Battiata & Associates

[Anonymous]

It’s been about 9 months since I’ve been on this website/blog – I see this thread is still going, so I thought I would comment –

For clarification purposes:

1. Re FREE loan mods – my office is now offering FREE loan mods to San Diego Homeowners. FREE. There is no ulterior motive – simply trying to help people avoid foreclosure and give back to the community. Would you prefer we charge people the $3K-$7K that most attorneys and loan mod companies charge??

I am not singing a different tune re loan mods. You have misquoted my comments above on loan mods. I said that we get 100’s of calls per week from people who want to do loan mods, and out of those, we probably only take on 5-10%.

Why?

Because 1) we are very upfront with people as to what they can realistically hope to gain from a loan mod (i.e. no principle reduction & typically only a small & temporary reduction in their payment down to 4-5%). & 2) we are very upfront with people re whether they will qualify (many will not). For the people who want a loan mod based on realistic expectations and will qualify, we do them for FREE vs. charging them $3K-$7K.

2) Re loan mod companies being scams etc – YES – IMO most are – they tell people they can get their principle balance reduced (not going to happen 99.9% of the time) or their rate reduced down to 1-2% – (also extremely unlikely – we see 4-5% on average. These companies prey on people who are in financial distress, give them false hopes, and end up taking their $.

3) Re the posts re short sales and unethical practices – the problem with blogs and the web IMO is that individuals can make inaccurate, anonymous comments with no recourse. My office has done nothing unethical. We do lots of short sales, they take a long time, the banks dictate the terms and we can only close them as fast as the banks move – typically they take 90 days from the day we list the property to get an approval – sometimes they take less, sometimes they take more. A buyer being asked to bring in $ is not doing it to pay the agents commissions any more than it is to pay escrow or title fees or any other cost of the transaction – he is bringing it in to satisfy the lender. 1st lender wants $300K, 2nd lender wants $5K, selling costs are X amount, buyer is getting the property below market, property has multiple offers on it – if you don’t want to pay the $ amount, you do not have to buy the property.

I will probably not check this blog again for some time, but if any of you have any questions or issues with short sales or your perception of what my staff and I do, you are welcome to call my office or better yet email me through our website and I will be happy to respond.

The short sale process is a difficult one, it’s a long, frustrating process – adding to this, we often have multiple offers on short sales – everyone cannot get the property. We sell our short sales to the highest & best offer, which usually is the highest offer $ wise but sometimes may not be – there are other aspects of an offer that may make a lower $ offer a better offer for the seller to accept.

Bottom line, if you have an issue or a gripe or are just generally unhappy, either in general, or about the real estate market, short sales or real estate agents, I cannot help you with that.

On the other hand, if you have a legitimate question or concern re me, my office, my commercials, my comments re the real estate market (which I have been very honest about and have called a depreciating market for the past 4 yrs), my sales stats or anything else, call my office or better yet, email me through our website and I will be more than happy to respond.

Postings here directed at me will fall on deaf ears as I will not be here to read them or respond.

Thanks

Matt Battiata

[Anonymous]

It’s been about 9 months since I’ve been on this website/blog – I see this thread is still going, so I thought I would comment –

For clarification purposes:

1. Re FREE loan mods – my office is now offering FREE loan mods to San Diego Homeowners. FREE. There is no ulterior motive – simply trying to help people avoid foreclosure and give back to the community. Would you prefer we charge people the $3K-$7K that most attorneys and loan mod companies charge??

I am not singing a different tune re loan mods. You have misquoted my comments above on loan mods. I said that we get 100’s of calls per week from people who want to do loan mods, and out of those, we probably only take on 5-10%.

Why?

Because 1) we are very upfront with people as to what they can realistically hope to gain from a loan mod (i.e. no principle reduction & typically only a small & temporary reduction in their payment down to 4-5%). & 2) we are very upfront with people re whether they will qualify (many will not). For the people who want a loan mod based on realistic expectations and will qualify, we do them for FREE vs. charging them $3K-$7K.

