Short Sale Superstars

Providing you with the knowledge and tools needed to succeed with Short Sales.

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Help Me!

Post your Short Sale Problem. One of our Short Sale Superstars may have a solution!

Members: 130
Latest Activity: 1 day ago

Discussion Forum

Mayra Espinosa

Negotiating Short Sale with GREEN TREE 14 Replies

Started by Mayra Espinosa. Last reply by Tracy Gibson Feb 7.

Shelly Long

Deficiency Judgments in California? 5 Replies

Started by Shelly Long. Last reply by David Dee Feb 6.

Stephanie Anderson

No hardship but very upside-down rental property 5 Replies

Started by Stephanie Anderson. Last reply by Stephanie Anderson Feb 6.

Mitchell Gilbert

Any Advice on how to negotiate mechanics liens for a Short Sale 3 Replies

Started by Mitchell Gilbert. Last reply by Mitchell Gilbert Feb 5.

Cindy Greenya

FASLO (2nd trust) Requiring Reduced Commission! 6 Replies

Started by Cindy Greenya. Last reply by Judy Chapman Feb 2.

Tessa Wilborne

Fannie Mae 11 Replies

Started by Tessa Wilborne. Last reply by Pat and Ben Mullikin Jan 30.

Juanita Simkins

Help for VA homeowner

Started by Juanita Simkins Jan 28.

Mitchell Gilbert

Need Advice - Initial Paperwork Questions – For an IndyMac SS: 6 Replies

Started by Mitchell Gilbert. Last reply by Mitchell Gilbert Jan 27.

Maria Evans

BANK OF AMERICA / EQUATOR 2 Replies

Started by Maria Evans. Last reply by Maria Evans Jan 27.

Ben Carlson

Voluntary Relocation, and Short Sale 2 Replies

Started by Ben Carlson. Last reply by Eric M. Boyd Jan 26.

Comment Wall

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Keena Frye Comment by Keena Frye on January 21, 2010 at 1:07am
Thanks Kent! I was headed in this direction...doing this first thing in the morning.
Kent Dills Comment by Kent Dills on January 20, 2010 at 6:47pm
Keena, call in to the loss mit. desk and ask to speak with negotiator's supervisor (and give them your reason - it's a good one) or to get their contact info. Or, they might only offer to send the supervisor and email via their "system". That would do in a pinch too! Good luck and keep at it! ;-)
Keena Frye Comment by Keena Frye on January 20, 2010 at 5:50pm
Has anyone dealt with GMAC? They are the 2nd on a short sale I am doing and I am having a problem getting the approval letter from them. I am being told they have approved it but I have not seen the letter. I really need it to give to the first, BAC, because I am already pass the approval date. GMAC keeps saying the negotiator has to be the one to send it to me, but surprise...I can never get him on the phone.
Katerina Gasset Comment by Katerina Gasset on January 16, 2010 at 11:52pm
Teresa- Go back with a counter, 10% more in a note with 0% interest.
Take the note, see an attorney to make sure, but here, our attorney would say better to have a judgment of non payment on a 20% note than a 100% note, if the homeowner can not pay it all back at the end of the day.
Kent Dills Comment by Kent Dills on January 16, 2010 at 10:39pm
Teresa, If everything else with the deal is "doable"; ask the second to accept a 20 year note at 0% interest and see what they say (assuming those numbers work - they usually do).
Teresa Turner Comment by Teresa Turner on January 16, 2010 at 8:57pm
I need some help. I have a short sale where the 1st is getting paid in full and the 2nd is getting 50% and still wants a deficiency for another 25% with payments over 10 years @ 6%. The Sellers are busted and can't make any payments right now. How can they possibly sign a deficiency when they can't make the payments?
Mary Wilcox Comment by Mary Wilcox on January 16, 2010 at 3:58am
I think I responded in the wrong question. Sorry!
Mary Wilcox Comment by Mary Wilcox on January 16, 2010 at 3:56am
oh I'd say if your allowing (as an Agent) monies to be passed anywhere in your transaction off the HUD you have a serious problem.
That's oh say illegal, I'm thinking.
Anna Mackey SDHS Comment by Anna Mackey SDHS on January 15, 2010 at 9:07pm
That I don't know. That will be an attorney question :-)
Is this ch 7 or ch 13?
Mark Montgomery Comment by Mark Montgomery on January 15, 2010 at 8:59pm
Hmm... So, if the Primary gets a stay, which they will, the judge can't discharge the second and require that they release their lien?
 

Members (130)

Mori Langshaw Sr Kent Dills Bryant Tutas Wendy Rulnick Stephanie Lim Eric M. Boyd Judy Chapman Jeff Payne James ferebee jr Cindy Greenya Tessa Wilborne Katerina Gasset Elaine Edwards Mitchell Gilbert Keji Iuyomade Stephen B. McWilliam Missy Caulk David Dee Christy Haddock Kim Dove Maria Evans alisa hagner Shelly Long Randall Wilks Mayra Espinosa Sherry Siegel James Lockard Cathy McAlister Guy Lofts CRS Pahua Ly
 
 

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Discussion Forum

Makoto Sato

My company says that I can't list REOs 6 Replies

Started by Makoto Sato. Last reply by Jeff Payne Jan 29.

Steele V. Propp

Titanium Solutions branches into REO market 13 Replies

Started by Steele V. Propp. Last reply by Tiffany Erickson 4 hours ago.

Dawn Barrier CSP®,HRC

Titanium Solutions is currently processing Bank Of America Short Sales that are Freddie Mac loans. 7 Replies

Started by Dawn Barrier CSP®,HRC. Last reply by Dawn Barrier CSP®,HRC Jan 26.

 

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