About Bankruptcy
There may be bankruptcy somewhere in the situation when it comes to homeowners in distress.
Realtor Short Sales Training and Resources
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Sara Mehrpouyan Los Angeles CDPE
- Woodland Hills, CA
- United States
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- Discussions (90)
- Events
- Groups (16)
- Videos (1)
Sara Mehrpouyan Los Angeles CDPE's Groups
Sara Mehrpouyan Los Angeles CDPE's Discussions
MUST READ: Pennymac Short Sale Supervisor Says He Knows & Doesn't Like the Buyer ??
Started this discussion. Last reply by Christy Quick Jan 30, 2013. 1 Reply 0 Likes
I had to write about this-- maybe because of freedom of speech or just to see if anyone else finds this to be strange. I have been working on a HAFA short sale with Pennymac as the 1st loan. Pennymac…Continue
More Than One Borrower on Loan - How Many Needed To Sign Authorization?
Started this discussion. Last reply by Vanessa Liddell Apr 1, 2012. 5 Replies 0 Likes
More than one person is on mortgage. I know that we need everyone that is on the loan to provide info etc for the short sale to take place, however, is one borrowers name and signature on the…Continue
Postpone Foreclosure on Property When Lender Could Be Paid In Full ?
Started this discussion. Last reply by Kevin - Greenville, SC Apr 23, 2012. 6 Replies 0 Likes
Has anyone ever had a situation with a property that has a foreclosure sale date on it or may be close to the lender putting a sale date on it BUT the property may sell with the lender being paid in…Continue
Tags: angeles, los, sale, foreclosure, postpone
2nd Loan or Mortgage is Higher Balance Than 1st Loan or Mortgage - HAFA Short Sale ?
Started this discussion. Last reply by Frances Hicks Feb 13, 2012. 8 Replies 0 Likes
The 2nd mortgage is a Home Equity Line and balance is significantly more than the 1st mortgage. So, 1st mortgage would be paid in full with short sale proceeds (no short sale with 1st loan). Will 2nd…Continue
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Sara Mehrpouyan Los Angeles CDPE's Page
Latest Activity
Michele DeVito joined Sara Mehrpouyan Los Angeles CDPE's groupAbout Bankruptcy
There may be bankruptcy somewhere in the situation when it comes to homeowners in distress.
"Thanks to both of you-good input. I will gather more info and look at the discharge papers for clues."
Paddy Deighan, JD PhD commented on Sara Mehrpouyan Los Angeles CDPE's group About Bankruptcy"Joe, it may be logical, but Courts can only look at the present and not consider the future. If the debtor makes the appropriate argument, the Court will remove the second. Courts cannot project into the future, but rather, deal with what is…"
Joe Beauchamp commented on Sara Mehrpouyan Los Angeles CDPE's group About Bankruptcy"Paddy, it's logical that the court leave the 2nd on the property so that an increase in property value (later) might pay back some of the debt to the 2nd when the property is sold. You're saying the court basically screws the 2nd out of…"
Paddy Deighan, JD PhD commented on Sara Mehrpouyan Los Angeles CDPE's group About Bankruptcy"Rob, there is more to this...the debtor cannot "select" debts to include in BK...all creditors must be listed and there are ramifications for not doing this. The "cram" down issue applies only to Chapter 13 and personal Chapter…"
"Thankes Joe!
I am having the title company check into it now. What about HAFA or other Seller incentive $$'s? Is that still possible?"
Joe Beauchamp commented on Sara Mehrpouyan Los Angeles CDPE's group About Bankruptcy"Real lawyers can screw up a BK, so I assume non-lawyers might just do so, too. Since the BK is not active but discharged, the BK will not be in the way for a short sale. I've heard of a "cram down" for the 2nd, but not sure how that…"
"I have a potential listing where the owner declared BK and it was discharged. She (the owner) did it thru a "do-it-yourself" BK kit prooduced by paralegals and did not really have a attorney filing. Her intent was not to…"
About Bankruptcy
There may be bankruptcy somewhere in the situation when it comes to homeowners in distress.
