Comments for bankshortsale.org http://bankshortsale.org all about bank short sale process and how to close the deal in days not months Tue, 14 Feb 2012 11:36:59 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on What is a good gift for our real estate broker who helped us buy a short sale home? by Classic Hostess http://bankshortsale.org/buying-a-short-sale/what-is-a-good-gift-for-our-real-estate-broker-who-helped-us-buy-a-short-sale-home/comment-page-1#comment-2092 Classic Hostess Tue, 14 Feb 2012 11:36:59 +0000 http://bankshortsale.org/buying-a-short-sale/what-is-a-good-gift-for-our-real-estate-broker-who-helped-us-buy-a-short-sale-home#comment-2092 The best gifts are ones that someone can put to good use. In keeping with the "home" nature of your relationship, why not get her something that she could use at home like some tabletop accessories or a beverage dispenser? Classic Hostess has a great selection of beverage dispensers: http://www.classichostess.com/BeverageDispensers.aspx However, I would definitely recommend the 24 Inch Apothecary Drink Dispenser. It's trendy and attractive and will definitely stand out on any table: http://www.classichostess.com/24inchetcheddrinkdispenser.aspx<br><b>References : </b><br>http://www.classichostess.com The best gifts are ones that someone can put to good use. In keeping with the "home" nature of your relationship, why not get her something that she could use at home like some tabletop accessories or a beverage dispenser? Classic Hostess has a great selection of beverage dispensers: http://www.classichostess.com/BeverageDispensers.aspx

However, I would definitely recommend the 24 Inch Apothecary Drink Dispenser. It’s trendy and attractive and will definitely stand out on any table: http://www.classichostess.com/24inchetcheddrinkdispenser.aspx
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http://www.classichostess.com

]]> Comment on What are my options for short selling a car which still has a loan balance? by liracer http://bankshortsale.org/selling-short/what-are-my-options-for-short-selling-a-car-which-still-has-a-loan-balance/comment-page-1#comment-2096 liracer Tue, 14 Feb 2012 11:30:59 +0000 http://bankshortsale.org/selling-short/what-are-my-options-for-short-selling-a-car-which-still-has-a-loan-balance#comment-2096 There is a few things you can do. First why are you behind in your payments? are they too high? are you out of work? If they are too high call the finance company and tell them what you can afford a month. They usually can extend your loan to lower your payments. If you out of work and can see yourself getting back on track in a few months ask the finance company to work with you. They can usually extend you loan and give you a few months breathing room. When all else fails they really don't want your car. You can call them and tell them you have a buyer for "X" they know what the car is worth better then you do. They, more then likely have a few repeos already at the auction and know what the going sale price is. They will, more then likley work with you and let you pay off any diference over time rather then repo the car.<br><b>References : </b><br>30+ years running fleets There is a few things you can do. First why are you behind in your payments? are they too high? are you out of work? If they are too high call the finance company and tell them what you can afford a month. They usually can extend your loan to lower your payments. If you out of work and can see yourself getting back on track in a few months ask the finance company to work with you. They can usually extend you loan and give you a few months breathing room. When all else fails they really don’t want your car. You can call them and tell them you have a buyer for "X" they know what the car is worth better then you do. They, more then likely have a few repeos already at the auction and know what the going sale price is. They will, more then likley work with you and let you pay off any diference over time rather then repo the car.
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30+ years running fleets

]]> Comment on What is in it for a bank to not allow a short sale? by Kris & Kim http://bankshortsale.org/bank-short-sale/what-is-in-it-for-a-bank-to-not-allow-a-short-sale/comment-page-1#comment-2087 Kris & Kim Tue, 14 Feb 2012 11:29:59 +0000 http://bankshortsale.org/bank-short-sale/what-is-in-it-for-a-bank-to-not-allow-a-short-sale#comment-2087 typically the banks prefer the short sale over a foreclosure. It's not that they do not want a short sale per se', the offer for the property has to make sense. The bank or lien holder will have to weigh it's option of selling the loan on the wholesale market at 50 to 60 cents on the dollar to a discount loan servicer -vs- a short sale offer that may be less. Typically, it's the agent or broker working the short sale making errors in the process that causes a home to go to foreclosure. This is only my opinion as I process numerous short sales per month and see the mistakes.<br><b>References : </b><br>www.shortsalesellit.com typically the banks prefer the short sale over a foreclosure. It’s not that they do not want a short sale per se’, the offer for the property has to make sense.

The bank or lien holder will have to weigh it’s option of selling the loan on the wholesale market at 50 to 60 cents on the dollar to a discount loan servicer -vs- a short sale offer that may be less.

Typically, it’s the agent or broker working the short sale making errors in the process that causes a home to go to foreclosure. This is only my opinion as I process numerous short sales per month and see the mistakes.
References :
http://www.shortsalesellit.com

]]> Comment on What is a good gift for our real estate broker who helped us buy a short sale home? by jewishgiftplace http://bankshortsale.org/buying-a-short-sale/what-is-a-good-gift-for-our-real-estate-broker-who-helped-us-buy-a-short-sale-home/comment-page-1#comment-2091 jewishgiftplace Tue, 14 Feb 2012 11:25:59 +0000 http://bankshortsale.org/buying-a-short-sale/what-is-a-good-gift-for-our-real-estate-broker-who-helped-us-buy-a-short-sale-home#comment-2091 Maybe a nice keychain would be appropriate, like this one: http://www.jewishgiftplace.com/Emily-Rosenfeld-Pewter-Wish-Come-True-Keychain.html Or any of these: http://www.jewishgiftplace.com/Keychains.html I like the "wish come true" because she is a realtor and that is what she does for her clients, helps them realize their dreams I guess.<br><b>References : </b><br> Maybe a nice keychain would be appropriate, like this one:

http://www.jewishgiftplace.com/Emily-Rosenfeld-Pewter-Wish-Come-True-Keychain.html

