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My Offer Submitted In Equator Was Rejected. What Now?

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

I ain't tellin' ........YET!!

Advanced Short Sale Agent Training Launching February 5th!!

Come join us at www.ShortSaleSuperStars.com

Hi folks. OK so I'm so excited I can't stand it. My partner, Wendy Rulnick, and I made the decision today to launch a brand new updated Short Sale Agent Training.

We did our first Short Sale Agent Training in June of 2009. That was a 5 session course teaching the Short Sale Basics from qualifying the seller all the way to closing. From that training www.ShortSaleSuperstars.com was launched. We now have over 5,000 members!!

Short Sale Agent Network

But things have changed. HAFA was introduced. Equator came into play. Short Sales are no longer a niche market. Short Sales are now mainstream. However, agents nationwide still have lots of questions and want answers.

Wendy and I will be working on the curriculum over the next couple of weeks in preparation for the February 5th launch.

Some of the questions we want to answer are:

  • What to do when the 2nd lien holder wants $10,000 but the 1st lien will only pay $3,000?
  • What happens when the MI Company ask the borrower to "participate in the loss"?
  • My offer submitted in Equator was rejected. What now?
  •  How can I get the foreclosure auction date postponed?
  • When should I escalate the file?
  • Can I contact the investor direct to negotiate the Short Sale?

And much, much more. In fact, this post is an opportunity for you to ask your questions.

What do you need help with? What topics do you want Wendy and I to discuss? Help us to help you.

Ask your questions in the comments section of this post. We want to make sure that this new Short Sale Agent Training is the most comprehensive and most practical program out there to help you in your Short Sale business.

Our mission is to help as many agents as we can so you in turn can help folks in your market area. Together we CAN make a difference.

"So, Broker Bryant, how much is this going to cost me?" Good question. We don't know yet. Your questions will help us determine how many sessions we will need. The number of sessions will determine the cost. Let's just say it will be the best deal out there. OK? 

Questions?

Wendy Rulnick and Bryant Tutas
www.ShortSaleSuperStars.com

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 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comments(15)

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Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Bryant - If this is anything like our last webinar, I am going to love it!

Jan 10, 2011 09:37 AM
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Well, I don't know if what specific questions I have, so I will come back and check out what others are asking. Great job, as always!

Jan 10, 2011 10:29 AM
"The Lovely Wife" The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

BlogBoy...

Does me asking where's my cut count as a question? :)

And OMG you really have stopped parking me. That ain't right and you know it.

TLW...ROAR!

Jan 10, 2011 10:33 AM
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

TLW - Wanna swap!??

Jan 10, 2011 11:24 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

BB - looks like a winner. No particular questions from me at this time.

I noticed the parking signs had been missing - thought they were stolen.

Jeff

Jan 10, 2011 12:06 PM
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

What a tease. . .

Jan 10, 2011 05:08 PM
Clayton Bonjean
Mainsail Realty Company - Santa Rosa Beach, FL
Broker | Owner | MBA

I am looking forward to it!  Count me in.

Best,

Clayton

Jan 11, 2011 08:32 AM
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

BB - looking forward to it, Short Sales Ed can never get old and you always learn something new - that I do know :)

Jan 11, 2011 09:05 AM
Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland

This is my dilemma today.

  • What to do when the 2nd lien holder wants $13,000 but the 1st lien will only pay $6,000?

The 2nd lien holder did not participate in the bail out. 1st lien holder has approved the short sale and the clock is ticking. I am not sure I can wait till the 5th of Feb.

Jan 11, 2011 03:58 PM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Ellie. If the 2nd won't budge then someone needs to pay them. Buyer, seller or both. The extra $7,000 can be a closing costs on the HUD it just can't come from the proceeds of the sale.

Jan 11, 2011 11:32 PM
Anonymous
Joe Schleck

BB from what I have been hearing the 2nd is not allowed to receive anything from anyone except the amount stated by the 1st.  I'm sure you know that much and I heard this from both fannie and freddie when I spoke to them.

Ellie I would suggest a promissory note of $7000 for 5 years.

Jan 18, 2011 06:21 AM
#11
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

We have not had many short sales or foreclosures in my area but that seems to be changing somewhat and just going through your sessions would be good training, I'm thinking...

Will watch for the announcement of the training.

 

Jan 20, 2011 11:54 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Joe. You've been hearing wrong. That may be true is some cases but not all.

Judi. We'd love to have you. We should have more detsails early next week.

Jan 21, 2011 12:14 AM
Lanre-"THE REAL ESTATE FARMER" Folayan
Samson Properties - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Hey BB. By the way will this webinar be recorded? Please say Yes. I say so because I might not make it. But I really,really want to attend.  Great post.

Jan 27, 2011 02:52 PM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Hi Lane. Yes it will be. We are actuallky setting up a site where you will have access to all of the webinars when you need them. Plus some other goodies :)

Jan 28, 2011 08:35 AM
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