Any Home Hotline! Call 801-966-4000 for information on any home for sale. View homes within One Hour! Monday through Saturday from 9am-9pm Closed Sundays 

Become a Fan for contests and Giveaways!

Bank(s) Involved: 1st Mortgage Wells Fargo

                          2nd Mortgage Tiburon Financial

Short Sale Packet: Submitted

Offers Received: 1

Appraisal: Ordered 4/27/2010

Approved Price: Waiting for Offer

Comments:

3/2/2010 Talked to the second mortgage gathered all the information that they need for a short sale. Sent over authoriztion to first and second

3/26/2010 Sent over full short sale packet.

4/13/2010 Still working with bank on Loan Mod

4/21/2010 Home has been switched to a short sale Foreclosure date is set for 5/20/2010

4/28/2010 BPO has been scheduled for today at 1-2 from 1st mortgage need Wells Fargo doc

5/11/2010 Appraisal has came back into system as of the 3rd of May Sent back the bank addendums not in system yet that is all they are waiting for.

5/20/2010 Talked to the 1st mortgage they sent over documents for the buyer and seller to sign returned on 5/20/2010 2nd mortgagae had me change a few things they would like more money from the first or seller. 

6/1/2010 Called to request the foreclosure to be postponed for the 1st mortgage. 2nd mortgage sent over an accpeptance countering the cash contribution amount. 

6/10/2010 2nd mortgage has acceptance. 1st mortgage negotiator needs may bank statements and check stubs sending over an updated Hardship with new items on it.

6/15/2010 Called the seller looking for new items 1st mortgage is requesting he will send over asap.

6/23/2010 The file has been sent over to a different negotiator for faster response.  June 18th

7/1/2010 Negotiator has requested a few items before he submits for final apporval got those items to him today. 

7/7/2010 File has been assigned to a 2nd Negotiator who will make a decision on the file within 30 days however they have informed me that the files go through a lot quicker than 30 days. 

7/19/2010 UNDER CONTRACT

Disclaimer: This site is up to date with all information and is revised as progress is made.

To schedule an appointment call 801-566-7800

 

Please Explain the following to your buyers:

1. The short sale addendum notes that the seller can cancel the contract and take another offer.

2. Our seller has the right to accept any offer whether its higher or lower than your client's offer just like any other normal sale. The seller makes this decision.

3. As a result, whats puts a buyer in the best position?  Making a good offer and having an agent that stays in contact with us regarding their interest. This could be as simple as a weekly e-mail that states "let me know if we need to improve our offer to keep in the running." If someone ever wants a first right of refusal, a non refundable option money would be the most likely to entice them to do so depending on the bank/banks with the short sale.

4. Most of our banks don't require signatures on our offers. (Contrary to what people may think.)  When we submit an offer to the bank it isn't contractual.  When there is a bank that requires signatures upfront, we  will mark that property as 'offer under review.'  Otherwise, any offer a buyer submits will be reviewed by seller even if there is an offer into the bank and any buyer has an opportunity to purchase the property despite being 2nd to put the offer in.

Utah Dave Locations:

Salt Lake City Office
480 East 400 South
Salt Lake City, UT 84111

South Valley Office
10380 S. Redwood Rd
South Jordan, UT 84095

St George Office
321 N Mall Dr. #B-101
St. George, UT 84790

DAVE ROBISON, Principal Broker, ABR, CDPE, CRB, CRS, e-PRO, GRI