Amos Elroy
  • Male
  • Hoboken, NJ
  • United States
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Amos Elroy's Discussions

Dealing with non-cooperative servicers

Started this discussion. Last reply by Tanya Endicott Feb 20, 2012. 3 Replies

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

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

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

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 replied to Kristina Dean's discussion Ocwen & HUBZU
"I have always been very dubious about Hubzu and what seemed to me as shady practices."
Jun 4, 2014
Amos Elroy liked Kristina Dean's discussion Ocwen & HUBZU
Jun 4, 2014
Amos Elroy commented on Mike Linkenauger's blog post Fannie Mae National Real Estate Price Fixing is Here
"Signed the petition earlier today and advertized through my social networks. A little more accountability and oversight of Fannie Mae wouldn't be a bad thing at all, be it a conspiracy or not. They are clearly not behaving reasonably in a lot…"
Jan 28, 2013
Amos Elroy commented on Mike Linkenauger's blog post Fannie Mae National Real Estate Price Fixing is Here
"Cathrine, unfortunately this is happening with many servicers and lenders. I have never understood why on earth you would exclude short sales and REOs from comps. After all they are part of the market, and what sets the rest of the prices. Are they…"
Jan 25, 2013
Amos Elroy commented on Mike Linkenauger's blog post Fannie Mae National Real Estate Price Fixing is Here
"Ben, I wish there was an accessible way for the realtor to know the insurance coverages and be able to replicate the lender's formula to assess this. Any ideas?"
Jan 25, 2013
Amos Elroy commented on Mike Linkenauger's blog post Fannie Mae National Real Estate Price Fixing is Here
"Hmmm, you may have a point there in a way. The only thing is that Fannie Mae also suffers from the foreclosed property inventory they help to build up, and that can't be good for the market either. Could it be offset by the driven up prices in…"
Jan 18, 2013
Amos Elroy replied to Mike Linkenauger's discussion Easily adding Designation Logos and Other Logos to your SSLM! in the group Short Sale Lead Machines
"So far I have not been able to log onto the WordPress admin console with my credentials. Is there any solution so I can start modifying and adding content? TIA"
Sep 12, 2012
Amos Elroy joined Mike Linkenauger's group

Short Sale Lead Machines

This group will be a question and answer forum for our $1 Short Sale Lead Machine agent websites.See More
Sep 12, 2012
Amos Elroy replied to Edwin Baloloy's discussion Citimortage $35,000 moving allowance letter
"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…"
May 7, 2012
Amos Elroy commented on Andrew Thurber's group Real Estate Humor
"Has anyone noticed the SSA for is just ASS backwards!?"
Apr 3, 2012
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.
Mar 23, 2012
Brenda Haugen liked Amos Elroy's discussion Dealing with non-cooperative servicers
Feb 20, 2012
Tanya Endicott replied to Amos Elroy's discussion Dealing with non-cooperative servicers
"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…"
Feb 20, 2012
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…"
Feb 20, 2012
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 kindly to them and say "thank you so much for you help"   "I see"  "hmmm" "well, let me get…"
Feb 19, 2012
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…"
Feb 16, 2012

Profile Information

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)
Short Sale Transactions Completed
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!

Comment Wall (3 comments)

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Join Short Sale Specialist Network

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




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