Who Are Your Favorite Short Sale Lenders?

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


Good morning Superstars.


Here's a sampling of this week's superstar discussions. Please stop by and participate.

DiscussionsRepliesLatest Activity

Who is Your Favorite Short Sale Lender or Servicer?

I'll start. BB&T, PNC and Bank of America: BB&T and PNC for being straightforward and their quick response time. Bank of America fo…

Started by Wendy Rulnick

4 29 minutes ago
Reply by Wendy Rulnick

Shortselling 2nd lien only, questions

I am a buyer recently involved in short sale. Owner has 2 liens, both with 1 major bank. The listing agent told us the owner is just shor…

Started by Layla John

12 11 hours ago
Reply by Layla John

Has anyone dealt with a Mortgage Insurance company saying no to a short sale? Can they stop it?

I've been on here several times with posts of a HORRIFIC short sale. I am the owner of the house involved in the short sale process which…

Started by Carolyn Roberts

10 yesterday
Reply by Dirk Jeanis

Updates on Fannie Mae & Freddie Mac Inflated Value Issues

Just looking for any input on others experiencing the Fannie & Freddie inflated value issues. Any recent updates or solutions? I have…

Started by Raymond Kennedy

24 yesterday
Reply by Dirk Jeanis

Nationstar / Auction.com

What's your story? Is your client being forced into Auction.com?

Started by Thom Colby CA Broker

219 yesterday
Reply by Thom Colby CA Broker

What Do You Think About The Short Sale Lease Back Program?

Hi guys, Wondering what your thoughts were on the short sale lease back program that is starting gain traction in the short sale arena. Sh…

Started by Peter J Kim

47 yesterday
Reply by Paul (No Bad Days) Smith

Freddie Mac Audited - Be proactive!

I just got off of the phone with Freddie Mac, only to find that my assigned account manager has been moved to a new division due to "restru…

Started by Teresa Keeler

3 yesterday
Reply by Teresa Keeler

Discharged Bankruptcy - Short Sale

Does anyone know the guidelines for a discharged Chapter 7 Bankruptcy? FHA LOAN: Chase 1st, PNC HELOC Does the seller have to provide all o…

Started by toni blount

Do You Need More Short Sale Listings?

Short Sale Superstars wants to make generating Short Sale leads easier for you. So.....

.....here is a FREE one hour course on Short Sale Lead Generation that may help you.

Let's make 2013 a banner year for Short Sales. Together we can help a lot of folks avoid foreclosure.

4 yesterday
Reply by Ron Scribner
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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

I know they aren't the easiest and heard they are getting tougher for great deals on pricing but likely will be around for a little while longer until the market really gets back on its feet and the values cover the gap from the 07 implosion

Apr 07, 2013 12:47 AM #1
Dan Hopper
Keller Williams Realty Downtown LLC - Denver, CO
Denver Realtor / Author / Advocate/Short Sale

Thanks for the recent blog postings, Bryant.  Always good and useful information.  One of the worse loan servicer I have come across, and are still working to get on board is 21st Mortgage Corp.  They are 2nd lien holder and just really way out there.  They are a manufactured housing lender, and I believe they are acquiring notes at a discount and it ends up with Knoxville Trust.  Which ironically, has the same phone number and address as 21st Mortgage Corp.

They have the mindset that since they are the 2nd lien holder, they should receive the same percentage as the 1st lien holder gets.  Right now, we have a HAFA agreement with CitiMortgage, and 21st is to get $8,500. They rejected it and want an additional $852.00.  We are NOT done yet.  At least they dropped their request of wanting 79% of $30,000.

We will get there!!

Apr 07, 2013 12:49 AM #2
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Bryant Tutas

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