Portland Real Estate Agent

Additional Met Life Bank Short Sale Documents

Short Sale Documents

x,

I got the short sale materials right away from Mike yesterday.  Thanks for being quick.  I sent it right away.  A few minutes ago I followed up with the bank about the short sale.  Now the have all the short sale documents up to date again.  The rep sent the file to the next step of the short sale ladder.  Very soon an appraisal will be ordered.  I asked them to contact me for that.  I will do as much as possible to be present.  This helps in a short sale.

Things are moving as expected so far.  I think we should close the short sale sometime in mid to April to early May.  Let me know if you need anything.  Send me anything you may get from the bank.  Thanks.

Oscar

At 12:31 PM 3/14/2012, you wrote:
 

Oscar,

In reading your email, I notice that you only mention Navy pension statements.  I remember you saying in the phone call yesterday bank statements as well?  Just wanted to verify this.  If so, I will find a fax machine & try to get them to you by tomorrow.

x

On Mar 13, 2012, at 11:59 AM, Oscar Morante <oscar@oscarpdx.com> wrote:

> x,
>
> I just talked to the bank about the short sale.  They need the January and February Navy pension statements.   I already sent them the January.  I need to re-send January and now February since that should be available.
>
> The rep told me that the short sale file was sent back to where we are because of February was missing.  It is missing because the document was not existing when I sent it to them.  Hopefully you can send me the document right away, so I can send it to them today.  That way, since there is plenty of time between now and April, we won't get asked for March statements.
>
> Oscar
>
> Oscar Morante
> Realtor
> Licensed Oregon and Washington
> Mal & Seitz Real Estate Solutions
> www.OscarPDX.com
> Ph: 971-222-3734
> Fx: 866-844-7009
>

Met Life Short Sale – Portland

The short sale is moving quickly.  Thanks for being quick. I will scan the hard copies and send them back to you. It seems met life will move quickly.

Oscar
Subject: Re: Needed Short Sale Documents and Update Met Life

Oscar,

There will be our latest bank statement faxed to you in a day or two from Navy Federal credit union.  The others will be hard copies. Hopefully Met Life will not need anything else for this short sale.

Sincerely,
x

On Feb 14, 2012, at 4:11 PM, Oscar Morante <oscar@oscarpdx.com> wrote:

x,

I just connected with the Met Life about the short sale.  Here is the update.

February 6th they uploaded the short sale documents I sent in January.  Because of this, we need to send additional materials to be up to date.  See list below.  After they receive all the additional materials requested, the bank will order an appraisal.  Once they have that, which will take around 20 days, they will start negotiating the short sale through a dedicated short sale negotiator.  So we are still in for more waiting.

Please send me the following short sale documents ASAP.

• All January bank statements
• All pay stubs received in January after the 14th.  That is the day you came to my office.
• Any February bank statements and pay stubs that you may already have
• Retirement letter from the Navy if you where issued that

As of now, things are moving at the expected rate on the short sale.  So far we are moving in a positive direction.  Please send me the materials ASAP so we can complete this short sale soon.

One more thing.  Today you were sent a letter from the bank saying that certain documents were missing for the short sale.  Please email me a copy of that.  Thanks.

Sincerely,

Oscar

Oscar Morante
Realtor
Licensed Oregon and Washington
Mal & Seitz Real Estate Solutions
www.OscarPDX.com
Ph: 971-222-3734
Fx: 866-844-7009

x,

Thanks for being flexible.  I am getting the rest of the paperwork.

