"Chris, I am a foreclosure attorney for Wells (I do not foreclose on people though!!!) and a foreclosure defense and short sale expert...who negotiated the short sale?? He or she should have something from Wells…"
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Paddy Deighan, JD PhD
- Male
- Las Vegas, NV
- United States
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Latest Activity
Paddy Deighan, JD PhD replied to Chris Sanders's discussion Wells Fargo Short Sale Nightmare in the group Wells Fargo Short SalesPaddy Deighan, JD PhD replied to Tamilyn Simard's discussion WELLS FARGO DOES WHAT ON A HAFA APPROVED SHORT SALE? in the group Wells Fargo Short Sales"the problem with HAFA approvals is that the home owner is giving up some of their rights. For example, they are expressly agreeing to give a Deed in Lieu if a short sale is rejected. I have clients execute a HAFA "Opt Out" document…"
Paddy Deighan, JD PhD replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"you can initiate a short sale without an offer in hand...I do not recommend it because it can result in a lot of time with no benefit but you can do it"
Paddy Deighan, JD PhD replied to Mike Linkenauger's discussion Our Association requires ALL offers be submitted to lenders"here is the problem....many contracts have provisions that relate to the buyer's rights and options relative to back up offers,.....also, this provision can put a listing agent in harm's way...I have seen this happen MANY times....listing…"
Paddy Deighan, JD PhD replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"there are three very compelling reasons to utilize a 3rd party negotiating firm. The first is that despite what appears in this blog that David Sunlin (that is not his correct title, BTW) and Citibank stated, the lenders prefer a neutral 3rd…"
Paddy Deighan, JD PhD replied to Jesse Hammond's discussion Loan Modification"There are many issues in agents performing loan mods. In most/many states, it would unlawful to do them. States allow attorneys, mortgage brokers, certain debt advisers. Most states do not allow agents to perform loan mods and certainly…"
Paddy Deighan, JD PhD replied to Cindy Billman, CDPE, SFR's discussion JUST WHEN THINK SHORT SALES ARE A PAIN - SOMETHING WONDERFUL HAPPENS! in the group Wells Fargo Short Sales"WONDERFUL!!! It certainly beats the NJ way of home owners showing up with baseball bats if the sale is NOT approved!!! LOL"
Paddy Deighan, JD PhD replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"Some in house; some out sourced."
Paddy Deighan, JD PhD commented on Sara Mehrpouyan Los Angeles CDPE's group About Bankruptcy"in regard to that language, there is more to it than that....as anyone would read that , it would mean that there are no notes, mortgages, deed of trust etc and teh home is owned free and clear by the sellers and we know that this is not the…"
Paddy Deighan, JD PhD commented on Sara Mehrpouyan Los Angeles CDPE's group About Bankruptcy"Cheri, this is obviously a complicated situation and there are several issues variables. First, teh second does not automatically become and unsecured creditor. It can happen, but only if certain motions were made and granted so you cannot assume…"
Paddy Deighan, JD PhD replied to Joshua Jarvis's discussion Direct Mail in the group Short Sale Lead Generation"Licensed real estate agents are able to utilize such lists but there are restrictions on what you are offering in the solicitation. In regard to comments about MARS, the recent FTC determination is frequently misinterpreted. All…"
Paddy Deighan, JD PhD commented on Joshua Jarvis's group Short Sale Lead Generation"Jennifer, you are not checking in the right places...there are restrictions in NJ, CO & FL that I am aware of...do not rely upon the list agents for info"
Paddy Deighan, JD PhD commented on Joshua Jarvis's group Short Sale Lead Generation"please be careful with pre-NOD lists. Many states restrict marketing to such home owners"
Paddy Deighan, JD PhD replied to Valerie Keener's discussion PERSONAL SETTLEMENT OFFER FROM CITI in the group Citi Short Sales"Very suspect if the wire is outside of closing"
Profile Information
- Occupation
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- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- I am an attorney for a number of national real estate investors that purchase and negotiate short sales. We put an average of 10 properties per week under contract
- Website
- http://homesavers.pro
- Short Sale Transactions Completed
- 100+
- 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?
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- Put in todays date! This is to help stop spammers!
- June 4, 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!
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Paddy Deighan, JD PhD's Blog
More Information on the Bankruptcy Court "Game Changer" in Distressed Real Estate
Posted on June 30, 2011 at 9:26pm 0 Comments 2 Likes
Many have made comments to my blog or emailed me separately in regard to my blog about a recent bankruptcy appellate case that could potentially revolutionize loan modifications, forensic audits, short sales, deficiency judgments etc. I wanted to review the case with colleagues prior to discussing it further. Last evening, I met with prominent tax and bankruptcy attorneys. I traveled from the Giant Litter box (Las Vegas) to Palm Desert, California and another traveled from Phoenix to Palm… Continue
Federal Bankruptcy Appellate Court Makes Astonishing Decision on "Produce the Note"
Posted on June 24, 2011 at 1:34am 11 Comments 3 Likes
A federal bankruptcy judge has ruled that a lender must prove that it has the original note in order to receive relief from the automatic stay in bankruptcy and proceed against the real estate. This has potentially HUGE repercussions in all forclosures and certainly all foreclosures in bankruptcy.
The "produce the note" affirmative defense in one in which a home owner in foreclosure alleges as a defense to the foreclosure lawsuit that the lender does not have the legal right to sue…
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Forum
Are FHA loans eligible for HAFA?
Started by Cinda Rose in Rants and Raves. Last reply by Cinda Rose 5 hours ago. 2 Replies 0 Likes
Making sure your Realtor is on top of things
Started by Stephen Dotlich in Rants and Raves. Last reply by Sheila Vardakis 8 hours ago. 17 Replies 0 Likes
Bank of America Short Sale Incentive Relocation Assistance
Started by TeamKane Realty in Rants and Raves. Last reply by Robin Mitchell 17 hours ago. 3 Replies 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 yesterday. 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 yesterday. 9 Replies 0 Likes
Bank of America changed closing date
Started by Kevin Hayes in General Discussion. Last reply by Dawn Marie Richeal yesterday. 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 yesterday. 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 yesterday. 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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