"We don't really care for this "pre-approval program" with BofA. Yes, there is an incentive to the homeowner but we feel there are many downsides. 1. THEY pick your list price and it takes them awhile to do that so…"
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Steven Pawera
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- Los Angeles, CA
- United States
- Blog Posts (2)
- Discussions (110)
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Steven Pawera's Groups
Steven Pawera's Discussions
Recognize And Roast A Negotiator
Started this discussion. Last reply by Kenneth Kulpa Sep 27, 2011. 1 Reply 0 Likes
I would like to make this a regular feature (unless we have it somewhere already?): Whether we call this 'the dumbest thing I heard from a negotiator today', or maybe, 'reasons my pet rock is smarter…Continue
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Ellen Muzzio replied to Steven Pawera's discussion BAC Pre-approved Price Short Sale in the group Bank of America Short Sales
Steven Pawera replied to Lehel Szucs's discussion Wells Fargo - imminent default clcualtion in the group Wells Fargo Short Sales"It's better than 'only PITI': the PI is only on their (WF) loan(s).
If you have a 2nd and it's not their's, not their problem.
If the homeowner has had to move out already as is not unreasonable as they certainly can't…"
Steven Pawera joined Mike Linkenauger's group
Wells Fargo Short Sales
Group to discuss short sales with Wells Fargo and Wells Fargo Financial and share solutions to getting mortgage short sales approved.
Steven Pawera added a discussion to the group Bank of America Short Sales
BAC Pre-approved Price Short Sale
Program sounds great. Can anyone guess what the problem is?I call the SS call center and asked her, 'what documents will I need to submit when I open the SS in EQ?'She replied, '3rd Party, Listing Agreement, 4506T and the offer and HUD'.When I asked her how I would have an offer or HUD, when the relocation incentive is only for SS initiated without an offer, she said, 'that's a good question' - and put me on hold.And when she came back, ostensibly from asking her supervisor (or maybe it was a…See More
Steven Pawera commented on Mike Linkenauger's group Bank of America Short Sales"@Joe - I'd bet a dollar your experience was with the.. Delaware center?"
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…"
Steven Pawera commented on Marcy Moyer's blog post I Just Closed An Unusual Silicon Valley Wells Fargo Short Sale"The investor got very lucky here.
You might have had an unscrupulous seller who says, 'They won't accept my ggod faith effort to do the right thing? Screw them.' - and then gone down the road of sending a QWR, getting a…"
Steven Pawera replied to Mike Linkenauger's discussion Our Association requires ALL offers be submitted to lenders"I would simply ignore the association. You can't follow their directions if it opens you up to being sued by your sellers for 1) failure to administer your fiduciary duty, and 2) tortuous interference with a contract when your actions…"
Anon_Negotiator replied to Steven Pawera's discussion New Procedures: comply - or watch your file die in the group Bank of America Short Sales"A reduction in the time taken to process a short sale is something most agents would welcome I would imagine."
Steven Pawera replied to Sherri Mercurio's discussion BOA Preapproved Short Sales And DTS in the group Bank of America Short Sales"Team Holmes?? reminds me of an oldy but goody..
What did the Mexican say to the house when it fell on him?
"Get off me holmes'.
Well I hope it's as funny elsewhere as it is here in Southern Cali. :)"
Lehel Szucs replied to Steven Pawera's discussion New Procedures: comply - or watch your file die in the group Bank of America Short Sales"I like the outreach bofa is trying toward agents ... maybe they are now realizing that working together will help everyone concerned"
Ben Benita replied to Steven Pawera's discussion And the Dumb-Dumb award goes to.. in the group Bank of America Short Sales"Keep in mind the average length of employemtn for negotiators is 2 to 4 months before they are long gone......can you blame them?
