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CONNECTIONS & Great IDEAS!

Dont miss the boat! Get connected~Share successful (secrets) ideas that work for you~and may work for others!

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Latest Activity: Oct 26, 2012

Discussion Forum

PREPARING THE SELLER

Started by Mike Beernink. Last reply by Lorraine Hunter, CIAS, CDPE Nov 5, 2010. 1 Reply

In the past 4 years, short sale procedures have changed dramatically.  The biggest change I have seen is the requirement of a Promissory Note from Mortgage Insurance Companies.  I believe that we, as…Continue

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Comment by Joe Robaina on April 25, 2012 at 1:45pm

Good afternoon, I am wondering if any of you may have a letter to distressed homeowners that gave you good results and if you would want to share with me.

I've writte a few myself and the results have been less than stellar.

Comment by Amy Givoni on August 18, 2011 at 10:36pm
If you want your short sales closed, and don't want to deal with the negotiation yourself, I recommend www.shortsaledepartment.com. They have been closing my files for four years now. They've closed everything - including files with a first, a second, a third, hoa liens, roofer liens, IRS liens and files that have been through bankruptcy. They even had Chase Bank rescind an auction once, so we could proceed with the short sale, which we did, and CLOSED!!
Comment by Ana Huffer on November 4, 2010 at 7:53pm
Hello! Has anyone used Short Sale Commander or Short Sale Builder? ShortSaleCommander.com has a free 2 week trial that I'm going to try but was wondering if anyone had any comments about either program.
Comment by Chauncey on August 20, 2010 at 2:41pm
Shannon, So true. I don't think Wachovia/Wells Fargo will be the only one to start "referring" to realtors for short-sales. I agree with you...I see this as something that will be coming shortly across the board with all lenders.
Comment by SHANNON McGREGOR ~ CSSG, HRC on April 27, 2010 at 5:06pm
Hi Mike, I couldnt find the free part. I found the first 3 months free. Where is the free site, do you know?
Comment by Mike Linkenauger on April 27, 2010 at 1:19pm
I've found Point2.com an awesome free site. There are alot of tools there. I think I have 6-7 different full on websites through point2. There basic one is free for the first like three months, then only like 14.95/month. Again, they have some excellent resources you can use, but are always trying to get you to upgrade to the premium.

I have several 14.95 sites that do plenty of business...
Comment by SHANNON McGREGOR ~ CSSG, HRC on April 16, 2010 at 4:41pm
Nice!!Good luck~
Comment by Hazel Graham on April 16, 2010 at 4:08pm
Thanks Shannon for the great tip. I just sign up for my free web site. I'm anxious to see how it works. Have a great day!
Comment by SHANNON McGREGOR ~ CSSG, HRC on April 12, 2010 at 7:19pm
I paid for my web site from Alamode for over 4 years. The cost was anywhere from $300-400 annually for the premium site, cant remember exactly. And then I ran out of money (this was in 2008). So they called me to make a deal, and I explained I was not able to extend for another year. So the lady on the phone said "Did you know we have a basic site, and its free?" I said "SIGN ME UP!!". Anyways, you can get a free web site from www.ALAMODE.com . The site I curently have is free. It has everything I need. An IDX to search for homes, and an information front page. I do pay for my custom website address/domain through www.godaddy.com at about $11.00 each name annually. U have 4. Anyways, I'm glad I found out that I could get a free web site to refer clients to for info. If you want to check out my site its www.MustShortSale.com
Comment by SHANNON McGREGOR ~ CSSG, HRC on April 8, 2010 at 4:26pm
With all these short sale incentives ( I beleive they will get better later), it makes me nervous that lenders will start picking and choosing their real estate agents (like REO's) to refer these borrowers who are in default to.

Anyways, I can see that coming. Monday, I spoke to a short sale manager at Wachovia here in Southern California. I asked her" What will be your procedure with this new HAFA program (cause I beleive it will be the lender that requests/SUGGESTS that the borrower do a short sale) do I need to do to get on your list of prefferred agents?" for short sales? If you in fact have one.
She said~ We will be refferring to these borrowers in default, 3 agents (in the area of the borrowers home) from 3 different offices. Once you have closd a short sale with us, you are automatically on this list. This is as a listing agent only, and on Wachovia portfolio loans only.
I just though Id mention that to you all. Dont know if all I say is factual (as I am only asking 1 person these questions, and you know I could call back, speak to someone else, and get a totally different story) Go Get THOSE WACHOVIA PORTFOLIO LISTINGS!!!!
 

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Discussion Forum

PREPARING THE SELLER

Started by Mike Beernink. Last reply by Lorraine Hunter, CIAS, CDPE Nov 5, 2010. 1 Reply

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