Comments on: 3rd Party Negotiators – Short Sale Power Hour 03/04/10

By: Alex Bpoagent

Alex Bpoagent — Sat, 03 Apr 2010 02:27:02 +0000

Great little speech, hope the values will go up.

By: Barbara Klein

Barbara Klein — Fri, 05 Mar 2010 04:47:11 +0000

Pam Martin and I from Fredicksburg’s Keller Williamsand we have been really enjoying your short sale power hour. I especailly liked the BOA and CHASE power hour.

By: Keith

Keith — Thu, 04 Mar 2010 23:39:25 +0000

I have said this before and ill say it again….. I dont represent people in litigation because….well…I DONT KNOW HOW!!!!!! Do not hire the firm of Dewey Cheatham and Howe to represent you in a matter of real estate!!!!!!!!!!!!! cmon now!!!!

By: Chris Guldi

Chris Guldi — Thu, 04 Mar 2010 20:23:46 +0000

Good points all.

In Maryland (and I am sure other states) agents are not allowed to do anymore then confirm the status of the loan and the payoff amount.

Third party negotiators must be used under a law passed in 2007. Their method, and amount of compensation is also restricted by the same law.

By: Adam

Adam — Thu, 04 Mar 2010 17:05:55 +0000

I’m Glad I’m not the only one who dreams about that freaking cheer!!!

I’ve got a crazy cool escalation story to tell you guys!! It ended up with me getting a hold of the COE of Fannie Mae after talking with 8 different VPs within BofA who all shot me down and about 15 or 20 people who told me NO at Fannie Mae. I just got an email that the short sale is going through and we are closing next week!! It’s all from your classes and shortsalepowerhour.com. I truly think “outback” now and it’s thanks to you guys. I hope people really dive in to what you say here.

You tell me any 3rd party company that would go to those measures. I don’t think so.

Let’s do lunch next week! My Treat!!!!!

By: John Randall

John Randall — Thu, 04 Mar 2010 16:59:58 +0000

46:10 you guys ROCK! (but of course you already know this)

I am SO glad you brought up 3rd party negotiators. In my sister office they are having HUGE problems with 3rds. Their broker/OP ended up confronting a 3rd and found out that this particular 3rd felt NO obligation to push for a full release from the debt of the mortgage. This 3rd felt that as long as he got the deal closed it didn’t matter what happened to the client 6 months or 6 years later. Deal closed. 3rd got paid. No problem.

A fiduciary will push to get a full release from the debt and protect their client from a deficiency judgment down the road. (if at all possible)

By: Jeff Payne

Jeff Payne — Thu, 04 Mar 2010 16:23:31 +0000

I would love to see you guys get excited! This is the best video yet!

By: Coach Collard

Coach Collard — Thu, 04 Mar 2010 16:10:50 +0000

I think AttorneyNESS is an overstatement, it might have been their CDPE certification… oops, I mean their law school attendance certificate. Don’t trust em’…

Interesting QUESTION? Why does everyone put so much behind an attorney’s opinion? It’s not based on their knowledge, but based on their LEGAL stance, that SELLS the person on whether they will get sued or not. MASSIVE MIS-NOMER, and UNTRUTH!

There is ABSOLUTELY NOTHING IN THE ENTIRE UNIVERSE that qualifies an attorney to do a short sale any more than the fact that he/she does them. Same with real estate agents… as I did my 1st 10-15 short sales before I was ever an agent. There is no pre-qualifer, but there is a DE-qualifer… DISEMPOWERMENT through NON-OUTBACK THINKING!

I could go on…

By: Jennifer Klein

Jennifer Klein — Thu, 04 Mar 2010 15:39:06 +0000

Thanks for the mention guys. Love the topic today all so true, nice work.

By: Raquel Mangual

Raquel Mangual — Thu, 04 Mar 2010 14:53:55 +0000

I’m in 100% agreement with regards to third party/attorney negotiators. Part of our jobs as agents is to negotiate, so negotiation shortsales should be a natural extension of what we do. Keep up the good work guys!