Birthday:
June 15
"BofA Needs to do something with their short sale process as its not efficient at all."
"Hello Stephen- Have you added any Realtors in Hillsborough county florida? Thanks Joe Kipping joek@gorrteam.com"
"To: AllUsers
Sent: Wed Aug 05 13:05:47 2009
Subject: FW: The saddest day of my life
Today will be the last day of operations for TB&W. I have done everything possible to try to save it, but I couldn’t. Since 1991, we have provided excellence in…"
Sent: Wed Aug 05 13:05:47 2009
Subject: FW: The saddest day of my life
Today will be the last day of operations for TB&W. I have done everything possible to try to save it, but I couldn’t. Since 1991, we have provided excellence in…"
"Not sure what the deal is with this company. But I saw another Job post that was from today that they are still looking for Agents. I'm not sure what is going on with this company. Everytime I email my AE she keeps telling me that the listing are…"
"I wonder how much they pay."
"I have done over 20 BPO's for USRES. I'm also signed up with Resnet as well. I have not received one listing. I emailed in to find out how many more BPO's will need to be done until I receive a listing and she told me that I was due for one and flag…"
I received an email to sign up with this company called BUSINESSWISEBPO.COM. I was wondering if anyone else has signed up with them or have done any BPO's for them. Any information on them would be great.
"It sounds like they found something out that triggered them to ask for the Note. Does the seller have any funds to come to the Table with? See if they will allow the selller to bring 5k if they say no go to 6k, then 7k then 8k max. Tell them the…"
"I would try to push with the Bank Agent that the seller can't and will not sign a note. Try to show the Bank Agent the Advantage of taking the short sale with no note. If that doesn't work See if the Buyers would pay a little bit more for the home.…"
"Michael who is the lender?"
"The Banks are Falling down on their Jobs because the Bank Negotiators are paid $15 dollars an hour and have 150 to 250 short sales in there pipeline at all times. They are under paid and way over worked. They simply want to be able to Approve the…"
"I had the same thing happen with Chase. I was finally able to get the Negotiator to send me a copy of his handy dandy appraisal. After looking over the appraisal I noticed that all of the comps that where used where regular sales with NO REO…"
"The Bill your referring to is The Mortgage Debt Relief Act of 2007. This Bill has to do with a Lender being able to give you a 1099 after closing for the remaining debt. It has nothing to do with a Lender trying to get you to sign a Promissory Note.…"
"I signed up with ABF over 3 months ago. This company is a Joke!! They email you and email you until you sign up and once you sign up they pull a Houdini and you can't reach them. Again this company is a BIG JOKE! Good luck everyone!"
Comments
thanks for the recent blog post but, it's really a forum vs. a blog. Can you move the post to the forum section please and delete it from the blog section. thank you.
Mike,
the offer is not the problem, we have a good offer. mgt needs this prom note from the seller or the deal is dead.
thx
Jesse Padilla
________________________________________
From: www.mikerebroker.com [mailto:mail@mikerebroker.com]
Sent: Tuesday, May 26, 2009 6:08 PM
To: Padilla, Jesse
Subject: RE: 147864xxx - CALLE AKELIA
Jesse,
We had a question, if we can get an additional 5,000 from the buyer for a sales price of 625k will that reduce the amount the seller would have to pay on the note??
Mike
From: Padilla, Jesse
Sent: Tuesday, May 26, 2009 1:12 PM
To: mail@mikerebroker.com
Subject: RE: 147864xxx - CALLE AKELIA
Mike, the attachment won't come until the seller agrees to the prom note.
Please let me know first thing tomorrow so that I can either submit for approval, or close out my file.
thanks!
Jesse Padilla
________________________________________
From: mail@mikerebroker.com [mailto:mail@mikerebroker.com]
Sent: Tuesday, May 26, 2009 1:10 PM
To: Padilla, Jesse
Subject: Re: 147864xxx - CALLE AKELIA
Well it not up to me. But I think there needs to be a better way to sell homes like this.
We preserve the homes, market, send the packets and attempt to sell the home for the seller an we believe that the lender appreciates this since it avoids them the cost of foreclosure.
It is apparent that this is not the case and maybe were not actually helping anybody, including the lender. We aren't really making any money doing this when you consider how long these short sales take. Its around 750 a month.
Don't know what else to say, but thank you for the update. I will talk to the homeowner tonight around 8pm and I will email you tomorrow. Did you send me an attachment of what they need to sign ig they agree?
