"Aldo, that is exactly why the "HUD Counselors" that give "advice" are such a joke. They generally don't have any experience on their own to draw from. People need a professional involved; People can represent themselves in…"
"Again, They will ALWAYS ask for a COMPLETE HUD. How to they that their net isn't being reduced because of a ton of junk fees. I mean that is only one of millions of possible reasons why they would need to see a HUD. This is short sales 101. Now…"
"I don't know who thought of this but they don't do many short sales (or any). How are you going to give a lender a HUD (which they need) that doesn't show one of the mortgages. That just doesn't make sense just on basic…"
I totally took a double take when I saw your name pop up. Though I have a great filing system ( Office 2010 "Rules") I still see ever email that goes by.
Glad to see you on here. I totally agree with your comments about the amount…"
"Bank generally will not review your offer if it's for sale by owner. If you are the owner or associated with the owner (mostly immediate family) many times they will not want to see you profit from it."
"Everything is on your credit for 7-10 years. I agree that you still have risk. The one thing is I don't see what you are signing over at BOA. In fact there is only one place you sign and that is on your waiver of the Insurance Premium.
"As to many attorney's the absence of it not being there is not necessarily a waiver. Also, the non-deficiency state type stuff have to do with foreclosure if you are dealing with a short sales the same rules do not apply.
Take care and your…"
"Every situation is different so without actually being a part of yours the one thing that I would like to note is that the First mortgage can not legally tell the Second mortgage how they are going to settle their debt. If you don't get a lien…"
"Agreed. I noted in my first post just in passing that what I was saying was merely from the bank's perspective and not law. I said local but it is really federal. Great post! By the way I may have a listing coming up in Illinois (right now it…"
That is right on point. I wanted to know who the lender was. It is like our short sale processing fee. In most cases it can come from the buyer's awarded closing costs but some lenders (like IndyMac) specifically note that it can not be…"
Realtor, Real Estate Broker, Mortgage Broker, Negotiator, Assistant, Investor, Home Owner, Other
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Absolute Consultant Group offers Short Sale and Loan Modification Services in Woodland Hills, California. Los Angeles, California. Beverly Hills, California. Negotiating short sales nationwide including: San Diego, California. Miami, Florida. Phoenix, Arizona. Las Vegas, Nevada. New York, New York. Santa Monica, California.. Thousand Oaks, California. Agoura Hills, California. Sherman Oaks, California. Studio City, California. Encino, California. Tarzana, California. Malibu, California. Beverly Hills, California. San Francisco, California. Reno, Nevada. Tampa, Florida. San Jose, California. Oxnard, California. Culver City, California. Seattle, Washington. Philadelphia. New Jersey. California | Las Vegas, Nevada - Reno, Nevada | Miami, Florida - Orlando, Florida | San Diego, California | San Francisco, California | New York | Agoura Hills, California | Arcadia | Artesia | Orange County| Azusa | Baldwin Park | Diamond Bar | Lancaster | Rolling Hills Estates | Downey | Lawndale | Rosemead | Long Beach | Los Angeles, California | El Segundo | San Fernando | Gardena | Lynwood | San Gabriel | Lynwood | San Marino | Glendale | Malibu | Glendora | Manhattan Beach | Santa Monica, California | Hawthorne | Beverly Hills, California | Monrovia | South Gate | Monterey Park | Hidden Hills | Huntington Park | Calabasas, California | Cerritos | Claremont | Inglewood | West Covina | Pomona | West Hollywood | Covina | Compton | Culver City | Redondo Beach | Dallas | Miami | Austin | Riverside | Ontario | Rancho Cucamonga | Moreno Valley | Chino | Diamond Bar | Yorba Linda | Perris | Hemet | Redlands | Banning | Norco | La Habra | Mira Loma | Palm Springs | Mission Viejo | Ontario | Fontana | Fresno | Modesto | Stockton | Seattle | Portland | Eugene | Sacramento | West Hills | Chatsworth | Simi Valley | Thousand Oaks | Detriot | Phoenix, Arizona | Glendale | Tucson | Brentwood / Bel Aire | Studio City | Burbank | San Fernando Valley | Reno | Oakland | Santa Barbara
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Jonathan Katz started in the Loss Mitigation industry in early 2000's. He worked for the one of the largest loan servicers in the US in their loss mitigation/foreclosure department. Through a work flow of 600 cases a month and several years of experience he created an organization in 2005 dedicated to helping homeowners. Now he is taking the next step and putting out the information that even professionals will benefit from.
Put in todays date! This is to help stop spammers!
April 28, 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!
Comment Wall (1 comment)
You need to be a member of Short Sale Specialist Network to add comments!
you mentioned that you had a liason at bank of america. is this someone you can just let me contact or how does this work... i am trying to get this defficiency langauge removed and want to approach this the right way.. i also don't want the mitigator to get pissed and pull the plug on the currently acceptance letter.
Always seek legal advice and representation in legal and tax related matters. The Short Sale Specialist Network and LinkUp Realty assume no responsibility for the content of this website. The opinions, views and information should never be taken as legal advice. Keep in mind that this is an open forum website for anyone to join. The owners of this website do not directly offer short sale assistance on this site, nor do we guarantee or offer any type of screening prior to joining this website. Real estate agents posting on this forum do so at their leisure, and are not regulated by the site owner. Sawgrass Homes for Sale. Nocatee Homes for Sale.