"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…"
Short Sale Specialist Network
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Terry L. Osburn, SFR
- Walnut Creek, CA
- United States
- Blog Posts (4)
- Discussions (56)
- Events
- Groups (18)
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Terry L. Osburn, SFR's Groups
Terry L. Osburn, SFR's Discussions
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 0 Likes
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 0 Likes
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 0 Likes
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
Interesting situaton w BofA and Old Republic Title
Started this discussion. Last reply by Terry L. Osburn, SFR Aug 25, 2010. 6 Replies 0 Likes
Another thing to watch out for with BofA short sales....ORTC has closed 3 files with BofA within the last few months where the seller agreed to bring in some cash to the first.ORTC stated the HUD…Continue
Terry L. Osburn, SFR's Page
Latest Activity
"Typically I have not had issues with 3% closing costs back on FHA. I have not encountered a 1 % rule.
"
AHMSI Short Sales
Guide for Short sale transactions with American Home Mortgage Servicing Inc (AHMSI) and short sale programs
"Great comeback Chris....will keep this in my arsenal..."
CDPE Members
This is a group for members of The Short Sale Specialist Network who have earned the CDPE (Certified Distressed Property Expert) designation.
"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…"
"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…"
"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."
"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…"
"Just closed another one with SSSN on home in Berkeley. Chase gave my seller $30,000 to do a short sale.
Very challenging property due to its condition....closed with a FHA203K Rehab loan and all is well."
"I have closed several short sales with SSSN. Just closed another one yesterday. I have another one scheduled to close at end of month.
I have two other ones I have been working on that have been a challenge.....One of them I believe for sure will…"
"Just closed another one for SSSN! Have another one scheduled to close for SSSN the end of this month as long as the seller provides certain items for a lien. At this point it is looking good to go!"
California Realtors
Questions and Answers that pertain to the State of California ONLY. Short Sale Questions, REO Questions, Housing Market etc.See More
"Hi, Several of us were having this same discussion and have blogged and/or responded much the same concerns as you have brought forth since the news broke about this signed bill. In particular we already have many 2nd 's who do no cooperate w…"
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
- 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 0 Likes
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…
ContinueNever give up.........You never know when your Hail Mary pass will work........
Posted on March 29, 2010 at 11:53pm 2 Comments 0 Likes
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…
ContinueSo you find a short sale will be in your best interest...
Posted on March 15, 2010 at 10:40pm 3 Comments 0 Likes
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…
ContinueBofA went south.........
Posted on March 15, 2010 at 10:26pm 2 Comments 0 Likes
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…
ContinueComment Wall (3 comments)
- 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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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 0 Likes
Making sure your Realtor is on top of things
Started by Stephen Dotlich in Rants and Raves. Last reply by Sheila Vardakis 8 hours ago. 17 Replies 0 Likes
Bank of America Short Sale Incentive Relocation Assistance
Started by TeamKane Realty in Rants and Raves. Last reply by Robin Mitchell 17 hours ago. 3 Replies 0 Likes
Supreme Course rules on Quicken Case - Fee does not violate Section 8(b) of RESPA
Started by Patti Guilford in Rants and Raves. Last reply by Fred Shocklie yesterday. 2 Replies 0 Likes
What does Analysis stage mean Bank of America
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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