Oscar

> From: x@wellsfargo.com
> Sent: Feb 9, 2012 8:39:54 AM CST
> To: oscar@oscarpdx.com
> Subject: RE: New Offer & Extension - x N KILPATRICK STREET
> PORTLAND OR
>
> Oscar,
>
> The recently received offer for $96,800 has been added to the file
> for review and is now in-line to be distributed or assigned to an FHA
> Short Sale Negotiator.
>
> Be advised that it may take approximately 48 hours for the file to be
> assigned and up to 2 business days for the assigned Negotiator to
> review the offer.
>
> Please contact our Phone Team at 866-903-1053 for status updates.
>
>
> Thank you,
>
> Please note my office hours: Monday – Friday 7:00 A.M. -3:30 P.M. CST
>
> Thank You,
> x> Loan Adjustor Specialist
> FHA Shortsale
> Wells Fargo Home Mortgage
> 11200 W. Parkland Ave
> MAC x9400-015
> Milwaukee, WI 53224
> x>
> *Please note that this email does not constitute an approval nor do
> any statements within it guarantee an approval of a short sale of the
> referenced property.*
>
> “Our mission is to provide great customer service, please contact my
> manager directly at x@wellsfargo.com with positive
> feedback and/or concerns.”
>
> "This message may contain confidential and/or restricted information.
> If you are not the addressee or authorized to receive this for the
> addressee, you must not use, copy, disclose, or take any action based
> on this message or any information herein. This information should
> only be forwarded or distributed on a "need to know basis”. If you
> have received this message in error, please advise the sender
> immediately by reply e-mail and delete this message. Thank you for
> your cooperation."
>
> —–Original Message—–
> From: Oscar Morante [mailto:oscar@oscarpdx.com]
> Sent: Tuesday, February 07, 2012 9:05 PM
> To: x> Subject: New Offer & Extension x N KILPATRICK STREET PORTLAND OR
>
> Lyudmilla,
>
> Here is a new offer for x N KILPATRICK STREET PORTLAND OR.
>
> The seller has accepted.  Tomorrow I will have the HUD1, the buyer
> acknowledgement and other things needed.  I am sending you this as is
> right now so you know were we are at.  Hopefully we close this deal.
>
> Oscar
>
> Oscar Morante
> Realtor
> Licensed Oregon and Washington
> Mal & Seitz Real Estate Solutions
> www.OscarPDX.com
> Ph: 971-222-3734
> Fx: 866-844-7009

Oscar,

Please find enclosed rejection for the $80,000 counter offer. The offer
doesn't meet HUD required net.  Short Sales Portland
In the attached listing extension add "St" to the property address and
effective date from the date when the listing agreement has expired.
The borrower has to sign attached short sale affidavit with "cancelation
clause".
Submit all corrected documents by  02/08/12 in order for me to keep the file
open.

Short sales portland

Thank you,

Please note my office hours: Monday – Friday 7:00 A.M. -3:30 P.M. CST

Thank You,
xxx

Loan Adjustor Specialist
FHA Shortsale
Wells Fargo Home Mortgage
11200 W. Parkland Ave
MAC x9400-015
Milwaukee, WI 53224
xx

short sales portland

*Please note that this email does not constitute an approval nor do any
statements within it guarantee an approval of a short sale of the
referenced property.*

“Our mission is to provide great customer service, please contact my manager
directly at xx@wellsfargo.com with positive feedback and/or
concerns.”

"This message may contain confidential and/or restricted information. If you
are not the addressee or authorized to receive this for the addressee, you
must not use, copy, disclose, or take any action based on this message or
any information herein. This information should only be forwarded or
distributed on a "need to know basis”. If you have received this message in
error, please advise the sender immediately by reply e-mail and delete this
message. Thank you for your cooperation."

—–Original Message—–
From: Oscar Morante [mailto:oscar@oscarpdx.com]
Sent: Sunday, February 05, 2012 1:01 AM
To: xx

Subject: Better Price - xx N KILPATRICK STREET PORTLAND OR 97217-6639

xx,

Here is an improved offer from the buyer.  The offer is at $80K.  This is
the absolute highest he will go.  Consider that the property has mold.
Please call me first thing Monday morning my time.

Oscar

At 05:59 AM 2/2/2012, you wrote:
xx

Oscar Morante
Realtor
Licensed Oregon and Washington
Mal & Seitz Real Estate Solutions
www.OscarPDX.com
Ph: 971-222-3734
Fx: 866-844-700

short sales portland

xxx:

Thanks for contacting me for this.  I am in the process of creating a "Do It Your Self Debt Settlement" course.  "Charged Off" means that the creditor sold the debt for to a third party at a loss.  You will most likely get a  1099C for the lenders losses.  Now you owe the debt to someone else.  You can pay that debt when you can.  If you can’t right now, don’t stress too much but be on top of it.  It will not be forgiven.  If you don’t pay it, it will eventually become Zombie debt.  That is debt likely to re-surface sometime in the future.  That will probably be at a bad moment for you.  Most likely the people that bought your debt will track you for triggers until you pay them on a settlement (and beyond).  So settle them when you can.  Another thing to look at is bankruptcy.  The thing is to eliminate the problem as soon as you can.  You can also work with a debt settlement company.  I can connect you for this.  Does this help?  Let me know.

NOTE:  I replied you last Friday.  Washington state does not have a purchase money protection statute.  You attorney is right.  You owe that money.

Let me know about this developments.  That will help me better attend clients.  Thanks.

