"I'm suggesting you look into the HAFA program in detail. A hardship can be something logical such as a job change or death in the family. If you need to abandon the property for income reasons, the lender cant' hold you to the…"
Short Sale Specialist Network
Realtor Short Sales Training and Resources
Peter Rundel's Groups
Peter Rundel's Discussions
Suntrust Second Mortgage
Started Feb 14 0 Replies 0 Likes
I am trying to get a listing with a client who needs to move out of town, but has a first with Wells Fargo and a large second with Suntrust that is larger than $100k. The words on the street from…Continue
Peter Rundel's Page
Latest Activity
Peter Rundel posted a discussionSuntrust Second Mortgage
I am trying to get a listing with a client who needs to move out of town, but has a first with Wells Fargo and a large second with Suntrust that is larger than $100k. The words on the street from what I've heard is that Suntrust does not want to negotiatie with the seller as the second lien holder. I personally have not had any experience with Suntrust.I'd like some feedback on how others with this kind of second mortgage have been successful or unsuccessful with being able to negotiate some…See More
Peter Rundel replied to Tracie Norman's discussion Bank of America Conventional Being Processed Outside of Equator?"This doesn't sound logical! I had 2 short sales through BofA last year that did not go through the Equator system (thankfully) because one was a VA loan and the other was an FHA loan. I believe someone may be misinformed.
BTW - I…"
Peter Rundel replied to Mike Linkenauger's discussion 3rd Party Negotiators or Do it in house?"We are a small brokerage here in the North Tampa area and would actually prefer working on marketing and sales than to deal with the administrivia. So,
I used to do my own, but my title company asked me to try them out, and it has been working…"
Peter Rundel joined Michael Bellopede's group
Equator
This group is to discuss the Equator Short Sale System, as well as any Short Sale and REO programs through Equator (formerly REO Trans)
Peter Rundel replied to Connie McLean's discussion Am I asking too much from Chase - timewise? in the group Chase Short Sales"Hi Connie
I've done short sales with Litton, Bank of Americ (3 kinds - FHA, VA and conventional), Chase, IBM's LBPS, now Impac - a servicer for BoA. Everything is different. And since the rules changes periodically (such as…"
Peter Rundel replied to Peter Rundel's discussion Deficiency Judgement Release and Chase-HAFA in the group Chase Short Sales"Thanks all:
I'm now in the last chapter!
Chase has turned a new leaf, I now have a new buyer and we are approved to close by 4/8/11.
Chase has provided all of the HAFA benefits to my seller.
It's been a long haul, but the light is at the…"
Christopher Gray replied to Peter Rundel's discussion Deficiency Judgement Release and Chase-HAFA in the group Chase Short Sales"I think she meant "HAMP"."
Mike Linkenauger commented on Peter Rundel's blog post IBM LBPS"I used to think the acronym for IBM was Idiot Brain Malfunction... Lets hope the new number helps. SOME lenders are definitely getting better at approving short sales, but with my involvement in the national market I don't think it is…"
Peter Rundel posted a blog postIBM LBPS
What is that acronym you say? Well, if you haven't run into it, it's IBM's Lender Business Process System, and it's just another travesty.Sad to say, they are difficult to contact, but for those that are having a hard time, they have just started a new phone number for realtors 877-917-6004.The folks on the other end of the line seem to be abit more savvy of what's going on, but now they appear to be thinking that the market is improving! Well, here in the Tampa area, if there is improvement,…See More
Peter Rundel commented on Peter Rundel's blog post Military Owner Wants Deficiency Waiver"Thanks everyone for your thoughts and experiences. The owner seems to be still sitting on the fence, however.
When he sends me the keys, I'll finish the due diligence and we'll see how it goes.
And hopefully if this winds down fairly…"
Tamilyn Simard commented on Peter Rundel's blog post Military Owner Wants Deficiency Waiver"With. all due respect, I just did a short sale with VA that closed in early November 2010 and the VA put in their short sale compromise letter that they are waiving the deficiency and will not come after the seller. Maybe its because we are in…"
Joseph C. Alfe commented on Peter Rundel's blog post Military Owner Wants Deficiency Waiver"VA will not waive deficiency, period. VA is the absolute worst loan program in existence and vets are much better off with FHA. VA will force a seller into foreclosure."
Tamilyn Simard commented on Peter Rundel's blog post Military Owner Wants Deficiency Waiver"Hello Peter, I agree with Rob the first thing you need to verify is that this is a VA loan that you are dealing with. If it is a VA loan, they have what is called a Short Sale Compromise Letter which does have deficiency release language…"
Rob E. Kirchner commented on Peter Rundel's blog post Military Owner Wants Deficiency Waiver"Pete,
You or your client MUST find out if it is a VA loan period! If it is, along with a military transfer, he should be able to get the waiver. If he has trouble, the VA has a variety of options that will go over the lender's…"
Profile Information
- Occupation
- Realtor, Home Owner
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Florida - hernando county, pasco county, Hillsborough County; Land O lakes, Wesley Chapel, Odessa, Lutz, new port richie, port richie, Spring Hill, Brooksville, Hudson, Dade City, Zephyr Hills, Holiday
- Short Sale Designations and/or Special Training
- SFR (Short Sales and Foreclosures Resource)
- Website
- http://www.petesrealty.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?
- no
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Action 100 Realty - Wesley Chapel, FL - Agent experience 8 years - 4 years in Virginia and most current 4 years in Florida. Currently specializing in short sales and foreclosure avoidance.
Educated at Johns Hopkins University School of Engineering 1974. Practicing Real Estate since 2002.
- Put in todays date! This is to help stop spammers!
- July 23, 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
Peter Rundel's Blog
IBM LBPS
Posted on February 7, 2011 at 4:31pm 1 Comment 0 Likes
What is that acronym you say? Well, if you haven't run into it, it's IBM's Lender Business Process System, and it's just another travesty.
Sad to say, they are difficult to contact, but for those that are having a hard time, they have just started a new phone number for realtors 877-917-6004.
The folks on the other end of the line seem to be abit more savvy of what's going on, but now they appear to be thinking that the market is improving! Well, here in the Tampa area, if…
Continue Military Owner Wants Deficiency Waiver
Posted on January 3, 2011 at 2:44pm 7 Comments 0 Likes
My client is in the military and was transferred from Florida to 29 Palms, CA. He is upside down on his USAA mortgage, and they will not make any statements about waiving the deficiency. Not sure if this is a VA loan, but all I can tall him is that he doesn't have to close the contract if his lender will not waive the deficiency. All of this is a bit traumatic for ther buyer, but I'm looking for other suggestions - recommendations.
Pete in Land O Lakes, FL
Comment Wall (1 comment)
- At 12:54pm on September 08, 2010, Mike Linkenauger gave Peter Rundel a gift…
~ 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.
