Bayview Loan Servicing......YOU'RE MY HERO!!!!

By
Real Estate Agent with PalmerHouse Properties & Associates, LLC 316636

There's nothing like the simple joys of listing a home on the market, securing a buyer, and closing within a relatively short time frame......NOTHING AT ALL! HOWEVER.......I've just recently been afforded the opportunity of handling a short sale with Bayview Loan Servicing in the first lienholder position. What a treat!!!

 

First, we received a wonderful offer on the property within days of market time and submitted the entire short sale package to Bayview on January 25th. The interior BPO was ordered and completed during the first week of February and we received first lien approval on February 12th!!! What's more???? Bayview has agreed to allocating funds to cover 20% of the balance on the second.....20 FREAKING PERCENT!!!

 

Did I die and go to short sale heaven???????

Posted by

 

Paving YOUR way to the American dream....brick by brick!!

 

Logo

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Georgia Coweta County
Tags:
newnan real estate
coweta real estate
bayview loan servicing
vanessa calhoun
newnan short sales
coweta short sales

Spam prevention
Show All Comments
Rainmaker
251,251
Joel Weihe
Realty World Alliance - Wichita, KS
Helping you to use your VA home loan benefits

That's amazing! Lots of banks making promises lately but not enough follow through for my liking.

Feb 14, 2013 05:44 AM #4
Rainmaker
83,082
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!
Richard - they're wonderful!!! Not at all like our albatross!!! Elizabeth - Wonderful news!!! Hopefully, I'll be working with them again very soon!! Ira- Now if they could only do something about their valuation process..... Joel - Unfortunately, that seems to be par for the course for many banks. This is the reason why we must toot the horns of those who work with us to ensure that the process is handled in a timely and professional manner.
Feb 14, 2013 06:16 AM #5
Rainmaker
290,629
Kathleen Lordbock
Keller Williams Realty Professionals - Baxter, MN
Keller Williams Realty Professionals

I am happy to hear of your experience- mine last year found them overwhelmed with files and then negotiators and supervisors who went "on vacation" leaving no one in charge of our file. 6+months and we finally got it done successfully but it was stressful for all. They did need to get their act together.

Feb 14, 2013 09:38 PM #6
Ambassador
2,603,165
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Congratulations on the quick response and the success, Hopefully all will go smoothly towards closing

Feb 14, 2013 10:05 PM #7
Rainmaker
1,418,377
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Vanessa, it's refreshing to work with a bank who is out there to help people and get the job done. Good Job!

Feb 14, 2013 10:09 PM #8
Rainmaker
83,082
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

Kathleen - I think many more banks and servicing centers are attempting to get their acts together because, let's face it, a short sale costs much less than a foreclosure.

Ed - Thanks! I hope so, too!

Michael - It most certainly is! PMH Mortgage has been in my top position for years.....now Bayview's vying for that # 1 spot! Lol!

Feb 14, 2013 10:39 PM #9
Rainer
51,165
Gary Burleson
Beach Water Realty - www.beachwaterrealty.com - Myrtle Beach, SC
Myrtle Beach Homes, Condos, Foreclosures, Investment Propery

WOW! I've never had a Short Sale close that quickly. Most of mine are with Bank of America. They're getting better, but still have a ways to go to beat that.

Feb 14, 2013 11:32 PM #10
Rainmaker
83,082
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

@ Gary....you're absolutely correct!!! BOA has gotten much better, but they can't beat that processing time! Lol!

Feb 14, 2013 11:52 PM #11
Rainmaker
848,807
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Thanks Vanessa for sharing that sucess story.  We agree most big banks have gotten better.

Feb 15, 2013 03:08 AM #12
Rainmaker
686,859
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker
And think what good PR they are getting. Maybe other lenders williston?
Feb 15, 2013 03:12 AM #13
Rainmaker
83,082
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

@ Bob.....it's certainly about time

@ Hella.....Funny thing...I received a call from Bayview about 3 hours after initially posting the blog thanking me for the post! I'm thinking that a lot of banks are monitoring blogs in order to gain more insight.

Feb 15, 2013 03:21 AM #14
Rainmaker
362,038
Jeanne Dufort
Coldwell Banker Lake Country - Madison, GA
Madison and Lake Oconee GA

I've been having a good experience with them, too.  Just waiting for an approval now.

Feb 15, 2013 04:28 AM #15
Rainer
509,713
Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

That's something to celebrate about, isn't it?

Feb 15, 2013 04:29 AM #16
Anonymous
Anna Hatridge, Goodson Realty

How Wonderful! Hopefully others will follow their example.

Feb 15, 2013 10:03 PM #17
Rainmaker
83,082
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

@ Jeanne.....Check your inbox...doesn't take long at all! Lol!

@ Kimo...It certainly is!

@ Anna....from your keypad to God's ears!!!

Feb 16, 2013 03:57 AM #18
Rainer
540,072
Dörte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Vanessa,

Awsome! I also had my "shortest" short sale with a local lender. It took just around two months from offer to settlement. Of course, then there are our favorite usual suspects ....

Feb 16, 2013 11:28 AM #19
Rainmaker
83,082
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

Of course!!!! Where would we be without our "usual suspects"??? Lol!

Feb 17, 2013 02:43 AM #20
Rainmaker
322,828
Evelyn Santiago, Managing Broker Heart Realty Group, Inc.
Heart Realty Group, Inc.. - Oswego, IL
Passionate About Real Estate & Our Clients!

I just found out that my BOA FHA file that I have been working on since April, 2012 just got transferred to Bayview.  I read a bunch of blogs about them but they were all negative!  I am so glad that your short sale went so well.  Maybe there is still hope....I want to believe it will work out better than with BOA.

Thanks for the blog!

Mar 05, 2013 06:00 AM #21
Rainmaker
83,082
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

@ Evelyn....I think that they've gotten much better in their processing. I haven't had any problems with them whatsoever.

Mar 06, 2013 12:11 AM #22
Rainmaker
1,507,472
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Congratulations on your success Vanessa! 

p.s. can you maybe give me an advise? How did you find and connected to your assigned asset manager when you had to initiate a short sale? 

Aug 02, 2019 02:06 PM #23
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
83,082

Vanessa Calhoun

Your Greater Atlanta Marketing Guru!!
Ask me a question
*
*
*
*