Micah Olson, THE Effective Agent (EXP Realty)

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Rainmaker
1,476,208
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes I remember it, documenting it would be something else. Shortsale Superstars used to document stuff by lender.  Timeline seems right or before maybe.

Jan 07, 2019 07:58 AM
Rainmaker
962,022
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

"Back in the day" when I had any short sale questions I would call or email Bryant Tutas

Jan 07, 2019 09:57 AM
Rainmaker
2,860,933
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I remember something like that... but couldn't give you chapter and verse as I avoided handling short sale listings like the plague.

Jan 07, 2019 08:07 AM
Rainmaker
3,063,296
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never focused on short sales, sorry!

Jan 07, 2019 07:54 AM
Ambassador
1,600,554
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

No... I don't remember that, at all.... and that sure doesn't sound like the FHA during the short sale surge.

Jan 07, 2019 09:05 AM
Rainmaker
2,735,560
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Things change.  That may not be the case today.  I did a lot of short sales as well.  My focus was not on commission or dual agency ... it was on helping the homeowner avoid foreclosure.  I hope you find what you are looking for. 

Jan 07, 2019 08:11 AM
Rainmaker
4,196,527
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Lyn Sims gave you an answer.  Short sales is not something I delved into. A

Jan 07, 2019 08:08 AM
Rainmaker
624,736
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

While I did numerous short sales at the time when distressed properties were a significant part of our market, my memory of details re: FHA are not coming up. Sorry.

Jan 07, 2019 10:00 AM
Rainmaker
1,405,698
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Yes, I remember. 5 and 6 %.

Jan 07, 2019 09:38 AM
Ambassador
3,900,881
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

A policy from 2011 may have changed since then, best to ask someone at fha.

Jan 07, 2019 03:53 PM
Rainmaker
2,788,369
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have not heard.

Jan 07, 2019 08:28 AM
Rainmaker
5,131,046
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Jan 07, 2019 08:23 AM
Rainmaker
1,190,148
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Sorry, I don't have that info.  Good luck!

Jan 07, 2019 02:01 PM
Rainer
277,218
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

Micah, you may want to try to search on HUDCLIPS.  I added the link, but I didn't search any of it.  HUD may have issued a Notice or Bulletin.

Good luck.

Jan 07, 2019 01:03 PM
Rainmaker
2,394,404
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes...and more too

Jan 07, 2019 12:50 PM
Rainmaker
979,414
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Yes.

Jan 07, 2019 12:12 PM
Ambassador
1,578,126
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Probably a question for an experienced lender I would think.

Jan 07, 2019 11:50 AM
Rainmaker
4,753,498
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

we never participated in short sales..... we were busy with new construction with subdivisions that were distressed.... banks were good to deal with....they didn't want those properties....

Jan 07, 2019 11:41 AM
Ambassador
3,065,712
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes but, I never did both sides. I'm fairly certain it was an FHA announcement - maybe try searching their site for old news? 

Jan 07, 2019 04:19 PM
Rainmaker
1,499,500
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I did a few Micah Olson but all I remember was how happy I was when they were OVER! Check with Sally K. & David L. Hanson , they did about a Bizillion of them.

Jan 07, 2019 01:21 PM
Rainmaker
2,972,908
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Not sure what the FHA reg. are now.

 

Jan 08, 2019 10:08 AM
Rainmaker
2,896,620
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

For a while I stopped taking HUD short sales as it was near impossible to get closed. Where as  could lost with nearly any other bank and get approvals in 45 day average. I am starting to do them again and the systems banks have are much better than 7 years ago

Jan 08, 2019 08:55 AM
Rainmaker
4,792,152
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't ever remember seeing this.

Jan 08, 2019 07:29 AM
Rainmaker
952,639
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

This is my first place to start. Contact the author.

Jan 11, 2019 07:10 AM
Rainmaker
3,959,512
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wish I could help, I stay CLEAR of short sales.  Good luck.

Jan 10, 2019 07:27 AM
Rainmaker
3,965,765
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes and  I even had seersl deals like that

Jan 08, 2019 06:33 PM
Rainmaker
4,430,079
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Jan 08, 2019 06:17 AM