2) Re loan mod companies being scams etc – YES – IMO most are – they tell people they can get their principle balance reduced (not going to happen 99.9% of the time) or their rate reduced down to 1-2% – (also extremely unlikely – we see 4-5% on average. These companies prey on people who are in financial distress, give them false hopes, and end up taking their $.

3) Re the posts re short sales and unethical practices – the problem with blogs and the web IMO is that individuals can make inaccurate, anonymous comments with no recourse. My office has done nothing unethical. We do lots of short sales, they take a long time, the banks dictate the terms and we can only close them as fast as the banks move – typically they take 90 days from the day we list the property to get an approval – sometimes they take less, sometimes they take more. A buyer being asked to bring in $ is not doing it to pay the agents commissions any more than it is to pay escrow or title fees or any other cost of the transaction – he is bringing it in to satisfy the lender. 1st lender wants $300K, 2nd lender wants $5K, selling costs are X amount, buyer is getting the property below market, property has multiple offers on it – if you don’t want to pay the $ amount, you do not have to buy the property.

I will probably not check this blog again for some time, but if any of you have any questions or issues with short sales or your perception of what my staff and I do, you are welcome to call my office or better yet email me through our website and I will be happy to respond.

The short sale process is a difficult one, it’s a long, frustrating process – adding to this, we often have multiple offers on short sales – everyone cannot get the property. We sell our short sales to the highest & best offer, which usually is the highest offer $ wise but sometimes may not be – there are other aspects of an offer that may make a lower $ offer a better offer for the seller to accept.

Bottom line, if you have an issue or a gripe or are just generally unhappy, either in general, or about the real estate market, short sales or real estate agents, I cannot help you with that.

On the other hand, if you have a legitimate question or concern re me, my office, my commercials, my comments re the real estate market (which I have been very honest about and have called a depreciating market for the past 4 yrs), my sales stats or anything else, call my office or better yet, email me through our website and I will be more than happy to respond.

Postings here directed at me will fall on deaf ears as I will not be here to read them or respond.

Thanks

Matt Battiata

[Anonymous]

It’s been about 9 months since I’ve been on this website/blog – I see this thread is still going, so I thought I would comment –

For clarification purposes:

1. Re FREE loan mods – my office is now offering FREE loan mods to San Diego Homeowners. FREE. There is no ulterior motive – simply trying to help people avoid foreclosure and give back to the community. Would you prefer we charge people the $3K-$7K that most attorneys and loan mod companies charge??

I am not singing a different tune re loan mods. You have misquoted my comments above on loan mods. I said that we get 100’s of calls per week from people who want to do loan mods, and out of those, we probably only take on 5-10%.

Why?

Because 1) we are very upfront with people as to what they can realistically hope to gain from a loan mod (i.e. no principle reduction & typically only a small & temporary reduction in their payment down to 4-5%). & 2) we are very upfront with people re whether they will qualify (many will not). For the people who want a loan mod based on realistic expectations and will qualify, we do them for FREE vs. charging them $3K-$7K.

2) Re loan mod companies being scams etc – YES – IMO most are – they tell people they can get their principle balance reduced (not going to happen 99.9% of the time) or their rate reduced down to 1-2% – (also extremely unlikely – we see 4-5% on average. These companies prey on people who are in financial distress, give them false hopes, and end up taking their $.

3) Re the posts re short sales and unethical practices – the problem with blogs and the web IMO is that individuals can make inaccurate, anonymous comments with no recourse. My office has done nothing unethical. We do lots of short sales, they take a long time, the banks dictate the terms and we can only close them as fast as the banks move – typically they take 90 days from the day we list the property to get an approval – sometimes they take less, sometimes they take more. A buyer being asked to bring in $ is not doing it to pay the agents commissions any more than it is to pay escrow or title fees or any other cost of the transaction – he is bringing it in to satisfy the lender. 1st lender wants $300K, 2nd lender wants $5K, selling costs are X amount, buyer is getting the property below market, property has multiple offers on it – if you don’t want to pay the $ amount, you do not have to buy the property.

