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Additional Met Life Bank Short Sale Documents

admin — Wed, 14 Mar 2012 21:32:16 +0000

Additional Met Life Bank Short Sale Documents

Short Sale Documents

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 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

admin — Thu, 16 Feb 2012 01:28:09 +0000

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

Wells Fargo Short Sales

admin — Thu, 09 Feb 2012 22:07:29 +0000

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

Wells Fargo Short Sale

admin — Thu, 09 Feb 2012 01:34:47 +0000

From:

x@wellsfargo.com (Authenticated by wellsfargo.com) Valid Signature (Help)

To:

OSCAR@OSCARPDX.COM

Cc:

x@wellsfargo.com

Sent:

Thu Feb 2, 2012 5:59 AM (6 days ago)

Subject:

x STREET PORTLAND OR 97217-6639

Attached:

Short sale affidavit.pdf (58k) – View, Download

Thank you,

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

Thank You,

Loan Adjustor Specialist

FHA Shortsale

Wells Fargo Home Mortgage

11200 W. Parkland Ave

MAC x9400-015

Milwaukee, WI 53224

414-2x

*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."

From: x

Sent: Friday, January 27, 2012 10:23 AM
To: oscar@best.shortsales.com
Cc: x

Subject: xSTREET PORTLAND OR 97217-6639

Hello OSCAR MORANTE,

Please submit requested documents for seller x,

708- 0206216038

My name is x – deed in lieu analyst and I will be your contact until the file is assigned to a deed in lieu negotiator.

As you may be aware, the Approval to Participate in HUD’s short sale program has expired. HUD now requires Wells Fargo to move

forward with a Foreclosure Sale or a Deed In Lieu of Foreclosure.

A Deed In Lieu is a transfer of ownership of your property back to the

bank.

A Deed In Lieu may have an impact on your taxes so you may want to consult a local tax consultant if you have any questions.

Wells Fargo Home Mortgage cannot dispense tax or legal advice.

If approved for Deed In Lieu, you may receive an incentive from HUD up to $2000.00. HUD may use the $2000.00 incentive to resolve

Past Due Liens, HOA Dues, Utilities, or Repairs needed. It is your responsibility to maintain the property and ensure it is left in “broom

swept” condition upon vacating.

You are required to keep HOA and Utility bills current through the conveyance of the property to HUD.

Although you are not required to market the property, we are still willing to review any short sale offers that are presented.

Please note that once a Deed In Lieu is approved and signed or a Foreclosure sale has been scheduled we may be unable to review any offers.

If the property is not vacant please confirm the move out date. MUST BE WITHIN 60 DAYS OF TODAY’S DATE.

I will need the following documents:

1.COMPLETE DEED IN LIEU QUESTIONNAIRE.

2.HOA RECENT STATEMENT (IF APPLICABLE).

3.SIGN BY BORROWER SHORT SALE AFFIDAVIT

4.ADD "ST" TO THE PROPERTY ADDRESS IN THE LISTING

EXTENSION.

5. ADD EFFECTIVE DATE IN THE LISTING EXTENSION.

<<…>>

DEED IN LIEU QUESTIONNAIRE:

REASON FOR DEFAULT:

CHANGE IN FINANCIALS SINCE ATP ISSUED?:

OCCUPANCY:

WHEN/WHY VACATED:

IF OCCUPIED, H/O ADVISED TO VACATE BY:

PROPERTY RENTED?:

DATES RENTED:

PENDING INSURANCE CLAIM?:

PROPERTY BEING MAINTAINED?:

____________________

BIZ ON PROPERTY?:

2ND MORTGAGE OR OTHER LIENS?:

HOMEOWNER MAILING ADDRESS IF VACANT:

MARITAL STATUS:

# IN HOUSEHOLD:

HOMEOWNER EMAIL ADDRESS:

___________________

H/O IN HOA: YES/NO

**HOA– REQUESTED PAYOFF VALID FOR AT

LEAST 60 DAYS.

All documents are to be received by 02/03/2012 by 3:30pm CST or the file will be denied and removed from the active deed in lieu inventory.

Please fax all documents with valid loan numbers listed on each page to (866) 969-0103.

Feel free to contact customer service with any questions or concerns you may have at 866-903-1053.

Are you interested in doing a Deed In Lieu?

Thank you,

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

Thank You,

Loan Adjustor Specialist

FHA Shortsale

Wells Fargo Home Mortgage

11200 W. Parkland Ave

MAC x9400-015

Milwaukee, WI 53224

*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 Kx.Jackson@wellsfargo.com with positive feedback and/or concerns.”

