All Forum Posts by: Priscilla Z.

Hi Rod, the answer is no, you cannot use Cameron buyers list. If you have 5 good buyers, that's all you need.

Everyone else: I'm still working the this deal, the property needs to be re-foreclosed, so it is going to take time. I come back with news!!

Sorry guys, I've been busy and I have to manage my time the best possible way. I'm going through a deal right now, and I will be using Cameron's funds. There is a little title issue with the property. I explain once is all done. I cannot say I've used the funds, but I'm about to use them pretty soon. I update you guys on the whole transaction. Thanks.

Hey guys....I'm seeking info myself.

I went to the mediation, they went over the loan modification papers they needed for her to qualify for the HAMP. Then the mediator asked for the loss mitigation specialist (who was on the phone - the company's lawyer was in the room with us) what her other options were.

He proceeded to say if the loan mod did not qualify her for any reason she could do a repayment plan, settlement, short sale, deed in lieu of...those were all options.

Then the LAWYER spoke up and said....and she can short sale re-fi. I looked at the mediator, he looked at me, I said I had never heard of it...the mediator said he hadn't either.

The lawyer said...it's like a short sale, but you would actually be purchasing the home back for yourself. I asked if this company does that and they said yes.

Wow, something new today! One little piece of the story...she is on the mortgage and deed, but not on the note. The mediator said that in that case it doesn't affect her credit.

She's going to put together the loan mod packet (again) while I look into this short sale re-finance.

Again, it was the LAWYER that said it...and I clearly asked if they do it and they replied YES.

Hope someone that knows about this or has done it can give us some input.

I went to a foreclosure mediation with someone this morning and one of the options the lender gave her (the homeowner) was a short sale re-finance, where the homeowner can actually purchase her home back in a short sale (through another lender, I'm sure). This was new to me, and it was new to the mediator as well.

Has anyone heard of this, or had any experience with it that can elaborate some more for me?

Great to hear that others are working with Cameron....I agree 100% with Anna....Cheryl Pierce is great, always attentive to any problems or questions that come up.

Thanks for the referral Steve! I will contact him.

Yes everyone...let's listen to Joshua! We wouldn't be where we are without BiggerPockets so let's give back!

With that said, it was brought to my attention that I haven't been here in a while to give my Cameron Dunlap update.

That's because I've been busy marketing my bulk seller's properties and also putting in offers on short sale properties in my area. I have not used Cameron's transactional funding yet because I have not been ready to close a deal that needs his funding. As you probably know, short sales take A LONG time so I'm waiting to hear back from the banks on my offers.

However, I will say, having his proof of funds letters have helped me with putting in my offers ALOT and his website for my buyers is helpful in keeping me organized with what my company is doing!

And, you do not need transactional funding for double closing if your investor allows you to use their money to close your deal (please note I am in Florida so I'm only speaking about here, I don't know how other states laws are)....

But...if you are doing short sales, like I am, you do need to have transactional funding....

I will update everyone as soon as I use his transactional funding to close my first deal and get my $1K investment back.

Get a group of wholesalers in that area to market your properties for you to their buyer's lists. Offer them a fee per house or let them add on their own fee since they know what their buyers will pay.

I as a wholesaler currently do this with a private seller...he buys in bulk, then gives them to his wholesalers to sell off individually.

Wow Steve thanks!

I guess being a newbie there is stuff in there that I can't figure out...and I depend on BiggerPockets to help me out...

Can anyone guide me on step 1? I know how to do steps 2-3...but step 1 is where I need to start, and there's nothing in the forums.

Thanks again for clarifying his program Steve.

Looks interesting....anyone?