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2012 Short Sale Symposium At Sea Cruise!
March 17, 2012 to March 22, 2012 – West Palm Beach, FL
Visit www.ShortSaleCruise.com for Complete Details! March 17th - March 22nd 2012Sailing from Ft. Lauderdale, FLPorts of Call include Belize City and Cozumel The Short Sale Symposium at Sea is an e…
Organized by Mike Linkenauger | Type: cruise, conference
6 Comments 6 Likes
Default Servicing News (DS News)
Selene's Larry Litton on the Rise of Smaller Special Servicing Shops
The default servicing industry is in a state of transition, according to Larry B. Litton Jr., CEO of Selene Finance, and it's the smaller, more nimble servicing operations that will have the advantage in reacting quickly to the new rules and the changes that are in store.Administration Revamps HAMP to Reach More Borrowers
The Obama administration has announced changes to its flagship foreclosure prevention initiative - the Home Affordable Modification Program (HAMP) - which officials say will expand its reach to more distressed homeowners. Among the changes, borrowers who are struggling because of debt beyond their mortgage will be eligible for a secondary evaluation with more flexible debt-to-income criteria, and eligibility will be extended to investor-owned homes that are used as rental properties. The administration is also giving principal reductions a bigger role within the program.Michigan, Ohio Lawmakers Propose Large-Scale Demolition
With vacant and deteriorating properties taking a toll on communities throughout Ohio and Michigan, 16 congressmen from the two states are proposing large-scale demolition as a means of easing the burden of these problematic properties, and they've petitioned President Obama for federal funding. They say some homes in Ohio are selling for 8 percent of their appraised value as a result of neighboring vacancies, and they cite a demolition project in Flint, Michigan, that preserved $109 million in property values among the remaining inhabited homes.Terms of Service
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What is The Short Sale Specialist Network?
We are a nationwide network of Realtors® who are specialists in helping homeowners avoid foreclosure by working a short sale. We have created this site as an outlet for our referral and training programs, as well as to provide a resource for agents around the country to network with each other and discuss tactics and strategies in order to better work short sales.
A site by short sale Realtors®, FOR short sale Realtors®.
At The Short Sale Specialist Network, we also work with thousands of homeowners in financial hardship, educating and guiding them through the short sale process and directing them to a qualified, screened short sale agent in their area.
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Blog Posts
Short Sale Approval Tips
Posted by Allie L. Zehring on January 27, 2012 at 12:30pm 0 Comments 0 Likes
Housing Crisis to End in 2012? Standards-It might just be time to buy!
Posted by Kathryn Lovell on January 26, 2012 at 11:46am 8 Comments 0 Likes
Is this the right place to ask for help? BAC HAFA
Posted by Frances Earman on January 25, 2012 at 1:05pm 2 Comments 0 Likes
BAC has emailed me to use the BAC-HAFA short sale site for email, but didn't tell me how to get there. I think (too frazzled after failure to be sure) I may have tried to access it last week but was not able to successfully complete sign-up. Or I may have been on some other BA site.
WARNING TO YOUR SELLER'S REGARDING DEFICIENCY LANGUAGE!!!!!
Posted by Ben Benita on January 25, 2012 at 12:28pm 4 Comments 0 Likes
WARNING for any of your Seller's thinking they can just agree to the deficiency rights post closing, and, then declare bankruptcy to "make it go away" later.
We just got an approval letter for a Wells Fargo second lien, and, it SPECIFICALLY PROHIBITS the Seller from including the banks deficiency rights should they elect to declare bankruptcy in the future!!!
Translation - even if the Seller declares bankruptcy, the DEFICIENCY RIGHTS CAN NOT BE… Continue
We just got an approval letter for a Wells Fargo second lien, and, it SPECIFICALLY PROHIBITS the Seller from including the banks deficiency rights should they elect to declare bankruptcy in the future!!!
Translation - even if the Seller declares bankruptcy, the DEFICIENCY RIGHTS CAN NOT BE… Continue
Need REO and SS Listings This Weekend
Posted by Christine Aldrete on January 24, 2012 at 12:08pm 0 Comments 0 Likes
If anyone has non-MLS or upcoming listings that meet the following criteria, please let me know. I have investment clients for multiple units this weekend and inventory in the MLS is scarce. Thanks!