Wells Fargo Short Sale

admin — Tue, 07 Feb 2012 00:14:46 +0000

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

Portland Short Sale Condo

admin — Thu, 12 Jan 2012 23:38:42 +0000

Portland Short Sale Condo

Portland Condo - Short Sale

Thanks for doing that and filling neighbors in on Aiicias purchase. Happy moving Alicia. Ruth Ann

Sent via BlackBerry from T-Mobile
From: Oscar Morante
Date: Fri, 08 Apr 2011 16:35:16 -0700
To: alicia Reed
Cc:
Subject: Comus Place Key
Ruth & Alicia,

Yesterday I removed the last of Mishelle's belongings out of the unit. There I left my remaining key under the mat in right in front of the door. I wish you well in your new home. You will soon meet Troy, Melisa and Matt and Scott and Andrea. They are your neighbors towards the parking side of the building. I talked to them yesterday. Good people.

Oscar

Short Sale Insolvency Question

admin — Thu, 12 Jan 2012 22:13:04 +0000

Short Sale Question to Portland Short Sale Realtor: Owner Insolvency

Portland Short Sale Realtor – Owner Insolvency

This is a Short Sale client question about solvency and Short Sale approval. This is a very common question. Client is unable to continue paying for the property and found another residence. Presently they are doing well enough. The client is not broke, but continuing paying for the property will drive them to bankruptcy for sure. Right now they are insolvent enough for the bank to entertain the approval of a short sale. Most likely the bank will approve a short sale. This is very common in Portland

If you have any question call me, Oscar Morante, at 971-222-3734.

L & M,

I am glad you are educating your self very well about the subject.

Here is what will happen:
The bank will determine whether you are solvent enough for you to continue paying or not. Based on that they will negotiate with you through me. We will present the documents in the way they request and negotiate based on that. If you would have lots of extra cash the property would not be in this situation. For the moment all what can be done let the short sale take its course.

Feel free to ask me any questions or get clarifications about any of your concerns. I am happy you are on top of things.

Sincerely,

Oscar

At 05:37 PM 1/11/2012, you wrote:

Hi Oscar,

In reading over information (from your website) on "Is a Short Sale right for me", we are having concerns about being able to successfully establish that we, as the homeowner are INSOLVENT and proving that we are INCAPABLE of covering the lender for any shortfall.

All of our financial documentation (tax records, pay stubs etc), which they will want to see, leave us having serious doubts with our ability to convince MetLife to relieve us of the outstanding dept. Please let us know how to proceed.

M & L

www.portlandgolbuyers.com www.bestshortsales.com www.portlandshortsalerealtor.com

West Hills Short Sale – 4230 SW Chesapeak Portland

admin — Sun, 01 Jan 2012 01:18:49 +0000

Portland West Hills Short Sale

4230 SW Chesapeak, Portland, OR 97239

COUNCIL CREST PK, BLOCK 33, LOT 11-13 TL 5400

Portland Short Sale

Take Advantage of this Short Sale: Make Offer -Fixer.

Diamond in the rough. Accepting short sale offers now. Mostly normal wear an tear for a mid century ranch. The property needs to updated and requires renovation. Try level type floor plan. Better with cash offer.

Well located fixer in area near Council crest. Diamond in the rough. Newer heating system, open beam ceiling, hardwood floors throughout, oversized lot. Newer appliances. 2 gas fireplaces and 1 wood fireplace. Newer Penguin vinyl and vinyl/wood windows. Quiet location close to downtown. Full set of architectural remodeling drawing included ($20K worth)

This property is of a multy level type distribution. Similar to a tri-level set up.

Call 971-222-3734

North Portland Short Sale Communications

admin — Thu, 29 Dec 2011 04:54:30 +0000

Cozy Modernized 3 Bed 1 1/2 Bath Bungalow,

1 Block from Max, Big Lot Minutes to Downtown

$115,000

Great Short-Sale Opportunity Want a Great DEAL? Make an Offer!

More Info at: http://tinyurl.com/northkilpatrick

3 Bedroom 1 ½ Baths 1248sf total Built 1951 Refurbished 2005-2006

Features:

Nicely modernized in 2005 & 2006
Designer colors
5000 sf lot with nice lawn and plenty of parking
Laminate flooring first level
Carpet flooring second level
Newer appliances – From refurbishing date – In great shape
Newer water tank-less heater – From refurbishing date – In great shape
New double pane windows in most living spaces
Newer roof - From refurbishing date – In great shape
Friendly neighborhood

Dear Short Sale Dept. Rep,

As per your request of today Monday June 6^th, 2011, I attached to this cover letter is the listing agreement for 1330 N Kilpatrick St, Portland, OR 97217. I am the Realtor representing the above mentioned seller. Please start the short sale as soon as possible. I look forward to closing this deal ASAP. Please let me know if you need anything else.

