"Laura Summers. She is the point person for initiating new short sales. Lsummer@GMACM.com - Her direct number is
214-874-6396; her direct fax is 866-502-4660. She mightt be able to help I just got her name and number and have gotten…"
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Bank requires name, loan# and property address on every piece of paper
Started this discussion. Last reply by Steven M. Charles Nov 30, 2010. 15 Replies 0 Likes
Is there a special program used to do this easily or do you have to hand write name loan# and property address on every piece of paper? Please advise. Thanks!
Kathy Wegwert's Page
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Latest Activity
Karen M Riscinto replied to Kathy Wegwert's discussion GMAC Mortgage Short Sale Escalation in the group GMAC Short Sales
Kathy Wegwert replied to Mike Linkenauger's discussion Bank of America now allows initiation of short sale process without an offer! in the group Bank of America Short Sales"I got this email and I believe this is positive for BOA. I am about to complete my first HAFA BOA short sale and BOA did a good job of giving me the listing price and it sold for full price. Things are good in Naples, FL"
Kathy Wegwert replied to Mike Linkenauger's discussion Poll Results - Best and Worse Lenders to Work Short Sales With"I cannot believe that BOA ranked #1. Yes, they have definitely improved over the last 2 years GOLD star yes, however we have room for improvement. I think we can all agree that each short sale is different/unique and it depends on …"
leslie schultz warthman replied to Kathy Wegwert's discussion GMAC Mortgage Short Sale Escalation in the group GMAC Short Sales"Please forward current negotiator names/emails to me too...I need responses and a call back would be nice! I'm not able to wait and can't figure out why there is such a delay in these responses? Does anyone have reliable contacts? I.e.,…"
Steven M. Charles replied to Kathy Wegwert's discussion Bank requires name, loan# and property address on every piece of paper"You can use my companies service, We produce the complete short sale package(You supply the documents) including loan#/client name/lender watermark on every page a cover page with summary and a current AVM(Automated value model) of the subject…"
Kathy Wegwert commented on Mike Linkenauger's group GMAC Short Sales"I am working with GMAC as a second lien holder and GMAC is requesting 10% of the loan balance and the first lien holder is PHH and will only agree to pay 6%, Fannie Mae guidelines. GMAC is not budging and calling PHH's bluff. They want 10% or…"
Kathy Wegwert replied to Mike Linkenauger's discussion Need Listings? Check our GUARANTEED LISTINGS PROGRAM!"Guaranteed Listing Program? This is how much? $295/year. Do you request by zip code or by city? Any stats on how many referrals you have recieved for an area and actual listings? I am in the Naples, FL market."
Kathy Wegwert commented on Mike Linkenauger's group GMAC Short Sales"Yesterday I received an approval for a short sale GMAC.YEAH! However, GMAC is the 2nd lien holder requesting $9100 10% of the loan balance is always requested; first lien holder PHH is willing to pay only 8% to GMAC. I am hoping that one of the…"
Kathy Wegwert replied to Kathy Wegwert's discussion GMAC Escalation in the group GMAC Short Sales"Thanks Mike for your feedback.
None of those negotiator names look familiar. I called for several days talking to different people, no negotiators; even called the attorney for the bank. A cash offer was sitting on the table. Major GMAC mistake. MI…"
Mike Linkenauger replied to Kathy Wegwert's discussion GMAC Escalation in the group GMAC Short Sales"Did you say Florida State law prohibits delaying the foreclosure sale date? We have judges do it all the time, at least once a week or more, lenders do it for us all the time as well with about ANY offer. Heck, we even got the judge to REVERSE a…"
Kathy Wegwert replied to Kathy Wegwert's discussion GMAC Escalation in the group GMAC Short Sales"Update on my seller. I tried everything and my seller got foreclosed on July 14th. Final judgement was heard in April and a sale date was set. In the state of Florida something about 10 or 14 days out; state law prohibits delaying the sale date. My…"
Kathy Wegwert commented on Mike Linkenauger's group GMAC Short Sales"Hey Mike! I cannot believe that you were able to stop a bank foreclosure on the day of the sale. I am in Naples FL and I think my short sale was sold on the courthouse steps yesterday? I almost had an approval and the borrower decided to call GMAC…"
"I know they are tight on that 31%. If your client is at 35.5% DTI then that does not look positive. I just read up on the new policy Fannie as of August 1st.…"
Ellen Muzzio replied to Kathy Wegwert's discussion Bank Of America HAMP Eligibility in the group Bank of America Short Sales"We have one with BofA. It was already submitted now BofA is checking to see if they're HAMP eligible. It actually may slow the process down a little but if we find out they're not eligible at least we're IN process."
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Naples, Bonita Springs and Estero. I live in the North Naples area and feel very confident for my knowledge and expertise in this location. I have lived in Naples since 1989 I watch the real estate market daily and look for trends in Naples, Bonita Springs and Estero, FL
- Short Sale Designations and/or Special Training
- CDPE (Certified Distressed Property Expert)
- Website
- http://www.KathyWegwert.com
- 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 to Commercial..Residential Expertise only.
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Keller Williams Elite Realty I'm passionate about helping people who may owe more on their home right now than it's worth by showing them the many options available and ways that they might be able to avoid foreclosure.
I bring value to my client in that I first consult to find out exactly what my client is trying to accomplish and lead them through the process of clarifing their goals so that decisons come easily.
- Put in todays date! This is to help stop spammers!
- June 30, 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!
- I AGREE
Comment Wall (2 comments)
- At 11:08am on March 15, 2010,
JP Ott said… - Happy birthday from all of us here at the Short Sale Specialist Network!
- At 10:11am on March 15, 2010, Mike Linkenauger said…
- Happy Birthday Kathy!
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Does anyone have any short sale experience with Ocwen Bank?
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Can the seller pay additional commission?
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