"This is so funny because I have said this since my first (and last) short sale with them. They yelled at me, had me in tears....berated me. And I was like....wait a minute! I am not even the borrower, why are you treating me like…"
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GMAC promissory note, I really really need help...
Started this discussion. Last reply by Deborah Bachner Sep 19, 2010. 6 Replies 0 Likes
So we closed in June. The seller signed a $15,000 note at COE payableto GMAC. She called on Friday, the first payment was due on 9/1/10.GMAC says the account is paid and full and thus they can't…Continue
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Tara Nagelhout replied to Mike Linkenauger's discussion Bank of America $30,000 short sale relocation assistance"BofA makes me drink."
Tara Nagelhout replied to Mike Linkenauger's discussion Bank of America $30,000 short sale relocation assistance"WHY are we celebrating this??? I know some people truly have hard times. I do know this. But honestly, after 12-18 months of NOT paying a mortgage....the bank is going to then give them another $30,000?? COME ON!!!!! …"
Michael Bernier commented on Tara Nagelhout's blog post Loan Resolution Corporation and BofA"It sounds like the BOA cooperative short sale that rewards the seller $3000 upon successful closing. These are done on BOA portfolio loans. It sounds like LRC may be servicing this loan for BOA. I am curious as to what you find out, please let me…"
Sandra Bundy commented on Tara Nagelhout's blog post Loan Resolution Corporation and BofA"Hi Tara,
I think Loan Resolution Corporation is a third party negotiators and they likely want you to pay them a referral fee. They likely mail out to homeowners in bulk. Did they refer you to the buyer? If not…"
Tara Nagelhout replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"The Oregon Department of Justice does not allow us to charge a fee for negotiating the short sale."
Tara Nagelhout posted a blog postLoan Resolution Corporation and BofA
I am in the middle of listing a short sale, the loan is with BofA. However, in the mail the seller received a letter from LRC and it offers an incentive. I called and spoke with the person on the letter and he said they generally tell the owner to find a Realtor and list the property. He wasn't very specific with what happens if the owner doesn't have one in mind, said they normally do. So....exactly who are these guys and what are the going to be doing? It seemed like I am to send the 3rd…See More
Tara Nagelhout replied to Mike Linkenauger's discussion Bank of America BULK Short Sale Assignments"Exactly. I love it when somebody else says what i was trying to say but does it so much better."
Rick Devine left a comment for Tara Nagelhout"Sorry but nothing in the world is fair. Doing bpo's is not even fair. Most of them will not ever give you listings I did 2 today from a company that does. How did I learn of which ones do? Through a course at Remax. sorry if it sounded like an…"
Tara Nagelhout replied to Mike Linkenauger's discussion Bank of America BULK Short Sale Assignments"So here is the other thing...I think I might be exhausted and just at the end of my rope right now and after losing two clients to this exact scenario I am just very irritatied."
Tara Nagelhout left a comment for Rick Devine"Hi Rick
Thanks for the ad....off here in Oregon doing BPOs and trying to get over my irritation at the world not being fair. I thought it was supposed to be even steven and totally fair. Who knew?
"
Tara Nagelhout replied to Mike Linkenauger's discussion Bank of America BULK Short Sale Assignments"What company you work for has no impact on your experience. Remax has agents of every experience level, as does any other company. I see somebody drank the Koolaid at the last office meeting though. Those of us at independent…"
Tara Nagelhout replied to Mike Linkenauger's discussion Bank of America BULK Short Sale Assignments"No mocking....no mocking at all, just a lot of anger as a secondary emotion caused by frustration. These banks do not own the houses yet and they either do this or send letters to home owners with three KW agents listed on the bottom. Owners…"
Tara Nagelhout replied to Mike Linkenauger's discussion Bank of America BULK Short Sale Assignments"Oh yes...let's all run to Remax and pay outrageous desk fees and transaction splits. How absurd!"
Profile Information
- Occupation
- Realtor, Real Estate Broker
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- Lane County, Oregono
- Short Sale Transactions Completed
- 10-25
Tara Nagelhout's Blog
Loan Resolution Corporation and BofA
Posted on February 16, 2012 at 11:58pm 2 Comments 0 Likes
I am in the middle of listing a short sale, the loan is with BofA. However, in the mail the seller received a letter from LRC and it offers an incentive. I called and spoke with the person on the letter and he said they generally tell the owner to find a Realtor and list the property. He wasn't very specific with what happens if the owner doesn't have one in mind, said they normally do. So....exactly who are these guys and what are the going to be doing? It seemed like I am to send the…
ContinueComment Wall (2 comments)
- At 8:37pm on February 4, 2012, Rick Devine said…
Sorry but nothing in the world is fair. Doing bpo's is not even fair. Most of them will not ever give you listings I did 2 today from a company that does. How did I learn of which ones do? Through a course at Remax. sorry if it sounded like an ad. Shortsales are a headache and I can promise so far you are not missing anything but wasted time and gas.
- At 1:38pm on March 18, 2011, Mike Linkenauger gave Tara Nagelhout a gift…
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