Sincerely,

Oscar Morante

Rental Explanation

I purchased the house on April 26^th, 2006. It was my home for more than two years and I had to leave in June 2008 only because I was relocating to San Diego for a better job. And even though I was in San Diego I hired contractors to do multiple repairs in the house and around the property.

Repair expenses totaled $20,000 and mortgage was $1,793/month so by end of August 2008 I decided to rent it to be able to keep the house payments current and to cover for seasonal repairs. I wanted to save the house so I never missed a payment even though renting was a total loss.

Rent breakdown is explained in detail on the next page.

In total, from August 2008 to July 2010, I paid $44,344.56 in mortgage pmts offset by $7,776.67 in total rent. Thus my resulting loss was ($36,567.89).

Upon letting the renters go I found out that there were more repairs to be done (flooring, cabinetry, etc.) that totaled additional $10,000. I did try my best but after the repairs were done I came to the point where my finances were completely drained and trying to keep the house was not an option any longer.

Sincerely,

Statement of Maintenance

Right now the property is vacant, on the market and maintained at my expense. I am paying for utilities and landscaping. The interior is clean and ready to move in.

The property has been vacant since June 2^nd, 2010 and has not been rented to anyone since then.

Sincerely,

Dear Boyd,

Thanks for attending the short sale of this property. As per your request, attached to this letter are the following documents.

Copy of your email used as check list
Listing history showing serious attempt to get best possible offer
Arm’s Length Affidavit – Signed
Approval to Participate – Signed
Purchase Agreement – Revised per your request
Closing Extension – As per your instructions
Listing Agreement – Revised as per your request
HUD-1 based on the offer

Sincerely,

Dear Boyd,

As per your instructions, attached is the lien release for 1330 N KILPATRICK STREET PORTLAND OR 97217-6639.

I checked with the title company. In reality there was never a true lien recorded on the property, it was only a claim of lien, and it expired because it was paid off and never litigated. Mrs. x, because of her financial problems, took a little too long to pay for work done at the property. Because of this the contractor filed a "Claim of Lien". As mentioned above, this never became a lien. Soon after that Mrs. x paid the debt in full. That is why the claim of lien is not showing in title. See attached recent title report.

In any case, since there is release of lien, and the lien was never in title, I think all the title issues on the property must now be resolved. Please go ahead and approve the short sale. That way we can close this transaction ASAP. Thanks.

Let me know if you need anything else.

Sincerely,

Boyd and London,

We are moving quickly towards the closing of 330 N KILPATRICK STREET PORTLAND OR 97217-6639. Today we hit a snag.

The crawl space under the house is substandard. A loan will not be approved for the property because it most of the crawl space is less than 5" deep when it should be 18" deep. Please let me know if you can provide an allowance for solving this issue. I am very surprised about this issue. The property is presently FHA financed. Because of this, I was assuming there would not be any construction issues to affect the sale. Can you do something about this?

There are two solutions. One is to get a cash buyer. For this the property will have to be further discounted. Another is for Wells Fargo to allow in the closing for that work to be done. For this we will need an estimate. I look forward to your quick reply.

I look forward to hearing from you soon.

Sincerely,

Initial Default and Short Sale Questions – Portland

admin — Mon, 03 Oct 2011 21:50:14 +0000

L & M,

Her are the answers. Don't lose sleep. See them in RED.

At 10:10 AM 10/3/2011, you wrote:

Hi Oscar,

I am losing sleep worrying about our short sale plan – probably because we just skipped our first house payment. We have never done anything like this – our credit score is excellent. Your credit will be damaged very soon.

1. When does the mortgage holder begin contacting us about missed payments? It will happen after you miss the 30 days window of initial default. If they don't contact you very soon, the bank probably got paid from you account. Check.

2. How long do they keep trying to contact us. Permanently until the house is either short selled or foreclosed. The bank will not leave you alone. However, you have the right to make them not contact you by phone.

3.. When we purchase a phone jack, how will they know to call that new number?   I assume we have to set up a new ph number & line with the phone co. The lending co (Met Life) has our home ph number. You will have to inform them to call you only to the majic jack number. It has a message system, so you can take messages.

4.   Will they physically approach you in trying to get payments? Most likely not. Eventually they will serve you with a foreclosure notice. That will not be soon.

5.   How much of our financial information do they have access to? Whatever you give them.

Let me know if you have additional questions.

Oscar

Thanks,
Li