lister has property listed for sale. Buyer's agent (person I know) has contract on property with her buyer. During all of this, ratified contract in place, Owner of home files Chapter 7 Bankruptcy and does not inform anyone for some time. During this time, buyer's agent orders home inspection, appraisal being order, the … (15 comments)
northern virginia experienced realtor: Interesting Story about a “Shady” Appraiser
- 01/29/08 03:07 PM
A friend of mine, who is an Investor, buys homes at the foreclosure auctions (courthouse steps) and sells homes. He called me to ask me if I had any Appraiser’s phone numbers I could give him that he could get a quick appointment with, because the one he normally uses is out of town and the Appraiser that his “friend” gave him was not going to work out.I asked what the issue was with the Appraiser his friend gave him and he said to me . . . “I told him that I was looking for an appraisal around $280K … (19 comments)
northern virginia experienced realtor: Beware of Short Sale Fraud
- 01/23/08 10:24 AM
I was just speaking to a neighboring real estate agent who told me that some people she met, who are not well informed of what happens in a short sale, gave $3000 to a Real Estate Company who said they will not lose their home if they listed with them to do a short sale. The owners have not seen any results or have heard from them since. It is cheaper to seek Professional Advice from an attorney first for a quick consultation before doing something this drastic and giving away $3000 for nothing in return. Look out for this type … (9 comments)
northern virginia experienced realtor: Foreclosure Leads to Judgments Issued.
- 01/12/08 01:50 PM
The more I talk to people who are thinking about letting their home go to Foreclosure, just giving up, the more I realize that they think this decision will end their dilemma and everything stops because they are giving the home back to the bank. I explain that after a home goes to foreclosure that the financial burden is not lifted and they still may or most likely will receive a “Balance due” after all is said and done. When they cannot pay, then a “Judgment” will be issued. After that, collections will be pursued by possibly garnishing wages, bank accounts, … (13 comments)
northern virginia experienced realtor: Getting Professional Legal Advice is the Best Choice.
- 01/12/08 01:30 PM
Yesterday’s market has created problems with property owners paying their mortgage timely or affording their mortgage, which leaves them with difficult decisions to make. Try to keep the property and continue to be house poor and struggle with the stress of trying to keep up. Attempt a short sale. Let the home go to foreclosure. File for Bankruptcy In any event, one thing everyone should remember is that there are options. Choosing the best option requires professional advice. An attorney is worth a consultation fee. When making decisions that will determine how your future may turn out, then it should be … (12 comments)
northern virginia experienced realtor: Please be careful in finding someone to do a "Short Sale" for you.
- 12/20/07 01:59 PM
I found out yesterday that a friend's sister went through a company on the internet to perform a short sale and requested $1000 from her. She paid it instead of her mortgage (she was already 3 months past due). Well guess what happened next???? NOTHING. Her home was foreclosed on and she did not know until the bank came knocking on her door. This company stated that they stopped the foreclosure and was pursuing a short sale with a buyer (after the bank came knocking on the door). Hmmmm, I thought that this was very strange. Now that bank owns the … (25 comments)
If the short sale does not accomplish all of someone’s financial distress, because someone may have a ton of other debt, and possibly unemployed, maybe a short sale is not going to work for someone in this situation. There has to be something that benefits the “Seller”. That this will be a road to recovery for the homeowner that may be losing their home.
The seller has no other large amount of … (9 comments)
northern virginia experienced realtor: WHEN YOU THINK TOO MUCH IS OWED ON THE PROPERTY, A SHORT SALE CAN STILL BE APPROVED
- 11/26/07 05:37 AM
If you think too much is owed on the property and a short sale doesn't look like an option, it may still be an option. I want to share with you one of the most difficult short sales that I have had. Here is one that I just completed sucessfully. GMAC 1st Mortgage $465,000.00 GMAC 2nd Mortgage (different branch, with different investors) $120,000.00 plus fees, interest, costs, late mortgage payments, foreclosure sale costs, attorney fees, etc. Contract for $400,000.00 4 months of negotiation, One foreclosure date put on hold while working with contract Approved for: $400,000.00 1st Mortgage settled for $373,000.00 2nd … (20 comments)
I RECEIVED ANOTHER CALL FROM SOMEONE WHO HAD HIRED MARILYN SCHEER LAW GROUP IN IRVINE CALIFORNIA, (the caller is and has property in MD) TO COMPLETE THEIR LOAN MODIFICATION. 
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