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Mark Smith CDPE SFR's Groups
Mark Smith CDPE SFR's Discussions
Litton Loan Servicing going extinct?
Started this discussion. Last reply by Candy Jimenez Sep 6, 2011. 7 Replies 0 Likes
I just got off the phone with one of the execs at Litton Loan and was told at the end of business today Aug. 31 all their files are being moved to Ocwen. Might be a good time to check on all your…Continue
Need help with Ocwen cutting commissions
Started this discussion. Last reply by Amber Fleming Dec 16, 2010. 4 Replies 0 Likes
Ocwen now states in their short sale package requirements that they limit commissions to 4%. Is there a way around this? My past ocwen files have been difficult and have always had to negotiate…Continue
Mark Smith CDPE SFR's Page
Latest Activity
Mark Smith CDPE SFR replied to Mary K's discussion Wells Fargo Short Sale Addendum "AS IS" QuestionDenbou 100 in the group Wells Fargo Short Sales"Why wait for the approval? If your going to do an inspection anyway, why not get it done right away? I would rather know what is wrong up front before waiting until the approval. There may be repairs needed that queer the…"
Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"No one said you have to file the lien, if they have the money just the thought of a cloud on title might help them make a good decision. Your still negotiating aren't you? Make them do the leg work to see if your owed the…"
Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"Has anyone ever paid a termination fee to you? Maybe you should threaten back with a mechanics lien."
Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"Wendy did you get your termination fee? How much is it?
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Mark Smith CDPE SFR replied to Becky Flowers's discussion Bank of America -requirements & more in the group Bank of America Short Sales"I have had that also happen with Wells Fargo just recently.
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Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"What is your fee structure Joseph?
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Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"Ken I find it is all in how an agent sets the expectation. If the selling agent "sells" the s/s house the buyer will buy. If the selling says it is a dud, they will move on. With distressed sales usually the buyer will…"
Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"No Paul that is the whole point. The extra work demands more compensation. We do are negotiations in hose and have found that the easiest way to close is reduce the BAC instead of charging the buyer 1%. I was trying to convey…"
Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"Totally understand Tara. Seems every state has their own version on how we do business. Thank goodness things are different in Texas..."
Mark Smith CDPE SFR left a comment for Jeri Groves"Yes I agree. my email is
mark@texas-short-sale.com
214-586-8685
bout to call it a night, can we talk at your convenience sometime tomorrow?"
Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"Paul,
I believe this is the gray area. The listing agreement dictates we list and market the property. A separate entity (owned by you) can certainly charge for facilitating the short sale. Who said anything about "writing…"
Jeri Groves left a comment for Mark Smith CDPE SFR"I had my lawyer draw up a short sale service fee agreement. It's disclosed to the Sellers at the time of the listing, and included with all the disclosures I send to Buyers and in the short sale offer instructions I send to any…"
Mark Smith CDPE SFR replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"I have had that happen several times Amy. It is always kinda funny when the buyer says "why didn't our agent show us this one? I really fits our needs the best and the price is great."
Go REALTOR.com"
Profile Information
- Occupation
- Real Estate Broker, Investor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Dallas, Collin, Tarrant, Denton counties
- Short Sale Designations and/or Special Training
- SFR (Short Sales and Foreclosures Resource), CDPE (Certified Distressed Property Expert), CSP (Certified Short Sale Professional), Harris University Training (Of Some Kind), CSSS (Certified Short Sale Specialist), Equator Certified, HRC (Home Retention Consultant)
- Website
- http://www.texas-short-sale.com
- Short Sale Transactions Completed
- 10-25
- 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
- Put in todays date! This is to help stop spammers!
- August 11, 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 12:23am on February 17, 2012, Jeri Groves said…
I had my lawyer draw up a short sale service fee agreement. It's disclosed to the Sellers at the time of the listing, and included with all the disclosures I send to Buyers and in the short sale offer instructions I send to any agents looking at my listings. Is there a way to communicate off-line? I'd be happy to share it. It's specific to Colorado, but I truly think it's the best way to get PAID for what we do. I have, literally, thousands invested in training and I get the job done. Why shouldn't I get paid?
- At 1:54pm on September 17, 2010, Mike Linkenauger gave Mark Smith CDPE SFR a gift…
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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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