Short Sale Superstars

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

Eric M. Boyd
  • Male
  • Jacksonville, FL
  • United States
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Short Sales and Foreign Owners. What's the benefit?

Replied Oct. 26, 2009

Not a normal market

Replied Oct. 6, 2009

Not a normal market

Replied Oct. 6, 2009

 

Eric M. Boyd's Page

Latest Activity

Eric M. Boyd replied to Vicki's discussion 'Contract' in the group Help Me!
Maybe I'm missing part of the situation here, so please pardon me. What "contract" are you waiting for? Did you already submit an offer to the seller? If so, did they accept and sign your offer? If so, then you have a contract. With your offer, you…
March 11
Eric M. Boyd replied to Jerry White's discussion 'BoA countered on our offer..need help!' in the group Help Me!
Hi Jerry, Did they actually make a counter-offer, or did they issue a short sale approval at a certain price, which ended up being higher than your offer? Technically, only the seller would be authorized to make a counter-offer to you, since the pu…
March 9
Eric M. Boyd replied to Christy Haddock's discussion 'To allow or not to allow a tenant to stay during listing?' in the group Help Me!
The homeowner, in this situation, should contact his/her mortgage company to see about a loan modification. Sending the lender a partial payment will only prolong the issue, in my opinion. Now, if they want to sell, then they just need to set themse…
March 8
Eric M. Boyd replied to Vicki's discussion 'Short Sale Process from Start to Finish PLEASE!' in the group Help Me!
"IS IT POSSIBLE FOR THE BANK TO CHANGE THOUGH THIS PROCESS?" It can happen, but I don't think it's common. Someone will usually get notified in advance. If the property goes into pre-foreclosure, the current lender may send it to a trustee to handl…
March 8
Eric M. Boyd replied to Vicki's discussion 'Contract' in the group Help Me!
A lawyer is the only one who can legally write up a contract. But, most Realtor boards have "stock" contracts prepared by their attorney for board members to fill in the blanks. Now, a seller and buyer can draft their own contract, too, and there is…
March 8
Eric M. Boyd replied to Vicki's discussion 'Short Sale Process from Start to Finish PLEASE!' in the group Help Me!
Vicki, Welcome to ShortSaleSuperstars! Hopefully you'll get your questions answered. I'll offer up some info for you. Here's the basic process I go through with my short sale listings: 1. List the property at a price comparable to recent sales in…
March 5
Eric M. Boyd replied to Stephanie Anderson's discussion 'No hardship but very upside-down rental property' in the group Help Me!
Stephanie, The lender(s) may still approve a short sale, regardless of their financial situation. But, they should be prepared to sign a promissory note at closing.
February 4
Eric M. Boyd replied to Ben Carlson's discussion 'Voluntary Relocation, and Short Sale' in the group Help Me!
Hi Ben, Last year, I sold a townhouse through short sale with a seller who relocated by choice. They were never late on payments or anything. Their mortgage was with Citibank. They still had to provide all their financial paperwork for the process,…
January 26
Eric M. Boyd replied to Judy Chapman's discussion 'Tenants Right When Owner Wants to Sell House as Short Sale' in the group Help Me!
It really depends on your state's Landlord/Tenant Law, and what's written in the lease agreement. Here in FL, a tenant can't keep showings from occurring, but the tenant does still have the right to quiet use and enjoyment of the property. Usually,…
January 22
Eric M. Boyd replied to Eric M. Boyd's discussion 'What to do? Buyer's side not cooperating, it seems' in the group Help Me!
Just wanted to keep this updated. The seller decided to cancel the contract and stake claim in the binder deposit. As expected, the buyer's agent says the buyer will fight this and try to get back their deposit. We're clearly beyond the timeline est…
January 20
Eric M. Boyd replied to Mori Langshaw Sr's discussion 'Multiple Offers On A Short Sale Already In Review.' in the group Help Me!
Yes, absolutely stay the course, Mori. You have an approval coming, so get it, close the deal, and work on the next one. Congrats on getting the approval!
January 15
Eric M. Boyd replied to Mori Langshaw Sr's discussion 'Multiple Offers On A Short Sale Already In Review.' in the group Help Me!
I'm with you. If there's already a contract on the table and active with the negotiator, then I urge the seller to hold future offers as backups.
January 14
Eric M. Boyd replied to Kim Dove's discussion 'Foreclosure on $0 Balance Condo' in the group Help Me!
Yeah, an attorney would be the first person she talks to about this, and I'll guess they'll want to make sure that she is represented during any hearings on the foreclosure, so they can delay any sale while the divorce process is occurring, or at le…
January 7
Eric M. Boyd replied to James Lockard's discussion 'Indymac Negotiator - Email Only Communication?' in the group Help Me!
My last Indymac/Onewest deal was the same way. Never got a return phone call, but the email communication was decent enough to get it done.
January 1
Eric M. Boyd replied to Kim Dove's discussion 'Will this be a problem for the bank?' in the group Help Me!
Kim, Investors place their properties in land/property trusts all the time, so it shouldn't be any surprise to their mortgage company. Just make sure the contracts have whatever name(s) is/are recorded on the deed, and proper signatures from the tr…
December 30, 2009
Bryant Tutas replied to Eric M. Boyd's discussion 'What to do? Buyer's side not cooperating, it seems' in the group Help Me!
Eric, This sounds like a normal deal in my neck of the woods :). If the contract has expired then place the property back on the market. Quit trying to reach the buyer's agent and deal directly with the mortgage company if they are the ones respondi…
December 21, 2009

Profile Information

First Name
Eric
Last Name
Boyd
State
FL
City
Jacksonville, St Johns, Orange Park, Middleburg
My Profile
Realtor in Jacksonville, FL. I have plenty of short sale experience with successful closings of short sale transactions. I am also currently working to grow my rental property management portfolio.
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Forum

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