"I don't suppose the lenders are doing this out of the goodness of their heart. You are probably right, and there is either something wrong with the documentation, or it is impossible for the lender to prove ownership of the loan due to MERS…"
Short Sale Specialist Network
Realtor Short Sales Training and Resources
Amos Elroy's Groups
Amos Elroy's Discussions
Dealing with non-cooperative servicers
Started this discussion. Last reply by Tanya Endicott Feb 20. 3 Replies 1 Like
The other day I was on the phone with a lady from a servicing company regarding a possible short sale for a SSSN referred client. Let's just call them Remington, for the story.At first the loan…Continue
Dealing with Lender Reduced Attorney Fees
Started Jul 7, 2010 0 Replies 0 Likes
I am not sure if everybody is experiencing the same, but the last few approvals came back with serious cuts to the Attorney fees and in one case refusal to cover CO. It appears to be a new tactic. I…Continue
Dealing with Sellers
Started this discussion. Last reply by Terry L. Osburn, SFR Mar 16, 2010. 10 Replies 0 Likes
Dealing with sellers is not something often talked about, yet it is a crucial part of the Short Sale process. I have had sellers who sabotaged their own short sale, and I think it is important to…Continue
Best & Highest
Started this discussion. Last reply by Theresa Young-Rock Mar 18, 2010. 21 Replies 0 Likes
Joseph Alfe mentioned in another thread that he would always consider the strongest buyer, not the highest offer.I was surprised that there is actually no consensus about what constitutes one when it…Continue
Amos Elroy's Page
Latest Activity
Amos Elroy commented on Andrew Thurber's group Real Estate Humor"Has anyone noticed the SSA for is just ASS backwards!?"
Amos Elroy joined Peggy J. Wheaton's group
CDPE Members
This is a group for members of The Short Sale Specialist Network who have earned the CDPE (Certified Distressed Property Expert) designation.
"I agree...try to get another person. Also, most of the banks will not accept digital signatures and while we use them in a regular transaction we never use them in a short sale transaction. Banks have a box and if you and your deal don't fit…"
Amos Elroy commented on Derek Bauer's blog post I Don't Have a Hardship ... BUT ..."As long as the lender, or the servicer, believe they can keep the owner on the hook, what would be their incentive to agree to a short sale? Unless the loan is accelerated the LTV of 200% is not a problem for the bank. Think about it, it would only…"
Sheyenne Schultz replied to Amos Elroy's discussion Dealing with non-cooperative servicers"When dealing with people like this where you are getting abused and getting nowhere. Simply smile...talk kindly to them and say "thank you so much for you help" "I see" "hmmm" "well, let me get…"
Angela Alfe replied to Amos Elroy's discussion Dealing with non-cooperative servicers"Well, you were speaking with one person at the servicer. I have run into that and I simply stop the conversation and joke around with them. If that doesn't work I say, "I see you're having a really bad day. How about…"
Amos Elroy posted a discussionDealing with non-cooperative servicers
The other day I was on the phone with a lady from a servicing company regarding a possible short sale for a SSSN referred client. Let's just call them Remington, for the story.At first the loan servicing company representative refused to accept a digitally signed authorization form, which caused a delay of a few days. After the authorization process was completed I called in to get the full information. What I was told was that there foreclosure sale scheduled a few weeks from that date, and…See More
Amos Elroy commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"You got to ask yourself if this is not just the making of another wave of foreclosures down the line.
I am not an economist but I'd like someone to explain how the market can be fixed on basis of virtual equity? It seems very artificial, and…"
Amos Elroy replied to Laurie Anderson's discussion TEXAS LOVES SSSN in the group Preferred Partners"If I comment on this discussion, would I have to relocate to Texas?"
Amos Elroy commented on Mike Linkenauger's blog post Has The Real Estate Market Stabilized?"Yes Anita, Titanium is actually one of the more visible services. It is not uncommon, there are many more. Though it is legit, I don't see the point for a Realtor to work for them though.
As to the question at hand, I think that if…"
Amos Elroy joined Mike Linkenauger's group
Referral Agent Needed!
