Short Sale Symposium at Sea 2012
This group will serve as a general discussion board for the upcoming Short Sale Symposium at Sea Conference. We will periodically post updates to this group as they become available.See More
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Jonathan Katz replied to Smitty's discussion Two HUDS in the group Short Sale Q and A"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…"
Jonathan Katz replied to Smitty's discussion Two HUDS in the group Short Sale Q and A"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…"
Jonathan Katz commented on Carlos Aguilar's group Las Vegas Short sale news group"Hahaha. ;) It's important to get out there."
Jonathan Katz commented on Carlos Aguilar's group Las Vegas Short sale news group"Paul,
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…"
Jonathan Katz replied to Azmi Alkurd's discussion FSBO and Short Sale in the group Short Sale Q and A"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."
Jonathan Katz replied to Jason Cadwell's discussion B of A & Deficiency Judgment Language in Approval in the group Bank of America Short Sales"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.
I think…"
Jonathan Katz replied to Jason Cadwell's discussion B of A & Deficiency Judgment Language in Approval in the group Bank of America Short Sales"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…"
Jonathan Katz replied to Rick Wolff, CRS, SFR, CSSG, CDPE's discussion Commission rebate to short sale BUYER in the group Short Sale Q and A"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…"
Jonathan Katz replied to Rick Wolff, CRS, SFR, CSSG, CDPE's discussion Commission rebate to short sale BUYER in the group Short Sale Q and A"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…"
Jonathan Katz replied to Rick Wolff, CRS, SFR, CSSG, CDPE's discussion Commission rebate to short sale BUYER in the group Short Sale Q and A"Terri,
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…"
Jonathan Katz replied to Rick Wolff, CRS, SFR, CSSG, CDPE's discussion Commission rebate to short sale BUYER in the group Short Sale Q and A"What bank are you dealing with? It depends on who you are dealing with but I don't think I have seen that on any approvals forbidding money going towards the buyer. Definitely a strange situation and I don't understand why it can't go…"
Jonathan Katz replied to Jason Cadwell's discussion B of A & Deficiency Judgment Language in Approval in the group Bank of America Short Sales"According to many it does not. It is always important to seek legal advice though for your particular situation. The biggest part is that you were able to get them to start working with you by removing the verbiage."
Jonathan Katz commented on Joseph C. Alfe's group Short Sale Q and A"Lisa,
I don't know what the issue is but if you have already escalated it there could be some sort of issue. If FHLMC has already given approval then it seems fishy that you haven't gotten one. Also being that you have been battling with…"
Profile Information
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- Realtor, Real Estate Broker, Mortgage Broker, Negotiator, Assistant, Investor, Home Owner, Other
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- 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
- Website
- http://www.acgnow.com
- Short Sale Transactions Completed
- 100+
- 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!
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Comment Wall (1 comment)
- At 12:55am on May 6, 2010,
Andy Morris said… - 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.
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Forum
Bank of America Short Sale Incentive Relocation Assistance
Started by TeamKane Realty in Rants and Raves. Last reply by Robin Mitchell 5 hours ago. 3 Replies 0 Likes
Are FHA loans eligible for HAFA?
Started by Cinda Rose in Rants and Raves. Last reply by Larry Hollingsworth 9 hours ago. 1 Reply 0 Likes
Supreme Course rules on Quicken Case - Fee does not violate Section 8(b) of RESPA
Started by Patti Guilford in Rants and Raves. Last reply by Fred Shocklie 12 hours ago. 2 Replies 0 Likes
What does Analysis stage mean Bank of America
Started by Craig Schneider in Rants and Raves. Last reply by Craig Schneider 12 hours ago. 9 Replies 0 Likes
Making sure your Realtor is on top of things
Started by Stephen Dotlich in Rants and Raves. Last reply by Satar Naghshineh 13 hours ago. 16 Replies 0 Likes
Bank of America changed closing date
Started by Kevin Hayes in General Discussion. Last reply by Dawn Marie Richeal 16 hours ago. 5 Replies 0 Likes
Bank of America NDS Co-op on Proactive
Started by Olesya Drozdova in Question and Answer. Last reply by Jack Dudenhoeffer 16 hours ago. 3 Replies 0 Likes
Is There A Maximum Dollar Amount That Qualifies For A Short Sale?
Started by James Ybarra in Rants and Raves. Last reply by Mike Linkenauger 17 hours ago. 4 Replies 0 Likes
Does anyone have any short sale experience with Ocwen Bank?
Started by Varnie Jules in Network Talk. Last reply by Joseph C. Alfe on Monday. 15 Replies 0 Likes
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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