REO or Short Sale Approved
Acquisition at 50-70% of Market Value
North of Hwy 90/IH10 in San Antonio
Built after 1996
1700+ SF
Up to $150,000 per unit
Report Shows Loan Mod's Falling
Posted by Allie L. Zehring on January 24, 2012 at 12:00pm 0 Comments 0 Likes
A third quarter report through Moody’s Investors Service said that servicers are beginning to sort and work through some of their foreclosure backlogs. Moody’s report also shows that loan modifications are on the decline and servicers are opting to loss mitigation alternatives such as …
ContinueLatest Activity
Paul Francis commented on Kathryn Lovell's blog post 'Housing Crisis to End in 2012? Standards-It might just be time to buy!'
@ Amos,
It only takes 3 years from a short sale or a foreclosure to qualify for a home loan again. We are starting to see these homeowners who took matters in their own hands long ago, did what they had to do (short sale) and are now buyers…
Joel McClintock updated their profile
Joy Baker commented on Frances Earman's blog post 'Is this the right place to ask for help? BAC HAFA'
Frances, Bank of America wants all short sales (including HAFA short sales) to be done via their platform, Equator. You can reach it by going to www.equator.com. Once there you will have to set up an account.
With regard to the…
Dana Harris Carter commented on Kathryn Lovell's blog post 'Housing Crisis to End in 2012? Standards-It might just be time to buy!'
Hey Kathryn! Thanks for sharing. However, I have a famous saying that I tell everyone which is "I do NOT care what Economists say about the Real Estate market ending soon because I'm out here in the trenches where I've been for the…
Garland Perry updated their profile
Steele V. Propp commented on Kathryn Lovell's blog post 'Housing Crisis to End in 2012? Standards-It might just be time to buy!'
Just saw another study that this would not be back on track until 2015.
The fact is no one can predict this. IMHO
Steele
Sheila Vardakis liked Amber Brouillet's discussion 'Meet Liberty of the Seas'
Monica Acoff liked Mike Linkenauger's group 'Bank of America Short Sales'
Monica Acoff liked Mike Linkenauger's group 'Wells Fargo Short Sales'
Monica Acoff liked Toby Boyce's group 'PNC/National City'
Short Sale Symposium at Sea 2012
This group will serve as a general discussion board for the upcoming Short Sale Symposium at Sea Conference. We will periodically post updates to this group as they become available.See More
Sheila Vardakis joined Mike Linkenauger's group
Top Content
| 1 |
Servicing Company using bogus subcontractor to skim 1% for themselvesAdded by John E. Roberts on January 23, 2012 |
| 2 |
Need Help with BoA Fha Short salePosted by Deric Beckett on January 23, 2012 |
| 3 |
Housing Crisis to End in 2012? Standards-It might just be time to buy!Added by Kathryn Lovell on January 26, 2012 |
| 4 |
GUARANTEED LISTINGS & PREFERRED PARTNER MEMBERSHIP!Posted by Mike Linkenauger on January 23, 2012 |
| 5 |
PartnerFirst Short Sale ProgramPosted by Mike Linkenauger on August 24, 2010 |
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Forum
PartnerFirst Short Sale Program
Started by Mike Linkenauger in Rants and Raves. Last reply by Denise Orrico 3 hours ago. 24 Replies 0 Likes
Fifth Third
Started by Sharon Molnar in Help Wanted!. Last reply by Sharon Molnar 3 hours ago. 6 Replies 0 Likes
GUARANTEED LISTINGS & PREFERRED PARTNER MEMBERSHIP!
Started by Mike Linkenauger in Network Talk. Last reply by Mike Linkenauger 3 hours ago. 10 Replies 0 Likes
Need Help with BoA Fha Short sale
Started by Deric Beckett in Help Wanted!. Last reply by Deric Beckett 3 hours ago. 17 Replies 0 Likes
Realtor Wall of Fame - Short Sale Specialist Network
Started by Mike Linkenauger in Rants and Raves 7 hours ago. 0 Replies 3 Likes
CHASE giving up to $20K to move short sales!
Started by Ed Martinez,CDPE, SFR, CHS, REOS in General Discussion. Last reply by Ed Martinez,CDPE, SFR, CHS, REOS 9 hours ago. 10 Replies 0 Likes
SAFE CREDIT UNION - How are they to work with??
Started by Paula Glesener in Help Wanted!. Last reply by Janice Wheeler 9 hours ago. 2 Replies 0 Likes
Best & Worse Lenders To Work With in 2011
Started by Mike Linkenauger in Rants and Raves. Last reply by terry powe on Thursday. 36 Replies 1 Like
Anyone have success using any VA's they can recommend?
Started by Paul Antonelli in General Discussion on Wednesday. 0 Replies 0 Likes
What is up with Citi Bank
Started by Victoria Clark-Alexander in General Discussion. Last reply by Victoria Clark-Alexander on Monday. 4 Replies 0 Likes
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