I will probably not check this blog again for some time, but if any of you have any questions or issues with short sales or your perception of what my staff and I do, you are welcome to call my office or better yet email me through our website and I will be happy to respond.

The short sale process is a difficult one, it’s a long, frustrating process – adding to this, we often have multiple offers on short sales – everyone cannot get the property. We sell our short sales to the highest & best offer, which usually is the highest offer $ wise but sometimes may not be – there are other aspects of an offer that may make a lower $ offer a better offer for the seller to accept.

Bottom line, if you have an issue or a gripe or are just generally unhappy, either in general, or about the real estate market, short sales or real estate agents, I cannot help you with that.

On the other hand, if you have a legitimate question or concern re me, my office, my commercials, my comments re the real estate market (which I have been very honest about and have called a depreciating market for the past 4 yrs), my sales stats or anything else, call my office or better yet, email me through our website and I will be more than happy to respond.

Postings here directed at me will fall on deaf ears as I will not be here to read them or respond.

Thanks

Matt Battiata

[Anonymous]

It’s been about 9 months since I’ve been on this website/blog – I see this thread is still going, so I thought I would comment –

For clarification purposes:

1. Re FREE loan mods – my office is now offering FREE loan mods to San Diego Homeowners. FREE. There is no ulterior motive – simply trying to help people avoid foreclosure and give back to the community. Would you prefer we charge people the $3K-$7K that most attorneys and loan mod companies charge??

I am not singing a different tune re loan mods. You have misquoted my comments above on loan mods. I said that we get 100’s of calls per week from people who want to do loan mods, and out of those, we probably only take on 5-10%.

Why?

Because 1) we are very upfront with people as to what they can realistically hope to gain from a loan mod (i.e. no principle reduction & typically only a small & temporary reduction in their payment down to 4-5%). & 2) we are very upfront with people re whether they will qualify (many will not). For the people who want a loan mod based on realistic expectations and will qualify, we do them for FREE vs. charging them $3K-$7K.

2) Re loan mod companies being scams etc – YES – IMO most are – they tell people they can get their principle balance reduced (not going to happen 99.9% of the time) or their rate reduced down to 1-2% – (also extremely unlikely – we see 4-5% on average. These companies prey on people who are in financial distress, give them false hopes, and end up taking their $.

3) Re the posts re short sales and unethical practices – the problem with blogs and the web IMO is that individuals can make inaccurate, anonymous comments with no recourse. My office has done nothing unethical. We do lots of short sales, they take a long time, the banks dictate the terms and we can only close them as fast as the banks move – typically they take 90 days from the day we list the property to get an approval – sometimes they take less, sometimes they take more. A buyer being asked to bring in $ is not doing it to pay the agents commissions any more than it is to pay escrow or title fees or any other cost of the transaction – he is bringing it in to satisfy the lender. 1st lender wants $300K, 2nd lender wants $5K, selling costs are X amount, buyer is getting the property below market, property has multiple offers on it – if you don’t want to pay the $ amount, you do not have to buy the property.

I will probably not check this blog again for some time, but if any of you have any questions or issues with short sales or your perception of what my staff and I do, you are welcome to call my office or better yet email me through our website and I will be happy to respond.

The short sale process is a difficult one, it’s a long, frustrating process – adding to this, we often have multiple offers on short sales – everyone cannot get the property. We sell our short sales to the highest & best offer, which usually is the highest offer $ wise but sometimes may not be – there are other aspects of an offer that may make a lower $ offer a better offer for the seller to accept.

Bottom line, if you have an issue or a gripe or are just generally unhappy, either in general, or about the real estate market, short sales or real estate agents, I cannot help you with that.

On the other hand, if you have a legitimate question or concern re me, my office, my commercials, my comments re the real estate market (which I have been very honest about and have called a depreciating market for the past 4 yrs), my sales stats or anything else, call my office or better yet, email me through our website and I will be more than happy to respond.

Postings here directed at me will fall on deaf ears as I will not be here to read them or respond.

