[urbanrealtor]

Easy.
Get an agent experienced in shorts and have them list it and there you go.

It usually does not actually have to go on the MLS.

Note:
sdr and I are experienced in shorts but you can find loads of other reputable short agents. We aren’t here to harvest clients. I recommend AGAINST going with a large short sale factory type agent.

The point is that time is of the essence here.

There won’t be any trouble stalling the repo date as long as the bank knows that there is a short sale happening.

Very rarely a bank will refuse a short just because they don’t want to reschedule but generally larger banks are very happy to put it off.

And everyone wins:

You: If the bank approves the short sale, you get the property.

Seller: They get to stay there for free until the approval gets processed (usually a few months)

The bank: They don’t have to repo another property (which is actually very expensive to do) and instead get the money.

But seriously, Step 1 is getting an agent to stall the repo date. If you really feel brave you can try it yourself. Most agents find it really difficult and irksome. It is not for the faint of heart.

[urbanrealtor]

Easy.
Get an agent experienced in shorts and have them list it and there you go.

It usually does not actually have to go on the MLS.

Note:
sdr and I are experienced in shorts but you can find loads of other reputable short agents. We aren’t here to harvest clients. I recommend AGAINST going with a large short sale factory type agent.

The point is that time is of the essence here.

There won’t be any trouble stalling the repo date as long as the bank knows that there is a short sale happening.

Very rarely a bank will refuse a short just because they don’t want to reschedule but generally larger banks are very happy to put it off.

And everyone wins:

You: If the bank approves the short sale, you get the property.

Seller: They get to stay there for free until the approval gets processed (usually a few months)

The bank: They don’t have to repo another property (which is actually very expensive to do) and instead get the money.

But seriously, Step 1 is getting an agent to stall the repo date. If you really feel brave you can try it yourself. Most agents find it really difficult and irksome. It is not for the faint of heart.

[urbanrealtor]

[quote=HLS]”While many here think he is nuts (honestly the reason I don’t send him clients is his personality), he is genuinely well-educated and intelligent with regard to borrowing”

Urban, am I to take that as some sort of compliment ? I must have missed the poll that determined many on the site think that I am nuts.
(I have been told that I’m nuts for being honest with people)

We have never met and I don’t think that we have ever had a conversation, so I wonder how you know what my personality is. I’m not sure what your motivation is, and not much bothers me, but your comments are awful close to libel.[/quote]

With regard to your capability, I mean what I say.

How you take that is really up to you.

To my knowledge we have never spoken verbally.
We have interacted by email a couple of times.

My comment about nuttiness (or chewiness for that matter) were meant playfully.

It refers to your rants about Barney Frank, government intervention, upside down borrowers and whatever topic you feel like going off about. For the most part, I generally agree with your points. The delivery of them (eg: citing a (yet crazier) blogger endorsing Frank being jailed because the blogger disagrees with him) is what I am referring to as “nuts”.

Thats my opinion. You are not required to agree. With regard to your professional insights, I find them compelling.

I don’t really think that expressing my opinion (even playfully) in this regard is libelous but hey, feel free to contact a lawyer if you see fit.

It certainly is your prerogative to spend money and make this into public record.

[urbanrealtor]

[quote=HLS]”While many here think he is nuts (honestly the reason I don’t send him clients is his personality), he is genuinely well-educated and intelligent with regard to borrowing”

Urban, am I to take that as some sort of compliment ? I must have missed the poll that determined many on the site think that I am nuts.
(I have been told that I’m nuts for being honest with people)

We have never met and I don’t think that we have ever had a conversation, so I wonder how you know what my personality is. I’m not sure what your motivation is, and not much bothers me, but your comments are awful close to libel.[/quote]

With regard to your capability, I mean what I say.

How you take that is really up to you.

To my knowledge we have never spoken verbally.
We have interacted by email a couple of times.

My comment about nuttiness (or chewiness for that matter) were meant playfully.

