"@Sharon-Nope not me, I am exclusive a LA, but have you called REDC? It should only take BofA no more than a week to approve the co-op participation then the letter is sent to client and REDC, REDC can email you a copy of the letter. I have…"
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Tamilyn Simard's Groups
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Provident Funding Short Sale
Started May 4 0 Replies 0 Likes
Does anyone have a upper level escalation contact for Provident Funding? Need assistance on a file. can you email any contacts you have at…Continue
Guaranty Bank on the Second
Started Nov 18, 2010 0 Replies 0 Likes
Help Anyone, I am working a Short Sale where BofA is the first and Guaranty Bank out of Minnesota has the HELOC. My clients already are in a new home and needed to short sale this home due to…Continue
Tamilyn Simard's Page
Latest Activity
Tamilyn Simard commented on Mike Linkenauger's group Bank of America Short Sales"Sharon, who is your workgroup on the co-op ss?"
Tamilyn Simard replied to Tamilyn Simard's discussion Record Approval with Bank of America in the group Bank of America Short Sales"Danielle, you are welcome to call me at 480-775-9111 and I would be happy to talk to you about your file and help you to get the file moving forward."
Sandra Bundy replied to Tamilyn Simard's discussion Record Approval with Bank of America in the group Bank of America Short Sales"Well said Eloise. No comments makes it very difficult."
"Wow..please share the secrets as I intitiated a loan since april 25, 2012 and nothng has happened on my initiation."
Tamilyn Simard replied to Tamilyn Simard's discussion WELLS FARGO DOES WHAT ON A HAFA APPROVED SHORT SALE? in the group Wells Fargo Short Sales"Debbie, the approval letter is a demand letter from Wells Fargo and there is no language stating they can withdraw their approval at any time. it just states the final HUD must match the terms set forth herein this demand notice and final approval…"
Debbie Parkans, CDPE, CSSG, CRS replied to Tamilyn Simard's discussion WELLS FARGO DOES WHAT ON A HAFA APPROVED SHORT SALE? in the group Wells Fargo Short Sales"My question on choice is: Is Wells Fargo going to totally withdraw their approval of the short sale if the seller opts not to do the modification. I am in Arizona also and I know the form you are talking about. Also,…"
"They are correct and I think that's the next thing the lenders need to figure out quickly. If they are going to offer a Loan Mod - offer it before it goes on the market. I've had a few recently where the sellers tried and tried…"
Tamilyn Simard replied to Tamilyn Simard's discussion WELLS FARGO DOES WHAT ON A HAFA APPROVED SHORT SALE? in the group Wells Fargo Short Sales"No, I represent the seller only. Yes, I agree thank goodness we have this forum to share the challanges that come up.
A quick update my seller's are moving forward with the short sale, they do not want any further legal issues that may arise if…"
"Tamilyn - Are you on both sides of this transaction? Nothing implied, just curious for my own knowledge. This is really going to be interesting across the USA so thank goodness we have this forum and others to share our end…"
Tamilyn Simard replied to Tamilyn Simard's discussion WELLS FARGO DOES WHAT ON A HAFA APPROVED SHORT SALE? in the group Wells Fargo Short Sales"Debbie, once the seller has delivered the Arizona Approval Notice to the buyer along with the signed lender approval letter, they are legally obligated to perform.
If I had not delivered to the buyer already their approval notice, the sellers would…"
Paddy Deighan, JD PhD replied to Tamilyn Simard's discussion WELLS FARGO DOES WHAT ON A HAFA APPROVED SHORT SALE? in the group Wells Fargo Short Sales"the problem with HAFA approvals is that the home owner is giving up some of their rights. For example, they are expressly agreeing to give a Deed in Lieu if a short sale is rejected. I have clients execute a HAFA "Opt Out" document…"
Debbie Parkans, CDPE, CSSG, CRS replied to Tamilyn Simard's discussion WELLS FARGO DOES WHAT ON A HAFA APPROVED SHORT SALE? in the group Wells Fargo Short Sales"The Lender can always revoke their approval - right up until the time of close. They are not a party to our contract - their letter is a debt settlement. On the approval letters it even says it is not the final approval - that…"
"Is it something specific to Arizona that a lender cannot revoke their approval? I've seen it happen in CA."
Tamilyn Simard replied to Tamilyn Simard's discussion WELLS FARGO DOES WHAT ON A HAFA APPROVED SHORT SALE? in the group Wells Fargo Short Sales"Yeah, I am going to call them back since all of this just happened Friday. But once a short sale has been approved they can't pull the approval."
"WOW - that's a "problem"..... Does Wells know there could be damages? I would make sure Wells is absolutely clear about where the seller is with the short sale. What if Wells revokes the short sale approval?
"
Profile Information
- Occupation
- Real Estate Broker
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Maricopa County, Scottsdale, Tempe, Mesa, Gilbert, Phoenix, Peoria, Pinal County, San Tan Valley, Queen Creek, Florence
- Website
- http://www.genfinre.com
- Short Sale Transactions Completed
- 25-50
- 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?
- 25+ Million
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Designated Broker of Genesis Real Estate-3 years experience of successful Short Sale negotiations and COE's, trained by a former VP of Loss Mitigation of a major lender, do not personally believe in industry certifications due to liability issues.
- Put in todays date! This is to help stop spammers!
- October 22, 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!
- Tamilyn Simard
Comment Wall (1 comment)
- At 1:34pm on February 04, 2011, Mike Linkenauger gave Tamilyn Simard a gift…
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Forum
Are FHA loans eligible for HAFA?
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Started by Patti Guilford in Rants and Raves. Last reply by Fred Shocklie yesterday. 2 Replies 0 Likes
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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
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