Does anyone have experience negotiating with second lienholder where investor is SDIC? We have cleared three major liens and 1st SSA HAFA signoff but SDIC is holding for 15% on debt which is not…Continue
Does anyone have experience negotiating with second lienholder where investor is SDIC? We have cleared three major liens and 1st SSA HAFA signoff but SDIC is holding for 15% on debt which is not possible. Have you found them reasonable or unreasonable to deal with. Servicer is old FASLO.See More
"I received an SSA from IndyMac/One West with a preapproved net to the bank, not an approved selling price. SSA stated reasonable and customary closing costs could not exceed 3%. We did the termite report and found $3,300 of damage. We…"
"Anyone have experience at working with the Recovery Department? Just had a Chase HELOC written off because the 2nd department rushed the approval ahead of the Chase first then only gave us 30 days to get 1st approval. Naturally, this…"
"You don't have to pay Equator to use the system. That is free. You are paying to have a profile for asset managers to find you and give BPO's and REO business (which won't come to you just be having a profile!) You can call customer…"
"I have not had an Ocwen short sale, but am in the process of completing an equity sale that was facing foreclosure with Ocwen. They gave us a postponement of sale. When I checked the rescheduled sale date...it was two weeks before our scheduled…"
"The seller and buyer will be required to sign an "Arms Length Transactions Affidavit." They cannot be related. The definition of "related" differs among lenders but a mother/daughter is definitely out. Some lenders are even not…"
"I use a form now with my offers to collect this information from the buyer upfront. That way there are no delays in submitting and no conflicts with a buyer not wanting to provide this. If he wants the house, he supplies it at time of offer, just…"
"The number that Laura Baron posted is valid. I just contacted the executive offices and they were very responsive in opening a case against a closed file that the negotiator never should had closed. The negotiator refused to speak with me and…"
"Has anyone had success getting their file escalated to a supervisor? I worked with a negotiator for three months on a file only to be told the borrower had to be late before they would settle. She told me she would hold the file and to call back.…"
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Southern California - Ventura County and West Los Angeles County - Thousand Oaks, Westlake Village, Agoura Hills, Newbury Park, Moorpark, Simi Valley, Woodland Hills, West Hills, Encino, Tarzana, Sherman Oaks, Chatsworth, Northridge and Granada Hills
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!
Over 25 years of real estate and mortgage lending experience in Southern California. Experienced in short sale negotiations through the last two real estate recession periods of the early 90's and most recent.
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March 24, 2011
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