Thom Colby 888-391-5245
  • Palm Desert, CA
  • United States
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Latest Activity

Thom Colby 888-391-5245 commented on Sergio Saia's blog post Short sales and depression
"Aaron, there are times when we all know the seller is just "playing the game" to stay in a property at no cost for as long as they can.  BUT, there are times when we know that human being in front of us is in severe emotional distress…"
Mar 13, 2014

Thom Colby 888-391-5245 just updated their location.
(via Member Map)

Mar 6, 2014

Thom Colby 888-391-5245 just updated their location.
(via Member Map)

Mar 6, 2014
Thom Colby 888-391-5245 replied to Olesya Drozdova's discussion BofA Escalations - any goo dsuggestions? in the group Bank of America Short Sales
"Did you ask the seller if they filed BK without you knowing ?"
Mar 3, 2014
Thom Colby 888-391-5245 commented on Sergio Saia's blog post Short sales and depression
"You forgot to mention "Denial".  One of my earliest short sales was a middle-aged woman who called me as a referral from someone else.  She had lost her older sister after a very long battle with a very painful cancer…"
Feb 28, 2014
Thom Colby 888-391-5245 replied to Lisa Mull's discussion How to resolve when NO ONE wants to claim servicing of the 2nd lien.???
"It may have been sold to a "Debt Buyer".  Has the Borrower / Seller been contacted by a collector on this loan (assuming payments have stopped).  No statements received for a while?  Look at the last statement the borrower…"
Feb 28, 2014
Thom Colby 888-391-5245 replied to Rich Steffen's discussion Debt Relief Act
"Rich - If it's a California property being sold after 7/11/11, all mortgage loans became non-recourse loans no matter what "position", 1st, 2nd, HELOC, etc. - also doesn't matter if primary, secondary or NOO investment…"
Feb 28, 2014
Thom Colby 888-391-5245 commented on Mike Linkenauger's group IndyMac Onewest Short Sales
"Nationstar = "Kiss of Death""
Nov 11, 2013
Thom Colby 888-391-5245 replied to Lonnie Workman's discussion SLS lender
"SLS,,,,, Ugh....   Well, good luck with that !  Here's a Supervisor's e-mail - not sure if he's still there or not; "Richard.Parker@SLS.net"  I had a short sale with BofA as the first and SLS as the…"
Oct 18, 2013
Thom Colby 888-391-5245 commented on Tami Smith's blog post Collecting rent on a short sale
"Lawrence, I agree with you 100%.  It is foolish for any of us to take a short sale listing with a tenant in place where the property is already in default and headed towards foreclosure.  I rarely take short sale listings now because of…"
Sep 25, 2013
Thom Colby 888-391-5245 commented on Tami Smith's blog post Collecting rent on a short sale
"In CA, we have form "LID" (Landlord In Default) to be provided to and signed by the Tenant and Landlord which informs the Tenant the property is in default and what that means regarding their tenancy and under what circumstances eviction…"
Sep 25, 2013
Thom Colby 888-391-5245 commented on Tami Smith's blog post Collecting rent on a short sale
"This is not unusual and at the end of the day it's between the seller and the lender - not you.  For you, just make sure the seller includes the rent being collected as part of their income in the the short sale package.  If it were…"
Sep 25, 2013
Thom Colby 888-391-5245 replied to Sidney Kutchuk's discussion How can I get rid of Auction.com
"Mike - I suggest you remove this post as it could be perceived as "commission fixing" and anti-trust."
Aug 5, 2013
Thom Colby 888-391-5245 replied to Sidney Kutchuk's discussion How can I get rid of Auction.com
"And that's why if Nationstar is attached to - or becomes attached to any short sale I may have, I will notify the seller and cancel the Listing Agreement.  Since I do a lot of short sale negotiation for other Brokers and Agents, I tell…"
Aug 5, 2013
Thom Colby 888-391-5245 commented on Mike Linkenauger's group Wells Fargo Short Sales
"Janet - I don't disagree that WF has been pretty good to deal with in the past. But, in my market (Orange County CA) Short Sales are very much becoming a thing of the distant past. Today alone, there are over 5,000 ACTIVE listings in Orange…"
Aug 5, 2013
Thom Colby 888-391-5245 commented on Mike Linkenauger's group Wells Fargo Short Sales
"Cyndi - Walk-Away.... you really have to determine if this "fight" is worth your time, effort and the anxiety associated with it.  Short Sales are becoming even more difficult than 7 years ago when they first began."
Aug 5, 2013

Profile Information

Occupation
Real Estate Broker, Negotiator
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Orange County CA, Riverside County CA, Palm Desert, Rancho Mirage, Indian Wells, Palm Springs, Newport Beach, Aliso Viejo, Irvine, Tustin,
Website
http://www.thomcolby.com
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!
Thom Colby Properties
Put in todays date! This is to help stop spammers!
January 25, 2012
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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