Ben Benita
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  • Gainesville, VA
  • United States
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Ben Benita's Discussions

Need Raleigh, NC referral agent! We do all the processing!

Started Mar 25, 2013 0 Replies

We have a client who needs a referral agent in Raleigh, NC. . .Obviously since the client came to us for our expertise, we would appreciate the opportunity to handle the file for you.  If interested,…Continue

Question - Can a real estate agent BUYING an FHA short sale property (Seller has an FHA Loan that is being shorted), get paid a commission?

Started this discussion. Last reply by Ben Benita Feb 16, 2013. 11 Replies

I have been doing short sales for more than 8 years now for agents all over the country and EVERY time a Servicer has known the Buyer is an agent and is expecting a commission, the commission gets…Continue

Need Help Wth GMAC and Equator - "Signed Name Affidvit"?

Started this discussion. Last reply by Angela Alfe Jul 19, 2011. 1 Reply

Anyone know SPECIFICALLY what a: "Signed Name Affidavit" is?  We are doing a GMAC second lien short sale on Equator and being asked for this item.  Negotiator (and her supervisor) are missing in…Continue

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Ben Benita's Page

Latest Activity

Inna Ivchenko commented on Ben Benita's blog post •Short Sale Tip - How To Get Your Voice Mail Heard FIRST!!•
"I need to try #. Thanks for sharing these tips."
Jun 13, 2014
Ben Benita replied to Mike Linkenauger's discussion Are Your Sellers Getting Short Sale Cash Back Incentives?
"Every HUD you send in should have AT LEAST $3000 in Seller relo. money requested. If the loan is a portfolio, many banks will literally pay 10 TIMES that amount in relo. money!!!"
Apr 17, 2014
Ben Benita commented on Ben Benita's blog post ✬"Short Sale Tip - How To Get Your Voice Mail Heard FIRST!!✬
"It 100% works, though not all Servicers have this system set up (most do). It also works on some cell phones and some regular land lines.....good stuff!!!!"
Apr 15, 2014
Christine Frank Fuentes commented on Ben Benita's blog post ✬"Short Sale Tip - How To Get Your Voice Mail Heard FIRST!!✬
"thanks - have you tried this to see if it actually works?"
Apr 15, 2014
Ben Benita posted a blog post

•Short Sale Tip - How To Get Your Voice Mail Heard FIRST!!•

When leaving a message, ALWAYS hit the "#" sign after your message.Not all, but most messaging systems will allow you to mark your message as "urgent" after you do this.What does this mean?When marked as "urgent", your message gets moved ahead of EVERYONE else that called before you, and, is noted as "URGENT" when played back!!!If the person you are trying to reach has 20 messages, he/she will not only hear yours first, but will also hear it marked as "urgent".BEST MOVE - DO IT TWICE!!!!When…See More
Mar 28, 2014
Ben Benita posted a blog post

✬"Short Sale Tip - How To Get Your Voice Mail Heard FIRST!!✬

When leaving a message, ALWAYS hit the "#" sign after your message.Not all, but most messaging systems will allow you to mark your message as "urgent" after you do this.What does this mean?When marked as "urgent", your message gets moved ahead of EVERYONE else that called before you, and, is noted as "URGENT" when played back!!!If the person you are trying to reach has 20 messages, he/she will not only hear yours first, but will also hear it marked as "urgent".BEST MOVE - DO IT TWICE!!!!When…See More
Mar 14, 2014
Ben Benita replied to Jeff Struchen's discussion Market Value Dispute
"2 things: 1)  Valuations - Tim McCallum, director of short sales for Fannie Mae, has stated that due to recent market gains, Fannie has a new policy of countering short sale offers above market value, because they assume that if they…"
Dec 26, 2013
Ben Benita replied to Debbie Parkans, CDPE, CSSG, CRS's discussion NEW BANK OF AMERICA GUIDELINES
"...and B of A comes up with new docs. in order to drag out the process, screw over the Investors they service for, and make more money for themselves....AWESOME!!!! As much as I DESPISE some of their tactics, gotta admit: I DO COMMEND BANK OF…"
Oct 7, 2013
Ben Benita commented on Tami Smith's blog post Collecting rent on a short sale
"I would BET THE FARM it is not illegal in ANY state!!! Imagine B of A (or ANY Servicer) tries this in court: The ONLY thing the judge will ask: "...Mr. Seller, do you own the property at 123 Main Street?" "Yes I do your…"
Sep 25, 2013
Ben Benita commented on Tami Smith's blog post Collecting rent on a short sale
"My 2 cents - KEEP COLLECTING THAT RENT!!! Banks INTENTIONALLY drag their feet in order to collect servicing fees from the Investor (don't believe me, talk to the higher ups "off the record"). Most Servicers have NO motivation to get…"
Sep 25, 2013
Ben Benita commented on Sonia Shanahan's blog post Georgia deeming it illegal to represent sellers for a short sale any longer!
"Georgia - I just got off the phone with Rod at the Georgia Department of Banking (he asked that I NOT put his last name or contact info. on here as he has been FLOODED with calls over that email), and he confirmed: "Agents CAN process short…"
Aug 20, 2013
Ben Benita commented on Sonia Shanahan's blog post Georgia deeming it illegal to represent sellers for a short sale any longer!
"Maryland - as of July agents CAN process short sales....no worries and no credit license is required"
Aug 20, 2013
Ben Benita commented on Sonia Shanahan's blog post Georgia deeming it illegal to represent sellers for a short sale any longer!
"We WILL have definitive answers tomorrow, no "interpretations" or BS. I spoke to the assistant for the guy at the GA Dept. of Banking that put out that message and she said, and I quote: "......we have been FLOODED with calls on this…"
Aug 20, 2013
Ben Benita replied to Sidney Kutchuk's discussion How can I get rid of Auction.com
"Extortion -  The practice of obtaining something, esp. money, through force or threats Would seem to me that dangling the THREAT of foreclosure in order to get a Seller to use a company like Auction.com is borderline extortion. Class…"
Aug 5, 2013
Connie Theriot Carous commented on Ben Benita's blog post Which Banks Are Currently Paying 8% - 10% commission to agents on their Portfolio Loan Short Sales?
"Sorry, I missed the newsletter that states which banks are paying 8 to 10 % commission. Can anyone fill me in?"
Aug 3, 2013
Ben Benita posted a blog post

