Ken Morin
  • Male
  • Murrieta, CA
  • United States
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  • Dianne Rastelli
  • John Taylor MBA,CSP,HRC

Ken Morin's Discussions

Multiple lenders on Short Sale

Started this discussion. Last reply by Ken Morin Jul 6, 2010. 4 Replies

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

Tags: lenders, multiple

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Latest Activity

Dianne Rastelli left a comment for Ken Morin
"Thanks, Ken."
Jun 8, 2012
Ken Morin left a comment for Dianne Rastelli
"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 "
Jun 8, 2012
Ken Morin and Dianne Rastelli are now friends
Jun 8, 2012
Ken Morin replied to Sara Pichelmann's discussion Suntrust in the group SunTrust
"I contacted the investor (Bank of America) directly.  I got hung up on then a nasty call from suntrust but it miraculously got approval the next day."
Feb 27, 2012
Ken Morin replied to Maggie Hood's discussion Sun Trust "single point of contact" in the group SunTrust
"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…"
Feb 27, 2012
Ken Morin replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees
"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."
Feb 17, 2012
Ken Morin replied to Paul Antonelli's discussion How are agents charging for their short sale processing 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…"
Feb 17, 2012
Ken Morin replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees
"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…"
Feb 16, 2012
Ken Morin replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees
"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…"
Feb 16, 2012
Ken Morin joined Mike Linkenauger's group
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SunTrust

Group for discussing short sales with Suntrust and strategies for getting mortgage short sales approved in a timely manor
Aug 27, 2010
Ken Morin replied to Sara Garabedian DRE# 00931842's discussion citit short sale package in the group Citi
"your website is not functional."
Jul 17, 2010
Ken Morin joined Mike Linkenauger's group
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Citi

A group to discuss Short Sale programs with CITI Mortgage Company offer short sale help and strategies.
Jul 17, 2010
Ken Morin replied to Ken Morin's discussion Multiple lenders on Short Sale
"Thanks for the replies everyone. It's always good to get other perspectives."
Jul 6, 2010
Jan Justice replied to Ken Morin's discussion Multiple lenders on Short Sale
"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…"
Jul 5, 2010
Van replied to Ken Morin's discussion Multiple lenders on Short Sale
"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…"
Jul 1, 2010
Ken Morin updated their profile
Jul 1, 2010

Profile Information

Occupation
Realtor
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
0-5
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
About Me/Profile of yourself: - Please add your Brokerage Company name also!
ePRO and SFR certified
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!
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At 4:46pm on June 8, 2012, Dianne Rastelli said…

Thanks, Ken.

At 11:32am on June 3, 2010, Steele V. Propp said…
Happy Birthday a day early!
 
 
 

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