Mike
Sent via BlackBerry by AT&T
________________________________________
From: "Padilla, Jesse"
Date: Tue, 26 May 2009 13:02:20 -0700
To:
Subject: RE: 147864xxx - CALLE AKELIA
Mike,
I don't know what to tell you at this point. Mgt has made their decision, and if the homeowner cannot accept the prom note options that I have given you, there is nothing more I can do for this file, except close it out. what would you like for me to do?
My hands are tied, and cannot go any further with this until the homeowner makes their decision....
what do you think?
Jesse Padilla
________________________________________
From: mail@mikerebroker.com [mailto:mail@mikerebroker.com]
Sent: Tuesday, May 26, 2009 12:58 PM
To: Padilla, Jesse
Subject: Re: 147864xxx - CALLE AKELIA
Well they don't.
It just seems that they want to make these deals impossible to sell.
Half of them I've had for over a year, then you get someone to talk to and this is the bs they tell you.
They are loosing that other property. Its not even listed and its underwater too.
Mike
Sent via BlackBerry by AT&T
________________________________________
From: "Padilla, Jesse"
Date: Tue, 26 May 2009 12:55:07 -0700
To:
Subject: RE: 147864xxx - CALLE AKELIA
All I can tell you is that mgt must have found something on the sellers credit report that allows them to pay back this prom note.
Jesse Padilla
________________________________________
From: mail@mikerebroker.com [mailto:mail@mikerebroker.com]
Sent: Tuesday, May 26, 2009 12:51 PM
To: Padilla, Jesse
Subject: Re: 147864xxx - CALLE AKELIA
I will ask him, but just curious why they are asking for this.
Sent via BlackBerry by AT&T
________________________________________
From: "Padilla, Jesse"
Date: Tue, 26 May 2009 12:45:32 -0700
To:
Subject: RE: 147864xxx - CALLE AKELIA
Mike,
I just got some news from mgt regarding the short sale for: "Torres".
In order for this file to continue on, and for it to have any chance of getting an approval, mgt is asking for a prom note of $16,500.
Here are the terms:
1st option: 10 year prom note, (No Interest), fixed rate, $137.50/mo, starting in aug 3rd, 2009
2nd option: 15 year prom note, (No interest), fixed rate, $91.67/mo, also starting in aug 3rd.
Please keep in mind that the homeowner must accept one of the above options to keep this file alive, otherwise the file will be closed out.
Also, after checking the credit report, I need for the sellers to give me a letter of explanation on the other mortgage that they have. . .
there is an indy mac loan, the b of a 2nd lien, and a b of a home equity( which she is current, and a line of credit available).
I need that letter as well to present to mgt, signed and dated from mr. torres.
Please advise at your earliest convenience!
thank you!
Jesse Padilla
________________________________________
From: mail@mikerebroker.com [mailto:mail@mikerebroker.com]
Sent: Wednesday, May 20, 2009 12:44 PM
To: Padilla, Jesse
Subject: Re: 147864xxx - CALLE AKELIA
Ok I will let them know.
Thx
Sent via BlackBerry by AT&T
________________________________________
From: "Padilla, Jesse"
Date: Wed, 20 May 2009 12:43:28 -0700
To: www.mikerebroker.com
Subject: RE: 147864xxx - CALLE AKELIA
I don't know because mgt currently has the file and they are reviewing it at this time.
maybe another 5-7 bus. days.
Jesse Padilla
________________________________________
From: www.mikerebroker.com [mailto:mail@mikerebroker.com]
Sent: Wednesday, May 20, 2009 12:09 PM
To: Padilla, Jesse
Subject: RE: 147864xxx - CALLE AKELIA
Do you have an approx so I let tell the buyers agent??
Mike
From: Padilla, Jesse
Sent: Wednesday, May 20, 2009 10:43 AM
To: www.mikerebroker.com
Subject: RE: 147864xxx - CALLE AKELIA
michael,
no word yet, but i'll let you know.
thanks!
Jesse Padilla
MLO - Loan Svcs Specialist
LP - SHORT SALE R
________________________________________
From: www.mikerebroker.com [mailto:mail@mikerebroker.com]
Sent: Wednesday, May 20, 2009 10:24 AM
To: Padilla, Jesse
Subject: 147864xxx - CALLE AKELIA
Hello Jesse,
Any word on your side? The buyers want to open escrow. Let me know .
Thanks,
Michael-Edward Cruz
Broker Owner - Realtor
Cruz Angel Realty Group
Office 877-906-7770 x 949
mail@mikerebroker.com
www.mikerebroker.com
"What would you do if you knew you could not fail"