"The Hud-1s we've submitted thus far on completed short sales, we've shown the taxes as a charge against the lender."
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Why am I getting a recent flurry of reruns?
Started this discussion. Last reply by Mike Linkenauger Jan 19. 1 Reply 0 Likes
Beginning about a week ago I started getting several past comments (several months old) regarding the benefits of 3rd party negotiators vs. doing it in house. Does my upcoming renewal date have a…Continue
WHAT ABOUT ATTORNEYS ABRAHAM & SWEENEY IN FL
Started this discussion. Last reply by Maria Kletchka Feb 28. 11 Replies 0 Likes
Recently listed an upsclale ($975,000) short sale in the Chicago suburb area and not long afterward was approached by rep from Abraham & Sweeney, a small Florida law firm. The requests was for…Continue
John E. Bonnett's Page
Latest Activity
John E. Bonnett replied to Carmen Chavez's discussion how many times can you apply for a HAFA short sale approval when buyers bail out? in the group HAFA Short Sale Program"Don't worry about renewing HAFA, you have 120 days to sell the property and then you may request an extension, which aren't easily granted unless you have a viable offer on the the nearby horizon. If an offer is an and the lender has…"
Maria Kletchka replied to John E. Bonnett's discussion WHAT ABOUT ATTORNEYS ABRAHAM & SWEENEY IN FL"Hello John,
I have had nothing but a horrible experience with Abraham and Sweeney. I have recently come to believe they outsource their short sale negotiations to India. The incompetence of their staff is staggering and I believe…"
John E. Bonnett commented on Mike Linkenauger's group Wells Fargo Short Sales"PROBLEM: Traditional short sale with Wells, going nowhere because BPO is too high (owner allowed without agent's presence with accurate comps). I was called in to help the agent and find the owner actually qualifies for HAFA. I've…"
Mike Linkenauger replied to John E. Bonnett's discussion Why am I getting a recent flurry of reruns?"For some reason people just started answering that question again. Someone just bought back to life a VERY old discussion. I think the overwhelming consensus on that post seems to be the vast majority of agents on this site do their own…"
John E. Bonnett posted a discussionWhy am I getting a recent flurry of reruns?
Beginning about a week ago I started getting several past comments (several months old) regarding the benefits of 3rd party negotiators vs. doing it in house. Does my upcoming renewal date have a bearing?Was a consensus ever reached on the subject?Thanks,John BonnettSee More
John E. Bonnett replied to Becky Flowers's discussion New HAFA directive effective August 9th - in the group HAFA Short Sale Program"Thanks very much for the updated info regarding the new HAFA Directive. I just closed a HAFA case, but now face a tough challenge. A local Federal Savings Bank is refusing to do anything with my latest short sale client until…"
John E. Bonnett replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"The more I listen to your argument in favor of a qualified negotiator as a part of the short sale team, the more interested I am becoming in investigating the availability of such team members in my NW Chicago suburbs. Can you offer any…"
John E. Bonnett replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"Joseph, your comments and those of some of your peers lead me to believe I should rethink my position toward negotiators. I was soured recently by one who sent a critical document to the wrong lender, causing much confusion and delays.…"
John E. Bonnett replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"I'm sure your arrogance is justified. Being a newcomer to the group, I've not had the pleasure of meeting you and knowing your position or credentials. Would you mind introducing yourself? Thanks."
John E. Bonnett replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"Send me a copy of the check you get. You're probably better than what I've encountered in my limited experience."
John E. Bonnett replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"Actually it was on the verge of being a tear-down owned by a single parent (female) who owed twice what it was worth. It sold for $73,000 which left Chase with little more than $40,000, the slimmest ratio I've ever seen. Earlier, I…"
John E. Bonnett replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"The attached would not be possible if we went through a third party negotiator."
John E. Bonnett replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"I prefer to do my own negotiating, greater control and faster."
Joseph C. Alfe replied to John E. Bonnett's discussion WHAT ABOUT ATTORNEYS ABRAHAM & SWEENEY IN FL"deeding a distressed property is so illegal in many states, including IL."
Terri Barrow replied to John E. Bonnett's discussion WHAT ABOUT ATTORNEYS ABRAHAM & SWEENEY IN FL"I worked for a Title Company in Clearwater Florida that closed many files.....(flips) with Abraham & Sweeney. A&S would have seller deed property to them and then work with lender to short sale the property. We would…"
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Lake, North Cook, Du Page, Mc Henry, Will and Kane Counties.
Arlington Heights, Algonquin, Barrington area, Palatine, Schaumburg, Lake Zurich, Buffalo Grove, Wheeling, Cary, Itasca, St. Charles, Geneva, Dundee, Glen Ellyn, Wheaton and Naperville.
- Short Sale Designations and/or Special Training
- CDPE (Certified Distressed Property Expert)
- Short Sale Transactions Completed
- 5-10
- 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?
- No
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- After graduating from Iowa State University, then attending the Harvard Business School, I managed a family grain company for a 9 years. Following that, I become a full member of the Chicago Board of Trade and served the hedging (risk management) needs of large grain firms for 15 years. After the deregulation of the CBOT I started and operated my own investment advisory firm for the next 16 years. As a hobby I raced cars and instructed other drivers for 26 years (holding the track record for my class at Road Atlanta when I was 52).
Frankly, real estate is new to me (3 years), but HAFA has become my hobby and I have successfully negotiated a case from start to finish, through the SSA, the RASS and the final sale. I'm now on my second case and the BPO visited us today so the SSA should be forthcoming soon.
My wife is a Mortgage Loan officer with US Bank (Geneva, IL) and I am associated with Baird & Warner at the Barrington, IL office. In my 'retirement' I enjoy new challenges and pride myself a go-to computer person. As I become more involved with short sales I plan to subscribe to the "Short Sale Commander" software package (unless you have a better suggestion) to keep all parties apprised of my progress with the several short sale cases I expect to garner from my extensive sphere of influence.
My wife and I are very active in our local church and several other civic organizations.
Thank you for the opportunity to relate to others who are dedicated to saving distressed homeowners from the negatives of foreclosure.
- Put in todays date! This is to help stop spammers!
- November 11, 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!
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Comment Wall (1 comment)
- At 2:40pm on November 19, 2010, Mike Linkenauger gave John E. Bonnett a gift…
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Forum
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Can the seller pay additional commission?
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