Short Sale Pros

Professionals Working Short Sales

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A place where all agents and affiliates are welcome and encouraged to share their experiences with short sales.

Latest Activity

Provide proof of why you need to extend it. Letter from lender, appraiser..etc. They are usually understanding IF YOU HAVE AN OFFER. Otherwise, get an offer!
18 hours ago
Bank of America Tactics to get short sales completed.
19 hours ago
Hello Joshua- I have a question in reference to Wells Fargo. What do you do to make Wells Fargo extend/postpone the sale date from the foreclosure process?
19 hours ago
Tactics to get Wells Fargo Short Sales completed.
19 hours ago
 

Members

  • Angelica Molina
  • Short Sale Packet
  • Craig Tissot
  • Julie Falen
  • Brigitte Jones
  • John Palmisano
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  • California Real Estate King
  • Mark Jones
  • Diana Endjilian
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  • Joshua Jarvis
  • Larry Potter
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  • Mpls Guy
  • Vytautas
  • Daphne Peterson
  • Mark Anthony Ruiz
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  • Coastalmit
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  • Kevin Bostic
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  • Dudley Chapman

Blog Posts

Larry Potter

Good Morning

Thanks for making the connection.

Larry
http://www.reofunder.com
Home of 100% Funding For RE short sales/reos

Posted by Larry Potter on September 21, 2009 at 8:34am

Brigitte Jones

BPO orders up this week

I have noticed a trend that when BPO orders flood in, REO assignments are quiet. My new REO assignments have been down the past 2 weeks but BPO work is overwhelming. If the trend is like the past year, I anticipate seeing REO actiivity picking up within the next few weeks as that is how it seems to go.I am very fortunate to have great REO clients, a solid BPO business and short sale inventory as well. When you have multiple spokes in your business model, it balances it out.

Posted by Brigitte Jones on September 4, 2009 at 3:30pm — 2 Comments

Chris Plumb

Short Sale Experiences

I want to share information on a couple of lenders I have dealt with. I don't want to sound negative, but I feel everyone should be aware of Lenders that are causing what I feel are serious issues. All parties should be aware of this before entering into a short sale contract.

Washington (aka now Chase) in 2nd position and Litton in 1st position - a loan that was originated before Chase took over Washington Mutual will cause you grief if Washington Mutual is in second position and Litton is in… Continue

Posted by Chris Plumb on September 4, 2009 at 12:25am — 2 Comments

Beth Mergens

Lenders Wise to Short Sale Flippers

Short sales are here to stay and many agents who previously wouldn’t touch them are realizing they now ARE the current market. For those of you who do not know what a short sale is I’ll briefly explain: When a lender agrees to take less than the amount owed on the loan or “short” from the buyer. The seller does not receive any money, is not liable for the difference and the buyer gets the house free of any liens. My blog today is focusing on the lenders and their perspective when it comes to app… Continue

Posted by Beth Mergens on September 3, 2009 at 8:00pm — 6 Comments

Joshua Jarvis

PMI Companies Send Short Seller To Collections

At our team meeting today it was brought to our attention that when you close these short sales, make sure you are looking at the NOTE and not just the lien. You want IN WRITING that the seller is free from any future attacks from PMI companies.

If you need special wording, then please consult with your RE Attorney or have them review it. In the case we heard about this morning, the file was actually closed properly, but the PMI company is bluffing to see if the seller will settle. No real legi… Continue

Posted by Joshua Jarvis on August 4, 2009 at 8:09pm — 2 Comments

Forum

Kevin Bostic

how long? 1 Reply

Started by Kevin Bostic. Last reply by Joshua Jarvis Oct 12.

Joshua Jarvis

BPO - Best Practices 5 Replies

Started by Joshua Jarvis. Last reply by Vytautas Oct 2.

Regina P. Brown

Join my new group, CALIFORNIA PROS

Started by Regina P. Brown Sep 4.

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