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All Forum Posts by: Julie Falen

Julie Falen has started 0 posts and replied 3 times.

Post: Investor Offers on Short Sales

Julie FalenPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 3
  • Votes 1

If you are in California, check out Senate Bill 1737 which makes it illegal and a possible suspension of a RE license if the agent inflates the BPO with the hope that it will go to REO and they will get the listing. It is also illegal for the agent to send anyone who is NOT licensed to just take pictures for them and then submit their report as their own BPO. If either is the case, you can challenge the BPO and get a new one. Good luck! Mike- interested in a negotiator position earning more, using your loss mit experience?

Post: Short Sale - sequence of events

Julie FalenPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 3
  • Votes 1

Yuo can also use a special addendum that gives you the right to re-sumbit higher offers without new contracts. Check out Ron Ballard, Short Sales Attorney, and his site [LINK REMOVED]

Post: High BPO

Julie FalenPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 3
  • Votes 1

If you are in California, check out Senate Bill 1737 which makes it illegal and a possible suspension of a RE license if the agent inflates the BPO with the hope that it will go to REO and they will get the listing. It is also illegal for the agent to send anyone who is NOT licensed to just take pictures for them and then submit their report as their own BPO. If either is the case, you can challenge the BPO and get a new one. Good luck!