Addie D Scharff

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Addie D Scharff replied to Jeannie Proffitt's discussion Dispo Solutions - Premium Membership?

"I haven't gotten anything through them, except for PMH Financial (they pay fast), & Summit Valuations BPOs. SV pays as quickly as 8+ months! Not kidding. I didn't know they had a memebership option. I do Equator and RE.NET and that's it."

Addie D Scharff posted a discussion

Summit Valuations taking over 8 months to pay for BPOs

Has anyone else experience this issue? For this reason I have not been doing BPOs for them...they are through DispoSolutions.com.On Dec 22,11 I recevied an email stating payment was in the mail, but I only got ONE check, which was 8 months past due,…

Addie D Scharff replied to Addie D Scharff's discussion If anyone has a good contact for "flipper loans" please let me know...

"Will...and will mention you sent me. Thanks, Carey!"

Addie D Scharff posted a discussion

If anyone has a good contact for "flipper loans" please let me know...

...I need a source to fund short-term loans for flipper invesments in Northern California. Good credit, bad credit, anything...contact me. Thanks in advance!

Addie D Scharff commented on Jesus (Jesse) Gonzalez's blog post REOPro Launches <a href="http://www.BankOwnedHomeListings.com">www.BankOwnedHomeListings.com</a>

"Jesse, this look / sounds great! I'm going to ck it out some more, perhaps ad my current listings, BUT I'm not sure if we pay UPFRONT, or upon closing! I know you've sent lots of (DETAILED) emails...but not sure where/if this info is disclosed.…"

Addie D Scharff commented on Jose Rivas (DGRA) CDPE, SFR's blog post Title Issues with REO and Short Sales

"So frustrating, to say the least, right?
I just had a short sale on which my buyer waiting 5 month for the approvals and then on the day before the drop-dead date when we were expecting to record, title tells me there's hold up because they "just"…"

Addie D Scharff replied to Addie D Scharff's discussion Do you have a generic (Word/Exel/PDF) BPO form you can share?

"THANK YOU SO MUCH....to everyone who responded and/or emailed me a form!!! You're all Super Stars!! I've completed the 3 BPOs in just over 24hrs...we'll see what this banks decides to do!

Another agent tried selling these NEW homes with no luck.…"

Addie D Scharff replied to Addie D Scharff's discussion Do you have a generic (Word/Exel/PDF) BPO form you can share?

"Rcvd it! THANK YOU SO MUCH, JOSE!! :)
"

Addie D Scharff replied to Addie D Scharff's discussion Do you have a generic (Word/Exel/PDF) BPO form you can share?

"Great..thank you, Crystal! Hope to be of help if you ever need anything! :)
"

Addie D Scharff posted a discussion

Do you have a generic (Word/Exel/PDF) BPO form you can share?

Hi all,I need to do 3 BPOs for a bank and I don't have a general BPO form to use (since everyone provides their own), and I was wondering if maybe someone outhere might have one to share!This lender asked me to do 3 BPOs on EXPIRED listings I…

Addie D Scharff replied to Addie D Scharff's discussion FORCING preapproved buyers to get re-preapproved - who's it good for!?

"Good point, George. I did call BofA on one of their assets because they refused to even look at my buyer's offer, which I sent with an FHA loan approval. And here I thought "credit worthiness" was the only requirement to buy a home.
I called the…"

Addie D Scharff replied to Addie D Scharff's discussion FORCING preapproved buyers to get re-preapproved - who's it good for!?

"Yes, I agree, and I use my better judgment when managing my and my client's time. I'm glad you brought it up though. For me when I select homes to show my client, based on their needs, I take a lot of things into account when weeding out which…"

Addie D Scharff replied to Addie D Scharff's discussion FORCING preapproved buyers to get re-preapproved - who's it good for!?

"If you went to dept stores to buy something with your AMEX and they made it a requirement for you to apply for their card(before ringing you up), what would you say?
I sure wouldn't like it. They can ask me if I wish to do so (to "save" 10%), not a…"

Addie D Scharff replied to Addie D Scharff's discussion FORCING preapproved buyers to get re-preapproved - who's it good for!?

"I agree, John. Who do we call!? Let's get it going."

Addie D Scharff replied to Addie D Scharff's discussion FORCING preapproved buyers to get re-preapproved - who's it good for!?

"I think exercing good judgment and checking on approval letters is a good idea, which I do, but to have EVERY PRE-APPROVED buyer get ANOTHER pre-approval as a REQUIREMENT is where my issue lies.

So, I stand firm....if you require across-the-board…"

Addie D Scharff posted a discussion

FORCING preapproved buyers to get re-preapproved - who's it good for!?

I DISLIKE (and keep my buyers away) when a lender forces/insists on preapproving/qualifying an already pre-approved buyer, to even REVIEW their offer. In your view, is this a good prictice? And who benefits from this? I know of Wells Fargo and BofA…

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Comments

chris fuelling July 5, 2010 at 7:29pm

I wanted to connect with you, since we are in the same industry. I am the founder of www.TheModPost.com, a web based, private labeled software system for loan modifications and short sales. It has NPV, HAMP, and HAFA Tools...ability to auto-generate docs and more. Do you currently use web based software?
Carlos H. Silva Sr. September 27, 2009 at 7:45am

Thank you for connecting and have a great week!

Carlos
Rashida Nagarwala March 2, 2009 at 2:30pm

HI Addie,
Thank you so much dear to help me out. I greatly appreciate all the help from the bottom of my heart.
Rashida.
Jesus (Jesse) Gonzalez February 26, 2009 at 11:00am

What is really bad about the Indemnity Clause, it is most likely one of the top 3 REO companies in the country. I don't think a lot of the Realtors who are signing up are even reading the agreement. I passed it on to a couple of Attorneys and each one told me that they would strongly and emphatically implore their client agents not to enter into these agreements.

Apparently if you add this agreement with the Consumer Protection Act, it could be that the Listing Brokers could be personally liable. In other words, these agents are risking their homes, bank accounts, assets and everything based on what someone else could or could not be doing correctly!!!!!

By all intents and purposes, this is a slap in the face to Realtors and is foolish for any of us to enter into. It really scares me to think that hundreds if not thousands of Realtors across the country have or are entering into this agreement and don’t even have a clue about the Pandora’s box they just opened.

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