Don’t Do Another Short Sale Without Referring To This!

By
Real Estate Agent with Realty One Group S.0175185

Short Sale ‘Work Out' Personnel and performance

 

An Active rain members list of short sale work out loss mitigation staff and the remarks on the work performance.

 

Julia Maldanado, Countrywide home loans, title negotiator in loss mitigation.

Poor performance on current transaction. Gave a short sale approval letter netting countrywide substantially higher $'s than a fair market value offer. Result deal dies. 2 moths later delivered another fair market value offer told us to order an appraisal as she wouldn't, buyer paid for it, submitted appraisal Julia then told us she couldn't take an outside appraiser and had to order one herself ( another 4 week delay) amazingly enough the same appraiser was called by countrywide!

Very slow communication. Result: further loss to Countrywide shareholders in a declining market. Escrow not yet closed.

 

June Woods, Countrywide, negotiator loss mitigation

Extremely fast response time, kept us informed of transaction. Deal closed with minimum of delays. Excellent employee

 

Judi Tallon , EMC mortgage, title negotiator loss mitigation. Super strong negotiator lots of phone calls, don't buckle to her arguments stay on your offer price (if its fair) she met us nearly all the way ( property has declined in value since she took the deal) great person to deal with.

 

Much much more to come

Now it's your turn!  

No seller names no property address thank you.

 

Chris Giddings

http://shortsalesbychris.com/

Comments (5)

Steve Hirschler
Keller Williams Big Bear - Big Bear Lake, CA
Big Bear Real Estate
Great information. It can't hurt to know the history.
Jan 11, 2008 03:58 AM
Chris Giddings
Realty One Group - Las Vegas, NV

Steve: you are welcome, don't forget to bookmark this and check back once in a while, feel free to add to the list!

Jan 11, 2008 04:11 AM
Chris Giddings
Realty One Group - Las Vegas, NV

Steve: you are welcome, don't forget to bookmark this and check back once in a while, feel free to add to the list!

Jan 11, 2008 04:11 AM
Endea Thibodeaux
Lanham, MD
Solar Energy Consultant, CDPE, CLHMS

You know, I think this job for the loss mitigators is just as tough on them as it is for us.  I have had several negotiators quit in the midst of the deal!

I hate that because its like starting from scratch.

Looking at your list some of those people may not still be working there.  Especially the bad ones!

Feb 06, 2008 08:18 AM
Clark Garrison
Taylor 1 INC - Atlanta, GA
"Loan Modifications"
Thanks for the information Chris, I tell you this you could do this all day. The sad thing is they come and go with such frequency by the time we read this they may be gone! LOL
Feb 06, 2008 08:33 AM

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