Which Banks Are Currently Paying 8% - 10% commission to agents on their Portfolio Loan Short Sales?

For those that saw us on the short sale cruise in February – YOU ALREADY KNOW (and you missed a GREAT TIME)!!! For those agents that are currently making better use of their time and letting us process your short sales – YOU ALREADY KNOW!!! FINALLY you can get what you are worth!!! Short sales are can take dozens of hours to complete and some banks finally are admitting THEY LOSE MORE MONEY when they have to foreclose!!!! __________________________________________________________…See More
Jul 27, 2013

Profile Information

Occupation
Negotiator, Investor, Other
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Virginia, Washington DC, Maryland, nationwide
Short Sale Transactions Completed
100+
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
Yes, I am a commercial real estate investor
About Me/Profile of yourself: - Please add your Brokerage Company name also!
I have been successfully processing and negotiating short sales for more than 5 years, and, just finished a short sale negotiations book/course called "Are You More Likely To See Bigfoot Or A Short Sale Approval Letter?
Put in todays date! This is to help stop spammers!
January 2, 2013
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!
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Ben Benita's Blog

•Short Sale Tip - How To Get Your Voice Mail Heard FIRST!!•

Posted on March 28, 2014 at 7:17pm 1 Comment

When leaving a message, ALWAYS hit the "#" sign after your message.

Not all, but most messaging systems will allow you to mark your message as "urgent" after you do this.

What does this mean?

When marked as "urgent", your…

Continue

✬"Short Sale Tip - How To Get Your Voice Mail Heard FIRST!!✬

Posted on March 14, 2014 at 2:14pm 2 Comments

When leaving a message, ALWAYS hit the "#" sign after your message.

Not all, but most messaging systems will allow you to mark your message as "urgent" after you do this.

What does this mean?

When marked as…

Continue

Which Banks Are Currently Paying 8% - 10% commission to agents on their Portfolio Loan Short Sales?

Posted on July 27, 2013 at 7:00pm 1 Comment

For those that saw us on the short sale cruise in February – YOU ALREADY KNOW (and you missed a GREAT TIME)!!!

 

For those agents that are currently making better use of their time and letting us process your short sales – YOU ALREADY KNOW!!!

 

FINALLY you can get what you are worth!!!

 

Short sales are can take dozens of hours to complete and some banks finally are…

Continue

Short Sales - 8 years in, first time I have had this happen!!!

Posted on July 7, 2013 at 4:54pm 4 Comments

We have been helping agents all over the country process their short sales and THIS IS A NEW SITUATION:

 

We were working with a smaller bank and THEY ACTUALLY ASKED US TO HELP THEM WRITE THEIR APPROVAL LETTER!!!

Yep, first short sale the bank had ever done.

 

They asked us what documents they needed to see, and, asked us to send them a copy of an approval letter from another bank so they could see what it looked like.  The short sale was quickly approved…

Continue

Comment Wall (2 comments)

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At 2:54pm on October 9, 2012, Francine Williams said…

Hello Ben:

Do you do short sales for Maryland and If so May I get your short sale package?

 

Thanks,

Francine Williams

 

At 10:54am on May 31, 2012, TC Cooksley said…

Ben,

I've followed this post of yours  & had to share... I will not name Lender names, however, I have a lender that held both the 1st & 2nd on a home.  I received a short sale offer of $170,000 with a BPO of $212,000.  The contract was denied.  45 days later offer of $200,000, BPO now $230,000!  The 1st says as there is enough to pay off their lien they do not consider it a short sale.  I proceed with the 2nd & the Trustee.  Initially, the 2nd turned down the $200,000 due to the BPO.  (mind you this home has gone thru Bankruptcy as well!)  The Bankruptcy Dept. calls the 2nd, the 2nd accepts the Contract price of $200,000.  The Trustee sends pay-offs, we close.  A week later the 1st wants another BPO.

I called the 1st.  They didn't know the house was sold even though they were paid in full.  It maybe you need to go through customer service to get to another dept. to get a different answer.  That's how I got around the 1st lender dept that was just sitting on my short sale.

Good luck!

 
 
 


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