Thanks

Matt Battiata

[Anonymous]

It’s been about 9 months since I’ve been on this website/blog – I see this thread is still going, so I thought I would comment –

For clarification purposes:

1. Re FREE loan mods – my office is now offering FREE loan mods to San Diego Homeowners. FREE. There is no ulterior motive – simply trying to help people avoid foreclosure and give back to the community. Would you prefer we charge people the $3K-$7K that most attorneys and loan mod companies charge??

I am not singing a different tune re loan mods. You have misquoted my comments above on loan mods. I said that we get 100’s of calls per week from people who want to do loan mods, and out of those, we probably only take on 5-10%.

Why?

Because 1) we are very upfront with people as to what they can realistically hope to gain from a loan mod (i.e. no principle reduction & typically only a small & temporary reduction in their payment down to 4-5%). & 2) we are very upfront with people re whether they will qualify (many will not). For the people who want a loan mod based on realistic expectations and will qualify, we do them for FREE vs. charging them $3K-$7K.

2) Re loan mod companies being scams etc – YES – IMO most are – they tell people they can get their principle balance reduced (not going to happen 99.9% of the time) or their rate reduced down to 1-2% – (also extremely unlikely – we see 4-5% on average. These companies prey on people who are in financial distress, give them false hopes, and end up taking their $.

3) Re the posts re short sales and unethical practices – the problem with blogs and the web IMO is that individuals can make inaccurate, anonymous comments with no recourse. My office has done nothing unethical. We do lots of short sales, they take a long time, the banks dictate the terms and we can only close them as fast as the banks move – typically they take 90 days from the day we list the property to get an approval – sometimes they take less, sometimes they take more. A buyer being asked to bring in $ is not doing it to pay the agents commissions any more than it is to pay escrow or title fees or any other cost of the transaction – he is bringing it in to satisfy the lender. 1st lender wants $300K, 2nd lender wants $5K, selling costs are X amount, buyer is getting the property below market, property has multiple offers on it – if you don’t want to pay the $ amount, you do not have to buy the property.

I will probably not check this blog again for some time, but if any of you have any questions or issues with short sales or your perception of what my staff and I do, you are welcome to call my office or better yet email me through our website and I will be happy to respond.

The short sale process is a difficult one, it’s a long, frustrating process – adding to this, we often have multiple offers on short sales – everyone cannot get the property. We sell our short sales to the highest & best offer, which usually is the highest offer $ wise but sometimes may not be – there are other aspects of an offer that may make a lower $ offer a better offer for the seller to accept.

Bottom line, if you have an issue or a gripe or are just generally unhappy, either in general, or about the real estate market, short sales or real estate agents, I cannot help you with that.

On the other hand, if you have a legitimate question or concern re me, my office, my commercials, my comments re the real estate market (which I have been very honest about and have called a depreciating market for the past 4 yrs), my sales stats or anything else, call my office or better yet, email me through our website and I will be more than happy to respond.

Postings here directed at me will fall on deaf ears as I will not be here to read them or respond.

Thanks

Matt Battiata

[Anonymous]

Maybe Matt Batiatta should be calling is clients back instead of posting on a blog.

My experience with him has been almost verbatim of these other posts. I don’t think there is a lack of clarity in how he treats clients if EVERYONE has the same experience.

We were told there would be a minimum of 200 days before the bank would even be given offers, and then once they were submitted we had to send a second offer of “highest and best”. He also broke the rules when his office told another buyer what our offer was in order to drum up a bidding war.

Here is how he works:

*He lists properties a minimum of $20K under the value to drum up interest
*Gets as many offers as possible, ultimately “accepts” just a few, which he says he is submitting to the seller and bank
*Continues to take and submit more offers (in our case told a later interested party our offer so they overbid us)
*Once the short sale is approved they go back and email EVERY interested party they ever had on the property so everyone can submit a “highest and best” offer
*He tends to throw out offers that ask for any concessions
*They continue to take offers until close of escrow

His office doesn’t respond to email, and the one time they did the reply was vague and did not answer the question. These tactics ultimately cost us the house we wanted, with no recourse against him.

