Mary Ellen Holleran's (maryellenholleran) Blog

I just never worked with them before and was surprised to see their named attached to the processing. I start a short sale with them tomorrow and I'm told that they are one of the worst companies to work with. I'm not looking forward to a bad experience so if anybody can give me a few hints about...

I am involved in a short sale with a five home HOA run by the homeowners. They are owed one year plus prorated for this year-around $1100. BOA only approved $500 and of course, the buyers will pay the remainder of the year. The HOA will not release the lien, the sellers won't pay for it, and buye...

In theory the Equator System is a fabulous idea. Having short sale documentation in a centralized location seems to be the answer to a lot of problems. The piece of the puzzle that is missing, however, is that the banks are not responding to the emails that you send them through this system. This...

This is happening in the short sale world with really unpleasant results for many. Like the appraiser unfamiliar with the neighborhood and overprices the home, the lender has no idea what the home is worth. They have not seen it, don't know the area, but only what they want to "get" for the home....

This week I have gotten several calls from BOA social media department saying that they have read some of my blogs. I'm guessing they would be the ones that mention their name. They want to assure me that they can help should I be having trouble with any of my short sales. This is a nice touch bu...

I at the end of a very difficult short sale where my clients, one week from closing, have decided that they should just let the bank foreclose and then they will file bankruptcy. There is so much wrong with this scenario that I'm not sure where to start. I told them to take a few days to think ab...

After several witty emails about my ActiveRain photo I would like to clear things up. No, it is not an actual picture of me:) This is Charlie, he lives the life we all work toward. He gets fed, lounges around all day, and gets praised for just about everything.

You are well into your short sale listing when you find out that you have less than honest clients. The bank has copies of their financials and bank statements so they know how much money they have and what they spend it on. You notice that there are debits on the statement that are truly questio...

In North Carolina there are very specific rules with regards to short sale and the words an agent uses. We are never allowed to say the word "negotiate" but rather "assist." The NC Commission has stated that an agent is not qualified to negotiate a loan but rather help the homeowner sell their di...