All Forum Posts by: Glenn C

T hx for the helpful breakdown Michael! Much obliged!

Absolutely horrific customer support. I mean, beyond pathetic. I have an email thread a month long, seriously, over 30 days, and his lackluster support couldn't get me access to the $97 program I purchased after I opted out of his numerous per day bombarding emails. They couldn't figure out how to plug my email address back in so I could get access to the program I paid for. I gave them a secondary email, and that was beyond their capabilities. So, I have a $97 program, which is useless anyway I'm told, that I can't even access. It likely isn't even in service anymore but they won't refund me either so I need to take my complaint to the next level. Stay clear away from David Corbaley & his Marketing Commando program. You'd be hard-pressed to find a worse customer support program on the web in the real estate niche.

I'm curious as well if anyone has a source that has a side-by-side comparison of the pro's/con's of these different REI software platforms. What's the difference between PropStream, REI Automator, RealEFlow, REIPro and the others? Anyone know the scoop, or can point me somewhere that isn't gonna send me down a rabbit hole to get an answer?

Thx 

I'd throw an ad up on Craigslist in Indy area and see if you get some bites. I know there are companies that buy mobile homes nationwide that advertise in those local Pennysaver papers I've seen and they'll move them etc. I don't know what the criteria is however but I'd throw it up on CL & in the local Facebook Marketplace and you'll bound to get rid of it for $2. Hopefully more.

If it's any help, I just spoke to the homeowner and her annuity is an IRA.

gLENN

mountainjoepa:She's already borrowed from her 401k previously on 2 different occasions. It's a losing battle. She has an interest only loan and her home is now approx $40k-$50k upside down and in need of repairs. She sees no end in sight and does not want to tap into her 401 again, it's like throwing money in the wind and she's pretty much resigned to moving on.

Dan O'Conner no, she hasn't tried selling the home FSBO in the past 4 mos and she knows of no agent who would be interested in listing it, and neither do I. I did speak to an agent about 3 wks ago who told me the ave selling price of homes in the area has dropped to $66k and unless a home is in excellent condition most agents won't take on a listing over $100k right now because they're overwhelmed with REOs' and anything over $100k that isn't in excellent condition isn't going to move anyways so they won't bother with it. Her house is now worth about $140k, she owes $185k.

No Name Her annuity was purchased years ago through her work is all I know. What type, I'm not sure. I believe she has about $25k in it and the other $75k in her 401.

Thx again for your input guys

Glenn

Well, I'm not so sure I'll be able to make that happen. In the first part of my initial post I was told by WaMu that they have no Loss Mit Rep assigned to her case and they wouldn't consider a s.s. because 1) she didn't list her house and 2) she has no written legitimate offer on it. I never heard to this before so don't know what to do other than delay it and trying the "produce the original note" route. Any suggestions?

Glenn

Thx guys for your input. I wasn't completely sure about this and didn't want to mislead her if there was a smidgen of a chance. She has a bad interest only loan, is completely upside down and is obviously stressed out. This will ease her mind a bit and I'll try to get a free consult w/ a RE atty just to confirm things for sure.
Thank you gentlemen!

Glenn

Hello Everyone!

Been quite some time since I've visited this neck of the woods. Good to still see lots of activity here, and probably 20k new members since I was last here.

I don't know if this forum is the place to ask this question or not, I thought maybe the legal forum....but here I am so I'm going to run with it here.

I was in the process of doing a short sale for a friend of mine whose sheriff sale is scheduled for Apr 16th. I contacted one of her 2 lenders a couple days ago (WaMu) to get the scoop on who the loss mit rep is, the numbers, ect. I was told there is no loss mit rep assigned to her file and in order to consider a short-sale she must've had her home listed for 90 days prior. Say what?
WaMu was not in the least bit interested in anything remotely short sale. After that conversation I didn't even bother calling her 2nd mortgage, Countrywide.

Is this common, no loss mit rep assigned to a file? Never heard of such a thing. What is WaMu waiting for, a Gov't bailout too?

Now here is my second dilemma...and the reason why I was going to attempt a short sale initially. My friend has close to $100k combined in her retirement accounts, a 401k and some annuity. Seeing she's completely upside down on this home and now in foreclosure, does her lenders have any recourse to actually seize that retirement money she has since she's defaulting on her loans? Anyone know what the policy is with this? What if she files for bankruptcy? She's worried sick they're going to find a way to take her retirement money, which has already lost plenty compared to a couple years ago.

Anyone offer some knowledge about this firsthand without the "best talk to an attorney" reply? Anyone familiar with this or beeen down this road before can give me some input?

Thanks for your time,
Glenn

IMO if you're considering a program, especially a short sale program, you should definately check out Ryan, Angie and Claude down in FL. They have an excellent program, excellent support and explain everything in laymen's terms.

FinancialHealthCoach.com would definately be worth looking into if short sale education is what you're looking for.

Glenn