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Bank of America Co-operative Short Sale Program
Started this discussion. Last reply by Marcy Moyer Aug 10, 2011. 2 Replies 0 Likes
Anyone tried it? Did it work? How were they on setting the price?Thanks!Continue
Tags: short, sale, cooperative, america, of
Marcy Moyer's Page
Latest Activity
D BUSH commented on Marcy Moyer's blog post Does The Amount A House is Underwater Matter in Menlo Park Short Sales
Marcy Moyer commented on Michael Richert, CDPE's blog post Green Tree Lending is the devil!"I had no problem when Green Tree held the first that they bought from B of A."
Rhonda Fee commented on Marcy Moyer's blog post Sunnyvale Underwater Homeowners, Open those Letter From Chase"I've seen an approval letter giving $30k to the seller. This is real!!"
Marcy Moyer posted a blog postDoes The Amount A House is Underwater Matter in Menlo Park Short Sales
As a Menlo Park Short Sale Agent I get asked this a lot. My answer is a definitive sort of, especially if it is a Chase short sale. Here is how it may make a difference.Some homeowners owe more on their homes than the home is worth, the definition of being underwater. The home is not going to sell for what it is worth, it will sell at or around market value. The bank generally understands that. The bank as representative for the investor on the loan wants to lose as little money as possible,…See More
Marcy Moyer posted a blog postSunnyvale Underwater Homeowners, Open those Letter From Chase
Many homeowners who are having trouble paying their mortgages will stop opening their mail from the lender. It is understandable to feel what is the point? I can't pay and nothing they say to me will change that. However, if your lender is Chase you may want to open that letter.Chase is giving relocation assistance to some homeowners who are in default if they agree to short sell their home. The incentives can be anywhere from $2500 to $45,000. Not everyone will get this incentive, and there is…See More
Marcy Moyer posted a blog postChase Says Keep Trying For a Redwood City Short Sale
I am helping out on a short sale in Redwood City where Chase is servicing the first and second loan. What this means is that the owner has first and second mortgages that were originally gotten from Chase. These loans were then sold to investors and Chase maintained the servicing. This means that ultimately Chase no longer makes the decision about whether or not to approve a short sale. The problem is there is also a third lender, and the third lender wants a lot of money to approve the short…See More
Steven Pawera commented on Marcy Moyer's blog post I Just Closed An Unusual Silicon Valley Wells Fargo Short Sale"The investor got very lucky here.
You might have had an unscrupulous seller who says, 'They won't accept my ggod faith effort to do the right thing? Screw them.' - and then gone down the road of sending a QWR, getting a…"
Patti Guilford commented on Marcy Moyer's blog post I Just Closed An Unusual Silicon Valley Wells Fargo Short Sale"Paying after the 15th, but before the 30th, is all it takes to be' late' even though late is considered 60 days."
Satar Naghshineh commented on Marcy Moyer's blog post I Just Closed An Unusual Silicon Valley Wells Fargo Short Sale"Fannie and Freddie can and do own conforming loans. Did you ever find out who was the investor?"
Marcy Moyer commented on Marcy Moyer's blog post I Just Closed An Unusual Silicon Valley Wells Fargo Short Sale"This was a conforming loan, not Fannie or Freddie, so it is hard for me to understand their thinking."
Satar Naghshineh commented on Marcy Moyer's blog post I Just Closed An Unusual Silicon Valley Wells Fargo Short Sale"Some investors, like Fannie Mae, have these requirements. I think the logic is to make sure that the borrower gets dinged in credit or maybe they already got paid off or who knows, maybe there are different laws or requirements for charge offs of…"
Roberta Hutchings commented on Marcy Moyer's blog post I Just Closed An Unusual Silicon Valley Wells Fargo Short Sale"Investors can make absolutely no sense at all. I had a short sale with Flagstar fail after a year. The seller had made no payments for nearly two years, at $1500 a month, Flagstar wouldn't file for foreclosure because the short sale was in…"
Marcy Moyer posted a blog postI Just Closed An Unusual Silicon Valley Wells Fargo Short Sale
I just closed a Wells Fargo Short Sale that is not typical. It was a nice 3 bedroom townhome in North San Jose, close to Santa Santa Clara. The owners were divorcing and neither could afford to buy the other one out or afford the property alone. This constitutes a hardship in most lender's minds. I have closed other Wells Fargo short sales with similar circumstances. The current owners had been able to pay the mortgage but they will not be able to in the near future because of an impending…See More
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- San Mateo County including all cities: South San Francisco, Daly City, San Bruno, Millbrae, Hillsborough, Burlingame, San Mateo, San Carlos, Belmont, Redwood City, Menlo Park
Santa clara County: Palo Alto, Mountain View, Sunnyvale, Santa clara, Cupertino, San Jose, Milpitas, gilroy, Morgan Hill
- Short Sale Designations and/or Special Training
- Equator Certified
- Website
- http://www.marcymoyer.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?
- A little: No CCIM closed about 7 million in sales
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Keller Williams Realty
16 years experience
extensive blogging on Short sales, probate and trust sales
Short sale training with Partner First (no longer a member)
short sale training with Short Sale Expediator
1 1/2 years of BPO experience
No short sales have failed yet
- Put in todays date! This is to help stop spammers!
- February 14, 2011
- 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
Marcy Moyer's Blog
Does The Amount A House is Underwater Matter in Menlo Park Short Sales
Posted on May 20, 2012 at 6:58pm 1 Comment 0 Likes
As a Menlo Park Short Sale Agent I get asked this a lot. My answer is a definitive sort of, especially if it is a Chase short sale.
Here is how it may make a difference.
Some homeowners owe more on their homes than the home is worth, the definition of being underwater. The home is not going to sell for what it is worth, it will sell at or around market value. The bank generally understands that. The bank as representative for the investor on the loan wants to lose as little…
Continue Sunnyvale Underwater Homeowners, Open those Letter From Chase
Posted on May 17, 2012 at 9:17pm 1 Comment 0 Likes
Many homeowners who are having trouble paying their mortgages will stop opening their mail from the lender. It is understandable to feel what is the point? I can't pay and nothing they say to me will change that. However, if your lender is Chase you may want to open that letter.
Chase is giving relocation assistance to some homeowners who are in default if they agree to short sell their home. The incentives can be anywhere from $2500 to $45,000. Not everyone will get this…
Continue Redwood City Short Sales Don't Look So Bad in a Low Inventory Market
Posted on May 9, 2012 at 12:34pm 0 Comments 0 Likes
The landscape for short sales is changing. As the inventory of home for sales stays at historically low levels all over Silicon Valley, short sales are gaining in popularity for buyers. Added to that is the fact that short sales while not a sure thing, are getting approved at increasingly higher rates.
Short sales can still be time consuming and frustrating, but when there are so few choices for buyers they begin to look better. So if you are thinking of selling your…
Continue Chase Approves Another San Jose Short Sale
Posted on May 8, 2012 at 2:00pm 0 Comments 1 Like
Just got approval on another short sale in San Jose with Chase. They are getting to be one of my favorites!
This was not straight forward. Client lost his job and was not able to make payments. He tried a loan mod but did not qualify due to having too much in retirement account. Client is close to retiring.
Put condo on market and got 13 offers. The San Jose inventory for small affordable condos is…
ContinueComment Wall (1 comment)
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Forum
Bank of America Short Sale Incentive Relocation Assistance
Started by TeamKane Realty in Rants and Raves. Last reply by Robin Mitchell 5 hours ago. 3 Replies 0 Likes
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 13 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 17 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 18 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
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