Most are on Facebook, playing video games, or looking at dirty pictures when you call them.....last thing most of them…"
Joy Baker replied to Steven Pawera's discussion New Procedures: comply - or watch your file die in the group Bank of America Short Sales"That's what they should have named the Short Sale Presentation Series they're doing..."COMPLY OR DIE"...LOL"
Steven Pawera added a discussion to the group Bank of America Short SalesNew Procedures: comply - or watch your file die
Nothing original, just sharing info from Bank of America in their Los Angeles area SS presentations last week (this info and forms is available at realestateagent.bankofamerica.com):Before April 13, you must complete the Submit Short Sale Offer, Upload Offer Documents and Upload Supporting Documents tasks in Equator for all short sales submitted with an offer. Your file may be declined if these tasks are not completed prior to April 13. Starting April 14, Five documents will be required for…See More
Steven Pawera replied to Steven Pawera's discussion And the Dumb-Dumb award goes to.. in the group Bank of America Short Sales"I have to be honest:
it's a lot more fun to bag on BofA than commend them for getting better.
My last short sales have been a breeze. No questons on value or the offer, not even a counter offer from them. By contrast, has anyone…"
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Los Angeles, Culver City, Santa Monica, Beverly Hills
- Short Sale Designations and/or Special Training
- SFR (Short Sales and Foreclosures Resource), Harris University Training (Of Some Kind)
- 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?
- not yet :)
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- I started focusing all my attention on short sales around September of 2007 at the venerable firm of Coldwell Banker because the writing on the wall wasn't really that hard to read (unless you believe in NAR or CAR hype).
The SFR designation is a joke. Tim Harris' trainings are always spot on.
Additionally, I am a big fan of the Chapmans (Sean, and Ryan and Trent) and Lee Honish (only for those who view short sales as a full contact/take no prisoners sport), Josh Cantwell and Greg Clements, and Jeff Watson and Ron Ballard. Of course I can't leave out Chris McLaughlin and Nathan Jurewitz.
The bottom line is, whether it is because I like the feeling of knowing I can get a homeowner out of their problem, or whether I just have a dysfunctional need to always win and be right, I put more into short sales than I did as a CPA. While real estate requires only the most minimal of training, the continuing education component of working in short sales is constant.
Is a one hour webinar worth the time if you know 99% of what was presented? It really depends how good that one new idea is. :)
Last thought:
Seriously, who put 'country' as a question in this sign up form? Could there really be that many other countries (Canada perhaps? The U.K?) where they are doing short sales? Could speaking English be a root cause of the problems that created short sales? :)
- Put in todays date! This is to help stop spammers!
- July 13, 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!
- I AGREE
Steven Pawera's Blog
Headline: A national standard for servicers — stupid
Posted on June 6, 2011 at 2:21pm 0 Comments 1 Like
This headline grabbed my attention - and made me laugh out loud.
http://www.housingwire.com/2011/06/03/a-national-standard-for-servicers-%E2%80%93-stoopid
Beyond that, if you weren't aware of it, I find Housing Wire a valuable resource for keeping up to the minute.
Sign up for their email notifications.
'No Record' of Trustees Sale Number?
Posted on April 21, 2011 at 6:19pm 2 Comments 1 Like
Has anyone experienced after an NOD is issued,and your working on the short sale, when you go to check the status at the trustee's sale info line or on their website and enter the TS #, 'no record found'?
It's been happening more frequently to me. I just wonder where the number goes. Is it lawful to then record a NTS - if the trustee was acting like there was no NOD?
Comment Wall (4 comments)
- At 4:27pm on June 29, 2011,
Stacie A. Kramer said… - I called and left a message. I posted a message to the group and got your request and comment. I then went directly to your profile, because I can never find the post that I put up on the groups. I don't know how to do that. It's kinda confusing. Thanks for your help and I'll see where this takes me.
- At 3:43pm on June 29, 2011, Stacie A. Kramer said…
- Well, Steve, I called that number and it gave me a new number. When I called that number, it was just tech support. Thanks, anyway. I have contacted just about everyone I can to get this thing done.
- At 2:04pm on June 28, 2011,
Sharon Tukay said… - Hey Steve! Thanks for the feedback regarding the BofA meeting in DTLA. I'll be attending the webinar tonight too .. thanks for the invite! You're a funny guy and no .. you're not friendless :D
- At 1:02pm on June 8, 2011, Sharon Tukay said…
Hi Steve. I wanted to know if you went to the BofA event today in LA. I was going to go but didn't want to risk driving downtown if I wasn't registered. If you did go .. Let me know .. would love to hear what happened. Thanks! sharon@sharontukay.com
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