At the Short Sale Specialist Network, we have at least 2-10 referrals each day in areas where we do not even have ONE preferred partner.See More
Amos Elroy replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"Yeah, Mike, I actually do know one who does everything themselves, but let's say they do use staff to do so.
How does it differ from a realtor employing staff to do so in-house? If the attorney is a responsible and capable one, they…"
Amos Elroy replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"Would you still consider it your fiduciary responsibility if the borrower was comfortable with assigning the negotiation role to their lawyer? In this case it would be their fiduciary responsibility, and there is nothing fundamentally wrong with…"
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Hudson County, NJ
Essex County, NJ
Union County, NJ
Bergen County, NJ
- Short Sale Designations and/or Special Training
- SFR (Short Sales and Foreclosures Resource)
- Website
- http://hobnjre.com
- Short Sale Transactions Completed
- 0-5
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Focus on residential Investors on the buying end, and foreclosures / short-sales on the listing end. Apply same rigor to standard real estate retail transactions.
- Put in todays date! This is to help stop spammers!
- April 26, 2010
- PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
- I AGREE
Comment Wall (3 comments)
- At 11:23am on February 9, 2010, Amos Elroy said…
- About 2 years now I believe. How about yourself?
We should really have an Exit task force for short-sales and get the headquarters interested in organizing some agent training and resources. What do y'all think? There is already a small Exit group on the SFR Ning site.
- At 4:03pm on February 6, 2010,
Nancy Fraser said…
- Hi Amos
Thank you for inviting me to the group look forward to chatting with you all.
- At 5:33pm on February 05, 2010, Mike Linkenauger gave Amos Elroy a gift…
~ JOIN US ~
We Refer Thousands of
Listings to agents like YOU!
_____________________
Customer Service (877)737-4903
Contact our support staff CLICK HERE
___________________
____________________
Realtor Short Sale Training Program
____________________
FOLLOW US!
  |
|
  |
______________________
Always seek legal advice and representation. The Short Sale Specialist Network and First Coast Realty Associates assume no responsibility for the content of this website.
____________________
Jacksonville Real Estate Short Sale Help CA Short Sale
____________________
Forum
Supreme Course rules on Quicken Case - Fee does not violate Section 8(b) of RESPA
Started by Patti Guilford in Rants and Raves. Last reply by Fred Shocklie 1 hour ago. 2 Replies 0 Likes
What does Analysis stage mean Bank of America
Started by Craig Schneider in Rants and Raves. Last reply by Craig Schneider 2 hours ago. 9 Replies 0 Likes
Making sure your Realtor is on top of things
Started by Stephen Dotlich in Rants and Raves. Last reply by Satar Naghshineh 2 hours ago. 16 Replies 0 Likes
Are FHA loans eligible for HAFA?
Started by Cinda Rose in Rants and Raves 5 hours ago. 0 Replies 0 Likes
Bank of America changed closing date
Started by Kevin Hayes in General Discussion. Last reply by Dawn Marie Richeal 5 hours ago. 5 Replies 0 Likes
Bank of America NDS Co-op on Proactive
Started by Olesya Drozdova in Question and Answer. Last reply by Jack Dudenhoeffer 6 hours ago. 3 Replies 0 Likes
Is There A Maximum Dollar Amount That Qualifies For A Short Sale?
Started by James Ybarra in Rants and Raves. Last reply by Mike Linkenauger 7 hours ago. 4 Replies 0 Likes
Does anyone have any short sale experience with Ocwen Bank?
Started by Varnie Jules in Network Talk. Last reply by Joseph C. Alfe on Monday. 15 Replies 0 Likes
Bank of America Short Sale Incentive Relocation Assistance
Started by TeamKane Realty in Rants and Raves. Last reply by Rob E. Kirchner on Sunday. 2 Replies 0 Likes
Can the seller pay additional commission?
Started by Jose Hernandez in Question and Answer. Last reply by Satar Naghshineh on Sunday. 63 Replies 0 Likes
© 2012 Created by Mike Linkenauger.
