"Thanks for posting this. Good information to know."
Short Sale Specialist Network
Realtor Short Sales Training and Resources
Patti Guilford's Groups
Patti Guilford's Discussions
Supreme Course rules on Quicken Case - Fee does not violate Section 8(b) of RESPA
Started this discussion. Last reply by Fred Shocklie yesterday. 2 Replies 0 Likes
According to NAR’s legal summary: What the Freeman decision means for real estate brokerages “Suits alleging a violation of Section 8(b) of RESPA have been brought against real estate brokerages that…Continue
Borrowed from a friend: 'Why do SS Approval Letters NOT have a paragraph.....
Started this discussion. Last reply by Edwin Baloloy May 8. 10 Replies 0 Likes
"Why do SS approval letters NOT have a paragraph where the borrower forever releases the bank from any and all claims arising from issues of origination, securitization, servicing, default servicing,…Continue
Gifts Received
Patti Guilford has not received any gifts yet
Patti Guilford's Page
Latest Activity
Fred Shocklie replied to Patti Guilford's discussion Supreme Course rules on Quicken Case - Fee does not violate Section 8(b) of RESPA
Mike Linkenauger replied to Patti Guilford's discussion Supreme Course rules on Quicken Case - Fee does not violate Section 8(b) of RESPA"This is interesting news here... Good stuff to know! Thanks for posting!"
Patti Guilford posted a discussionSupreme Course rules on Quicken Case - Fee does not violate Section 8(b) of RESPA
According to NAR’s legal summary: What the Freeman decision means for real estate brokerages “Suits alleging a violation of Section 8(b) of RESPA have been brought against real estate brokerages that charge consumers a flat fee in addition to a percentage-based commission. The first such suit, decided in 2009 in the case of Busby v. JRHBW Realty, Inc. d/b/a Realty South, sent shock waves through the brokerage community. In that case the court found that a fully disclosed administrative…See More
"You got mail. ;)"
Patti Guilford replied to Patti Guilford's discussion Borrowed from a friend: 'Why do SS Approval Letters NOT have a paragraph....."yes and it bounced back. Check your msg here."
"Didn't get your email. Did you send it to edquity[at@symbol]sbcgolbal[dot]net?
Spambots are programs that search for email address through search engines. You pretty much open up a pandora's box of spam!"
Patti Guilford replied to Patti Guilford's discussion Borrowed from a friend: 'Why do SS Approval Letters NOT have a paragraph....."I just emailed.
What's a spam bot? lol"
"The language will NOT hold up in court. If you still want it, you can email me. Visit my website for the email: FreeModificationHelp[dot]com
I don't post my email on msg boards due to the darn spam bots. =)"
Patti Guilford replied to Patti Guilford's discussion Borrowed from a friend: 'Why do SS Approval Letters NOT have a paragraph....."Oh Edwin - thank you! Would you be so kind and copy and paste the complete verbiage above from the letter...the seller may want to draft a similar "approval letter" for the record. "
"Citimortage does -- if I'm understanding your question right.
The part that cracks me up about their letter is the part where they say, "borrower agrees to hold Citimortgage harmless in the event of NEGLIGENCE, even…"
Patti Guilford replied to Patti Guilford's discussion Borrowed from a friend: 'Why do SS Approval Letters NOT have a paragraph....."you are a trouble maker...lol"
Steven Pawera replied to Patti Guilford's discussion Borrowed from a friend: 'Why do SS Approval Letters NOT have a paragraph....."Am I reading the question and Roberta's reply wrong?
The release I'm reading about would BENEFIT THE BANK - but the banks are not requesting such a release (in exchange for generously approving a short sale).
Wouldn't it be funny: a…"
Roberta Hutchings replied to Patti Guilford's discussion Borrowed from a friend: 'Why do SS Approval Letters NOT have a paragraph....."Because the banks issue the approval letters. You could ask for those terms in your submission to the bank, but approval letters are usually non-negotiable. And the banks are not going to put anything in them that pertains to anything other than the…"
Profile Information
- Occupation
- Realtor, Negotiator
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Florida Panhandle - Tallahassee, Destin, Panama City Beach, Carilon Bch, Rosemary Bch, Santa Rosa Bch, Sandestin, Fort Walton, Okaloosa Island, Navarre Bch, St George Island
Lower Alabama - Dothan, Enterprise, Hartford, Geneva, Mobile, Orange Beach
- Short Sale Designations and/or Special Training
- CDPE (Certified Distressed Property Expert), Harris University Training (Of Some Kind), CSSS (Certified Short Sale Specialist), Equator Certified
- Website
- http://myshortsalestory.com
- 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?
- No
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- A licensed agent with Keller Williams Success Realty in Panama City Beach FL; Owner Operator of Magnolia Loss Mitigation.
- Put in todays date! This is to help stop spammers!
- April 16, 2012
- 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
Patti Guilford's Blog
reported as "Charged Off and remaining balance outstanding" Approval Letter
Posted on November 11, 2011 at 1:34am 2 Comments 0 Likes
Has anyone had this verbiage on an Approval Letter from BAC?
Comment Wall (5 comments)
- At 4:45pm on April 13, 2012,
Donna-Jean Santa Maria said… Orange County California, Huntington Beach, Newport Beach, Costa Mesa area. I'll keep your information close in the event I can send any referrals your way! Have a great day.
- At 4:00pm on April 13, 2012, Donna-Jean Santa Maria said…
Thank you Patti and very nice to meet you. Where is your marketplace?
- At 1:36pm on March 8, 2012, Pat Hood said…
Patti,
Hope things are going great for you!Love your insight! I have never had that verbiage in a BAC letter either...
Pat Hood
- At 1:31pm on March 7, 2012,
Judy Griffin said… Hi Patti:
I sold 22 homes last year and half of them were short sales. I don't think I have ever had a BofA short sale not close with only one loan and maybe two in the last 4 years that did not close because of seconds that wanted a big seller contribution.
I submit the short sale myself through equator and work directly with the negotiator. I like having direct access with the negotiator so I can push the file along. Is your seller eligible for the HAFA program?
Let me know if I can help.
Judy
- At 12:36pm on March 7, 2012, Judy Griffin said…
Hi Patti:
Yes, I work in Defuniak Springs as well. Is there anything I can help you with?
Judy Griffin
850-685-8595
~ JOIN US ~
We Refer Thousands of
Listings to agents like YOU!
_____________________
Customer Service (877)737-4903
Contact our support staff CLICK HERE
___________________
____________________
Realtor Short Sale Training Program
____________________
FOLLOW US!
  |
|
  |
______________________
Always seek legal advice and representation. The Short Sale Specialist Network and First Coast Realty Associates assume no responsibility for the content of this website.
____________________
Jacksonville Real Estate Short Sale Help CA Short Sale
____________________
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
© 2012 Created by Mike Linkenauger.
