I have been thinking about adding Short Sale Lead Finder to my business to have another source for getting business.I am not sure if they are legit though and since I have been burned by this sort of…Continue
This is important for those who work on short sales for months on end to get that golden ticket known as the approval letter.I have heard from Fannie and Freddie, BofA and now Seterus that they will…Continue
I have a short sale right now that is being bought by 2 investors. They have asked for so many crazy things but we have complied through the whole thing. We have completed all negotiations and…Continue
Judi Fiolle has not received any gifts yet
I just had to share what happened to me with this short sale.
It took me 6 weeks to get the 3rd party Authorization through with CITI Financial. I had to refax it in over and over and so did the seller. We finally got them to accept it after I sat with the seller and we both called them together to get them to talk to me.
After I finally got the authorization, I was told for a week that the file was in litigation and they could give me no information.
Well, I figured…Continue
We submitted a short sale package back in Nov. IT was at market value for the property at that time at $150,000. They countered at $185,000 ( yes it is a Fannie Mae loan). We spent the entire day fighting about that value and they came down to $170,000.
We raised our offer to $156,000 and after a month, they declined the offer. We then disputed the value by having a new BPO completed by a 3rd party, arms length company.
We resubmitted the new BPO and offer at $156,000 and it…Continue
Well, I just sat in on the Fannie Mae webinar where they explained how they are doing short sales. I was struck by the fact that they insist that 1. we leave all short sales as "active" on the MLS even when our MLS service insists that we use things like"pending ss approval". They said they would consider it fraud if we do not keep these as "active".
2. They explained how they come up with their value and if you break through the garbage that they said, it is exactly what we have all…Continue
Here is the information that I received on the ss lease back program. I will be attending this convention in March and will post what I learn at that time.For now:
Short Sale Lease Back
The Short Sale Lease-Back Program is expanding in California.
Nearly 40 California real estate agents from around the state completed the required training…