"escalate the file. all of my files have been approved in less then 60 days, not sure what's going on."
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Jose Hernandez's Discussions
Can the seller pay additional commission?
Started this discussion. Last reply by Satar Naghshineh on Sunday. 63 Replies 0 Likes
Would the bank allow the Seller to pay additional commission on top of what the bank is already paying? Some price points are very low and makes no sense working on this deals, but the homeowner…Continue
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Latest Activity
Jose Hernandez replied to Marlene Ritzman's discussion Advise for FHA short sales through BofA?? in the group Bank of America Short SalesJose Hernandez replied to Marlene Ritzman's discussion Advise for FHA short sales through BofA?? in the group Bank of America Short Sales"I'm getting them approved in about 45days...You want to get them approved before you list them, through their FHA program. DO NOT process FHA loans through Equator, they will go no where but foreclosure."
Satar Naghshineh replied to Jose Hernandez's discussion Can the seller pay additional commission?"Seller and/or buyer can contribute to commissions. It doesn't even have to be on the HUD. A buyer broker agreement for services performed is all needed.
You basically have 3 ways to do this:
1. have seller pay your brokerage directly
2. lower…"
Jose Hernandez replied to Chris Sanders's discussion Wells Fargo Short Sale Nightmare in the group Wells Fargo Short Sales"Hi Chris,
Unfortunately agents like the one representing you are giving the rest of us a bad rep. Have your agent show you proof of the properties he/she was able to close as short sales, if the experience is not what you were expecting then…"
Jose Hernandez joined George Richter's group
Coldwell Banker
Professional Realtors working together and supporting each other to help each other and provide exceptional service.
Jose Hernandez replied to Tamilyn Simard's discussion Record Approval with Bank of America in the group Bank of America Short Sales"Nice!"
Jose Hernandez posted a status"Is there another way to stop the foreclosure sale besides begging the bank?"
Chris Vega left a comment for Jose Hernandez"Jose, Congratulations on your successful closing with Ocwen. Did you have any other liens on that transaction?"
Bryant Tutas replied to Jose Hernandez's discussion Can the seller pay additional commission?"RESPA does not apply to all real estate transactions."
Bryant Tutas replied to Jose Hernandez's discussion Can the seller pay additional commission?"Another incorrect statement. Not all short sellers have a financial hardship. In fact some have no hardship at all."
Bryant Tutas replied to Jose Hernandez's discussion Can the seller pay additional commission?"Also an incorrect statement. The commission is outlined in the listing agreement. RESPA dictates what goes on the HUD. And RESPA does not apply top all real estate transactions."
Bryant Tutas replied to Jose Hernandez's discussion Can the seller pay additional commission?"Advance fees are not on the HUD. Neither are prom notes. The seller may very well sign a prom note and pay the commission after closing."
Bryant Tutas replied to Jose Hernandez's discussion Can the seller pay additional commission?"Yes sir you are correct. I'll even take it a step further. If it's a cash deal the commission does not even need to be on the HUD since RESPA does not apply."
Profile Information
- Occupation
- Realtor, Negotiator
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Chicago-Downtown, South Loop, West Loop, Gold Coast, River North, Old Town, Lincoln Park, Lake View, Logan Square, Ravenswood, Roscoe Village, Old Irving, Jefferson Park, Portage Park, Avondale.
West Suburbs- Oak Park, Forest Park, Berwyn, River Forest.
North West Suburbs- Des Plaines, Schaumburg, Niles, Elk Grove, Norridge, Park Ridge, Morton Grove, Mount Prospect
North Suburbs- Skokie & Lincoln Wood
- Short Sale Designations and/or Special Training
- SFR (Short Sales and Foreclosures Resource), HRC (Home Retention Consultant)
- Short Sale Transactions Completed
- 25-50
- 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?
- Multifamily & Retail Lease
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Keller Williams, Gold Coast Realtors in Downtown Chicago.
Since early 2008 I started negotiating Short Sales and Loan Modifications for homeowners in financial trouble. I decided to work with this type of transactions because not only am I able to assist someone when they're facing tough times, but also protect theM from individuals trying to take advantage of their situation.
- Put in todays date! This is to help stop spammers!
- September 23, 1976
- 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!
- Jose Hernandez
Comment Wall (2 comments)
- At 10:52pm on March 6, 2012, Chris Vega said…
Jose, Congratulations on your successful closing with Ocwen. Did you have any other liens on that transaction?
- At 10:13am on September 27, 2011,
Amber Brouillet said… - Thank You for joining The Short Sale Specialist Network!
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Forum
Bank of America Short Sale Incentive Relocation Assistance
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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
© 2012 Created by Mike Linkenauger.
