Terry L. Osburn, SFR
  • Walnut Creek, CA
  • United States
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Terry L. Osburn, SFR's Discussions

Bush Debt Mortgage Relief Act Extension to 2013?

Started this discussion. Last reply by Terry L. Osburn, SFR Jan 2, 2013. 4 Replies

It appears that the Bush Debt Mortgage Relief Act was passed by senate and is part of the PDF…Continue

Tags: Act, Extension, Relief, Debt, Mortgage

Dept of Real Estate in California cracking down on the "Short Sale Experts"

Started this discussion. Last reply by Joseph C. Alfe Oct 20, 2010. 18 Replies

Went to legal update seminar.  California DRE is cracking down on the various claims and certifications of short sale "experts". Agents crossing the line and providing "legal" consult.  Telling…Continue

My issues have not been with sellers and/or their lenders.....it is the buyers lenders and/or their agents.......

Started this discussion. Last reply by Terry L. Osburn, SFR Oct 7, 2010. 13 Replies

I have been so frustrated in the past months.....Not with the sellers lenders...It has been entirely with either the buyers lenders and /or the buyers agents. I totally understand the new guidelines…Continue

How many of you are getting pressured to let buyers in before escrow closes?

Started this discussion. Last reply by Terry L. Osburn, SFR Aug 27, 2010. 6 Replies

I am sure this is not just happening here but many areas where the buyers are pushing to take occupancy prior to close of escrow.....While I can understand their frustration and dilemma, this  is not…Continue

 

Terry L. Osburn, SFR's Page

Latest Activity

Terry L. Osburn, SFR replied to Terry L. Osburn, SFR's discussion Bush Debt Mortgage Relief Act Extension to 2013?
"Need to do some more investigating with that. I hope they follow suit.  "
Jan 2, 2013
Edwin Baloloy replied to Terry L. Osburn, SFR's discussion Bush Debt Mortgage Relief Act Extension to 2013?
Jan 2, 2013
Edwin Baloloy replied to Terry L. Osburn, SFR's discussion Bush Debt Mortgage Relief Act Extension to 2013?
"What about on the State level? Specifically California...anyone?"
Jan 2, 2013
Mike Linkenauger replied to Terry L. Osburn, SFR's discussion Bush Debt Mortgage Relief Act Extension to 2013?
"As long as it passes congress, it looks like it is extended for the next two years!!"
Jan 2, 2013
Terry L. Osburn, SFR posted a discussion

Bush Debt Mortgage Relief Act Extension to 2013?

It appears that the Bush Debt Mortgage Relief Act was passed by senate and is part of the PDFhttp://politicalticker.blogs.cnn.com/2013/01/01/latest-updates-house-readies-for-fiscal-cliff-vote/that was presented to Congress to vote.I would like to see confirmation of this.... But it does appear to be extended...This whole fiscal cliff thing has been so complicated.........Anyone else…See More
Jan 2, 2013
Terry L. Osburn, SFR commented on Luanne Bean's blog post Seller Vandalizing Property in Short Sale
"Our purchase contracts are very clear house is to be presented in same condition as when buyer made offer UNLESS there was some written contractual terms otherwise. Frankly if he is doing this to property it is hard to say what else may have been…"
Jun 2, 2012
Terry L. Osburn, SFR replied to Mike Linkenauger's discussion HAFA government short sale program Successes and Failures in the group HAFA Short Sale Program
"I found HAFA to be a joke. While I have had some success with HAFA, I have found traditional short sale to move along faster and without as many quirks. I just closed short sale with AHMSI, (NOT a SSSN referral)had the sellers write letter up front…"
Apr 1, 2012
Terry L. Osburn, SFR commented on Brian Curtis's blog post Short sale home with an FHA loan - Negotiator says no seller concessions
"Typically I have not had issues with 3% closing costs back on FHA. I have not encountered a 1 % rule."
Feb 27, 2012
Terry L. Osburn, SFR joined Cheri Smith's group
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AHMSI Short Sales

Guide for Short sale transactions with American Home Mortgage Servicing Inc (AHMSI) and short sale programs
Jan 30, 2012
Terry L. Osburn, SFR replied to Jennie Blackburn, Realtor, CDPE,'s discussion Servicing Company Using Bogus Subcontractor To Skim 1% For Themselves?! in the group CDPE Members
"Great comeback Chris....will keep this in my arsenal..."
Jan 17, 2012
Terry L. Osburn, SFR joined Peggy J. Wheaton's group
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CDPE Members

