All Forum Posts by: Troy Smith

Hey Mikey,

Welcome to the site. There are tons of resources on this site. Check them out.

-Troy

Shortsale Diva,

Have you been successful negotiating your short sales, thus far???

Have the lenders been accepting more initial offers or have they been counter offering?

Welcome to the site!

-Troy

Welcome!

I too am a neighbor of yours. San Ramon.

I think that there are great opportunities out there too. Although, there might be greater opportunities in the near future. Currently, I am sitting on the sidelines until spring.

We started out with the "beg for forgiveness" attempt. We got all of the way to the top before they told us that a late means late so there is nothing they can do.

My partner had a 660 to start, which isn't great but was the min FICO for the loan program. The 1 x 30 dropped him 70 pts.

I guess that we'll have to fix it the old fashion way. I just hope it doesn't take all year.

I fix up properties and sell them or keep them depending on what's best for me and my family at the time. I, more than often, have a partner to split the headaches with and most of the time things go well. On my current venture, we bought out all of the prepays and got a not so good start out loan that we were going to use for about 2 or 3 months until the home was complete. Then with all of the new upgrades, i refinance into fixed loan and usually keep in the equity for a better rate.

Days before going to docs, my partner missed a mortgage pmt on one of his other properties and dropped his FICO down to 590. He's spoken with a couple of credit repair guys or credit counselors but does anyone have any quick fix ideas?

I knew that was coming next. I do get more Heisman trophy comments than Troy Aikman ones. I guess it's good company to be grouped with. No complaints here.

Those cowboys sure blew it. I get the whole troy aikman thing a lot but i'm not a fan. I do like TO but that's about it. Eventhough my local teams aren't doing well, i have to stick by them.

Thanks! I did notice the "Bulk" forum but cannot post just yet.

I just found this site and am very excited to be part of it. It looks like there are a lot of great contacts here. Real estate investing is a hobby of mine. I am a full time loan consultant and have switched gears and moved into brokering bulk REO deals. I hope to meet some good people on this site. Cheers!