Or any of these:

http://www.jewishgiftplace.com/Keychains.html

I like the "wish come true" because she is a realtor and that is what she does for her clients, helps them realize their dreams I guess.
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]]> Comment on What is a good gift for our real estate broker who helped us buy a short sale home? by BlackThorn http://bankshortsale.org/buying-a-short-sale/what-is-a-good-gift-for-our-real-estate-broker-who-helped-us-buy-a-short-sale-home/comment-page-1#comment-2090 BlackThorn Tue, 14 Feb 2012 11:15:59 +0000 http://bankshortsale.org/buying-a-short-sale/what-is-a-good-gift-for-our-real-estate-broker-who-helped-us-buy-a-short-sale-home#comment-2090 Take her out to dinner.<br><b>References : </b><br> Take her out to dinner.
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]]> Comment on What is in it for a bank to not allow a short sale? by golferwhoworks http://bankshortsale.org/bank-short-sale/what-is-in-it-for-a-bank-to-not-allow-a-short-sale/comment-page-1#comment-2086 golferwhoworks Tue, 14 Feb 2012 11:14:59 +0000 http://bankshortsale.org/bank-short-sale/what-is-in-it-for-a-bank-to-not-allow-a-short-sale#comment-2086 no not at all. They loose as well as the borrowers on these loans. You see when requested the lender3r must do a BPO at least and also a look into the borrowers finances as well. Then even if the bank agrees to it that may not be the end. They may have to send it to any PMI company that insures the loss and then they may see where a short sale is not in the lender the borrowers and their best interest. So the PMI insurance company who may be taking a huge hit in cash and the lender taking no hit. They may not be able to work out the $ of it all<br><b>References : </b><br> no not at all. They loose as well as the borrowers on these loans. You see when requested the lender3r must do a BPO at least and also a look into the borrowers finances as well. Then even if the bank agrees to it that may not be the end. They may have to send it to any PMI company that insures the loss and then they may see where a short sale is not in the lender the borrowers and their best interest. So the PMI insurance company who may be taking a huge hit in cash and the lender taking no hit. They may not be able to work out the $ of it all
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]]> Comment on What are my options for short selling a car which still has a loan balance? by Matt T http://bankshortsale.org/selling-short/what-are-my-options-for-short-selling-a-car-which-still-has-a-loan-balance/comment-page-1#comment-2095 Matt T Tue, 14 Feb 2012 11:09:59 +0000 http://bankshortsale.org/selling-short/what-are-my-options-for-short-selling-a-car-which-still-has-a-loan-balance#comment-2095 Trade it in and get your eyeballs screwed out<br><b>References : </b><br> Trade it in and get your eyeballs screwed out
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]]> Comment on What is a good gift for our real estate broker who helped us buy a short sale home? by Jr http://bankshortsale.org/buying-a-short-sale/what-is-a-good-gift-for-our-real-estate-broker-who-helped-us-buy-a-short-sale-home/comment-page-1#comment-2089 Jr Tue, 14 Feb 2012 11:09:59 +0000 http://bankshortsale.org/buying-a-short-sale/what-is-a-good-gift-for-our-real-estate-broker-who-helped-us-buy-a-short-sale-home#comment-2089 I have always thought that the real estate broker is the one to buy you a gift. Not the other way around. They make money off of you being their client (commission) and that is why they give you a gift. It's nice that you want to give her a gift, but I am sure it is not necessary or expected. As buyers, we have always been given a gift basket or a gift card to a nice restaurant. I think you could do the same.<br><b>References : </b><br> I have always thought that the real estate broker is the one to buy you a gift. Not the other way around. They make money off of you being their client (commission) and that is why they give you a gift.

It’s nice that you want to give her a gift, but I am sure it is not necessary or expected. As buyers, we have always been given a gift basket or a gift card to a nice restaurant. I think you could do the same.
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]]> Comment on What are my options for short selling a car which still has a loan balance? by Pedro S http://bankshortsale.org/selling-short/what-are-my-options-for-short-selling-a-car-which-still-has-a-loan-balance/comment-page-1#comment-2094 Pedro S Tue, 14 Feb 2012 11:02:59 +0000 http://bankshortsale.org/selling-short/what-are-my-options-for-short-selling-a-car-which-still-has-a-loan-balance#comment-2094 trade down...go to a dealer and trade you newer car for an old one...you get lower payments for a longer time and a crappy car but it works....people never learn about $ till its too late,<br><b>References : </b><br> trade down…go to a dealer and trade you newer car for an old one…you get lower payments for a longer time and a crappy car but it works….people never learn about $ till its too late,
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]]> Comment on What is in it for a bank to not allow a short sale? by jlf http://bankshortsale.org/bank-short-sale/what-is-in-it-for-a-bank-to-not-allow-a-short-sale/comment-page-1#comment-2085 jlf Tue, 14 Feb 2012 11:00:59 +0000 http://bankshortsale.org/bank-short-sale/what-is-in-it-for-a-bank-to-not-allow-a-short-sale#comment-2085 It's a matter of judgement on the bank's part: will they lose more with a short sale than by foreclosing?<br><b>References : </b><br> It’s a matter of judgement on the bank’s part: will they lose more with a short sale than by foreclosing?
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