Sara Mehrpouyan Los Angeles CDPE commented on Mike Linkenauger's group Bank of America Short Sales"Let's say that B of A will not allow the Seller to participate in HAFA short sale because they are too close to a trustee sale date. Has anyone seen B of A allow the Buyer to contribute to the seller's relocation-- in other words-- the…"
Kevin - Greenville, SC replied to Sara Mehrpouyan Los Angeles CDPE's discussion HAFA short sale - First Loan does NOT want to give $8500 to Second Loan in the group HAFA Short Sale Program"It's up the the 1st Mortgage Holder to decide what % of the UPB is going to be allotted to the subordinate Lien Holder(s). The % is not dictated per HAFA Guidelines, only that it's capped at $8500."
Kevin - Greenville, SC replied to Sara Mehrpouyan Los Angeles CDPE's discussion HAFA short sale - First Loan does NOT want to give $8500 to Second Loan in the group HAFA Short Sale ProgramKevin - Greenville, SC replied to Sara Mehrpouyan Los Angeles CDPE's discussion HAFA short sale - First Loan does NOT want to give $8500 to Second Loan in the group HAFA Short Sale Program"Subordinate mortgage lien holders with subordinate liens secured by a mortgage on the subject property may be paid no more than an aggregate cap of $8,500. Such cap does not apply to non-mortgage subordinate lien holders with subordinate liens not…"
Kevin - Greenville, SC replied to Sara Mehrpouyan Los Angeles CDPE's discussion HAFA short sale - First Loan does NOT want to give $8500 to Second Loan in the group HAFA Short Sale Program"Janet,
The subordinate lien holder (s) gets up to $8500 with a HAFA SS. Chase when they hold the 1st Mortgage does not give the 2nd the full $8500 either."
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Los Angeles and Ventura Counties- California
Agoura Hills, Arleta, Bell Canyon, Beverly Hills, Box Canyon, Burbank, Calabasas, Camarillo, Canoga park, Canyon Country, Castaic, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lakeview Terrace, Los Angeles (some zip codes), Mission Hills, Moorpark, Newbury Park, Newhall, North Hills, North Hollywood, Northridge, Oak Park, Oxnard, Pacoima, Panorama City, Pasadena, Porter Ranch, Reseda, San Fernando, Santa Clarita, Saugus, Sepulveda, Sherman Oaks, Simi Valley, South Pasadena, Stevenson Ranch, Studio City, Sun Valley, Sylmar, Tarzana, Thousand Oaks, Toluca Lake, Universal City, Valencia, Valley Glen, Valley Village, Van Nuys, Ventura, West Hills, West Hollywood, West Los Angeles, Westlake Village, Woodland Hills, Winnetka
90024, 90025, 90035, 90038, 90046, 90048, 90069, 90210, 90211, 90212, 90230, 90232, 90290, 91030, 91101, 91103, 91104, 91105, 91106, 91107, 91108, 91201, 91202, 91203, 91204, 91205, 91206, 91207, 91208, 91210, 91214, 91301, 91302, 91303, 91304, 91306, 91307, 91311, 91316, 91320, 91321, 91324, 91325, 91326, 91331, 91335, 91340, 91342, 91343, 91344, 91345, 91350, 91351, 91352, 91354, 91355, 91356, 91360, 91361, 91362, 91364, 91367, 91377, 91381, 91382, 91383, 91384, 91387, 91390, 91401, 91402, 91403, 91405, 91406, 91411, 91423, 91436, 91501, 91502, 91504, 91505, 91506, 91601, 91602, 91604, 91605, 91606, 91607, 91608, 93001, 93003, 93004, 93010, 93012, 93021, 93030, 93033, 93035, 93036, 93041, 93063, 93065
- Short Sale Designations and/or Special Training
- CDPE (Certified Distressed Property Expert), HRC (Home Retention Consultant)
- 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!
