All Forum Posts by: Vincent Martinez

"Cancelling a Pending Trustee's Sale: A mortgage servicer must rescind or cancel any pending trustee's sale if a short sale has been approved by all parties (e.g., first lien investor, junior lienholder, and mortgage insurer as applicable), and proof of funds or financing has been provided to the lender or authorized agent. For other types of foreclosure prevention alternatives, a lender must record a rescission of a notice of default or cancel a pending trustee's sale if a borrower executes a permanent foreclosure prevention alternative. These requirements do not apply to smaller banks, and will sunset on January 1, 2018. CC 2924.11."

I have a sale date set for next Wednesday on one of my shortsale files. Does this mean that my sale date will be postponed indefinitely?

Thank you Steve and Charles for your replies. I wasn't sure, but both your replies make sense.

If a corporation has a lien recorded against a property, is the lien considered an asset for the corporation?

I don't think it's a matter of specs. Take the iPhone for example; sure there are a handful of "iPhone killers" out there that are studs on paper, but end up being duds in real life. Being a game changer is much more than who has the bigger hard drive or who can tether the best, it also has to do with a products impact on its market and on its competitors.

@Releaf's link, you'll notice that the iPad is listed first and the rest of the products are questionable if they can compete with the iPad.

And I swear I'm not as big of an Apple fanboy as I sound on this thread, just playing the devil's advocate.

I may just be too much of an optimist and too much of an Apple fan, but we'll just have to agree to disagree. I just hope you remember this post when you go in to buy an iPad whenever it may be :)

Oh and the Newton was released around the time I was starting kindergarten, so no I don't remember it.

You wouldn't stuff a book in your pocket or attach it to your arm, so why would you do it to an iPad.

That's exactly my point. The iPad doesn't replace anything because there's no other device out there that competes with it. Hence, it is a game changer.

Wow there seems to be a lot of Apple haters on here. A lot of people also felt the same way about the iPhone when it first came out, thinking it was over hyped and what not. But look at it now, it's totally revolutionized the cell phone market.

And I don't think you can compare an iPad with a netbook because they're each from two completely different markets.

I'll agree on the agent incompetence. Some agents don't fully inform their buying clients of how long the entire shortsale process can actually take. There's a big difference between shortsales listed on the MLS that are still "subject to the lender's approval" and those that are approved. The ones that are approved will close much more quickly.

The first agent to accept an order is typically how most companies do it. It's actually lead to many agents using auto-accept software to get orders before other agents. But eventually as you build rapport with the AMs they're start assigning you the BPOs and eventually REOs. Here's a few companies to get you started.
Feel free to message me if you need any more help.

ClearCapital
Old Republic
First American Residential Value View
eValuationSolutions
ProTeck
eMortgageLogic
Equator
Mainstreet
PCVMurcor
Ocwen
Goodman Dean
ResNet

Goodluck!