Sincerely,

Oscar

At 01:47 AM 11/1/2009, you wrote:
 

Oscar, the second mortgage amount was for approximately 65,000.00 and it was purchase money. After consulting with my attorney xxx regarding this matter, I asked him to draft a letter explaining my situation and asked to settle for 6500.00 or essentially 10 percent which is what most banks agree to if there is a short sale on the property. A couple weeks later the lawyers for Citibank counter offered with 16,490.00 and two months to pay it off. Although that is generous and I appreciate their grace in this matter, the truth is if I had 16,490.00 I would have been able to keep my house and avoid foreclosure. Also, I would need a lot more than two months to pay that kind of money. I havent responded to them yet as i’ve been seeking a second opinion. I looked at my credit report and it says the debt has been settled and written off. Im a little confused then as to why im being pursued. Is this just a lawyers office/ debt collection agency that has bought the debt and is looking for a return? I dont want to and cant afford to pay 16,490.00 for something that has possibly been written off anyway. I know you are a busy person and I greatly appreciate you taking the time to respond and look into this for me. xxx
On Fri, Oct 30, 2009 at 10:46 AM, Oscar Morante <oscar@bestshortsales.com> wrote:

xxx:

I understand that you did not refinance.  You bought the house with the mortgages present at the time of foreclosure.  Is that right?  The majority of states have purchase money protection statutes.  Oregon and California do for sure.  Maybe Washington does not.  There are some caveats as well.  For example, in Oregon, once the second mortgage is over around $120K, it is treated differently.

I work in Oregon and Washington, so this knowledge is very important to me.  I will ask my local Washington attorney for my own knowledge sake.  They deal with this issues all the time.  Often they take legal action against the banks.  That seems to work.  Maybe I can get an answer for you today.  If not, in a few weeks. He is about to go on vacations.

The issue is this.  Lets say that Washington state does not have purchase money protection.  If they want to force you into paying they need to take legal action.  This takes a long time to even get started.  Depending on how much is that second mortgage, interest rate, arrears and likelihood that you can ever pay, it may not be worth them suing you.  Chances are you can settle them for less.  You may look into bankruptcy alternatives as well.  You may discharge them that way, or force them into settlement for less than owed.  Keep me informed.  This is a hugely important subject.

Oscar

At 10:52 PM 10/29/2009, you wrote:

You’ve received a contact message from your Contact Form on the ActiveRain network.

Message details: From: xxxx

Subject: Forclosure 2nd mortgage payoff (Sent via Activerain)

Oscar, after an exhaustive number of attempts to work with my lender to keep my home i sadly lost it to foreclosure. Now the second mortgage lender is threatening to take me to court for the balance on the second. The different professionals i worked with through this ordeal told me that the second mortgage goes away after a foreclosure when its purchase money (which it was) but they can come after you only if its refinance or equity line of credit money. After I recieved the letter from the attorney supposedly working for Citibank, I contacted a real estate lawyer in Lynnwood, WA and he stated that I was in fact responsible to pay this debt. Im being referred to you by my friend and mortgage specialist xxxxx of Lynnwood, WA and I hope you can advise me on this matter or put me in contact with someone you work with and trust. Thank you for your time. xxxx Bothell, WA xxxxx

Oscar Morante

www.bestshortsales.com

oscar@bestshortsales.com

Ph: 971-222-3734

Fx: 503-296-5663

9220 SW Barbur Blvd.

Suite 119 – #159

Portland, Or 97219

Scott:

Thanks for considering me for your settlement needs.  Go to http://www.bestshortsales.com/ and enter your name on the upper right.  You will get an email about my do it your self debt settlement webinar.   If you do it right, and depending on who the debt is with, you can settle that debt for as low as 20 cents on the dollar.  Most commonly the settlements are at 30% to 40% on credit cards issued by large banks.

Oscar

L:

Thanks for considering me for your real estate needs.  For me to know if I can help you, go to http://www.realestateagentportland.com/loan-modifications, download the form and send it to me.  We can take from there.  Where are you located?

At 05:51 AM 9/22/2009, you wrote:
 

Hello
I have 108K left in a 12 yr mortgage, My monthly payment is 1200 at 
6.5%, and my monthly income about 2500 [i'm self employed, a single 
mom, and am struggling]. Is a refi or a loan mod a abetter choice for 
me. How do I decide? I would like to reduce my mortgage to about 
7-800, stay in my house, and not end up paying a premium for the above 
modifications. What are your fees for loan mod??? thx for your tiime, 
L