Sidney Kutchuk
  • Male
  • Temecula, CA
  • United States
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Sidney Kutchuk's Discussions

Another HAFA & HAMP Loophole

Started this discussion. Last reply by Vanessa Calhoun Jan 27, 2011. 4 Replies

I need to know....I understood that if we have a seller that had a failed HAMP loan mod the next step for them would be the HAFA short sale program.I have a seller with a failed HAMP mod and Bank of…Continue

Tags: Loophole, FHA, HAMP, HAFA

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Latest Activity

Sidney Kutchuk commented on Mike Linkenauger's group Bank of America Short Sales
"Correction Direct message BOA at @BofA_Help "
May 23
Sidney Kutchuk commented on Mike Linkenauger's group Bank of America Short Sales
"Use Twitter to get your file moving  @BorA_Help "
May 23
Sidney Kutchuk replied to Sandra Bundy's discussion BOA VA Short Sale ~ 3rd Negotiator in the group Bank of America Short Sales
"Sandra, Bank of America has a special unit for Military members,are you using it? Here is a link to my post about it... Bank of America Military short sales"
May 19
Sidney Kutchuk replied to Carmen Chavez's discussion how many times can you apply for a HAFA short sale approval when buyers bail out? in the group HAFA Short Sale Program
"Carmen, You have time to recover and resubmit.I do not believe there is a hard number of time you can submit.I have had HAFA deal go through multiple buyers.This is normal. HAFA approval does not die with the exiting buyer unless your…"
Apr 19
Sidney Kutchuk replied to Andy Stetz's discussion 80/20 using HAFA? in the group Bank of America Short Sales
"Andy, Go for it.I posted a blog on Bank of America and HAFA and their is a link at the bottom of that post back to the BOA HAFA page. Here is the link to that post. Bank of America HAFA link."
Feb 19
Sidney Kutchuk replied to Mike Linkenauger's discussion GUARANTEED LISTINGS & PREFERRED PARTNER MEMBERSHIP!
"Do you have an opening in the Temecula Ca area? Iam interested. I follow through on helping all clients."
Jan 26
Ben Benita replied to Sidney Kutchuk's discussion CHASE offers my Temecula Short Sale client $30,000.00 to make a fresh start. in the group Bank of America Short Sales
"same thing here, we closed one where the Seller got a check for $30k at closing on his short sale and HE PUT NO MONEY DOWN WHEN HE BOUGHT THE HOME!!!!!   I thought it was a joke when he told me about hte letter, but, it is 100% true.   It…"
Jan 15
Sidney Kutchuk replied to Sidney Kutchuk's discussion CHASE offers my Temecula Short Sale client $30,000.00 to make a fresh start. in the group Bank of America Short Sales
"Maybe there is a trend here. My clients were also in a BK that had just been discharged."
Jan 10
Debbie Parkans, CDPE, CSSG, CRS replied to Sidney Kutchuk's discussion CHASE offers my Temecula Short Sale client $30,000.00 to make a fresh start. in the group Bank of America Short Sales
"Had the same thing.  Client got a letter from Chase (She had not lived in the house for a year and had been through bankruptcy)   Offered her $15,000 to short sale.  Property value was $43,000.   I listed, sold and…"
Jan 10
Sidney Kutchuk added a discussion to the group Bank of America Short Sales
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CHASE offers my Temecula Short Sale client $30,000.00 to make a fresh start.

