Does anyone know if it is normal that the principle lender would speak to the holder of the second prior to issuing their short sale approval with the payout demands? I don't believe they do but…Continue
"Hi DianneThe serviced Suntrust accidentally sent me an email which identified the
B of A investor. The investor hunk up when he knew who I was and I got a
nasty call from Suntrust but the. Ext we had approval to I would do it again if I could "
"Been trying to do one for the past year. The only time I got a quick response was when I contacted the investor (bank of america) directly. Suntrust is the servicer. My trouble is the second which is with Chased and they already charged of the…"
"I think if you did the training to do shortsales and you take a listing on a shortsale you should do the whole deal and demand a commission that is adequate. Dont make it difficult and get into grey areas trying to charge someone extra fees."
"Buyers are usually willing to pass on homes when they learn that the selling agent is charging extra for negotiation or not doing the negotiation. They also usually understand when they learn that buyers agent is not getting a fair tshare of the…"
"There is no negotiator fees if you do it yourself. I have seen listing agents instruct buying agents to request closing costs with the buyer understanding that a portion would be used to pay negotiation fees. You can also ask a higher commission…"
"I personally think it is unethical to charge extra, its part of your job if you want to do shortsales. If you are not competant enough to do it yourself then the expense should come from your commission as listing agent. A listing agent doesnt…"
"On the short sales I have done the principle has always spoken to the 2nd lien to let them know what they will pay them. I have had the 2nd refuse or have made the owner sign a paper saying they will pay back the rest of the loan on a 2nd home. In…"
"I am an investor. Spoke w/SLS re a deed in leiu. They are sending me the paperwork. Have a HELOC w/Regions. SLS informed me to negotiate w/Regions and provide them w/the payoff agreement and they would do the DIL. Would think it would be the…"
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Lake Elsinore, Perris, Menifee, Canyon Lake, Moreno Valley, Wildomar, French Valley, Winchester, Murrieta, Temecula (all in Riverside County, Southern California)
Short Sale Designations and/or Special Training
SFR (Short Sales and Foreclosures Resource)
Short Sale Transactions Completed
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?
About Me/Profile of yourself: - Please add your Brokerage Company name also!
ePRO and SFR certified
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June 30, 2010
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