All Forum Posts by: Michelle Kasper

I was just wondering how everyone is structuring their listing agreements that they submit to the bank? We used to have our agent sign a pocket listing agreement with the homeowner that we would than submit to the bank with our short sale packet. I am a little nervous about doing that now because of all the litigation going on.

We are considering paying another agent 1% commission to sign a listing agreement with the homeowner so that we can submit that to the bank and than have our realtor actually list the property for us.

I am just trying to find out the cleanest way to go about filling out the listing agreement. I would really like to see what everyone else is doing.

Thanks

Hi Matt, thanks for your reply! I will definetely take a look at that site.

Hi I have been flipping residential short sales for quite some time now. I am interested in making a transition into doing commercial short sales.

Can anyone recommend a good course or mentor that they have used?

Thank You
Michelle

Hi everyone, I want to get started doing bpo's to get some extra money rolling in. I was just wondering if anyone has gotten certified with National Association of Broker Price Opinions Professionals? Their membership is $220 and I was just wondering if you guys thought it was worth it or not.

Thanks,
Michelle

Sorry Bill, I meant to thank you for all of your info but I just realized I put Sam's name in place of yours.

Thanks Again!

Wow Sam, thank you so much for going into such detail! I really appreciate it.

Thanks,
Michelle

Hi everyone, I have been focusing on flipping short sales for the past couple of years. I recently came across an investor that was buying the note instead of doing the short sale to get around seasoning issues. I just wanted to see if any of you are using this method right now and if in fact it is still a viable way to get deals done considering all the changes that the banks are making.

I would really appreciate any feedback that you might have.

Have a great weekend!

That's great news Justin. Scott you must have been right. Maybe this guy was trying to do a simultaneous close and that's why they made him sign that affidavit.

Hey Justin do you buy properties in your own name or with an LLC?

Hi Scott, it actually was not a deal that my business partner and I were working on it was an aquaintance of my business partner. We do not do simultaneous closings we use transactional funding!

Justin I like your idea as well. I am going to talk to my title company and see if they will start submitting the HUD sooner for final approval.

My business partner spoke with one title company that has an in house attorney and he said what they are doing is illegal. He said that we did not have to sign the affidavit and he would be willing to fight them on this. With that being said I still don't know if the bank would move forward with the closing or if they would just foreclose on the property.

Bottom line is we all need to figure out a way around this because it seems like the majority of banks are jumping on board.

Michelle