I work in the sales world and have NEVER encountered such UNPROFESSIONAL and UNETHICAL behavior. This man should have his license revoked.

[Anonymous]

Maybe Matt Batiatta should be calling is clients back instead of posting on a blog.

My experience with him has been almost verbatim of these other posts. I don’t think there is a lack of clarity in how he treats clients if EVERYONE has the same experience.

We were told there would be a minimum of 200 days before the bank would even be given offers, and then once they were submitted we had to send a second offer of “highest and best”. He also broke the rules when his office told another buyer what our offer was in order to drum up a bidding war.

Here is how he works:

*He lists properties a minimum of $20K under the value to drum up interest
*Gets as many offers as possible, ultimately “accepts” just a few, which he says he is submitting to the seller and bank
*Continues to take and submit more offers (in our case told a later interested party our offer so they overbid us)
*Once the short sale is approved they go back and email EVERY interested party they ever had on the property so everyone can submit a “highest and best” offer
*He tends to throw out offers that ask for any concessions
*They continue to take offers until close of escrow

His office doesn’t respond to email, and the one time they did the reply was vague and did not answer the question. These tactics ultimately cost us the house we wanted, with no recourse against him.

I work in the sales world and have NEVER encountered such UNPROFESSIONAL and UNETHICAL behavior. This man should have his license revoked.

[Anonymous]

Maybe Matt Batiatta should be calling is clients back instead of posting on a blog.

My experience with him has been almost verbatim of these other posts. I don’t think there is a lack of clarity in how he treats clients if EVERYONE has the same experience.

We were told there would be a minimum of 200 days before the bank would even be given offers, and then once they were submitted we had to send a second offer of “highest and best”. He also broke the rules when his office told another buyer what our offer was in order to drum up a bidding war.

Here is how he works:

*He lists properties a minimum of $20K under the value to drum up interest
*Gets as many offers as possible, ultimately “accepts” just a few, which he says he is submitting to the seller and bank
*Continues to take and submit more offers (in our case told a later interested party our offer so they overbid us)
*Once the short sale is approved they go back and email EVERY interested party they ever had on the property so everyone can submit a “highest and best” offer
*He tends to throw out offers that ask for any concessions
*They continue to take offers until close of escrow

His office doesn’t respond to email, and the one time they did the reply was vague and did not answer the question. These tactics ultimately cost us the house we wanted, with no recourse against him.

I work in the sales world and have NEVER encountered such UNPROFESSIONAL and UNETHICAL behavior. This man should have his license revoked.

[Anonymous]

Maybe Matt Batiatta should be calling is clients back instead of posting on a blog.

My experience with him has been almost verbatim of these other posts. I don’t think there is a lack of clarity in how he treats clients if EVERYONE has the same experience.

We were told there would be a minimum of 200 days before the bank would even be given offers, and then once they were submitted we had to send a second offer of “highest and best”. He also broke the rules when his office told another buyer what our offer was in order to drum up a bidding war.

Here is how he works:

*He lists properties a minimum of $20K under the value to drum up interest
*Gets as many offers as possible, ultimately “accepts” just a few, which he says he is submitting to the seller and bank
*Continues to take and submit more offers (in our case told a later interested party our offer so they overbid us)
*Once the short sale is approved they go back and email EVERY interested party they ever had on the property so everyone can submit a “highest and best” offer
*He tends to throw out offers that ask for any concessions
*They continue to take offers until close of escrow

His office doesn’t respond to email, and the one time they did the reply was vague and did not answer the question. These tactics ultimately cost us the house we wanted, with no recourse against him.

I work in the sales world and have NEVER encountered such UNPROFESSIONAL and UNETHICAL behavior. This man should have his license revoked.

[Anonymous]

Maybe Matt Batiatta should be calling is clients back instead of posting on a blog.

My experience with him has been almost verbatim of these other posts. I don’t think there is a lack of clarity in how he treats clients if EVERYONE has the same experience.

