"to Ellen Muzzio- for any bank requiring payoff amounts from other liens, that information can be found on the preliminary report generated from the title company. All lien balances are shown on the report."
"That's a tough one Phil. If the Chase loan was a cash-out refi they have the right for recourse after the foreclosure. The only thing you can do is keep throwing scenario's out to the banks and hope you can find one that makes…"
"Plus, how would Wells Fargo know if the person submitting the offer is the renter? That isn't disclosed anywhere. They are not a friend, neighbor or family member and they are not in a business relationship to somehow have the home go back to…"
"Also, I forgot to say, yes, the owner of the property has the right to receive all rent because legally the property is still theirs. Just like owners can receive rent up until the trustee sale date of a foreclosure. The legal owner has the…"
"I would love to share my recent experience in this matter. I represent the buyers in a purchase of a Wells Fargo short sale. We asked for 3% of the purchase price ($12,600) and were approved. I have an approval letter in writing…"
"That is no where near the sweet heart deal brokered to One West Bank formerly loans of Imdy Mac. They insured to 80% of the difference between loan amount and sold amount, even though they bought the loans for 30 cents on the dollar."
The first thing is, is the loan fannie or freddie, if it is not either of these then it's a moot point. Sadly this is where the 2nd lien has some say. Their threat is they will not authorize the short sale. Be glad it is 5% and not 4%,…"
"If you have a security clearance of any kind, being military or police investigations, that will be compromised if you foreclose. So for some people who have these clearances it is a major issue. Also credit it substantially less impacted with a…"
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Napa, Solano, Contra Costa and Alameda Counties
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?
About Me/Profile of yourself: - Please add your Brokerage Company name also!
RE/MAX Gold Standard was opened by me for the concern of people with mortgages that became a burden they will never rid themselves of. Switching from and REO agent to Short Sales because I no longer wanted to kick people out of their homes, but help them sell the property in a dignified way.
Put in todays date! This is to help stop spammers!
August 19, 2010
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