CHASE offers my Temecula Short Sale client $30,000.00 to make a fresh start. The letter from CHASE stated...RETURN YOUR LISTING AGREEMENT NOWOWE NOTHING MORE ON YOUR MORTGAGEGET $30,000.00 WHEN YOU SELL YOUR HOME.My clients had 20 days to respond or the offer would be no longer valid.Chase told them to find a real estate agent with experience working with mortgage companies,they called me and asked for my help as a short sale specialist.My clients were a bit skeptical as to if this was a true…See More
Jan 10
Sidney Kutchuk commented on Mike Linkenauger's group Bank of America Short Sales
"Sounds like this loan is FreddieMac. They stand firm on paying only 6% to a junior lien. They will NOT allow you or any other party to bridge the gap. Keep hammering the second to take the $800.00"
Jan 10
Sidney Kutchuk commented on Sidney Kutchuk's blog post I got the Short Sale approved to Fast??
"Antonette, They are under contract,but with a short sale there are many ways they can exit the transaction. So instead of going into a forced escrow I say thank you. They got me to the point were I now have an approved short sale. An…"
Nov 10, 2011
Antonette Solano CSSG, SFR commented on Sidney Kutchuk's blog post I got the Short Sale approved to Fast??
"how can they just bck out, don't you have a binding contract?  that would be a breach of contract here."
Nov 10, 2011
Joseph C. Alfe commented on Sidney Kutchuk's blog post I got the Short Sale approved to Fast??
"that's why you MAKE them conform to "The rules of a short sale" and get an unbreakable contract."
Nov 7, 2011
Sidney Kutchuk commented on Sidney Kutchuk's blog post I got the Short Sale approved to Fast??
"Buyer don't seem to understand the danger they put seller's in when writing offers they do not intend to follow through on."
Nov 5, 2011
Joseph C. Alfe commented on Sidney Kutchuk's blog post I got the Short Sale approved to Fast??
"This is why I do not accept contracts without the following: 1. Ernest money upon seller acceptance 2. Five day attorney review (if applicable) 3. 10 day inspection period 4. close date at least 90 days out.   What this does is shut off any…"
Nov 5, 2011

Profile Information

Occupation
Real Estate Broker, Negotiator
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Temecula,CA
Murrieta,CA
Winchester,CA
Short Sale Designations and/or Special Training
Harris University Training (Of Some Kind), CSSS (Certified Short Sale Specialist), HRC (Home Retention Consultant)
Website
http://www.aShortSale.com
Short Sale Transactions Completed
50-100
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?
NA
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Short Sale Specialist,HAFA Certified,16 years experience.ActiveRain Blogger. Broker for www.RealtyWrks.com
Put in todays date! This is to help stop spammers!
June 25, 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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Sidney Kutchuk's Blog

I got the Short Sale approved to Fast??

Posted on November 4, 2011 at 11:30pm 5 Comments

I got the Short Sale approved to fast???Short Sales

Sometimes it does not pay to be a Temecula short sale specialist.

I stopped the foreclosure,and got this short sale approved and here is my reward.

Emailed to me today.......



After a long discussion amongst ourselves my wife and I have decided to withdraw our…
Continue

New rules on Bank of America short sales- Good News!

Posted on July 12, 2011 at 9:11pm 0 Comments

Good News on Bank of America Short Sales!



Good news about Bank of America Short Sales!

We can all use some good news when it come to short sales and today

I received some that caused me to write this post.

Below is a notice I received from Bank of America that they will now NOT make us

start all over if a buyer has walked,which often does happen.









Now You Can Substitute a New Buyer for One Who Walked Without Restart

As an example… Continue

Short Sales and Property Taxes,should you continue to pay?

Posted on February 7, 2011 at 11:32pm 0 Comments

Short Sales and Property Taxes,should you continue to pay?

I put this short video together to answer one of the top 10 questions I receive

from my short sale clients. "Should I continue to pay my property taxes"

Short Sale Welcome Call from Bank of America

Posted on December 28, 2010 at 4:43am 4 Comments



Bank America is trying something new again.

Below is a copy of an email I received from Bank of America…

Continue

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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

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What does Analysis stage mean Bank of America

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Bank of America changed closing date

Started by Kevin Hayes in General Discussion. Last reply by Dawn Marie Richeal yesterday. 5 Replies

Bank of America NDS Co-op on Proactive

Started by Olesya Drozdova in Question and Answer. Last reply by Jack Dudenhoeffer yesterday. 3 Replies

Can the seller pay additional commission?

Started by Jose Hernandez in Question and Answer. Last reply by Satar Naghshineh on Sunday. 63 Replies

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