Wayne Garab's (wghog) Blog

Hello everyone, it's been awhile since I've posted anything and to be honest I'm needing my ActiveRain fix. I wanted to share something with you concerning promissory note requests by lenders as a means to facilitate a short sale. It is becoming more frequent that lenders, mostly in junior positi...

I got a call from a Realtor today and he had a question concerning short sales. Let me give you a little insight first. The Realtor I refer to is proficient in short sales and so he has been around the block with how to handle mitigators. His question was, are short sales getting harder? As I rel...

http://www.irs.gov/individuals/article/0,,id=179414,00.html The IRS gives answers to the most commonly asked questions regarding the Mortgage Forgiveness Debt Relief Act of 2007. What is the Mortgage Forgiveness Debt Relief Act of 2007?The Mortgage Forgiveness Debt Relief Act of 2007 was enacted ...

I've had repeated questions from buyers agents and title companies concerning expediting the short sale process because there is a cash buyer. The Short Sale lender doesn't care if you have cash buyer! Most lenders, and "there are always exceptions" are so swamped with short sale files, they are ...

Short Sales frustrating......Unless (edit/delete) Frustrations are being felt by many Realtors and buyers alike right now. The banks are very overloaded and under staffed to handle the flood of short sales. One Mitigator I deal with at countrywide is working 430 files at once. As with any busines...

Frustrations are being felt by many Realtors and buyers alike right now. The banks are very overloaded and under staffed to handle the flood of short sales. One Mitigator I deal with at countrywide is working 430 files at once. As with any business, focusing on your core duties as a Realtor will ...

Hey gang, For those of you Realtors bright enough to use our negotiation service. Yes I said bright enough. Think about it, how can you as a Realtor be effective selling Real Estate when you spend 10, 15, 20 hours doing administrative work on short sales? You can't! The most successful businesses...

For those of you doing short sales, I was told by a Countrywide mitigator that investment homes and second homes will not be getting short sales approved. As with Ocwen, I am wondering what the investors that own these loans are going to do. I'm sure the lenders are ticked off by the number of in...

Hey group, I am still in need of Realtors wanting a free listing!  We need agents for the following areas. One Orlando property,  two properties in North Port, and one in Port Charlotte.These are listings that require short sales..........However don't start running away just yet.... We are going...

Hey gang, just a short note to let everyone know that the lenderEMC, more accurately "EMC the servicing company" just accepted andsent an approval letter for one of our DHS clients. I know I know,your saying so what! Well...once they got the file to the mitigator, theytold us what the BPO was at ...