This is a group for members of The Short Sale Specialist Network who have earned the CDPE (Certified Distressed Property Expert) designation.
Jan 17, 2012
Terry L. Osburn, SFR updated their profile
Jan 2, 2012
Terry L. Osburn, SFR replied to Joyce Annette Vineyard's discussion Bank Of America Is Foreclosuring? in the group Bank of America Short Sales
"Angela hit it pretty square on the nose. One-Do not try to make reason of bank's policies or investor policies....... Two-While cash may hold precedent within some circles and deals if that all cash offer is so ridiculous , which many have…"
Dec 14, 2011
Terry L. Osburn, SFR commented on Chris B Johnson CDPE,SFR,HAFA's blog post Bank of America has Posted NEW Short Sale Escalation Guidelines-NOT FOR PUBLIC DISTRIBTION!!!!!!
"Twice, on two separate escrows, there was a glitch on the BofA side where something was not activiated to allow communications between me and the negotiator. One was a year or so ago, the most recent last month. After various attempts and calls to…"
Nov 14, 2011
Terry L. Osburn, SFR replied to Mike Linkenauger's discussion TESTIMONIALS - Share them here! in the group Preferred Partners
"Another SSSN short sale referral  closing....over one year later and up to 7 buyers finally closed! I have had several leads and several closings with SSSN....a great resource for short sale leads."
Nov 10, 2011
Terry L. Osburn, SFR commented on Mike Linkenauger's blog post Has The Real Estate Market Stabilized?
"True recovery will NOT take place until the JOBS come back.....Stability cannot occur until JOBS are available.  We will see more housing woes as those presently employed start losing hours and/or benefits and/or jobs are completely…"
Oct 19, 2011

Profile Information

Occupation
Real Estate Broker
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Contra Costa, Alameda and Solano Counties in California.
Walnut Creek, Pleasant Hill, Lafayette, Martinez, Concord, Clayton, Pleasanton, Danville, Alamo, Dublin, San Ramon, Pittsburg, Antioch, Brentwood, Oakley, Orinda, Moraga, El Cerrito, El Sobrante, Benica, Vallejo, Berkeley, Albany,Oakland, Hayward, Alameda
Website
http://iSELLeastbayrealestate.net
Short Sale Designations and/or Special Training
CSSG (Certified Short Sale Guide), SFR (Short Sales and Foreclosures Resource), CDPE (Certified Distressed Property Expert), Equator Certified, HRC (Home Retention Consultant)
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?
no
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Full time Broker Associate. Licensed since 1999. Successfully listing and co-listing with Catherine Myers short sales for over 2.5 yrs.
Our success rate has been extremely high. We are committed to reduce the deficit as much as possible for our sellers in their particular market. We provide resources for our clients to make decisions, we are NOT attorneys and will never provide legal advice. We encourage all of our client to seek advice for a real estate tax attorney and /or CPA prior to making any decisions in regards to short selling their homes. REOTrans GOLD Certified Foreclosure and Short Sales and SFR(Short SALE FORECLOSURE RESOURCE CERTIFIED by NAR) Certified HAFA Specialist
Work with qualified buyers in finding homes whether distressed properties and/or regular sales.
Put in todays date! This is to help stop spammers!
July 27, 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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Terry L. Osburn, SFR's Blog

Just closed BofA short sale that had gotten lost on Equator....

Posted on May 3, 2010 at 1:50pm 0 Comments

This past week put to rest a short sale that was lost on Equator , had to bring BofA office of the president in and was still sent to trustee sale in March, fortunately postponed at last minute, re instated purchase offer

and finally closed last week.

This one started in early december.

I will say once I was able to get it to another negotiator BofA did work with us to move things along.

This was a short sale that had been tried a year or so earlier with another…

Continue

Never give up.........You never know when your Hail Mary pass will work........

Posted on March 29, 2010 at 11:53pm 2 Comments

A few weeks ago I had a BofA short sale originally started on Equator go south really fast.

In fact , I was continually told all was well when in fact it was not.

I had escalated twice and then brought in the office of the president.

At first it seemed like they could help. Then they said no it was going to trustee sale and denied.

this past friday I received approval letters from the 1st and 2nd and escrow was opened today.

I threw another Hail Mary…

Continue

So you find a short sale will be in your best interest...

Posted on March 15, 2010 at 10:40pm 3 Comments

You have investigated your options and have touched base with a real estate tax attorney and/or CPA.

It appears short sale will be your best option.

What's next?

Make sure you have already communicated with the bank that your intent is to perform a short sale.

Find an experienced Agent who has a proven track of short sale experience. Certifications and designations does not always make for a seasoned agent even though many of the…

Continue

BofA went south.........

Posted on March 15, 2010 at 10:26pm 2 Comments

I have closed many short sales with BofA. In December I had my first one for Equator. I took this listing over after another agent who had it listed and brought in an offer was denied short sale. There was several months separation in between the time I took it over and the original first short sale denial. The investor denied a $289000 offer at that time. It is a condo. Complex has history of several defaults.

Make a long story short, there was several glitches in my…

Continue

Comment Wall (3 comments)

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Join Short Sale Specialist Network

At 10:06pm on April 18, 2011, Sharon Tukay said…
Thanks for adding me!
At 12:51pm on July 31, 2010, Mike Linkenauger gave Terry L. Osburn, SFR a gift
At 9:20pm on March 30, 2010, Mike Linkenauger said…
Thanks for your contributions Terry, I'm going to feature you for a little while...

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