All Forum Posts by: Donovan R.

I used a pre-made template site to start with. I have little to no website building skills. I thought it would take too much time to figure it all out. I thought it was great at first and it did help me build a little credibility. Problem is no one was finding it without me paying for it(adwords). It was nearly non-existent even when you searched for it directly.

If you're looking for a site that can actually generate some leads I wouldn't recommend it. I had a lot of problems with SEO on my pre-made site. A free word-press document will actually rank higher right away. Don't ask about the details (I barely know what's going on) but I guess the referred website get's all the traffic.

I hosted one with godaddy and it took me about 3 hours build and publish to it's current state with no experience. I still have both of my sites up, look at them and see what you think. (they're in my sig)

Oh BTW, the website I designed is about $25 cheaper a month. You pay for that template!

Anybody every try this with a probate case? I'm going to look at one today, they called the sister asking if she wanted to take over the loan. I'm curious what they do if you just continue payments in the deceased name without ever changing it.

Getting them on the phone together won't work. It was a odd process with Citi. They used a local office, I had to submit to the local office for them to send off to home office to make the decision. The communication was awful, I received no formal counters or rejections. Only by calling over and over did someone tell me. I asked for a formal communication and they told me the counter offer was an internal document.

I have a Wells Fargo shortsale that will make a great rehab. I have a good BPO price and was on my way to getting it approved. However Citi Financial who has a small second will not accept a 10% payoff for short sale. Here are the numbers roughly

Wells Fargo $138k
Citi Financial $14k
BPO - $70k

Contract $66,500

I sent a 10% offer originally to Citi which they countered to 25% of their loan or $3,500. I sent this to Wells Fargo and they denied it, tried again with Citi at 10% (WF's maximum payoff) and they countered at the same payoff.

Is there anyway to make this work like having the homeowner bring the difference of the second lender's payoff to closing? Thanks for all the help, this thing has been a pain!

Anybody have any updates? I Read the "Probate Profit Machine" by Scott Riser and am starting a campaign this week, sending out about 100 letters to the recent probate cases. I was thinking I might see a better response if I wen to the courthouse and started with the deals 3 months into probate already.

I have the stapler which is very easy to use. However signs do still come down even when placed at considerable height. I'm Unsure if the culprit is the wind or the sign police. In either case I think I will also be purchasing the hammer.

Well I called HUD, Faxed the authorization, told them the problem and gave them about a week. Called back to check on the progress to which they told me there was none yet, call back later today. By the next day I had an email from the lender cancelling there rejection of the previous offer and requesting I send out a new one with a close date within 30 days. Nice, thanks for the advice Minna.

You're right the ATP states $48,400. Waiting until tomorrow-the 48 hours it takes for a call back of course! Then going to try and take your advise on going to HUD. I don't see how the negotiator could even screw it up. Shouldn't they send it to HUD and come back with a YES or NO? I'll update on how this works out.

Thank you, I understand NET.

There are no commissions on the HUD only standard settlement ($745) and a judgement pay off which had been accepted. With both of these the lender will NET right at $50k.

Usually they try to hide the acceptable pay off. Doesn't seem like they would be willing to send out documents that spell out their bottom line.

The only thing I can come up with is that this exceeds maximum loss on a loan. $130k on Dec 09 down to $55k (appraised) June 2011. Trying to get an answer from them today.

I thought the language was confusing as well. I got that same wording with every offer. My offer is the only one on the table.

I can't understand why they would ask for 100% of appraisal.
I thought getting FHA approval would be more clear and concise. If the NET is over 88% and the bank approves why are they holding me back without an explanation!