What to do With All the Paperwork Sent to You from the Bank

Posted on Dec 23, 2011 in FAQs, Modesto Short Sale Help | 0 comments

Hey, I’m Saul Carter here with Others Realty where we are Modesto’s leading short sale team. I wanted to talk to you today about filling out the paperwork the bank sends you. I talk to a lot of sellers that have already received something from the bank and they have filled out as much as they could and sent it off to the bank in hopes to try to get things moving. It’s not effective, don’t do it, talk to somebody who has done a multitude of short sales before sending that paperwork off. Typically the paperwork is already oriented to being in escrow or already having a...

read more

What Types Of Liens Will You Negotiate For Your Customers?

Posted on Dec 20, 2011 in FAQs, Modesto Short Sale Help | 0 comments

Thanks for joining me today; I’m Saul Carter with Others Realty. We are one of the top short sale teams in the Modesto area and we’d like to assist you with your short sale. I wanted to talk today about liens that we negotiate. Typically the liens that we negotiate are with a first or second lien. I have done negotiating on third liens, but typically they are very challenging to work with. I have also done income tax liens and judgments. I’ve gotten all of those negotiated and taken care of. The one thing that I would advise you to do when we sit down to discuss short...

read more

What Does My Short Sale Team Look Like?

Posted on Dec 18, 2011 in FAQs, Modesto Short Sale Help | 0 comments

Hi, I’m Saul Carter with Others Realty, one of Modesto’s premiere short sale teams. I’m the broker there and I wanted to talk about the groups we lean on to help us get short sales done. One of the ones obviously is a good escrow company that understands exactly how to communicate to the bank. Another thing that is good to have is a good escrow coordinator. I have a team that helps me with that because once I get a short sale is done, I’m busy with getting the short sales negotiated so I need someone to help make sure all the paperwork gets done and all that stuff on...

read more

I Won’t Take No For An Answer From Your Bank

Posted on Dec 15, 2011 in FAQs, Modesto Short Sale Help | 0 comments

Saul Carter here with Others Realty. Others Realty is one of the leading short sale teams in the Modesto area and we are here to help you with all of your short sale needs. A short sale transaction can sometimes be a challenging thing and banks can sometimes be difficult to work with. I’m here today to let you know who we escalate issues to when we come across them in a short sale. With a lot of real estate agents, when they are representing a seller in a short sale transaction, if the bank declines the price they wish to short sell the home for, the agent will just accept no for an...

read more

How Much Information Should You Disclose When Writing Hardship Letters for the Bank?

Posted on Oct 26, 2011 in FAQs, Modesto Short Sale Help | 0 comments

Hi, I’m Saul Carter here with Others Realty, and we’re one of Modesto’s leading short sale teams. I wanted to talk today about a portion of the short sale package and that is hardship letters. It’s one of the required items that the bank is going to request in order to fulfill their checklist for a short sale package. I have some ideas on what the best way to do that is, and I want all of my sellers to do it this way. There are some reasons why. First, I don’t want to over disclose in a hardship letter. Bank of America literally has a drop down box that they...

read more

Bank Statements and Short Sales

Posted on Oct 18, 2011 in FAQs, Modesto Short Sale Help | 0 comments

Hi, I’m Saul Carter with Others Realty. We’re one of Modesto’s leading short sale teams. I wanted to talk today about another section of the short sale package and that is bank statements. The bank has to fulfill their checklist, so they are going to ask for bank statements. Typically I like to provide them with a checking account because that’s where all your expenses are coming out of. Another situation that comes up is if you have separate accounts and then a family account. I would like to fulfill their checklist without over disclosing like I’ve mentioned...

read more