We were told there would be a minimum of 200 days before the bank would even be given offers, and then once they were submitted we had to send a second offer of “highest and best”. He also broke the rules when his office told another buyer what our offer was in order to drum up a bidding war.

Here is how he works:

*He lists properties a minimum of $20K under the value to drum up interest
*Gets as many offers as possible, ultimately “accepts” just a few, which he says he is submitting to the seller and bank
*Continues to take and submit more offers (in our case told a later interested party our offer so they overbid us)
*Once the short sale is approved they go back and email EVERY interested party they ever had on the property so everyone can submit a “highest and best” offer
*He tends to throw out offers that ask for any concessions
*They continue to take offers until close of escrow

His office doesn’t respond to email, and the one time they did the reply was vague and did not answer the question. These tactics ultimately cost us the house we wanted, with no recourse against him.

I work in the sales world and have NEVER encountered such UNPROFESSIONAL and UNETHICAL behavior. This man should have his license revoked.

[bookczar]

We’ve been trying to buy a home for months in this town and it’s just plain tough. My experience with Battiata’s outfit is that we placed a bid on one of his listing at 15% over asking price….nothing…no word. Then a couple of months later the firm calls for highest and best…we up the offer…we want the house in chula vista originally listed at 237K, our offer 290…still nothing…months later they ask for highest and best, so we stand pat. (Comps by the way are running 260-290 in that zip code (91910) Bottom line, the home that listed in December has still not sold. It sits vacant and Battiata’s people won’t even talk to our Realtor. As a selling agency, I’d say that I’d rather deal with any other firm than Matt’s.

[bookczar]

We’ve been trying to buy a home for months in this town and it’s just plain tough. My experience with Battiata’s outfit is that we placed a bid on one of his listing at 15% over asking price….nothing…no word. Then a couple of months later the firm calls for highest and best…we up the offer…we want the house in chula vista originally listed at 237K, our offer 290…still nothing…months later they ask for highest and best, so we stand pat. (Comps by the way are running 260-290 in that zip code (91910) Bottom line, the home that listed in December has still not sold. It sits vacant and Battiata’s people won’t even talk to our Realtor. As a selling agency, I’d say that I’d rather deal with any other firm than Matt’s.

[bookczar]

We’ve been trying to buy a home for months in this town and it’s just plain tough. My experience with Battiata’s outfit is that we placed a bid on one of his listing at 15% over asking price….nothing…no word. Then a couple of months later the firm calls for highest and best…we up the offer…we want the house in chula vista originally listed at 237K, our offer 290…still nothing…months later they ask for highest and best, so we stand pat. (Comps by the way are running 260-290 in that zip code (91910) Bottom line, the home that listed in December has still not sold. It sits vacant and Battiata’s people won’t even talk to our Realtor. As a selling agency, I’d say that I’d rather deal with any other firm than Matt’s.

[bookczar]

We’ve been trying to buy a home for months in this town and it’s just plain tough. My experience with Battiata’s outfit is that we placed a bid on one of his listing at 15% over asking price….nothing…no word. Then a couple of months later the firm calls for highest and best…we up the offer…we want the house in chula vista originally listed at 237K, our offer 290…still nothing…months later they ask for highest and best, so we stand pat. (Comps by the way are running 260-290 in that zip code (91910) Bottom line, the home that listed in December has still not sold. It sits vacant and Battiata’s people won’t even talk to our Realtor. As a selling agency, I’d say that I’d rather deal with any other firm than Matt’s.

[bookczar]

We’ve been trying to buy a home for months in this town and it’s just plain tough. My experience with Battiata’s outfit is that we placed a bid on one of his listing at 15% over asking price….nothing…no word. Then a couple of months later the firm calls for highest and best…we up the offer…we want the house in chula vista originally listed at 237K, our offer 290…still nothing…months later they ask for highest and best, so we stand pat. (Comps by the way are running 260-290 in that zip code (91910) Bottom line, the home that listed in December has still not sold. It sits vacant and Battiata’s people won’t even talk to our Realtor. As a selling agency, I’d say that I’d rather deal with any other firm than Matt’s.

[Author]

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