"I've never quite understood why the buyer should be expected to help bail the seller out by paying the processing fee. There is a lot of extra work involved in a short sale listing but any listing agent knows what he/she is walking in to…"
Realtor Short Sales Training and Resources
Wendy Smith's Groups
Wendy Smith's Discussions
Provident Funding - FreddieMac - no waiver of deficiency
Started this discussion. Last reply by Steve Trang Oct 6, 2011. 6 Replies 0 Likes
this is my first short with Provident Funding - all was great until the counter offer. the counter included $7k cash contribution from seller BUT it does not buy/include a waiver of deficiency. when…Continue
Tags: of, Deficiency, Waiver, FreddieMac, Funding
LPS to launch Short Sale Service
Started this discussion. Last reply by Jacob Swodeck Aug 29, 2010. 1 Reply 0 Likes
here's an interesting article - http://www.lpsvcs.com/NewsRoom/Pages/20100316.aspx Continue
HAMP, HAFA, OCWEN, OH MY!
Started Aug 24, 2010 0 Replies 0 Likes
here's the situation,borrowers applied for loan mod last Sept 2009house put on market for short sale Nov 2009first offer fell thru - March 2010multiple calls, faxes to Ocwen requesting HAFAanother…Continue
Franklin Credit - junior lien - killing short sale
Started this discussion. Last reply by carlos espinoza Jun 25, 2010. 6 Replies 0 Likes
HELP! Franklin Credit Management Corp just sent denial letter to the short sale - they are in 2nd position..reason for denial are: $6000 pay off too low (they are only getting $6k because this is…Continue
Gifts Received (3)
Wendy Smith's Page
Latest Activity
Wendy Smith replied to Tracie Norman's discussion Charging the Buyer a Fee to Process the Short Sale ListingWendy Smith replied to Tracie Norman's discussion Charging the Buyer a Fee to Process the Short Sale Listing"it matters for the buyers especially if they are already paying fair market value for the house and they have absolutely no control of how the short sale is handled. not all short sale agents do a good job…buyers are at the mercy of…"
Wendy Smith replied to Joan Psarros, CDPE, CRS, SFR's discussion GMAC keyed in foreclosure instead of a shortsale on credit reports"The HUD will 100% support that there was no foreclosure.
This is exactly why I send a reminder (60 days after closing) to all my short sale sellers to pull their credit reports (easily pulled for free) to be sure the short sale was reported…"
Wendy Smith replied to Deric Beckett's discussion Security Clearance issue with Wells Fargo/FHA short sale"FHA short sales are a bit different - I would contact FHA. I'll send an email to the Rep that is helping nudge Wells Fargo along on a file of mine - maybe she can suggest a name or contact....."
Mellissa Young-Ramirez left a comment for Wendy Smith"Wendy you have great idea re: making lenders do data collection. I am happy to see another Realtor speak up and admit how hard it's been on us financially and yet we work harder then ever too. I feel banks are using us as scapegoats, not the…"
Wendy Smith commented on Mike Linkenauger's group Wells Fargo Short Sales"I agree with Thom. In Florida we continue to have lots of short sales and I believe SS will be around for quite some time. Recently however, it is apparent that we Realtors are simply doing to data collection from (usually) delinquent…"
Wendy Smith replied to Judi Fiolle's discussion Anyone had experience with Short Sale Lead Finder?"I'm signed up on the free membership and did get a short sale lead. I guess they didn't have a paid member agent in the area. There are a lot of houses in this area that are under 100k, there just isn't enough commission to pay 25%…"
Wendy Smith replied to Toni Johnson's discussion Helping Hand"where are you? I will help. I'm in Florida - the Clearwater/Tampa area. Also, Mike is absolutely right - this is a great forum and there are a couple of other super resources too. Feel free to contact me offline.…"
Wendy Smith commented on Vanessa Calhoun's blog post Strategic default.....sounds good until your character is questioned...."yes Jodi - we used to call those BUY-and-BAIL...a lot of that going on years ago but the lenders have caught on to that trick. I guess I have a rather simple outlook on it all: if a person must default -(any short payoff on a note…"
Wendy Smith replied to Michael Richert, CDPE's discussion Mortgage Insurance Battle"I agree with Brett - get Radian in your corner. Are you putting the 4k on the HUD on the seller side as though it is a junior lien?"
Wendy Smith commented on Vanessa Calhoun's blog post Strategic default.....sounds good until your character is questioned...."Isn't every short sale or deed in lieu actually a strategic default? IMHO, as soon as someone makes a decision to not pay the mortgage payments as agreed, it is a strategic decision. Of course, extenuating circumstances may push the…"
Wendy Smith replied to Mike Linkenauger's discussion Titanium Solutions is shutting down!"Interesting. I heard some of the worst horror stories from homeowners during the time I worked with Titanium. Many servicers were brutal and unnecessarily rude to homeowners...."
Profile Information
- Occupation
- Realtor, Real Estate Broker
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- State = FL; Pinellas, Pasco & Hillsborough Counties; Cities: Clearwater, Palm Harbor, Crystal Beach, Ozona, Dunedin, Holiday, New Port Richey, Oldsmar, Safety Harbor, East Lake, Seminole, Largo, Trinity, Lutz, Tarpon Springs
- Short Sale Designations and/or Special Training
- CSSG (Certified Short Sale Guide), SFR (Short Sales and Foreclosures Resource), HRC (Home Retention Consultant)
- Short Sale Transactions Completed
- 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?
- previous commerical experience (shopping center mgmt 15 yrs ago)
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Shortly after moving across the state from West Palm Beach to Largo in 2003, Wendy Smith Real Estate opened it's doors and soon focused on helping homeowners facing foreclosure.
- Put in todays date! This is to help stop spammers!
- May 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!
- Wendy Smith
Comment Wall (4 comments)
- At 6:31pm on August 5, 2013, Mellissa Young-Ramirez said…
- Wendy you have great idea re: making lenders do data collection. I am happy to see another Realtor speak up and admit how hard it's been on us financially and yet we work harder then ever too. I feel banks are using us as scapegoats, not the CSRs necessarily but upper mgmnt
- At 12:53pm on September 08, 2010, Mike Linkenauger gave Wendy Smith a gift…
- At 11:52pm on August 02, 2010, Mike Linkenauger gave Wendy Smith a gift…
- At 11:51pm on August 02, 2010, Mike Linkenauger gave Wendy Smith a gift…
Forum
Short Sale Specialist in New Jersey
Started by Jill Savva in General Discussion Jan 31. 0 Replies 0 Likes
Ocwen Contacts Short Sale Package
Started by Jan Baron in Rants and Raves. Last reply by Anna Wilk Jan 14, 2016. 5 Replies 1 Like
Shellpoint Mortgage
Started by Celeste ODea in General Discussion. Last reply by Brett Goldsmith Sep 4, 2015. 3 Replies 0 Likes
Extension Fees & Closing
Started by Colleen J Couse in Rants and Raves. Last reply by Brett Goldsmith Sep 3, 2015. 1 Reply 0 Likes
American Loan Services, LLC - Staten Island, New York Corporate Contacts
Started by Alisa Bair in Help Wanted! Aug 28, 2015. 0 Replies 0 Likes
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