- Rodeo Realty
Rodeo Realty, Top 1% Company Wide 1st Quarter 2009
Rodeo Realty, Woodland Hills #2 Top Producing Agent April 2009
Rodeo Realty, Woodland Hills #2 Top Producing Agent January 2009
Rodeo Realty, Woodland Hills #2 Top Producing Agent October 2008
Member of National Association of Realtors, California Association of Realtors, Southland Regional Association of Realtors, SocalMLS, Conejo Valley MLS, Realtor.com Showcase Listings, etc.
Experienced, organized, thorough, professional, and knowledgeable. I have worked on Short Sales as well as listing and selling bank foreclosures. I understand the emotional and financial distress of homeowners in the current, challenging market. I strive to offer the highest level of professional service available.
- Put in todays date! This is to help stop spammers!
- May 19, 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!
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Sara Mehrpouyan Los Angeles CDPE's Videos
Sara Mehrpouyan Los Angeles CDPE's Blog
Bank of America Short Sale "Special" Agent ~ Los Angeles
Posted on January 31, 2012 at 12:00am 3 Comments 1 Like
I received a phone call this morning from the Bank of America short sale escalation team, as a Los Angeles Short Sale Agent, I thought it was about one of my B of A short sales. The representative on the call explained that they would be testing out a new web tool in case any escalations are needed. This could be used if Bank of America were taking too long to respond on the short sale, for foreclosure sale extensions, more time needed on a closing etc. I'm supposed to be receiving an…
Continue Bank of America B of A Loan or Mortgage Owned by Fannie Mae ? Possible Short Sale ? Read Here
Posted on February 8, 2011 at 10:34pm 1 Comment 0 Likes
Bank of America B of A Loan or Mortgage Owned by Fannie Mae ? Possible Short Sale? Read Here
I recently found out that my seller's Bank of America loan has Fannie Mae as the investor. Well, there is such thing as the Co-op or Cooperative Short Sale. If the homeowner's mortgage is with Bank of America and owned by Fannie Mae then they may…
Continue Seeing more HOA's with Notice of Default on unit here in California
Posted on June 17, 2010 at 5:20pm 4 Comments 0 Likes
Recently I have noticed some HOAs recording Notice of Defaults (NODs) here in California. And, this is without a NOD from the lender on the unit. Could it be that people are not paying their HOA dues but continuing to pay their mortgage OR that the lender is holding off on recording the NOD.
My understanding is that after a property is foreclosed, the HOA lien may extinguish. However, I have seen a situation where the lender had to pay off the HOA lien before closing escrow…
Continue Please join "About Bankruptcy" Group
Posted on February 25, 2010 at 4:27pm 2 Comments 0 Likes
Hi all,
I have added a group called About Bankruptcy on the forum. Please join and add your comments. I think lots of us will benefit from the info.
Thanks!
Comment Wall (7 comments)
- At 11:24pm on April 18, 2011, Sharon Tukay gave Sara Mehrpouyan Los Angeles CDPE a gift…
- At 9:43pm on May 18, 2010,
Amber Fleming said… - No problem, I am always happy to share information.
- At 9:24am on May 13, 2010,
Angela Alfe said… - Thank you for the birthday balloons!!!
- At 11:40pm on March 1, 2010,
Mike Linkenauger said… - Thanks for reminding me I needed to set up a page for the network on there, its just one more thing to keep up with!!
- At 5:58pm on March 1, 2010, Mike Linkenauger said…
- Just wanted to let you know that the Site Badge will now show up on Facebook! We also just started a Facebook group for The Short Sale Specialist Network as well.
- At 5:43pm on February 11, 2010, Mike Linkenauger gave Sara Mehrpouyan Los Angeles CDPE a gift…
- At 12:37am on February 1, 2010,
Steele V. Propp said… - Welcome to the SSS Network. Look forward to seeing your input.
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