All Forum Posts by: Audley Humes
Audley Humes has started 6 posts and replied 91 times.
Post: Do I need a license to negotiate short sales in Florida?
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
To negotiate Short Sales in Florida you would either have to be a Real Estate Agent or a Mortgage Broker.
Post: Anyone have or know where to get a Notice of Option Form?
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
Originally posted by Dan Walters:
Thanks in advance!
Dan Walters
Dan,
The Notice of Option definitely doesn't have anything to do with seasoning. Most Investors use it to cloud title so the homeowner can't go behind their back and work with another Investor. But if you have already built rapport with the homeowner this won't be an issue. It's also used for when the end buyer lender pulls title, they see what your intentions are for the property, which provides additional disclosure.
Post: Anyone work with Beneficial HSBC?
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
Originally posted by David Marasco:
Thanks for the feedback. I've spoken to several investors I deal with and they have a much different response as far as working with them. They seem to pursue deficiency judgements very hard. I've also found a website with consumer responses as well: We'll see what happens.
http://householdwatch.com/news/interactive/414
Post: Anyone work with Beneficial HSBC?
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
A homeowner recently contacted me to do a Short Sale on their home. The auction date is set for 10/21. The lender is Beneficial HSBC, and I've never worked with them before. Anyone familiar with this lender? Thanks in advance for any input.
Post: anyone getting BOA approvals on their short sales?
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
Originally posted by nationwidepi:
Will be available soon, but please contact me now via email for all interested as I need to know the amounts needed and when to reserve your funds.
Corry - we already spoke via phone so this message does not apply to you, nice meeting you via the phone.
Wow, that is certainly a great service. Other lenders have followied suite with the 30 day requirement. I would definitely be interested how your process works. I currently use transactional funding that's 24 hours only. Any information would be greatly appreciated.
Post: Checking in from Jacksonville, Fl
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
Originally posted by Josh Green:
Originally posted by Audley Humes:
Thanks for the welcome! The market is good here and everywhere else we invest... =). Well, in regards to investing in Short Sales anyways.. BTW, cute baby!
thanks man, you just scored extra points in my book! :wink:
Thanks!. lol
Post: Checking in from Jacksonville, Fl
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
Originally posted by nationwidepi:
Will B
Nationwide
Thanks for the wleome, I will def be in touch.
Post: Real Time Resolutions
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
Hello Scott,
I didn't think this was an option simply, because from Mitch's post Seller has no money what so ever.
"Rule#1 in negotiating is to talk to a decision maker."
This statement is very true!
Mitch, have you spoken to the Realtor about potentially having to take a cut in
commission or some how working in a Sellers Concession? What type of loan is it? (who is the investor) Is the offer the bottom line NET Litton will take? Is there PMI on the loan?
You might be able to up the payoff to RTR to $4000, while keeping the NET payoff to Litton the same, by offering a higher Gross offer.
Post: Checking in from Jacksonville, Fl
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
Hello Josh,
Thanks for the welcome! The market is good here and everywhere else we invest... =). Well, in regards to investing in Short Sales anyways.. BTW, cute baby!
Post: Real Time Resolutions
- Real Estate Agent
- Jacksonville, FL
- Posts 100
- Votes 39
Hello Mitch,
I agree with Mitsu. I would 3 way with Litton and RTR, and let the Loss Mitigator from Litton explain that RTR is only allowed to get $3,000. Have you reiterated to RTR the fact that, if the property goes to auction they will receive nothing ... so $3,000 is better than nothing. at all.
Have you tried saying homeowner will file bankruptcy if no agreement is made or maybe resubmitting a more in-depth hardship letter explaining homeowner is insolvent and it will be impossible to bring any funds to closing? That's crazy how the 2nd is asking for funds from the seller, when they will be wiped out at auction.