All Forum Posts by: Caleb Whitney

well yes, however this homeowner wasn't being represented by the Realtor. There was no listing agreement. Now, this is one of those properties I was describing in another post about the negotiator I hire screwing me over. I'm guessing that she actually started working the file and then stopped. At that point the BPO was probably scheduled without my knowing. Not to mention it's a VA loan so 88% is hard to do without the BPO coming in super low.

Well I'm in a pickle. The offer was denied and I'm not sure how to proceed. I call back the negotiator, left message asking to postpone auction. Said that I think that they can work something out to get this property sold and not foreclosure. It is a VA or HUD house so the denial letter stated they would accept 88% of the appraisal. Unfortunetly the BPO was done a month ago and I wasn't informed by the Realtor I'm working with. I think I'm screwed on this one.

I believe he said that 4 were BOA. I'll keep you updated on how this one goes.

Has anyone been successful in doing multiple short sales for an individual? I have a guy that contacted me from my direct mail. He is interested in shorting 7 properties. That's all the info I have right now.

sorry guys, this is for a short sale. however I've already taken care of it. didn't have time to go to the title co. so I had to do it myself. wanna say thanks to Scott Hubbard. Thanks a bunch!!

I have a property going to auction on Thursday and I have all of the paperwork done except the HUD1 and I'm not that familiar with how to write it up. If you can help me please pm me.

Originally posted by Jeff And Cheray Warner:

I use this method for low volume, targeted areas and I get a great response.

Yes, I use this for targeted areas as well. The different is you are in a small area whereas I’m in an area (Phoenix) with over 4 million population.

Originally posted by Jeff And Cheray Warner:

How are the envelopes addressed? With a "hand written" letter, your envelope is going to have to match which means you need a printer that will feed envelopes (most do it one at a time) or you'll have to actually hand write on them. .

Yes it all matches. I can stack my printer with 100 envelopes and print all at once.

Originally posted by Jeff And Cheray Warner:

Labels are a dead giveaway for a mass mailing and defeat the purpose of using the yellow paper in the first place. If your mailing 75 - 100 letters at a time you know that addressing the envelopes is a major time consuming pain in the butt.

No we don’t use labels.

We are gearing up to add to other lists to mail to bringing our daily total to about 125 per day. I guess I’m going to have to import from China and buy 6 months worth at a time. Maybe it would be worthwhile to co-op that with other west coast investors?

Originally posted by Christopher W.:

Caleb, where do you find blank yellow paper that is the same weight and texture as the legal pads? The only blank yellow paper I could find is the same weight as blank white paper.

I haven't found that. I am using regular yellow paper. Same as white, just yellow. I want to use legal pad type paper but 1) I'm not sure how that feeds into the printer and 2) the cost has to be astronomical.

Ok, so I was under the impression that this "tutorial" was going to show me how to actually print the lines onto the blank yellow paper. So what you do is purchase lined yellow paper. Ok, so that changes everything. Now my question is where in the heck do you find bulk lined yellow paper? I am not going to purchase legal pads, rip the paper off and feed that through my printer when I send out 75-100 per day.

Originally posted by Scott Hubbard:

Most of the time lenders will not agree to them especially in the investor scenario where your seeking a large discount.

I think that I'll set up anothier LLC and have that LLC be the negotiator. That way it breaks it apart from the LLC buying the property.