It refers to your rants about Barney Frank, government intervention, upside down borrowers and whatever topic you feel like going off about. For the most part, I generally agree with your points. The delivery of them (eg: citing a (yet crazier) blogger endorsing Frank being jailed because the blogger disagrees with him) is what I am referring to as “nuts”.

Thats my opinion. You are not required to agree. With regard to your professional insights, I find them compelling.

I don’t really think that expressing my opinion (even playfully) in this regard is libelous but hey, feel free to contact a lawyer if you see fit.

It certainly is your prerogative to spend money and make this into public record.

[urbanrealtor]

[quote=HLS]”While many here think he is nuts (honestly the reason I don’t send him clients is his personality), he is genuinely well-educated and intelligent with regard to borrowing”

Urban, am I to take that as some sort of compliment ? I must have missed the poll that determined many on the site think that I am nuts.
(I have been told that I’m nuts for being honest with people)

We have never met and I don’t think that we have ever had a conversation, so I wonder how you know what my personality is. I’m not sure what your motivation is, and not much bothers me, but your comments are awful close to libel.[/quote]

With regard to your capability, I mean what I say.

How you take that is really up to you.

To my knowledge we have never spoken verbally.
We have interacted by email a couple of times.

My comment about nuttiness (or chewiness for that matter) were meant playfully.

It refers to your rants about Barney Frank, government intervention, upside down borrowers and whatever topic you feel like going off about. For the most part, I generally agree with your points. The delivery of them (eg: citing a (yet crazier) blogger endorsing Frank being jailed because the blogger disagrees with him) is what I am referring to as “nuts”.

Thats my opinion. You are not required to agree. With regard to your professional insights, I find them compelling.

I don’t really think that expressing my opinion (even playfully) in this regard is libelous but hey, feel free to contact a lawyer if you see fit.

It certainly is your prerogative to spend money and make this into public record.

[urbanrealtor]

[quote=HLS]”While many here think he is nuts (honestly the reason I don’t send him clients is his personality), he is genuinely well-educated and intelligent with regard to borrowing”

Urban, am I to take that as some sort of compliment ? I must have missed the poll that determined many on the site think that I am nuts.
(I have been told that I’m nuts for being honest with people)

We have never met and I don’t think that we have ever had a conversation, so I wonder how you know what my personality is. I’m not sure what your motivation is, and not much bothers me, but your comments are awful close to libel.[/quote]

With regard to your capability, I mean what I say.

How you take that is really up to you.

To my knowledge we have never spoken verbally.
We have interacted by email a couple of times.

My comment about nuttiness (or chewiness for that matter) were meant playfully.

It refers to your rants about Barney Frank, government intervention, upside down borrowers and whatever topic you feel like going off about. For the most part, I generally agree with your points. The delivery of them (eg: citing a (yet crazier) blogger endorsing Frank being jailed because the blogger disagrees with him) is what I am referring to as “nuts”.

Thats my opinion. You are not required to agree. With regard to your professional insights, I find them compelling.

I don’t really think that expressing my opinion (even playfully) in this regard is libelous but hey, feel free to contact a lawyer if you see fit.

It certainly is your prerogative to spend money and make this into public record.

[urbanrealtor]

[quote=HLS]”While many here think he is nuts (honestly the reason I don’t send him clients is his personality), he is genuinely well-educated and intelligent with regard to borrowing”

Urban, am I to take that as some sort of compliment ? I must have missed the poll that determined many on the site think that I am nuts.
(I have been told that I’m nuts for being honest with people)

We have never met and I don’t think that we have ever had a conversation, so I wonder how you know what my personality is. I’m not sure what your motivation is, and not much bothers me, but your comments are awful close to libel.[/quote]

With regard to your capability, I mean what I say.

How you take that is really up to you.

To my knowledge we have never spoken verbally.
We have interacted by email a couple of times.

My comment about nuttiness (or chewiness for that matter) were meant playfully.

It refers to your rants about Barney Frank, government intervention, upside down borrowers and whatever topic you feel like going off about. For the most part, I generally agree with your points. The delivery of them (eg: citing a (yet crazier) blogger endorsing Frank being jailed because the blogger disagrees with him) is what I am referring to as “nuts”.

