"Joy is absolutely correct. Also buried in that Deed of Trust is language allowing the lender to protect the property - aka board it up, secure it, insure it, etc."
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Gloria Oquendo's Groups
Gloria Oquendo's Discussions
The Banks Are Not Taking the Appraisal's Report Value
Started this discussion. Last reply by Devaykanan Rishudeo Apr 7, 2011. 27 Replies 0 Likes
I have been negotiating with a Bank a Foreclosure property and the buyer sent the appraisal in order to get the loan and the appraisal came up for 60k less than the sells price and i submitted the…Continue
Short sale approval letters from the Banks
Started this discussion. Last reply by Tim Sweeney Aug 27, 2010. 7 Replies 0 Likes
I think the banks have to start thinking about their Short Sale Departmets.In the real estate market ther is a rule that says " the first offer, allways is the best one" They take long time to…Continue
Gloria Oquendo's Page
Latest Activity
Joy Baker replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"And, I'm sure it's one that will come in handy on a regular basis.
"
Steven Pawera replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"Well I guess this will be a good day after all: I learned a new word!
And prior to looking it up, I really thought you were making this one up. :)"
Joy Baker replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"What kind of misleading heap of garbage are they teaching out there?
With regard to Equator and Rejections for the oh so enlightening reason of "Other". I had an issue a while back where my third party authorization kept getting…"
Steven Pawera replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"I actually said years ago all the intricacies of real estate would make a good version of trivial pursuit. Little did I know the game exists: it's called the license exam. :)
Actually I'm going through my 45 hour renewal now…"
Joy Baker replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"Thank you. I'll take FHFA and Bulk REO Sales for 400, please....:)"
Steven Pawera replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"We have a Winner! Joy has the right answer and that puts her on the board with 200 points!
Actually if you look at the docs, many are actually called 'Deed and Trust and Assignment of Rents'. You default, they have the right to…"
Craig Bartels replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"This is indeed valid. All of my commercial buildings(commercial notes) I own has a clause that states they can ask a judge for a receivership if I am behind in payments. The receiver then takes over collecting rents and dispersing of funds for…"
Joy Baker replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"The 1 to 4 Family or Multi Family Rider that is part of many mortgage documents includes an agreement which states that, in the event of nonpayment, the mortgagee (the bank) has a right to collect rental receipts to make up for the defaulted…"
Angela Alfe replied to Gloria Oquendo's discussion Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet! in the group Bank of America Short Sales"Do they want to collect rent? Or are they asking the seller if they are getting rent and if so not paying the mortgage? Need more info."
Gloria Oquendo added a discussion to the group Bank of America Short Sales
Bank Want to Collect the Rent on a Building that it is not Foreclosure Yet!
Why the bank wants to collect the rent on a building that it is not foreclosure yet and the owner is only 3 months past due? As much i know, the banks cannot collect any rent of any apartment until they take a position of the property. Some one has any idea?See More
Gloria Oquendo replied to Scott Lee's discussion My seller gets a $15,000 bill from B of A after short sale!!!!"Yes, some times their systems don't work or just the people who are working for them don't know how or what to do. It happened to one of my client too and she filled bankruptcy and still the bank had open her filed and continued calling…"
Gloria Oquendo replied to Scott Lee's discussion My seller gets a $15,000 bill from B of A after short sale!!!!"How it happened? That is awesome."
Gloria Oquendo commented on Mike Linkenauger's group Bank of America Short Sales"Unfortunately BOA has a different departments who are working with and it is depend of the type of loan, you can call at costumer service or initiate a chat on equator system, they will help you right away."
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Passaic, Bergen and Morris county. passaic, paterson, clifton, totowa, haledon, north haledon, hawthorne, wayne, garfield, lodi, hackensack, elmwood park, prospect park, fair lawn, dover, morris town
- Short Sale Designations and/or Special Training
- SFR (Short Sales and Foreclosures Resource)
- Short Sale Transactions Completed
- 10-25
- 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?
- Not really
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Am a Realtor in Paterson NJ, l have been license since 2004 and l am working with C21 Casa Real Properties in Paterson with the same broker since that. l am a short sale specialist in my office and most of my deals are short sales. l receive referrals every day and it is so grateful to help people who really need it and have a good end.
- Put in todays date! This is to help stop spammers!
- April 29, 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!
- l agree
Gloria Oquendo's Blog
Don't sale my property
Posted on May 31, 2011 at 4:25pm 6 Comments 0 Likes
It is so sad when the clients come to you, looking for help and when you postponed the sale for long time, advertised their property, negotiated with the bank to accept a short sale on it and finally find a buyer! they tell you "Don't sale my property" I am not making any money in the sale, I already damaged my credit why I gonna sell it? just let the sheriff sell the property and give back to the bank. I will live for free; for a few more months and collect the rent until that.
What…
ContinueComment Wall (1 comment)
- At 1:45pm on February 04, 2011, Mike Linkenauger gave Gloria Oquendo a gift…
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Started by Olesya Drozdova in Question and Answer. Last reply by Jack Dudenhoeffer 16 hours ago. 3 Replies 0 Likes
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Does anyone have any short sale experience with Ocwen Bank?
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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
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