Thats my opinion. You are not required to agree. With regard to your professional insights, I find them compelling.

I don’t really think that expressing my opinion (even playfully) in this regard is libelous but hey, feel free to contact a lawyer if you see fit.

It certainly is your prerogative to spend money and make this into public record.

[urbanrealtor]

[quote=Adebisi]ur,

Thanks for explaining that. Let’s hear more about this emotional instability. Does he frequently become irate when asked questions?[/quote]
I think I have said enough on that front.

[urbanrealtor]

[quote=Adebisi]ur,

Thanks for explaining that. Let’s hear more about this emotional instability. Does he frequently become irate when asked questions?[/quote]
I think I have said enough on that front.

[urbanrealtor]

[quote=Adebisi]ur,

Thanks for explaining that. Let’s hear more about this emotional instability. Does he frequently become irate when asked questions?[/quote]
I think I have said enough on that front.

[urbanrealtor]

[quote=Adebisi]ur,

Thanks for explaining that. Let’s hear more about this emotional instability. Does he frequently become irate when asked questions?[/quote]
I think I have said enough on that front.

[urbanrealtor]

[quote=Adebisi]ur,

Thanks for explaining that. Let’s hear more about this emotional instability. Does he frequently become irate when asked questions?[/quote]
I think I have said enough on that front.

[urbanrealtor]

[quote=Adebisi][quote=urbanrealtor]
You (adebisi) just really seem to want to mix it up with pros here in a disrespectful way.
[/quote]

I asked HLS two questions:
(1) Do you disclose your commission for selling a mortgage?
(2) How do those commission rates compare to FHA?

Instead of just answering my questions, HLS went ballistic and called me a jerk and a fool. I consider HLS’s behavior to be far from ‘pro’fessional and I don’t see how those two questions are disrespectful.[/quote]
1: Between ethical guidelines and law, he has to.
He has a reputation for professionalism, honesty and emotional instability. I don’t think he would go out of his way to undermine his rep (especially for a small increase in pay).
2: Its not “his commission” vs. “FHA commission”.
It is how well he gets paid between the 2 products (fha vs. (I am assuming) conventional).
The reality is that his commission can be paid on the back or front and either can mean zero loan commission to buyer.

[urbanrealtor]

[quote=Adebisi][quote=urbanrealtor]
You (adebisi) just really seem to want to mix it up with pros here in a disrespectful way.
[/quote]

I asked HLS two questions:
(1) Do you disclose your commission for selling a mortgage?
(2) How do those commission rates compare to FHA?

Instead of just answering my questions, HLS went ballistic and called me a jerk and a fool. I consider HLS’s behavior to be far from ‘pro’fessional and I don’t see how those two questions are disrespectful.[/quote]
1: Between ethical guidelines and law, he has to.
He has a reputation for professionalism, honesty and emotional instability. I don’t think he would go out of his way to undermine his rep (especially for a small increase in pay).
2: Its not “his commission” vs. “FHA commission”.
It is how well he gets paid between the 2 products (fha vs. (I am assuming) conventional).
The reality is that his commission can be paid on the back or front and either can mean zero loan commission to buyer.

[urbanrealtor]

[quote=Adebisi][quote=urbanrealtor]
You (adebisi) just really seem to want to mix it up with pros here in a disrespectful way.
[/quote]

I asked HLS two questions:
(1) Do you disclose your commission for selling a mortgage?
(2) How do those commission rates compare to FHA?

Instead of just answering my questions, HLS went ballistic and called me a jerk and a fool. I consider HLS’s behavior to be far from ‘pro’fessional and I don’t see how those two questions are disrespectful.[/quote]
1: Between ethical guidelines and law, he has to.
He has a reputation for professionalism, honesty and emotional instability. I don’t think he would go out of his way to undermine his rep (especially for a small increase in pay).
2: Its not “his commission” vs. “FHA commission”.
It is how well he gets paid between the 2 products (fha vs. (I am assuming) conventional).
The reality is that his commission can be paid on the back or front and either can mean zero loan commission to buyer.

[Author]

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